The trend in housing starts was 271,068 units in September 2021, down from 284,757 units in August 2021, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

“The six-month trend in housing starts declined from August to September, with total starts continuing to pull back from their earlier 2021 levels,” said Bob Dugan, CMHC's chief economist. “Single-detached and multi-family SAAR starts were both lower in Canada’s urban areas...

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales edged up between August and September 2021.

Highlights:

• National home sales rose 0.9% on a month-over-month basis in September.
• Actual (not seasonally adjusted) activity was down 17.5% on a year-over-year basis.
• The number of newly listed properties declined by 1.6% from August to September.
• The MLS® Home Price Index (MLS® HPI) rose 1.7% month-over-month and was up 21.5% year-over-year.
• The actual (not seasonally adjusted) national average sale price posted a 13.9% year-over-year gain...

The British Columbia Real Estate Association (BCREA) reports that a total of 9,164 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in September 2021, a decrease of 19.9 per cent from September 2020. The average MLS® residential price in BC was $913,471, a 14 per cent increase from $801,241 recorded in September 2020. Total sales dollar volume was $8.4 billion, an 8.6 per cent decline from last year.

“Home sales have settled at levels that are slightly above long-term average,” said BCREA Chief Economist Brendon Ogmundson. “The main story...

Home sale activity remains elevated across Metro Vancouver’s* housing market while the pace of homes being listed for sale continues to follow long-term averages.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,149 in September 2021, a 13.6 per cent decrease from the 3,643 sales recorded in September 2020, and a 0.1 per cent decrease from the 3,152 homes sold in August 2021.

Last month’s sales were 20.8 per cent above the 10-year September sales average.

There were 5,171 detached, attached and apartment properties newly...

Spacious & Open Layout

Lush Forest Outlook

2 Bed + Den, 2 Bath, 1024sqft

Priced at $598,800

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Bright, spacious and very private. Just a few ways to describe this immaculate one-owner home. Welcome to a 2 bed + den, 2 bath, 1024sqft home with lush forest outlook that breaks away during winter months to allow for plenty of natural light. Located in Novo II, a concrete building found in UniverCity; Vancouver's premier lifestyle neighborhood, allowing for rentals and pets. Features: new flooring, new dishwasher, open layout, plenty of counter and cupboard space, island...

Two Level One University Home

Updated Throughout

4 bed, 3 bath, 1739sqft

Priced at $998,000

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Nestled in a gorgeous, forested outlook, this unique and amazing 4bed/3bath/1739sqft/2level home, located at One University Crescent, SFU's flagship development, will not disappoint! Features: freshly painted, new flooring throughout, over height ceilings on main lvl, expansive windows, open living & dining areas, update kitchen w/quartz counters, newer appls, tile backsplash, refaced cupboards & direct access to a massive partially covered patio. The large master has...

The British Columbia Real Estate Association (BCREA) reports that a total 9,507 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August 2021, a decrease of 7.1 per cent over August 2020. The average MLS® residential price in BC was $901,712, a 17.2 per cent increase from $769,691 recorded in August 2020. Total sales dollar volume was $8.6 billion, an 8.9 per cent increase from last year.

“Home sales around the province have essentially returned to normal after a record setting spring,” said BCREA Chief Economist Brendon Ogmundson. “However,...

Spectacular Home with 12’ Ceilings

Open Layout

2 Bed, 2 Bath, 1071 sqft

Priced at $598,800

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Stunning & bright corner home that will exceed your expectations. This 2bed/2bath/1071sqft home offers West exposure, green space & mountain top views, 12' ceilings, expansive windows, a spacious open plan, a covered balcony & unique foyer. Altaire is a concrete hi-rise with high-end finishing, excellent amenities & is rental & pet friendly. Features: granite counters, stainless appliances, large great room style layout, breakfast bar & excellent in-suite...

Spectacular Home with 12’ Ceilings

Open Layout

2 Bed, 2 Bath, 1071 sqft

Priced at $598,800

Click here for more...

Stunning & bright corner home that will exceed your expectations. This 2bed/2bath/1071sqft home offers West exposure, green space & mountain top views, 12' ceilings, expansive windows, a spacious open plan, a covered balcony & unique foyer. Altaire is a concrete hi-rise with high-end finishing, excellent amenities & is rental & pet friendly. Features: granite counters, stainless appliances, large great room style layout, breakfast bar & excellent in-suite...

