Real estate

A real estate sign is pictured in Vancouver on June 12, 2018. THE CANADIAN PRESS/Jonathan Hayward

Homes listed for sale in Metro Vancouver have fallen to lows not seen since 2016

New home built during the pandemic, with a specific focus on projects for the rental market

 

A real estate sign in Vancouver, B.C. (THE CANADIAN PRESS Jonathan Hayward)

Total home sales drop in August, but Chilliwack real estate prices remain high

August 2021 couldn’t maintain the standards of record-setting August 2020, but the dip was slight

 

For months now, the number of new listings with the FVREB has been shrinking, and they decreased even further in August. THE CANADIAN PRESS/Graeme Roy

Home buyers facing worst supply shortage in 40 years, says Fraser Valley Real Estate Board

2nd highest August sales ever, yet supply continues to shrink

 

The B.C. Real Estate Association forecasts 4,600 home to be sold in the Chilliwack area in 2021, which would be an all-time record. (Chilliwack Progress file)

2021 on pace to be the hottest ever real estate year in Chilliwack area

B.C. Real Estate Association forecasts a 32% increase in sales over last year with a cooling in 2022

The B.C. Real Estate Association forecasts 4,600 home to be sold in the Chilliwack area in 2021, which would be an all-time record. (Chilliwack Progress file)
A real estate sold sign hangs in front of a west-end Toronto property Friday, Nov. 4, 2016. THE CANADIAN PRESS/Graeme Roy

Home sales slow for July, lowest supply in 40 years, Fraser Valley Real Estate Board says

Buyers significantly outnumber sellers, resulting in lowest inventory since 1981

A real estate sold sign hangs in front of a west-end Toronto property Friday, Nov. 4, 2016. THE CANADIAN PRESS/Graeme Roy
Real estate sales in Chilliwack dropped in July 2021 compared to July 2020, the first dip reported by the Chilliwack and District Real Estate Board this year. (Black Press file)

Chilliwack real estate sales cool off in July, but supply remains low

While sales dropped, prices did not, with the average value of a single-family home hitting $870,000

Real estate sales in Chilliwack dropped in July 2021 compared to July 2020, the first dip reported by the Chilliwack and District Real Estate Board this year. (Black Press file)
A house is displayed for sale in a new housing development in Ottawa on Tuesday, July 14, 2020. Canadian home prices increased in June to mark the largest 12-month gain on record as prices climbed in all 11 markets, says the Teranet National Bank composite price index. THE CANADIAN PRESS/Sean Kilpatrick

Canadian home prices up 16% in June for largest 12-month gain on record, says index

Halifax led with prices climbing 30.8 per cent over the past year

A house is displayed for sale in a new housing development in Ottawa on Tuesday, July 14, 2020. Canadian home prices increased in June to mark the largest 12-month gain on record as prices climbed in all 11 markets, says the Teranet National Bank composite price index. THE CANADIAN PRESS/Sean Kilpatrick
New homes are built in a housing construction development in the west-end of Ottawa on Thursday, May 6, 2021. THE CANADIAN PRESS/Sean Kilpatrick

Annual pace of housing starts in Canada slowed in June: CMHC

The seasonally adjusted annual rate of housing starts fell 1.5% to 282,070 units in June compared to 286,296 in May

New homes are built in a housing construction development in the west-end of Ottawa on Thursday, May 6, 2021. THE CANADIAN PRESS/Sean Kilpatrick
Real estate for sale signs are shown in Oakville, Ont. on Saturday, Dec.1, 2018. THE CANADIAN PRESS/Richard Buchan

CREA reports home sales down 8.4% month-over-month in June

CREA said 73,402 homes were listed in June, down 0.7 per cent from 73,912 in May

Real estate for sale signs are shown in Oakville, Ont. on Saturday, Dec.1, 2018. THE CANADIAN PRESS/Richard Buchan
The average single family home in the Chilliwack and District Real Estate Board area in June 2021 sold for $829,026. This home on Fairfield Island in Chilliwack was listed for $815,000 as of July 6, 2021. (Realtor.ca)

