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Canada needs 5.8 million new homes by 2030 to tackle affordability crisis, CMHC warns

Majority of supply gap found in Ontario and British Columbia, agency says The Canada Mortgage and Housing Corp. (CMHC) says 3.5 million more homes need to be built by 2030 to reach affordability. The agency released a report Thursday explaining the need for a different approach to the housing supply ...

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Vancouver Real Estate Market Update, May 2022

Spring ushers in calmer housing market trends in Metro Vancouver After reaching record-setting levels in 2021, home sale activity has returned to more typical seasonal levels in Metro Vancouver this spring due, in large part, to rising interest rates. The Real Estate Board of Greater Vancouver (REBGV) reports that residential ...

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Vancouver Real Estate Market Update, April 2022:

Metro Vancouver home sales return to more traditional levels in April Home buyer demand in Metro Vancouver* returned to more historically typical levels in April. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,232 in April 2022, a 34.1 per cent ...

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Vancouver Real Estate Market Update, March 2022

Calmer than last spring’s record pace, Metro Vancouver home buyer demand remains elevated   While down from last year’s record numbers, home sale activity in Metro Vancouver’s housing market remained elevated in March. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled ...

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Commercial Real Estate Market Update

Heightened sales activity leads a busy 2021 for commercial real estate in the Lower Mainland Sales activity in the Lower Mainland’s commercial real estate market reached the second-highest annual total on record in 2021. There were 2,659 commercial real estate sales in the Lower Mainland in 2021, a 65.3 per ...

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What you need to know as the CRA cracks down on principal residence exemptions

If you sold your principal residence in 2021, you need to report that sale on your 2021 tax return, generally due on May 2, 2022, even if it fully qualifies for the principal residence exemption (PRE). The designation of your principal residence is reported on the second page of Schedule 3 of ...

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Vancouver Real Estate Market Update, February 2022

Listings inch up, demand remains steady and price gains continue in Metro Vancouver’s housing market in February The Metro Vancouver housing market saw steady home sales activity, modest increases in home listings and continued upward trends in pricing in February. The Real Estate Board of Greater Vancouver (REBGV) reports that residential ...

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Vancouver Real Estate market update, January 2022

Low supply keeps upward pressure on home prices across Metro Vancouver’s housing market   The first month of 2022 saw home sales come down from last year’s record-setting pace, while low supply continued to cause home prices to edge higher across Metro Vancouver. The Real Estate Board of Greater Vancouver ...

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Vancouver Real Estate Market update, December 2021:

Metro Vancouver home sales set a record in 2021   Metro Vancouver home sales reached an all-time high in 2021 as housing needs remained a top priority for residents in the second year of the COVID-19 pandemic. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in ...

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Vancouver Real Estate Market Update, November 2021

Home sales activity remains up, listings down across Metro Vancouver’s housing market As we near the end of 2021, home buyer demand remains well in excess of long-term averages and the supply of homes for sale continues to decline across Metro Vancouver’s housing market. The Real Estate Board of Greater Vancouver ...

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