Exclusive large 3-bed + den, top-floor unit w/ 400 feet of decks in this concrete building at One University Crescent. Peaceful and private views over the treetops to the mountains and gulf islands. Very bright w/ floor-to-ceiling windows on 3 sides (east, south, and west). Excellent open layout. Amenities include gym, meeting room, and pool room. Only 2 units per floor -- only 1 shared wall. Banks of EV chargers in visitor parking. No rentals. One dog or cat welcome.

Listing Offered by: ReMax Select Properties

While home buyers have remained active in Metro Vancouver* throughout the summer, the supply of homes for sale has declined steadily since June.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,152 in August 2021, a 3.4 per cent increase from the 3,047 sales recorded in August 2020, and a 5.2 per cent decrease from the 3,326 homes sold in July 2021.

Last month’s sales were 20.4 per cent above the 10-year August sales average.

“August was busier than expected, and listings activity isn’t keeping up with the pace of demand....

Two Level One University Home

Updated Throughout

4 bed, 3 bath, 1739sqft

Priced at $998,000

Click here for more...

Nestled in a gorgeous, forested outlook, this unique and amazing 4bed/3bath/1739sqft/2level home, located at One University Crescent, SFU's flagship development, will not disappoint! Features: freshly painted, new flooring throughout, over height ceilings on main lvl, expansive windows, open living & dining areas, update kitchen w/quartz counters, newer appls, tile backsplash, refaced cupboards & direct access to a massive partially covered patio. The large master has pass through...

Gorgeous Forest Views

Spacious Layout

Priced at $424,800

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Investor, student and first-time buyer alert! This 1bed/1bath/545sqft above-ground home offers floor to ceiling windows and is nestled in lush forest and green space views. Features: brand new flooring throughout, freshly painted, an efficient floor plan, GE Cafe appliances, quartz counters, a spacious kitchen w/breakfast bar & covered balcony. Spacious master has large closet space & views. Altitude is Vancouver’s highest rising tower allowing rentals & pets. Bonus: locker & parking. Walk...

Stunning Views

Desirable Location

Price at $474,800

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Gorgeous endless South facing views. Huge partially covered roof-top deck. Top floor penthouse home! Your search ends here! Located in the "The Heart" of SFU, UniverCity, in The Hub, a concrete building. This 1 bed + large den with a window, 1 bath, 621sqft home is perfect for investors, first time buyers, students & everyone else in between. Features: a spacious plan, an open North/South exposure with no shared hallways, plenty of natural light, wood floors, a kitchen with SS apps, quartz counters & plenty...

BCREA 2021 Third Quarter Housing Forecast Update

Third Quarter – August 2021 

The pace of home sales in the province has slowed in recent months but an unprecedented start to the year still has BC on track for a record-breaking year.

An expected second-half slowdown has arrived, prompted by eroding affordability and a tightening of mortgage qualification rules. However, with the BC economy on track for very strong growth this year and next, along with the eventual return of normal migration flows, home sales are anticipated to remain well above long-run average levels into 2022.

Canadian...

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down between June and July 2021.

Summary:

• National home sales declined by 3.5% on a month-over-month basis in July.
• Actual (not seasonally adjusted) activity declined by 15.2% year-over-year.
• The number of newly listed properties dropped by 8.8% from June to July.
• The MLS® Home Price Index (MLS® HPI) rose 0.6% month-over-month and was up 22.2% year-over-year.
• The actual (not seasonally adjusted) national average sale price posted a 15.6% year-over-year gain in July.

Home sales...

Gorgeous Forest Views

Spacious Layout

Priced at $424,800

Click here for more...

Investor, student and first-time buyer alert! This 1bed/1bath/545sqft above-ground home offers floor to ceiling windows and is nestled in lush forest and green space views. Features: brand new flooring throughout, freshly painted, an efficient floor plan, GE Cafe appliances, quartz counters, a spacious kitchen w/breakfast bar & covered balcony. Spacious master has large closet space & views. Altitude is Vancouver’s highest rising tower allowing rentals & pets. Bonus: locker & parking. Walk to: transit,...

Rental and Pet Friendly Building

1 Bed + Den, 1 Bath, 621sqft

$474,800

Gorgeous endless South facing views. Huge partially covered roof-top deck. Top floor penthouse home! Your search ends here! Located in the "The Heart" of SFU, UniverCity, in The Hub, a concrete building. This 1 bed + large den with a window, 1 bath, 608sqft home is perfect for investors, first time buyers, students & everyone else in between. Features: a spacious plan, an open North/South exposure with no shared hallways, plenty of natural light, wood floors, a kitchen with SS apps, quartz counters & plenty of cupboards....