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  1. A total of 2,681 home sales in August, representing a sharp 20% annual decrease

    Montreal housing market – continuous market slowdown underway Ephraim Vecinaother The region also saw its largest volume of listings year-to-date The Montreal housing market is showing signs of continuous slowdown, building on trends seen during the past few months, according to the Quebec Professional Association of Real Estate Brokers. The market saw a total of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-09-2022
    Real Estate Related

  2. Central bank’s move is its first three-quarter-basis-point jump of 2022

    Bank of Canada announces another big rate hike Fergal McAlindenother The central bank continues to take aggressive action on inflation  The Bank of Canada has increased its benchmark rate by 0.75%, marking a fifth consecutive hike in its latest effort to get surging price growth under control. The central bank’s move is its first three-quarter-basis-point […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-09-2022
    Real Estate Related

  3. Central banks move is its first threequarterbasispoint jump of 2022

    Bank of Canada announces another big rate hike Fergal McAlindenother

    By Les Twarog Vancouver Real Estate and Condo Blog
    07-09-2022
    Real Estate Related

  4. Residential property sales in Metro Vancouver

    Metro Vancouvers housing market sees fewer home buyers and sellers in August REBGV StaffREBGV  Metro Vancouver’s housing market is experiencing a quieter summer season marked by reduced sale and listing activity. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,870 in August 2022, a 40.7 per cent […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-09-2022
    Real Estate Related

  5. Bank of Canada hikes interest rates by another 75 basis points

    Bank of Canada Announces Fifth but Not Final Interest Rate Increase for 2022 Patti Cosgareaother  The Bank of Canada (BoC) announced its fifth interest rate increase of the year, raising rates by another 75 basis points. This follows its July announcement where the Bank announced an interest rate hike of 1 percentage point, the largest […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-09-2022
    Real Estate Related

  6. Fed re-evaluate the stress test in light of a resurgence in housing market activity | TRREB

    Canada stress test – Real estate board says it’s the right time to re-examine it Ephraim Vecinaother Major markets are seeing stronger housing market activity recently The Toronto Regional Real Estate Board has called on the federal government to re-evaluate the stress test in light of a resurgence in housing market activity, seemingly undeterred by […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    06-09-2022
    Real Estate Related

  7. Nearly 30 per cent below the 10-year August average were last month sales

    Vancouver home sales down 40% from last year, nearly 1% since July: board Canadian PressThe Vancouver Sun The board says sales for the month amounted to 3,152 and came amid a quieter summer season marked by reduced buying and listing activity. A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. Photo […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-09-2022
    Real Estate Related

  8. Toronto home sales year-over-year dip of 34.2%, up 15% from July | TRREB

    GTA Home Sales Increase in August Despite 34% Year-Over-Year Decline Daniel Crookother

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-09-2022
    Real Estate Related

  9. Canada’s home price drop 2.8% in August compared the month before to reach CA$1.12M by TRREB

    Toronto home prices in historic correction Ari Altstedterother Higher interest rates deliver a huge blowToronto home prices fell for a fifth straight month, the longest skid since 2017, as the property market adjusts to sharply higher interest rates from the Bank of Canada.The benchmark price for a home in Canada’s largest city dropped 2.8% in […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-09-2022
    Real Estate Related

  10. Toronto home sales year-over-year dip of 34.2%, up 15% from July | TRREB

    GTA Home Sales Increase in August Despite 34% Year-Over-Year Decline Daniel Crookother  Home sales in the Toronto Region have seen a year-over-year dip of 34.2%, with 5,627 sales reported in the month of August, according to TRREB (Toronto Region Real Estate Board). While the decline is significant versus last year, August saw a bit of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    01-09-2022
    Real Estate Related

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