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January 2018

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Stress tests, foreign buyers and higher rates likely to impact housing market in 2018

Real estate was a major topic in the business world in 2017, and with some big changes on the horizon, the subject is likely to dominate headlines again this year.

Here is CBC News Pete Evans' list of five things to watch in Canadian real estate.
1) Foreign buyers
2) Stress test rules
3) Higher interest rates
4) More data on home sales
5) House prices

 
 

Monthly Local Market Update

How did the year end in your area? Click below to see our monthly infographic images for listings and sales in December.

 

Abbotsford

Bowen Island

Burnaby East

Burnaby North

Burnaby South

Cloverdale

Coquitlam

Kelowna

Ladner

Langley

Maple Ridge

Mission

Nanaimo

New Westminster

North Delta

North Surrey

North Vancouver

Parksville

Pitt Meadows

Port Coquitlam

Port Moody

Richmond

South Surrey/
White Rock

Squamish

Sunshine Coast

Surrey - Central

Tsawwassen

Vancouver - East

Vancouver - West

Victoria

Vernon

West Vancouver

Whistler

Shipping container apartment built in Squamish

One of Squamish’s newest one-bedroom rentals may have started life as an old shipping container, but reborn with airy open windows and modern style, it’s ready to “steel” the show.

One couple's story of adding a prefabricated home to fill rental demand.

 

B.C. Real Estate News

LOWER MAINLAND

Have Vancouver’s policies hindered rental housing more than helped? (The Globe and Mail)

Law firm warns Vancouver buyers they could be on the hook for sellers’ empty homes taxes (Global News)

Maple Ridge homes are worth more this year (Maple Ridge News)

Detached-home sales cool in Fraser Valley as prices hit ‘threshold’ (Business in Vancouver)

VICTORIA & VANCOUVER ISLAND

Property values soar by as much as 35% for parts of Vancouver Island (CTV News)

Buyers rush into real estate to beat mortgage stress test (Times Colonist)

New construction won’t solve Victoria’s housing crunch (Sooke News Mirror)

Parksville-Qualicum home prices skyrocket (Parksville Qualicum Beach News)

OKANAGAN

Penticton’s north end to see highest property tax increases this year (BC Local News)

Central Okanagan the third star in B.C. real estate game (Info News)

 
 

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