Real Estate Talks

OCTOBER 13, 2020 Canadian real estate prices made one of the largest leaps on news of a pandemic-driven economic shut down. US Federal Reserve Bank of Dallas data shows most G7 countries saw prices rise in real terms during Q2. Canada however, saw real home prices launch at the fastest pace of any o...

Canada’s robust population growth has been grinding to a halt during the pandemic. Statistics Canada (Stat Can) quarterly population estimate for Q3 2020 shows there is still a lot of growth. However, it’s a lot less robust than last year, and barely moved in the most recent quarter. In fact, the mo...

SEPTEMBER 10, 2020 Greater Vancouver detached real estate sales are still enjoying the delayed spring rush this summer. Real Estate Board of Greater Vancouver (REBGV) data shows detached sales had the biggest August since 2015. Prices are also seeing growth accelerate as well, but higher inventory l...

by Ephraim Vecina 26 Aug 2020 Despite a flagging economy, the British Columbia housing market is enjoying a robust pace of recovery that will propel it to new heights in the months ahead, according to the province’s foremost real estate organization. In the third-quarter edition of its housing forec...

AUGUST 17, 2020 Canadian real estate sales hit a new high, along with the highest unemployment in history. Canadian Real Estate Association (CREA) data shows the number of home sales set a record in July. Not just for the month either – it was the biggest month ever. Here’s why the surge was largely...

Mixed-use housing and commercial development planned for the aging hospital property on Burrard Street, with sales proceed helping to fund replacement Jeremy Hainsworth Glacier Media August 12, 2020 The Burrard Street site of Vancouver’s 124-year-old St. Paul’s Hospital has been sold to development ...

AUGUST 11, 2020 One of the driving forces behind Canadian real estate prices is on hold – immigration. Government of Canada (GoC) data shows the number of newly admitted permanent residents to Canada is still making sharp declines in June. The decline was mostly consistent around the country, except...

Aug 6 2020, 11:13AM Foreign buyers cut back their investment in U.S. residential properties over the 12 months that ended in March. It was the second year-over-year decline. The National Association of Realtors® (NAR) annual survey among its members about their transactions with international client...

Michael Valdes, Executive Vice President of International Expansion for eXp Global. Aug 5, 2020 Remember when you made your housing decisions based on proximity to work or a social center? When you wanted to be in an urban environment for the vibrancy of the community and were willing to sacrifice s...

JULY 30, 2020 The pandemic drove Greater Vancouver new home sales off a cliff, but things have improved… a little. MLA Canada, a Vancouver-based real estate firm specializing in condo pre-sales, observed an increase in absorption for June. Despite unusual market conditions and a bump from lows, abso...

July 28, 2020 at 6:40 am Updated July 28, 2020 at 6:05 pm By Katherine Khashimova Long Seattle Times business reporter Deep into the pandemic, prices for Seattle-area homes were still rising faster than any major city in the country, save Phoenix. There’s one sign, though, that the growth may be slo...

JULY 30, 2020 Canadian real estate buyers were excitedly disregarding risk before the pandemic hit. The US Federal Reserve Bank of Dallas (Dallas Reserve) exuberance index shows expectations surged in Q1 2020. The index is designed to capture explosive price growth, detached from fundamentals. A sin...

by Ephraim Vecina 29 Jul 2020 Sustained market strength, subject to supply constraints, will be the predominant dynamic in the Canadian housing sector for the rest of the year, according to Royal LePage CEO Phil Soper and Sotheby’s Canada CEO Don Kottick. In a joint interview with The Financial Post...

JULY 27, 2020 A lot of Greater Vancouver condo owners all had the same idea – last month was the perfect month to sell. Real Estate Board of Greater Vancouver (REBGV) data shows June saw the largest single-month surge of new condo apartment listings in at least half a decade. While sales did also ri...

JULY 28, 2020 Canada’s central bank is desperately trying to prop up real estate markets with liquidity. Bank of Canada (BoC) has been injecting billions into Canada Mortgage Bonds (CMBs). The central bank began purchasing a few million worth of bonds during last year’s real estate slow down. As the...