Real estate

Brendon Ogmundson, Chief Economist for BC Real Estate Association. (Photo/Gary Barnes)

Big drop in housing sales predicted for Central Okanagan

Economist expects prices will stay relatively flat

 

A Saanich home listing is attracting a lot of attention on social media after being featured in a TikTok video. (Courtesy Realtor.ca)

B.C. home featured in ‘creepy’ real estate listings with TikTok video goes viral

Listed for almost $800,000, a sale is pending on the Gordon Head home

 

A real estate sale sign is shown in a west-end Toronto neighbourhood Saturday, March 7, 2020. A wave of buyer’s remorse is taking shape in several heated real estate markets, after housing prices started dropping and the number of sales slowed over the last two months. THE CANADIAN PRESS/Graeme Roy

Worry, buyer’s remorse high as real estate market slowdown materializes

Country experienced a 25.7 per cent drop in the number of homes sold over the last year

 

Houses for sale in a new subdivision in Airdrie, Alta., Friday, Jan. 28, 2022. The Canadian Real Estate Association says the pace of home sales fell in April as mortgage rates moved higher. THE CANADIAN PRESS/Jeff McIntosh

CREA reports home sales down in April as mortgage rates rise

Number of homes sold dropped by 25.7 per cent to 54,894 last month from 73,907 in April 2021

Houses for sale in a new subdivision in Airdrie, Alta., Friday, Jan. 28, 2022. The Canadian Real Estate Association says the pace of home sales fell in April as mortgage rates moved higher. THE CANADIAN PRESS/Jeff McIntosh
A tradesperson works on a balcony at a condo tower under construction, in Burnaby, B.C., on Wednesday, March 2, 2022. The British Columbia Real Estate Association says the sharp increase in mortgage rates is pushing the province's home sales down "a path to normalizing," although it estimates a balanced market is at least a year away. THE CANADIAN PRESS/Darryl Dyck

Higher interest rates push homes sales in B.C. back toward normal: association

British Columbia Real Estate Association estimates a balanced market is at least a year away

A tradesperson works on a balcony at a condo tower under construction, in Burnaby, B.C., on Wednesday, March 2, 2022. The British Columbia Real Estate Association says the sharp increase in mortgage rates is pushing the province's home sales down "a path to normalizing," although it estimates a balanced market is at least a year away. THE CANADIAN PRESS/Darryl Dyck
A for sale sign is displayed in front of a house in the Riverdale area of Toronto on Wednesday, Sept. 29, 2021. Brokers say prospective buyers who have grown tired of going up against dozens of competitors to snag a home are starting to get some relief from the frenzy seen earlier this year in many markets. THE CANADIAN PRESS/Evan Buhler

Fewer home bids easing competition for some, but prices still high: brokers

Toronto, Vancouver and Montreal brokers say plenty of properties are seeing fewer offers

A for sale sign is displayed in front of a house in the Riverdale area of Toronto on Wednesday, Sept. 29, 2021. Brokers say prospective buyers who have grown tired of going up against dozens of competitors to snag a home are starting to get some relief from the frenzy seen earlier this year in many markets. THE CANADIAN PRESS/Evan Buhler
Homes are pictured in Vancouver, Tuesday, Apr 16, 2019. THE CANADIAN PRESS/Jonathan Hayward

Real Estate Board of Greater Vancouver says April home sales down

April sales were 1.5 per cent above the 10-year sales average for the month

Homes are pictured in Vancouver, Tuesday, Apr 16, 2019. THE CANADIAN PRESS/Jonathan Hayward
Metro Vancouver real estate agents say the frenzy on house sales is slowing, but it doesn’t necessarily mean the price tag will drop. (Black Press Media file photo)

Metro Vancouver experts weigh in as RBC predicts cooling of B.C. housing market

Buyer frenzy beginning to slow, but sales still steady, real estate agents say

Metro Vancouver real estate agents say the frenzy on house sales is slowing, but it doesn’t necessarily mean the price tag will drop. (Black Press Media file photo)
Steam rises from buildings in Calgary, Alta., Wednesday, Feb. 8, 2017. THE CANADIAN PRESS/Jeff McIntosh

Priced out of Ontario, homebuyers turn their eyes to the Calgary real estate market

Alberta realtors buzzing about what they say is an unusually high number of inquiries from Ontario

Steam rises from buildings in Calgary, Alta., Wednesday, Feb. 8, 2017. THE CANADIAN PRESS/Jeff McIntosh
An aerial view of houses in Oshawa, Ont. is shown on Saturday, Nov. 11, 2017. New data from Statistics Canada shows multiple-property owners held between 30 and 40 per cent of the housing stock in Ontario, British Columbia, Nova Scotia and New Brunswick. THE CANADIAN PRESS/Lars Hagberg

