Canadian MLS® Systems posted a double-digit jump in new supply in January 2025 when compared to December 2024. At the same time, sales activity fell off at the end of the month, likely reflecting uncertainty over the potential for a trade war with the United States.

Although sales were down 3.3% month-over-month in January, this was mostly the result of sales trailing off in the last week of the month.

Meanwhile, the number of newly listed homes increased with an 11% jump compared to the final month of 2024. Aside from some of the wild swings seen during the pandemic, this was the largest seasonally adjusted monthly increase in new supply on record going back to the late 1980s.

“The standout trends to begin the year were a big jump in new supply…

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Fraser Valley’s Decade-High Inventory Could Open Doors for Buyers

SURREY, BC – Growing inventory and stable prices could lead to opportunities for buyers in the Fraser Valley market this winter despite uncertain economic conditions.

Newly listed homes jumped 167 per cent from December to January, with 3,432 listed on the Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®). At 7,251 active listings, inventory is at a 10-year seasonal high, 54 per cent above the 10-year average.

While sales remained slow in January, with 818 properties sold (down 18% from December), the combination of stable prices and abundant selection presents potential opportunities for buyers to get back into the market.

Sales-to-Active Listings Ratio

The…

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Home Sellers Off to an Active Start in 2025

VANCOUVER, BC – February 4, 2025 – Homes newly listed on the MLS® in Metro Vancouver rose 46 per cent year-over-year in January, as sellers appear eager to enter the market to start the year.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,552 in January 2025, an 8.8 per cent increase from the 1,427 sales recorded in January 2024. This was 11.3 per cent below the 10-year seasonal average (1,749).

“In the three months preceding January, we’ve watched buyer demand gain momentum, but it appears that momentum is now shifting toward sellers to start the new year,” Andrew Lis, GVR’s director of economics and data analytics said. “Even with this increase in new…

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The Bank of Canada (BoC) reduced the overnight rate by 25 basis points this morning, bringing the policy rate down to 3.0%. The market had anticipated a nearly 98% chance of this 25 basis point reduction, and consensus aligned with this expectation.

The Federal Reserve is also set to announce its rate decision this afternoon, where it is widely expected to maintain the current policy rate. As a result, the gap between the US Federal Funds rate and the BoC’s overnight rate has widened to 150 basis points. This discrepancy is largely attributed to stronger growth and inflation in the US compared to Canada.

Consequently, Canada’s relatively low interest rates have negatively impacted the Canadian dollar, which has fallen to 69.2 cents against the US…

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Property management often feels like balancing multiple spinning plates. Between managing tenants, keeping up with maintenance, and following legal requirements, it’s easy for managers to feel stretched thin. Addressing common challenges directly can make a big difference in how smoothly things run.

Why It’s Important to Solve Recurring Issues

Recurring issues in property management can lead to larger problems if left unaddressed. For example, a small maintenance issue ignored today could turn into an expensive repair tomorrow. When tenants feel unheard or dissatisfied, they may choose not to renew their lease, leading to higher turnover rates and additional costs for finding new renters. Tackling these problems head-on helps streamline operations,…

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North Vancouver is a beautiful mix of stunning nature, lively communities, and great real estate options. With its amazing mountain views, safe neighborhoods, and easy access to both city conveniences and outdoor activities, this area is popular with families, professionals, and investors. Whether you love the family-friendly atmosphere of Edgemont Village, the peaceful waterfront feel of Deep Cove, or the lively vibe of Central Lonsdale, North Vancouver has something for everyone. In this guide, we’ll look at what makes North Vancouver a great place to live and invest, covering its unique neighborhoods, housing trends, and future opportunities.

Why North Vancouver is a Real Estate Treasure

Embracing Nature in North Vancouver

Imagine waking…

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Looking for a new place to call home in Richmond? Whether you're a first-time buyer or looking to upgrade, choosing the right townhouse can feel like a quest for hidden treasure. Let’s dive into what makes Richmond a top choice for homebuyers and break down the must-have features to ensure your search succeeds. From location to community and design, this guide will walk you through everything you need to know.

What Makes Richmond an Attractive Place to Live?

Richmond, British Columbia, offers an enviable mix of urban sophistication and suburban tranquility. Known for its stunning waterfronts, diverse culture, and excellent amenities, Richmond attracts families, professionals, and retirees alike. The city’s proximity to Vancouver is a huge bonus,…

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Looking for the perfect apartment in North Vancouver? With its stunning views, vibrant communities, and endless amenities, it's no wonder people are drawn to this area. But buying an apartment is a big decision, so it’s essential to be prepared. This guide will walk you through a detailed checklist to ensure you make an informed choice.

What to Know About North Vancouver

North Vancouver is renowned for its breathtaking natural beauty, nestled between the mountains and the ocean. From the family-friendly neighborhood of Lynn Valley to the bustling streets of Lower Lonsdale, each area has its unique vibe. Proximity to attractions like Grouse Mountain and Capilano Suspension Bridge makes it an outdoor lover's paradise. Schools, restaurants, and…

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Vancouver, BC – January 13, 2025. The British Columbia Real Estate Association (BCREA) reports that 4,484 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in December 2024, up 24.7 per cent from December 2023. The average MLS® residential price in BC in December 2024 was up 5.6 per cent at $1,013,556 compared to $960,057 in December 2023.

The total sales dollar volume was $4.5 billion, a 31.7 per cent increase from the same time the previous year. BC MLS® unit sales were 15 per cent lower than the ten-year December average.

“Home sales closed the year on a much stronger note than in 2023,” said BCREA Chief Economist Brendon Ogmundson. “A stronger finish to 2024 pushed home sales just above last year’s total,…

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Stronger-Than-Expected Jobs Report in December

Today’s Labour Force Survey for December was much stronger than expected, as many thought the Canada Post strike would have a larger impact. Employment rose by 90,900 net new jobs last month, and the employment rate—the proportion of the population aged 15 and older who are employed—increased by 0.2 percentage points to 60.8%. The jobless rate declined a tick to 6.7%.

Industry-Specific Employment Gains

Employment gains in December were led by:

  • Educational services (+17,000; +1.1%)
  • Transportation and warehousing (+17,000; +1.6%)
  • Finance, insurance, real estate, rental and leasing (+16,000; +1.1%)
  • Health care and social assistance (+16,000; +0.5%)

Regional Employment…

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