BCREA Housing Market Update (September 2022)

Posted on Sep 15, 2022

The latest housing market update from the BCREA, shows the Vancouver market begins to stabilize after a downward trend during the summer months. Rising interest rates from the Bank of Canada and rising inflation slowed consumer demand. 

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“You Can’t Bet Against Vancouver”: Why West Coast Market Fundamentals Are Here to Stay

Posted on Jul 21, 2022

As the cost of borrowing rises, and homebuyers see their budgets shrink, home prices have softened in recent months in Canada’s largest urban markets. Metro Vancouver was no exception in June, as sales plunged 16.2% from May, leading to a 2.2% decline in the benchmark price to $1,235,900, the Real Estate Board of Greater Vancouver reports.

But that...

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Greater Vancouver Real Estate Snap, May 2022

Posted on Jun 13, 2022

May 2022 real estate snap for Greater Vancouver from Prompton Real Estate Services Inc. 

May showed a slow down in the white-hot real estate market of Vancouver. Rising mortgage rates continue to create a slowdown in market activity as mortgage rates reach around 4.49%, this is the highest mortgage rate since 2009.

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This mind-blowing Burnaby development will have its own beach

Posted on Feb 08, 2022

They say life’s a beach.

For one Burnaby mega-development, will indeed be true once it’s built in the city’s Brentwood neighborhood.

Concord Pacific announced plans for the next phase of its huge Brentwood development that will be called Oasis.

The centerpiece is a 120,000-square-foot outdoor beachfront and running track. This, together with 30,000 sq...

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Home Buying Made Easy

Posted on Sep 23, 2021

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