home sales

Home sales in Greater Vancouver are predicted to stay in line with last year’s slower pace, while prices will inch up slightly. Office towers, condos and apartment buildings are seen in downtown and the West End of Vancouver, on Thursday, Jan. 19, 2023. THE CANADIAN PRESS/Darryl Dyck

Greater Vancouver home sales to flatten while prices inch up, forecast says

Average home price this year is expected to climb slightly to $1.2 million

 

A new home is displayed for sale in a new housing development in Ottawa on Tuesday, July 14, 2020. Prospective buyers have lamented the torrid pace Canada’s real estate market has moved at in recent years, but many feel 2023 may be the year their luck changes. THE CANADIAN PRESS/Sean Kilpatrick

Homebuyers hope ‘patience pays off’ as prices drop, recession predictions loom

Drop in home prices offset by high interest rates, so far

 

A real estate sign is pictured in Vancouver, B.C., Tuesday, June 12, 2018. A new report says Canada’s housing market is still firmly in correction mode, despite having slowed in recent months. THE CANADIAN PRESS Jonathan Hayward

Ontario and British Columbia headed for a buyer’s market, RBC says

High interest rates will hold back shoppers in other parts of the country

A real estate sign is pictured in Vancouver, B.C., Tuesday, June 12, 2018. A new report says Canada’s housing market is still firmly in correction mode, despite having slowed in recent months. THE CANADIAN PRESS Jonathan Hayward
Homes under construction are seen in a new subdivision in the Ottawa suburb of Kanata, on Friday, July 30, 2021. First-time homebuyers in Canada are facing one of the toughest real estate markets in generations. THE CANADIAN PRESS/Justin Tang
Homes under construction are seen in a new subdivision in the Ottawa suburb of Kanata, on Friday, July 30, 2021. First-time homebuyers in Canada are facing one of the toughest real estate markets in generations. THE CANADIAN PRESS/Justin Tang
A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward

Vancouver home sales down 46% from last year, 13% from September: board

Composite benchmark price for Metro Vancouver sat at $1,148,900

A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward
A real estate sale sign is shown in a west-end Toronto neighbourhood Saturday, March 7, 2020. THE CANADIAN PRESS/Graeme Roy

CREA reports home sales in typically busy September continued to slow

September sales were down 3.9 per cent compared with August

A real estate sale sign is shown in a west-end Toronto neighbourhood Saturday, March 7, 2020. THE CANADIAN PRESS/Graeme Roy
Houses are seen on a hillside in Burnaby, B.C., on Saturday, April 17, 2021. The Real Estate Board of Greater Vancouver says September’s homes sales dropped by 46 per cent since last year and 10 per cent from August. THE CANADIAN PRESS/Darryl Dyck

Vancouver home sales down from August, way down from a year ago

Last month’s sales were almost 36 per cent below the 10-year September sales average

Houses are seen on a hillside in Burnaby, B.C., on Saturday, April 17, 2021. The Real Estate Board of Greater Vancouver says September’s homes sales dropped by 46 per cent since last year and 10 per cent from August. THE CANADIAN PRESS/Darryl Dyck
Parliamentary Budget Officer Yves Giroux waits to appear before the Senate Committee on Banking, Commerce and the Economy, Tuesday, September 27, 2022 in Ottawa. THE CANADIAN PRESS/Adrian Wyld

Average home price 67 per cent higher than affordable level in August: PBO

National average home price reached a peak of $839,600 in February 2022

Parliamentary Budget Officer Yves Giroux waits to appear before the Senate Committee on Banking, Commerce and the Economy, Tuesday, September 27, 2022 in Ottawa. THE CANADIAN PRESS/Adrian Wyld
A real estate sold sign is shown in a Toronto west end neighbourhood May 16, 2020. THE CANADIAN PRESS/Graeme Roy

June home sales down 24% from last year, 6% since May: CREA

Drops attributed to pressures tied to Bank of Canada’s continued hikes to its key interest rate.

