News and Market Updates

The 2023 Housing Market Forecast for Metro Vancouver: Mild Price Increases Despite Slowing Sales.

According to the 2023 housing market forecast released by the Real Estate Board of Greater Vancouver (REBGV), the housing slowdown in Metro Vancouver is anticipated to persist throughout 2023. The estimated total number of home sales for the year is 28...

The Implications of Interest Rate Hikes in Canada in 2022

The Bank of Canada's decision to raise interest rates in 2022 has significant implications for the country's economy and financial markets. An interest rate hike is a measure taken by the central bank to increase the cost of borrowing money, which can impact a variety of sectors including hou...

Foreign Buyer Ban 

On January 1, 2023, a new foreign buyer law came into effect in Canada, aimed at increasing the availability of housing for Canadians and decreasing the role of foreign buyers in the housing market. Effective January 1, 2023, foreign businesses and individuals will be banned from purchasing residential properties in Canada for a pe...