Metro Vancouver saw renewed price growth in March 2023 with modest increases at +2.7% for detached, +0.7% for apartments, and +1.7% for townhomes. Annual growth isn’t quite reflected due to strong base effects from March 2022. New listings remained 22%…
Despite concerns following the banking turmoil that higher borrowing rates could make matters worse, the Federal Reserve raised its key interest rate by a quarter point on Wednesday. Any talk of rate increases has now turned to talk about rate…
For the first time, the Canadian Housing Statistics Program (CHSP) published data on investors and the residential properties they owned in Nova Scotia, New Brunswick, Ontario, Manitoba and British Columbia for 2020. The proportion of investors in British Columbia came…
The Bank of Canada made its first rate hike of the year, increasing its key policy interest rate by 25 basis points to 4.5%, sending the prime rate to 6.70%—the highest since March 2001. Adjustable-rate mortgage payments will jump about…
TD Bank reported home prices could decrease 20-25% from the highs seen earlier this year—yet another portrayal of the sky falling. No one has a crystal ball, but eventually it will reach an equilibrium as with any cycle, and a…
In an effort to increase the supply of affordable housing, the City of Vancouver (CoV) approved the Affordable Housing Choices Interim Rezoning Policy to allow for consideration of rezoning proposals evaluated on the following criteria: Affordability, Location, and Form of…
