Monthly sales and new listings in the Fraser Valley continue blistering pace; surge in inventory starting to calm prices

Posted on May 04, 2021

For Immediate Release: May 4, 2021
SURREY, BC – For the eighth consecutive month, Fraser Valley real estate saw record‐breaking sales with April topping the previous monthly high set in 2016. The 2020/2021 pandemic seller’s market in the Fraser Valley has now surpassed the previous longest stretch of seven consecutive, record‐breaking months, last s...

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Supply response emerges in Metro Vancouver’s active housing market

Posted on May 04, 2021

April 2021 Statistics

Home sellers have become increasingly active in Metro Vancouver’s* housing market this spring in response to heightened demand and rising home values that have materialized during the pandemic.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 4,908 in April 2021, a 342...

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Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, adjusts quantitative easing program

Posted on May 04, 2021

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FOR IMMEDIATE RELEASE: April 21, 2021
OTTAWA –The Bank of Canada today held its target for the overnight rate at the effective lower bound of 1⁄4 percent, with the Bank Rate at 1⁄2 percent and the deposit rate at 1⁄4 percent. The Bank continues to provide extraordinary forward guidance on the path for the overnight rate, reinforced and supplemented...

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                       National Statistics

Posted on May 04, 2021

Record home sales in March 2021, new supply increases

Ottawa, ON, April 15, 2021 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales set another all-time record in March 2021 as increased supply became available.

SUMMARY:

  • National home sales rose 5.2% on a month-over-month (m-o-m) basis in March.
  • Actual...

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