Sunday, May 27, 2018

THE SARETSKY REPORT

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Around Vancouver

National Home Prices Drop 11.3% Year over Year in April

The Canadian Real Estate association, CREA, released their latest figures for the month of April. Home buying activity across the nation continued to slump...

Vancouver Pre Sale Condo Market Cools In April

According to MLA Canada, a pre sale marketing firm in Vancouver, the Vancouver pre sale condo market has begun to cool. In April, just 43% of...

Mortgage Stress Test Benchmark Set to Move Higher

With Scotiabank increasing their posted fix rates today, following their counterparts at BMO, CIBC, RBC, and TD Bank, the new mortgage qualifying rate also...

Vancouver Condo Market Goes Flat in April

With the Vancouver detached market cratering, home sales fell 31% in April to their lowest total since the Real Estate Board of Greater Vancouver...

Vancouver Sees Record Low Detached Home Sales in April

The Vancouver detached housing market appears to have skipped the historically busy spring market. Following a miserable first quarter, with just 352 sales from...

Mortgage Arrears Rates Fall to 0.16% Across British Columbia

With the Canada 5 year bond inching closer to a 7 year high earlier this week, pressures are mounting on fixed term mortgage rates....

City of Vancouver to Collect $30M from Empty Homes Tax

Vancouver Mayor Gregor Robertson announced the city expects to collect $30M in revenue from the city's empty homes tax this year. The empty homes...

BC Real Estate Prices Grow 8.49% in Q1 2018

With the implementation of the B-20 mortgage stress test, Canadian Real Estate is beginning to feel a noticeable slowdown. National home sales declined by...

National Home Sale Prices Decline By 6% In First Quarter 2018

With 2017 mortgage pre approvals having now expired, the first wave of buyers facing OSFI's ground breaking mortgage regulations are being put to the...
The views expressed are those of the author, Steve Saretsky, A Sutton West Coast Realtor, and do not necessarily reflect those of Sutton West Coast. It is provided as a general source of information only and should not be considered personal investment advice or a solicitation.