Housing Market News

January 2021 began the second year of a global pandemic with a continuation of December’s record-setting home sales pace across the Lower Mainland. But the January acceleration was more than catching a tail wind from 2020.

The real estate market continues to thrive with home sales in November 2020 soaring past historical averages, with over 3,000 sales.

The market continues to outperform analysts predictions, as we experienced yet another stellar month of activity across Metro Vancouver.

Faith Wilson Group’s exclusive and comprehensive Market Analyses for September 2020 have arrived. The current trajectory of last 2 months in Vancouver real estate shows continual growth as sales increased over 56% compared to last September 2019. This increase is further shown from an almost 20% increase in sales from the month prior. In fact, […]

Sellers and Buyers have gradually become more active with each month passing from the mid March COVID-19 news. In fact, June home sales and listing activity in Metro Vancouver have returned to historically typical levels.

Recapping this last month of May 2020 in Vancouver real estate, we see that it has performed substantially in the same manner as the month previously – April 2020 – with a slight price increase of 1.4% and a 2.9% increase compared to last year May 2019.

February detached house sales on the Westside, at 62 transactions, were up 21.6% from February 2019 and the highest for any month since November of last year.

Faith Wilson Group’s exclusive and comprehensive Market Analyses for Q4 of 2019 have arrived. Our team does the research and produces reports for 8 Lower Mainland areas (inclusive of 170 + neighbourhoods) + the Vancouver Condo Report. Providing the market’s pricing for each type of home within its neighbourhood, and the market activity within its […]

From the Globe & Mail. The interest rate used in Canada’s mortgage stress tests has fallen for the first time since 2016, making it slightly easier to become a homeowner. The mortgage qualifying rate dropped to 5.19 per cent from 5.34 per cent, where it had been locked since May of 2018, according to new […]

An estimated 300,000 Canadian citizens live and work in Hong Kong, where violent protests have sparked speculation BC may see a mass return of expats.