Page 7 - Steve Saretsky News Today

Article content A look at investment trends across B.C. flags significantly lower housing starts in 2020, even as there has been a COVID-19 boom in home sales and prices rocket-fuelled by banks offering very low interest rate mortgages. The number of housing units that started construction in southwest B.C. fell by 21.7 per cent in 2020 compared to the number in 2019, according to an annual economic outlook report by the Chartered Professional Accountants of B.C. (CPABC) We apologize, but this ...

Article content Metro Vancouver has been defined by its profusion of condos, more than 600,000 of them. With many more under construction. Whether the housing units are in one of the more than 1,300 highrises or countless low-rises spread across the region, the strata units are the forgotten children of Canada’s fevered real-estate market. We apologize, but this video has failed to load. Try refreshing your browser, or Douglas Todd: Condo prices in border-lockdown limbo in Vancouver, Toronto...

Winter is normally a slow season for real estate, but there were more homes sold in the Fraser Valley real estate region last month than any previous January.

Article content Last summer, real estate agents described pent-up demand for detached homes following the pandemic shutdown. They said this trend has been sustained as some buyers who want more space, often because they are now working at home, also have more purchasing power with lower interest rates. Overall, however, they weren’t seeing the dynamics of the boom years of 2015, 2016 and 2017. Now, some of them are starting to sense a boom. “The market is really hot right now and it’s not...

January 11, 2021 | Will Real Estate Boom Continue in 2021? Steve Saretsky Steve Saretsky is a Vancouver residential Realtor and author behind one of Vancouver’s most popular real estate blogs, Vancity Condo Guide. Steve is widely considered a thought leader in the industry with regular appearances on BNN, CBC, CKNW, CTV and as a contributor to BC Business Magazine. Steve provides advisory services to banks, hedge funds, developers, and various types of investors. Why the big demand for Vanc...

December 14, 2020 | Pandemic Real Estate Boom Steve Saretsky Steve Saretsky is a Vancouver residential Realtor and author behind one of Vancouver’s most popular real estate blogs, Vancity Condo Guide. Steve is widely considered a thought leader in the industry with regular appearances on BNN, CBC, CKNW, CTV and as a contributor to BC Business Magazine. Steve provides advisory services to banks, hedge funds, developers, and various types of investors. Few house owners want to sell, even with...