Canada Mortgage and Housing Corporation (CMHC) released updated results today from its House Price Analysis and Assessment (HPAA) framework, which is designed to detect the presence of problematic conditions in Canadian housing markets.

“Modest overvaluation based on national indicators reflects a variety of price conditions across the country with some centres showing more signs of overvaluation than others. Likewise, housing market risk factors such as overheating, acceleration in house prices and overbuilding also vary by CMA” said Bob Dugan, CMHC’s Chief...

Vancouver, BC – April 16, 2015. The British Columbia Real Estate Association (BCREA) reports that a total of 9,101 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in March, up 37.6 per cent from the same month last year. Total sales dollar volume was $5.8 billion, an increase of 57.1 per cent compared to a year ago. The average MLS® residential price in the province rose to $641,799, up 14.1 per cent from the same month last year.

"BC home sales climbed significantly in March," said Cameron Muir, BCREA Chief Economist. "More homes traded hands last...

The trend measure of housing starts in Canada was 179,016 units in March compared to 180,236 in February, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR)1 of housing starts.

“Despite recent month-to-month changes in the SAAR, the trend in housing starts essentially held steady in March compared to February,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre. “However, the trend in housing construction has moved...

Barbara Yaffe: Who's buying the expensive homes in Vancouver?

Real estate: Generational preferences driving rise in prices of homes across Vancouver, realtor saysBy Barbara Yaffe, Vancouver SunSo, with Vancouverites earning median family incomes of $71,140, who are all those folks buying up the city's milliondollar properties? Sotheby's International Realty Canada answers that oft-asked question in a new report, A Comparative Study of Top Tier Real Estate Trends Across Generations in Canada. It probes who is buying what and how, based on feedback from its top-selling agents in various Canadian...

Demand continued to rise across Metro Vancouver's housing market in March.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 4,060 on the Multiple Listing Service® (MLS®) in March 2015. This represents a 53.7 per cent increase compared to the 2,641 sales recorded in March 2014, and a 32.6 per cent increase compared to the 3,061 sales in February 2015.

Last month’s sales were 26.8 per cent above the 10-year sales average for the month.

"We're seeing strong competition amongst home buyers today....