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  1. Canada’s inflation rate hit 8.1% in June

    Where are interest rates headed for the rest of 2022? Fergal McAlindenother The year to date has already seen its fair share of surprising news where variable and fixed rates are concerned  It may seem hard to believe, but 2022 will soon be entering its closing stretch as the summer ends and fall comes into […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-08-2022
    Real Estate Related

  2. Canadian seeking detached homes have return to the market amid softer values in Q2

    ‘Softer’ values for detached homes bringing buyers back into the market, RE/MAX study finds Shantae CampbellThe Vancouver Sun Second-quarter home sales increased across 40% of GTA neighbourhoods  Homes in Toronto. Photo by James MacDonald/Bloomberg files Canadians seeking detached homes have returned to the market amid “softer” values in the second quarter, according to a new […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-08-2022
    Real Estate Related

  3. Canada’s housing affordability continue to decline in Q2 2022

    Housing affordability deteriorates to new lows Mika Pangilinanother Q2 marks “worst quarterly and annual deteriorations in 41 years” Housing affordability across Canada continued to decline during the second quarter of the year, hitting the worst level of deterioration since the 1980s. According to a recent report from the National Bank of Canada, mortgage payments now […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-08-2022
    Real Estate Related

  4. Canada softwood lumber and panel prices drop 11% from the previous week

    Lumber prices welcome “summer slowdown” with a dip Mary Orother Interestingly, the price is nearly exactly where it was in 2020 Softwood lumber and panel prices dropped in Canada on the holiday-shortened week as customers kept well-stocked with wood, and producers saw shrinking order files. For the week ending August 5, the price of benchmark […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-08-2022
    Real Estate Related

  5. Vancouver-area housing starts and sales continue to cool

    Metro Vancouver housing starts down 28 per cent in July Frank O’BrienWestern Investor Sharp drop from a month earlier is in step with a downturn in housing sales  Bucking a national trend, Metro Vancouver July housing starts fell 28 per cent compared to a month earlier, according to the latest data from Canada Mortgage and […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-08-2022
    Real Estate Related

  6. Canada’s annual pace of housing starts up 1.1% in July

    CMHC reveals latest pace of housing starts Fergal McAlindenother Find out how residential construction fared across Canada in July Canada’s annual pace of housing starts ticked upwards in July and posted a 1.1% increase over the previous month, the country’s national housing agency has revealed. The seasonally adjusted annual rate of July housing starts was […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-08-2022
    Real Estate Related

  7. Canada’s annual inflation rate slow to 7.6% in July 2022

    Canada’s inflation rate slows in July Fergal McAlindenother Is the country finally starting to turn the corner on price growth? Year-over-year inflation in Canada recorded its first decline since June 2020 last month, with the national statistics agency revealing that the annual inflation rate was 7.6% in July. That also represented the smallest monthly increase […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-08-2022
    Real Estate Related

  8. Canadian MLS systems dropped by 5.3% between June and July

    Canada home sales feel impact of rate hikes Ephraim Vecina other Sales numbers declined in three-quarters of all local markets last month, CREA says  Canada’s home sales decelerated for the fifth straight month in July amid the central bank’s sharp interest rate hikes, according to the Canadian Real Estate Association (CREA). The total number of […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    15-08-2022
    Real Estate Related

  9. Canadian home sales drop for fifth consecutive month

    Canadian home sales fall for fifth month in a row, down 29% from last July: CREA Canadian PressThe Vancouver Sun The association says sales in July fell 5.3 per cent compared with June. The Canadian Real Estate Association says home sales fell for the fifth consecutive month between June and July but this month’s drop […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    14-08-2022
    Real Estate Related

  10. Canada house prices could a 25% drop be coming?

    Canadian home prices set to drop by almost 25% by end of 2023 Ephraim Vecinaother

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-08-2022
    Real Estate Related

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