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Blog by Kevin Wong

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BCREA: Video Housing Market Update (December 2012)

December 15th, 2012

Canada's Housing Market: A Victim of Demographics

December 13th, 2012

Demographic trends built up our housing market, and now they’re going to start pulling it apart.

Prepare yourselves, buyers and sellers. The years ahead for housing will look nothing like the last decade.

A report issued by Pacifica Partners Capital Management in B.C., describes the housing market as we know it today as a product of a wave of buying by baby boomers in their peak earning ...

Real Estate Board of Greater Vancouver: November Video Market Update

December 13th, 2012

Greater Vancouver Residential Property Sale and Listing Activity Below 10-Year Averages in November

December 6th, 2012

Over the past six months, the Greater Vancouver housing market has seen a reduction in the number of homes listed for sale, a gradual moderation in home prices and a decrease in property sales compared to historical averages.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 1,686 ...

Bank of Canada Issues Harsh Warning on Condo Market

December 6th, 2012

Bank of Canada warns on condos
The Bank of Canada issued a harsh warning today about overbuilding of high-rise housing, notably condos.

“In the current context, a specific concern is that the total number of housing units under construction has been increasing and is now well above its historical average relative to the population,” the central bank said in its financial system review ...