Canada, home of North America?s biggest housing bubble risk, defies pandemic with price hikes across the country Ari Altstedterother Median home price expected to reach $693,000 by the end of the year, a 7 per cent increase from the end of 2019he median home price in Canada is expected to reach $693,00 by the end […]
Vancouver council approves 55-storey condo tower WI StaffWestern Investor Artist rendering of curvy 535-foot tower. | Jyom Architecture Vancouver council has approved a 55-storey condo tower that will be the fourth-highest tower in the city. The September 30 decision approved the slender, curvy 535-foot tower that is set to be the second bookend for a […]
Vancouver housing is now firmly in seller?s market territory Sean MacKayLivabl What a difference a year makes. Last October, it was buyers who were calling the shots in the Vancouver region’s housing market as higher detached home inventory tipped the balance away from sellers. Now, after an anxiety-ridden spring and a remarkable summer bounce back, […]
Will a pause in open houses slow Ontario’s raging real estate market? Clayton JarvisMortgage Broker News On Friday, the Ontario Real Estate Association called on the province’s realtors to put a temporary halt to open houses. The recommendation came just hours before the province announced that it had recorded 939 new COVID-19 infections, smashing the […]
Negative rates down the line are possible, says BoC’s Macklem Ephraim VecinaMortgage Broker News Bank of Canada Governor Tiff Macklem said in a video conference last week that further rate cuts remain an option in providing economic stimulus. At present, the central bank’s policy rate is at a historic low of 0.25%. “We are not […]
COVID-19: Government Announces New Rent Program, Improved CEBA and CEWS, CERB Replacement CREA Facultyother Following months of lobbying by the Canadian Real Estate Association (CREA) in collaboration with other business groups, today the government announced the Canada Emergency Rent Subsidy (CERS), as well as enhancements to the Canada Emergency Business Account (CEBA) and the Canada […]
Despite concerns over a COVID-19 correction, Vancouver home sales remain strong Ephraim VecinaMortgage Broker News The COVID-19 pandemic did not appear to have had a significant negative impact on Vancouver housing activity, with the market reaching its best September on record this year.In its latest report, the Real Estate Board of Greater Vancouver said that […]
Canadian tech company uses machine learning to assess your home?s market value Michelle McNallyLivabl An Edmonton-based tech company is rolling out a suite of online tools to help home buyers and sellers navigate the market as the pandemic continues to alter the country’s housing landscape. HonestDoor is a free online service that combines realty intelligence […]
Vancouver’s housing market breaks sales record in September Sean MacKayLivabl With 3,643 homes changing hands last month, the Vancouver housing market broke the all-time record for sales in September.The total for September meant sales rose a remarkable 56.2 percent over the previous year and were 44.8 percent above the 10-year average for the month. Last […]
