There is a video on the BNN website in which they interview an economist with Mortgage Brokers Canada. He talks about the hot housing market in Toronto (which is the second hottest home market in Canada to Vancouver) among other things. One of the primary aspects of the hot market that he talks about is that low interest rates are driving price increases. The foreign ownership issue is raised and he stated even 5% of buyers being foreign buyers would affect the market significantly also. (I suspect that the number is much higher, but no one has firm data on this.) (more…)
Metro Vancouver* homes continue to sell at an unprecedented rate in communities across the region.
Metro Vancouver home sales eclipsed 5,000 in March for the first time on record.
The Real Estate Board of Greater Vancouver (REBGV) is pleased to introduce Dan Morrison as its 2016/2017 president. Morrison replaces outgoing President Darcy McLeod.