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  1. Average home price increase 10.8% in 2022 and sales would fall by 14.7% | CREA

    CREA slashes 2022 home sales forecast Fergal McAlindenother Prices will also fall further than previously expected, association says The Canadian Real Estate Association (CREA) has cut its forecast for home sales in 2022 and indicated lower price growth expectations amid a protracted housing market cooldown. The association said the number of properties sold via Canadian […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-09-2022
    Real Estate Related

  2. Average home price increase 10.8% in 2022 and sales fall by 14.7% | CREA

    CREA slashes 2022 home sales forecast Fergal McAlindenother Prices will also fall further than previously expected, association says The Canadian Real Estate Association (CREA) has cut its forecast for home sales in 2022 and indicated lower price growth expectations amid a protracted housing market cooldown. The association said the number of properties sold via Canadian […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-09-2022
    Real Estate Related

  3. Sales volumes fall 24.7% year-over-year basis, edged down just 1% from July to August

    Canada’s average home price down 3.9% in August from same month in 2021 Shantae CampbellThe Vancouver Sun Home sales, meanwhile, edged down just 1% between July and AugustA realtor’s sign outside a house for sale in Toronto. Photo by Chris Helgren/Reuters filesThe average price of homes sold in Canada in August fell 3.9 per cent […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-09-2022
    Real Estate Related

  4. Sales volumes fall 24.7% year-over-year basis, edged down just 1% from July to August

    Canada’s average home price down 3.9% in August from same month in 2021 Shantae CampbellThe Vancouver Sun Home sales, meanwhile, edged down just 1% between July and AugustA realtor’s sign outside a house for sale in Toronto. Photo by Chris Helgren/Reuters filesThe average price of homes sold in Canada in August fell 3.9 per cent […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-09-2022
    Real Estate Related

  5. BoC rate hike represents a huge strain on consumers

    Rate hikes hurt consumers the most, analysts say Ephraim Vecinaother Homeowners are at risk of further rate increases down the line The latest Bank of Canada rate hike represents a huge strain on consumers, financial industry players have warned. “Another 75 bps sucks significant discretionary income from the pockets of floating-rate borrowers,” analyst Robert McLister […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-09-2022
    Real Estate Related

  6. The province performed better than expected in Q1, minister says

    BC economy still strong, despite inflationary headwinds Nelson BennettWestern Investor Province’s forecasted deficit now expected to be a surplus  “The province performed better than expected” in the first quarter, says B.C. Finance Minister Selina Robinson.Province of BC As B.C.’s economy navigates uncertain waters between a pandemic and a possible global economic recession in 2023 — […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-09-2022
    Real Estate Related

  7. The perfect excuse to maintain that staycation state of mind

    Staycation state of mind at the Douglas Andrew McCredieThe Province West Coast vibes are in the nature of this downtown hotel with hip lounge, classic steakhouseSeptember is one of the best months here on the southwest coast of B.C., with warm days, cool nights and fewer tourists in the downtown core. In other words, the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    10-09-2022
    Real Estate Related

  8. BoC to “stop sugar coating things” and admit that we’re at elevated risk for a recession

    Canada’s recession risk running too high, says Desjardins economist Ephraim Vecinaother Rate jumps point to the bank’s awareness of the need to pull inflation back to sub-3% levels With its latest outsized rate hike, the Bank of Canada must “stop sugar-coating things” and respond accordingly to Canada’s higher risk of recession compared to other developed […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-09-2022
    Real Estate Related

  9. Canadian banks increase prime lending rates by 75 basis points to 5.45 percent

    Canadian banks raise prime rates after Bank of Canada hike Denise Paglinawanother Canada’s six big banks have all raised their prime rates after the Bank of Canada hiked its key rate to 3.25 per cent Wednesday. Photo by REUTERS/Mark Blinch/File Photo Major Canadian banks have increased their prime lending rates by 75 basis points to […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-09-2022
    Real Estate Related

  10. Canadian banks increase prime lending rates by 75 basis points to 5.45 percent

    Canadian banks raise prime rates after Bank of Canada hike Denise Paglinawanother

    By Les Twarog Vancouver Real Estate and Condo Blog
    08-09-2022
    Real Estate Related

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