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Young buyers jump into BC’s housing market thanks to low mortgage rates, growing savings

Sean MacKay

Sponsored

Is 2021 the right year to purchase a new home?

  • Bank of Canada monitoring red-hot housing market for signs of overheating

    Sean MacKay February 24, 2021

    Although several media outlets focused on comments from the Bank of Canada Governor Tiff Macklem that there were “some signs” of the market overheating, BMO economist Benjamin Reitzes wrote that the governor “didn’t sound too concerned” about housing.

  • Apartment with crown jewels-inspired design proposed for Cambie Corridor

    James Bombales February 23, 2021

    The design’s most eye-catching characteristics are the vertical glass and metal fins on the north and west elevations.

  • Mortgage rates to start rising from record-lows before end of 2021: Capital Economics

    Sean MacKay February 19, 2021

    As mortgage rates rise it could amount to a slowdown in home buyer demand, especially in hot, affordability-challenged markets like Toronto and Vancouver.

  • Townhome 103 offers a flexible floorplan and plenty of room to grow at The Morrison in North Vancouver

    Sponsored

    This 1,687-square-foot home boasts two bedrooms, 520 square feet of outdoor living space, and a large flex space that can be adapted for a variety of uses.

  • Burnaby condo tower extends balcony season with integrated heaters for every suite

    Michelle McNally February 19, 2021

    In lieu of a traditional standing patio heater, these integrated ceiling radiators make it possible to enjoy year-round use of the balcony without taking up extra floor space.

  • Canadian home prices soared 9.6% in January, highest increase since 2017: Teranet

    Sean MacKay February 18, 2021

    The Teranet-National Bank Home Price Index rose 9.6 percent over the previous year in January, led by double-digit price increases in local markets including Ottawa-Gatineau, Halifax and Hamilton.

  • Find your authentic family home at The Robinsons in Coquitlam

    Sponsored

    Break the mould and discover a collection of character-rich family residences debuting in the vibrant community of Coquitlam West.

  • 22-unit residence could replace duplex home in Cambie Corridor

    James Bombales February 18, 2021

    The new residence would house 22 units and an underground garage with 21 parking spaces and bike storage.

  • Bidding wars are the norm as Vancouver home sales keep soaring in February

    Sean MacKay February 17, 2021

    February 2021 should rank as the second best sales performance for the month, coming in behind only February 2016 when a record 4,254 homes were sold.

  • Canadian home sales set another record in January, prices post 23% increase

    Sean MacKay February 17, 2021

    Well over 60,000 home sales were recorded across the country last month, putting 2021 on pace for an annual sales total north of 736,000. Market analysts at CREA don’t expect January’s fiery pace to continue, but it was, nevertheless, a remarkable start to the year.

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  • One-bedroom rents in Toronto and Vancouver reach lowest point since 2017

    Michelle McNally February 16, 2021
  • “Stampede” of buyers keeps Lower Mainland housing hot in early 2021

    Sean MacKay February 11, 2021
  • 40-unit rental project could replace commercial building on Kingsway

    James Bombales February 9, 2021
  • Here’s what $4.9 million buys in the Bjarke Ingels-designed Vancouver House

    James Bombales February 8, 2021
  • Leasing to officially launch at Monarc Rental Condominiums in Saint-Laurent on March 6th and 7th

    Sponsored
  • Vancouver housing affordability improved in 2020, but it’s still Canada’s least affordable market

    Sean MacKay February 5, 2021