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Tag: Vancouver Condos

Canada

Canadian Condos Are Often Overvalued Due To Low Reserve Funds: Report

February 15, 2022

More Canadians are looking to buy condos, but they’re being warned not all are equal. The Canadian Institute of Actuaries (CIA) released a study on condo reserves this week. In the 140-page report, the organization warns low reserves often create misleading overvaluations. Over the long run those values may not benefit the current owners though. […]

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Vancouver

Greater Vancouver Condo Prices Pull Back In July, Flat From 3 Years Ago

August 10, 2021

It looked like Vancouver’s condo market was picking up, but it hasn’t made up its mind. Real Estate Board of Greater Vancouver (REBGV) data shows condo prices fell in July. Over the past year, this segment has been relatively weak compared to the rest of the country. Just a few months ago that looked like […]

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Vancouver

Vancouver Home Prices See 5-Figure Monthly Drop, As Resistance Suddenly Appears

July 6, 2021

Vancouver Home Prices See 5-Figure Monthly Drop, As Resistance Suddenly Appears Greater Vancouver real estate prices have been on a tear, but that may be coming to an end. Real Estate Board of Greater Vancouver (REBGV) data shows prices generally climbed in June. Broken down by region though, the trend isn’t quite as positive. In […]

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Canada

Canadian Condo Markets Have Seen Prices Rise Up To $116,000

May 29, 2021

Canadian condo prices had a slow start compared to detached homes, but they’re now ripping higher. Canadian Real Estate Association (CREA) data shows prices hit a record high in April. The typical condo apartment has seen prices advance by double digits just last month. Some markets have now produced annual gains well into the six […]

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Canada

Canada’s Condo Markets Are Making Huge Gains, That Will Get Bigger: BMO

May 18, 2021

Canada’s condo market has set off some alarms, but everyone is busy watching the dumpster fire down the street. BMO senior economist Robert Kavcic highlighted condo price growth last month. Price growth didn’t just hit a multi-year high for annual growth. Growth over the past 3 months showed one of the fastest price accelerations in […]

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Vancouver

Vancouver Real Estate Prices Rip Higher, As Detached Homes Rise $44,000 Last Month

March 2, 2021

Greater Vancouver suddenly has exuberant homebuyers once again, armed with cheap debt. Real Estate Board of Greater Vancouver (REBGV) data shows composite prices made a big jump in February. Actually, almost all measures of home prices made a big leap. Some segments even added more than $44,000 to the value just last month. Let’s dive […]

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Vancouver

Greater Vancouver Real Estate Prices Jump, While City Condos Slump

February 2, 2021

Greater Vancouver real estate is soaring, but it’s uneven across the region, and all segments. Real Estate Board of Greater Vancouver (REBGV) data shows prices generally advanced in December. Suburban homes represented most of the price gains. The City’s condo apartments even continued to see price growth decelerate. Greater Vancouver Real Estate Prices Rise 5.5% […]

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Vancouver

Greater Vancouver Detached Real Estate And Condos Are Both Flat From 3 Years Ago

January 7, 2021

Greater Vancouver real estate is seeing big price growth, but it hasn’t made up for lost ground yet. Real Estate Board of Greater Vancouver (REBGV) data shows prices generally increased in December. Some segments even printed very large year over year gains. However, the board’s data also shows prices are still around where they were […]

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Vancouver

Vancouver Real Estate Prices Diverge, As Detached Homes Soar While Condos Plummet

December 7, 2020

Greater Vancouver real estate is still catching up from pent-up demand. Real Estate Board of Greater Vancouver (REBGV) data shows record home sales in November. The increase was largely divided by segment however, sending detached prices soaring, while condo prices are dropping just as fast.  Greater Vancouver Detached Prices Are Rising, While Condos Are Falling […]

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Canada

RBC: Toronto Condo Listings Grow 6x Faster Than Vancouver

October 29, 2020

Canadian real estate sales have been impacted by the pandemic in an unexpected way. RBC Economics recently unpacked a trend of rising condo apartment listings. Dense cities filled with condo apartments, are seeing sellers flood the market. Meanwhile, mostly detached suburban markets are seeing inventory heading in the opposite direction. Toronto Condo Listings Rise 134% […]

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