Chilliwack real estate prices continue to rise as supply remains tight

47 homes sold for more than $1 million last month the third hottest June ever

The average single family home in the Chilliwack and District Real Estate Board area in June 2021 sold for $829,026. This home on Fairfield Island in Chilliwack was listed for $815,000 as of July 6, 2021. (Realtor.ca)
In this pre-pandemic meeting at the Friendship House in Agassiz, a packed house of residents expressed their concerns for and against the Teacup properties exclusion application to the ALC. The ALC recently denied the exclusion, keeping the McDonald Road properties as agricultural land. (File Photo/Adam Louis)

ALC refuses Teacup properties exclusion application

The decision comes nearly one year after application submitted

In this pre-pandemic meeting at the Friendship House in Agassiz, a packed house of residents expressed their concerns for and against the Teacup properties exclusion application to the ALC. The ALC recently denied the exclusion, keeping the McDonald Road properties as agricultural land. (File Photo/Adam Louis)
People walk past new homes for sale in Oakville, Ont., on Tuesday, April 14, 2009. THE CANADIAN PRESS/Nathan Denette

May home sales fell 7.4 per cent, but on pace for record level this year: CREA

Canadian Real Estate Association predicting 2021 will see transactions rise 23.8 per cent

People walk past new homes for sale in Oakville, Ont., on Tuesday, April 14, 2009. THE CANADIAN PRESS/Nathan Denette
White Rock’s 14635 Marine Dr. has been listed for $3,998,000. (Aaron Hinks photos)

PHOTOS: ‘Whimsical fairy tale’ B.C. house listed for $4 million

Owner wants to sell waterfront home in White Rock so she can buy a castle in France

White Rock’s 14635 Marine Dr. has been listed for $3,998,000. (Aaron Hinks photos)
Real estate sold sign. (THE CANADIAN PRESS/Jonathan Hayward)

Chilliwack real estate market remains robust despite cooling slightly in May

While sales dropped month to month, the 2021 total for May dwarfed what happened in 2020

Real estate sold sign. (THE CANADIAN PRESS/Jonathan Hayward)
May also had the second-highest volume of new listings ever for the month with 3,926, the record previously being set in 2018. John Dent photo.

Fraser Valley Real Estate Board breaks sales records 9 months in a row

FVREB processed 2,951 sales in May, a 267% increase compared to last year

May also had the second-highest volume of new listings ever for the month with 3,926, the record previously being set in 2018. John Dent photo.
A home is displayed for sale in a new housing development in Ottawa on Tuesday, July 14, 2020. THE CANADIAN PRESS/Sean Kilpatrick

CREA says April home sales down 12.5 per cent from record high set in March

The actual national average home price was a little under $696,000 in April

A home is displayed for sale in a new housing development in Ottawa on Tuesday, July 14, 2020. THE CANADIAN PRESS/Sean Kilpatrick
New homes are built in a housing construction development in the west-end of Ottawa on Thursday, May 6, 2021. THE CANADIAN PRESS/Sean Kilpatrick

Budget’s foreign-homebuyers tax could bring in $509 million over 4 years, PBO says

Liberals are proposing a one per cent tax on vacant homes owned by foreign non-residents

New homes are built in a housing construction development in the west-end of Ottawa on Thursday, May 6, 2021. THE CANADIAN PRESS/Sean Kilpatrick
Ozzie Jurrock. Photography by Lia Crowe

The Visionary

Ozzie Jurrock wrote the book on real estate

  • May 7, 2021
Ozzie Jurrock. Photography by Lia Crowe
B.C. average home price and sales level to 2023, showing steep drop in sales expected next year. (Central 1)

Forecast calls for B.C. home sales to ‘explode,’ then drop off

Average price to rise another 10% in 2021, credit unions say

B.C. average home price and sales level to 2023, showing steep drop in sales expected next year. (Central 1)
A real estate sign is shown in Victoria, B.C., on Friday, June 1, 2018. THE CANADIAN PRESS/Chad Hipolito

CMHC predicts COVID-19 immunity will moderate pace of home sales, prices by 2023

The agency also predicts that rental demand will rebound as immigration recovers

A real estate sign is shown in Victoria, B.C., on Friday, June 1, 2018. THE CANADIAN PRESS/Chad Hipolito