SUMMER REAL ESTATE PRICES STILL SIZZLING

SUMMER REAL ESTATE PRICES STILL SIZZLING

A cooling market hasn’t been enough to slow the rise in real estate prices across Vancouver Island. On the mainland, July’s residential housing sales in Metro Vancouver reached their lowest levels for that month since 2000, as fewer buyers are keeping prices in check. But on Vancouver Island, statistics recently released by the Vancouver Island Real […]

Opinion: Should B.C. follow New Zealand’s foreign buyer ban?

New Zealand’s Prime Minister, Jacinda Ardern, is fulfilling her early promise to tackle the country’s soaring property prices. Ardern – who seems to be taking over from Justin Trudeau as the global media’s latest, youngest, hippest nation leader du jour – promised last fall after her election that non-resident buyers would not be permitted to purchase existing […]

Most B.C. real estate markets now ‘back in balanced conditions’

Year-over-year declines in home sales across the province, combined with a jump in listings inventory, have put most of B.C. regions back into balanced-market territory, according to the B.C. Real Estate Association. However, some regional markets are exceptions to that rule, the association observed.  There were 7,884 home sales were recorded by the Multiple Listing […]