Multiple-property holders own upwards of 41% of housing in some provinces: StatCan

Top 10 per cent of owners in those provinces earn more than the bottom 50 per cent combined

An aerial view of houses in Oshawa, Ont. is shown on Saturday, Nov. 11, 2017. New data from Statistics Canada shows multiple-property owners held between 30 and 40 per cent of the housing stock in Ontario, British Columbia, Nova Scotia and New Brunswick. THE CANADIAN PRESS/Lars Hagberg
A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018.The Real Estate Board of Greater Vancouver says home sales picked up between February and March but are still down from a year ago. THE CANADIAN PRESS Jonathan Hayward

Vancouver’s March home sales up 27% since February: B.C. real estate board

Rebound still behind the pace of sales in March one year ago

A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018.The Real Estate Board of Greater Vancouver says home sales picked up between February and March but are still down from a year ago. THE CANADIAN PRESS Jonathan Hayward
The 62-acre island north of Fort St. James is selling for $319,000. (Submitted photo)

You could buy this ‘rare’ private island in B.C. for just over $300,000

An entire island in the Nation Lakes north of Fort St. James is up for grabs

The 62-acre island north of Fort St. James is selling for $319,000. (Submitted photo)
The real estate industry feels municipalities in B.C. have not kept up with promoting housing starts over the last decade to meet the current housing demands. (File photo)

B.C. housing sales meddling upsets realtors

Real estate industry pushes back against ‘cooling off period’

The real estate industry feels municipalities in B.C. have not kept up with promoting housing starts over the last decade to meet the current housing demands. (File photo)
The Canadian Real Estate Association says February’s national home sales ticked up by 4.6 per cent from the month before as supply slowly returned to the market, but sales were still down by more than eight per cent since last year. A real estate sold sign is shown in a Toronto west end neighbourhood May 16, 2020. THE CANADIAN PRESS/Graeme Roy

Canada’s average home price hit record $816,720 last month as supply began to rebound

National average home price climbed by more than 20 per cent since last year: CREA

The Canadian Real Estate Association says February’s national home sales ticked up by 4.6 per cent from the month before as supply slowly returned to the market, but sales were still down by more than eight per cent since last year. A real estate sold sign is shown in a Toronto west end neighbourhood May 16, 2020. THE CANADIAN PRESS/Graeme Roy
House sales are down but prices are up across the Okanagan in the month of February 2022, compared to the same month last year. (THE CANADIAN PRESS/Graeme Roy)

Lack of inventory continues to drive up Okanagan home prices

South Okanagan’s 40 per cent rise in single-family house prices was the biggest increase in the region

House sales are down but prices are up across the Okanagan in the month of February 2022, compared to the same month last year. (THE CANADIAN PRESS/Graeme Roy)
The British Columbia Real Estate Association wants the province to establish a process that balances offer transparency for buyers with privacy concerns. (file)

B.C. realtors criticize proposed cooling-off period for home buyers

Proposed legislation will let homebuyers back out of a deal for a property

The British Columbia Real Estate Association wants the province to establish a process that balances offer transparency for buyers with privacy concerns. (file)
The village is over a century old and is an important historical site and was at one point the gateway to the mountaneering community in the Canadian Rockies. (RE/MAX photo)

Saving Golden’s Swiss Village: Dr. Johann Roduit and Dr. Ilona Spaar reflect on iconic B.C. spot

The historic Edelweiss Village has been for sale for over a year, and preservation talks are moving

The village is over a century old and is an important historical site and was at one point the gateway to the mountaneering community in the Canadian Rockies. (RE/MAX photo)
A sign outside a home indicates that it has been rented, in Ottawa, on Monday, March 1, 2021. THE CANADIAN PRESS/Justin Tang

National rental price up 3% from last year, while vacancy rates hold steady: CMHC

The national vacancy rate sat at 3.1 per cent last year

A sign outside a home indicates that it has been rented, in Ottawa, on Monday, March 1, 2021. THE CANADIAN PRESS/Justin Tang
THE CANADIAN PRESS/Justin Tang

Okanagan-Shuswap active house listings remain at record low

Low market inventory frustrates both sellers, buyers

  • Feb 2, 2022
THE CANADIAN PRESS/Justin Tang
(Black Press file photo)

B.C. housing sales slow amid ‘severely limited’ supply

The British Columbia Real Estate Association forecasts home prices will rise by 8.5% in 2022

(Black Press file photo)