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REAL ESTATE NEWS

Latest News about The Real Estate Laws and its impact to the industry.

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House prices bounced up 6.5% in June compared to last year, CREA says

July 15, 2020

Canada's housing market showed signs of recuperation from COVID-19 last month, with prices and sales numbers well up from where they were a year earlier.
The Canadian Real Estate Association said Wednesday that the average price of a Canadian resale home was $539,000, up 6.5 per cent from the average price a year earlier. And it's up by more than 10 per cent from what it was just one month earlier, in May. Canada's housing market went into a deep freeze when pandemic-related lockdowns began in March, causing activity in March ...

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Home sales and prices surging to pre-COVID-19 levels in June 2020: BC Real Estate Association

July 14, 2020

Home sales and prices in British Columbia are rising in the face of the ongoing pandemic. It’s affirming what RBC Economics observed that the housing market in the country is proving to be more resilient than expected. In a new report, the B.C. Real Estate Association (BCREA) stated that 8,166 homes were sold in the province in June 2020.
The number represents a 16.9 percent increase from June 2019. ...

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Victoria Real Estate Market Sees 9.2% Increase In June

July 8, 2020

A total of 808 properties sold in the Victoria Real Estate Board region this June, 9.2 per cent more than the 740 properties sold in June 2019 and 76.8 per cent more than the previous month of May 2020. Sales of condominiums were down 3.2 per cent from June 2019 with 209 units sold. Sales of single-family homes were up 16.8 per cent from June 2019 with 460 sold.
“This June we saw competing factors from all different sides of the real estate equation,” says Victoria Real Estate Board President ...

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Fraser Valley real estate sales surges in June after COVID-19 slump

July 6, 2020

Property sales in the Fraser Valley bounced back in June as buyers and sellers adapted to COVID-19 measures, according to the region's real estate board.
The Fraser Valley Real Estate Board says it had 1,718 sales in June, more than double the number of sales in May.
Over the last few months, the pandemic nearly brought the real estate market in the Fraser Valley to a standstill. ...

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