August 2022

Vancouver Is No Longer Canada’s Most Expensive City | Matt Gul | REMAX Masters

Posted on Aug 26, 2022

For years, Vancouver has claimed the number one spot as Canada’s most expensive city, however, a new survey has determined that this is no longer the case.

"According to Mercer’s 2022 Cost of Living report, Toronto is more expensive than Vancouver. Montreal, Ottawa, and Calgary rounded out the top five.

The global index ranked Toronto and Vancouver 8...

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Desirable Neighbourhoods Keep Vancouver and Toronto Housing Market Hot | Matt Gul | REMAX Masters

Posted on Aug 23, 2022

Softer detached housing values prompt new round of home-buying activity in hot pockets of Greater Vancouver and Greater Toronto housing markets

Q2 detached home sales up in 40% of GTA pockets, 31% of GVA, compared to Q1

"While detached housing values show substantial year-over-year gains in the first half of 2022, successive increases to the Bank of...

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RBC cites two factors that will “protect against a full blown housing crash”

Posted on Aug 20, 2022

Lately, in the Canadian housing market sales and prices have fallen. However, a collapse is not anticipated by most.

RBC Economics has identified two factors that protect Canada from a full-blown housing crash.

The two factors are immigration and the rising number of new households. 

The number of households has been increasing as a result of the shrin...

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‘Don’t try to time the market’: What the interest rate hike means for B.C. real estate

Posted on Aug 04, 2022

Some markets cooled after the boom during the COVID-19 pandemic, but overall, prices have remained elevated since the start of the year.

House prices in British Columbia have been consistently higher than any other Canadian province. 

As you may have seen in your own housing markets, prices were booming during the COVID-19 pandemic, certain markets ha...

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