Vancouver will be the fastest growing metropolitan economy in the country this year and next, according to a report by the Conference Board of Canada. Meanwhile, Victoria is poised to expand at its fastest rate this year since 2007. “While Vancouver’s economy is forecast to slow next year, partly due to federal and provincial government […]
The CRA crackdown on real estate tax fraud is producing some big numbers in audit recoveries. Read: Feds close loophole on capital gains exemption The CRA’s website shows that, for the last year and a half, audit recoveries in B.C. and Ontario total more than $240 million. In B.C., $30.3 million (from 2,366 case files) […]
Is your client looking for a deal on a home? In recent weeks, finding the right digs at the right price may have been more challenging than expected. That’s because, says Royal LePage’s house price survey, the Canadian housing market continues to grow. Vancouver leads the way, with year-over-year home prices increasing by more than […]
Home sales in Metro Vancouver plunged by 32.6% last month compared to the same month last year. But there's more to the story.
The average price of a new low-rise home in the GTA has surpassed $900,000 for the first time, says BILD.
“You can’t include Toronto in the same discussion that you include Vancouver, because the situations are dramatically different," warns Royal LePage President Phil Soper.
37% were caught short at least once in the last year, and did not have enough to cover expenses, finds a Manulife Bank Canada survey.
CIBC's Benjamin Tal says that could cool Vancouver's housing market.
The further you get outside of big cities like Toronto, Vancouver, Calgary and Montreal, the cheaper it is to afford a home.
Modest increases in employment and earnings, coupled with low interest rates, should support real estate demand in 2016.