A real estate sold sign is shown in a Toronto west end neighbourhood May 16, 2020. THE CANADIAN PRESS/Graeme Roy
Houses are seen on Squamish Nation land in North Vancouver, on Tuesday, February 22, 2022. The Canadian Real Estate Association says home sales in Canada fell in March, while prices were up 11.2 per cent compared with a year earlier. THE CANADIAN PRESS/Darryl Dyck

CREA reports home sales down in March, average price up 11.2 per cent from year ago

Drop in sales came as the number of newly listed homes fell 5.5 per cent on a month-over-month basis

Houses are seen on Squamish Nation land in North Vancouver, on Tuesday, February 22, 2022. The Canadian Real Estate Association says home sales in Canada fell in March, while prices were up 11.2 per cent compared with a year earlier. THE CANADIAN PRESS/Darryl Dyck
The first ever fully net-zero home built in northern B.C. was built in Fort St. James. The town has become something of a leader in energy-efficient homes thanks to Northern Homecraft, a Vanderhoof company. (Photo Northern Homecraft)

This northern B.C. town is leading the way in net-zero energy homes

Vanderhoof company wins awards for work they are doing in Fort St. James

The first ever fully net-zero home built in northern B.C. was built in Fort St. James. The town has become something of a leader in energy-efficient homes thanks to Northern Homecraft, a Vanderhoof company. (Photo Northern Homecraft)
Natura is 85 per cent sold, with available homes starting in the mid-$500s*. The roof is on, construction on interiors is well-underway, and residents will be able to move in spring 2022.

New Abbotsford condos set the stage for an active retirement

Invest in a 3-bedroom ‘rancher in the sky’ and leave the chores behind

  • Nov 22, 2021
Natura is 85 per cent sold, with available homes starting in the mid-$500s*. The roof is on, construction on interiors is well-underway, and residents will be able to move in spring 2022.
At Natura On Forest’s Edge you can enjoy low-maintenance, high-convenience living inside the gated community of Regency Park, right next to the lush forest of Horn Creek Park.

Eco-friendly building for nature lovers in Abbotsford

These homes aren’t just close to the forest, they’re also sustainably built with green amenities

  • Nov 8, 2021
At Natura On Forest’s Edge you can enjoy low-maintenance, high-convenience living inside the gated community of Regency Park, right next to the lush forest of Horn Creek Park.
The three-bedroom homes at Natura offer an abundance of natural light, forest views and plenty of living space.

Downsizing your home to upgrade your retirement life at Natura

A 3-bedroom ‘rancher in the sky’ is a great option for downsizers who want to leave the chores behind

  • Oct 25, 2021
The three-bedroom homes at Natura offer an abundance of natural light, forest views and plenty of living space.
Natura On Forest’s Edge is just 73 homes on five floors nestled right into Horn Creek Park,  in Abbotsford. There are just a few homes remaining, starting in the mid-$500s.

Your home in the woods, tucked away in the heart of Abbotsford!

It’s not just close to the forest, it’s also sustainably built with eco-friendly amenities

  • Sep 27, 2021
Natura On Forest’s Edge is just 73 homes on five floors nestled right into Horn Creek Park,  in Abbotsford. There are just a few homes remaining, starting in the mid-$500s.
The Master Planned Cedarbrook community will include a thoughtful blend of lane homes, duplexes, trail homes, row homes and townhomes.

Cedarbrook: Affordable homes designed with rentals or multigenerational living in mind

Single Family Lane Homes with basement suite and carriage apartment starting at $949,000

  • Aug 9, 2021
The Master Planned Cedarbrook community will include a thoughtful blend of lane homes, duplexes, trail homes, row homes and townhomes.
New homes are built in a housing construction development in the west-end of Ottawa on Thursday, May 6, 2021. THE CANADIAN PRESS/Sean Kilpatrick

Annual pace of housing starts in Canada slowed in June: CMHC

The seasonally adjusted annual rate of housing starts fell 1.5% to 282,070 units in June compared to 286,296 in May

New homes are built in a housing construction development in the west-end of Ottawa on Thursday, May 6, 2021. THE CANADIAN PRESS/Sean Kilpatrick
People walk past new homes for sale in Oakville, Ont., on Tuesday, April 14, 2009. THE CANADIAN PRESS/Nathan Denette

May home sales fell 7.4 per cent, but on pace for record level this year: CREA

Canadian Real Estate Association predicting 2021 will see transactions rise 23.8 per cent

People walk past new homes for sale in Oakville, Ont., on Tuesday, April 14, 2009. THE CANADIAN PRESS/Nathan Denette
Ravi Duhra, BComm, LL. B, JD. Real Estate, Business Law. Duhra is a partner at RDM Lawyers LLP, which has served Abbotsford for 50 years.

Buying a home? 4 Common mistakes people make and how to avoid them

A real estate lawyer can help you manage risk in Abbotsford’s hot housing market

  • Apr 19, 2021
Ravi Duhra, BComm, LL. B, JD. Real Estate, Business Law. Duhra is a partner at RDM Lawyers LLP, which has served Abbotsford for 50 years.