Real Estate Roundup Blog – Insights, Trends, and Tips for Buyers and Sellers

December 2024 Market Statistics

Posted on Jan 06, 2025 in Statistics

December 2024 Market Highlights Infographic

Happy New Year! We wish everyone a healthy, happy, and prosperous 2025!

We thought that we would start this newsletter by looking back at the year that was 2024.

REAL ESTATE MARKET TRENDS FOR 2024

Market Dynamics & Opportunities:

December saw increased sales activity in all of the regional real estate boards, including the GVR, FVREB, and VIREBs, indic...

$80K Secondary Suite Loan Program Interest Rate: 2%!

Posted on Jan 06, 2025 in Homeowner Incentives

Increased Loan Limit for Secondary Suites

Launching in early 2025, the Canada Secondary Suite Loan Program will raise its loan cap to $80,000, doubling the previous $40,000 limit. This expansion will make it easier for homeowners to secure low-interest financing for creating secondary suites, including:

Converting basements into rental apartments.
Tra...

November 2024 Market Statistics

Posted on Dec 04, 2024 in Statistics

As the holiday season approaches, the market is showing some interesting dynamics. Traditionally, December sees a slower pace as people focus on holiday plans, family gatherings, and festive events. However, this year has been anything but typical!

October’s sales exceeded the 10-year average, and November kept up the momentum. Now, December is star...

2024 - 2025 Real Estate Outlook for GVR, FVREB, and VIREB

Posted on Nov 06, 2024

Real Estate Market Analysis and Forecast: October 2024

Market Trends Across Metro Vancouver, Fraser Valley, and Vancouver Island

Demand Rebound with Balanced Markets: Across all three regions, October 2024 showed a notable increase in sales, largely driven by recent interest rate cuts from the Bank of Canada. Metro Vancouver saw a 31.9% increase in s...

October 2024 Market Statistics

Posted on Nov 06, 2024 in Statistics

Well, well, well. The political and financial climate has changed pretty radically over last month. Both the Bank of Canada and the US Fed have lowered their base interest rates by 50 points or 0.50% each, citing low inflation and economic growth. Both are expected to continue this downward trend in subsequent meetings.

The expectation of this cut h...

September 2024 Market Statistics

Posted on Oct 04, 2024 in Statistics

Multiboard Real Estate Statistics for GVR, FVREB, and VIREB for September 2024

As we move deeper into the fall, with crisp mornings and shorter days becoming more noticeable, the real estate market remains sluggish, most notably through late summer and early fall. It’s clear that potential buyers without homes to sell first are waiting for anticipated further reductions in mortgage rates. Meanwhile, sellers are facing stiff c...

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