Blog › July 2022
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Canada's housing market headed for 'historic correction,' says RBC (via Financial Post)
Canada’s largest bank has downgraded its outlook for the housing market and now forecasts a “historic correction,” worse than any national decline seen in this country in the past 40
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Coquitlam Sales June 2022 vs 2021- Decreasing Sales & Prices
Benchmark prices are up across the board, between 15.4-19.8% over thier 2021 counterparts. Detached Market: The June benchmark for detached homes was $283,200 higher than its 2021 counterpart
Royal LePage lowers 2022 national home price forecast to 5% to reflect softening markets in Ontario and B.C.
Royal LePage is forecasting that the aggregate price of a home in Canada will increase 5% in the fourth quarter of 2022, compared to the same quarter last year. The forecast has been revised downward
Maple Ridge Sales June 2022 vs 2021- Prices Edge Down
Benchmark prices up accross the board, between 20.3%-25.6% compared to June 2021.Detached Market:After a continual rise in prices for 2 years and 7 month, June marks the second consecutive month of pr
Bank of Canada hikes rate to 2.5% — here's what it means for you
Central bank is aggressively moving up lending rates to fight runaway inflation. The Bank of Canada has raised its benchmark interest rate by the largest amount in more than 20 years, sharply increas
Port Coquitlam Sales June 2022 vs 2021- Prices Down
Benchmark prices are up across the board in Port Coquitlam between 19.2-20.8% over thier 2021 counterparts.Detached Market:June marks the third consecutive month that detached home's benchmark pricing
Tri City Attached Market Update (June Comparison)
All statistics compared to June 1st Number of attached listings; Port Coquitlam: 113 (up 9) Coquitlam: 372 (up 16) Port Moody: 100 (down 2) List Price: Port Coquitlam: High - $1,388,000Low - $3
Mary Hill & Citadel Active Listing Breakdown
Mary Hill & Citadel currently have 43 active listings on the REBGV MLS. The breakdown is as follows; Single detached homes: 33Townhouse: 7Half duplex: 0Full duplex: 0Condo: 1Lot: 2Attached
Summer Season: Home listings up, sales down and prices starting to decrease (via REBGV)
With interest rates and housing supply increasing, Metro Vancouver home buyers are operating in a changing marketplace to begin the summer season. The Real Estate Board of Greater Vancouver (REBGV) re
Pitt Meadows REBGV MLS Active Listings Breakdown
Pitt Meadows currently has 100 active listings on the REBGV MLS. The breakdown of listings currently available in Pitt Meadows is as follows; Single detached homes 47Half Duplex 6Full Duplex 1Townho