Posted on
September 2, 2020
by
Moe Pourtaghi
The Canadian Mortgage and Housing Corporation (CMHC) has implemented new underwriting criteria (eligibility requirements) to apply for homeowner transactional and portfolio mortgage insurance. Introduced earlier this summer, these new adjustments from CMHC come as a precaution while the COVID-19 pandemic continues to impact consumers in the real estate market and many other aspects...
Posted on
August 27, 2020
by
Moe Pourtaghi
The BCREA Economics team has created the COVID-19 Reopening Dashboard to help REALTORS® monitor the evolution of the BC economy as the province gradually reopens. This dashboard focuses on the sectors and activities that have been most significantly impacted by the pandemic and the province's subsequent state of emergency.
To monitor the province's progress toward a "new normal," we benchmark...
Posted on
May 8, 2020
by
Moe Pourtaghi
Not surprisingly, the COVID-19 pandemic had a devastating impact on the number of transactions in the Metro Vancouver housing market.
This morning, the Real Estate Board of Greater Vancouver announced a 56.1 percent decline in sales in April compared to the previous month.
The April sales were a whopping 62.7 percent below the 10-year average for that month and the lowest since the deep recession of...
Posted on
May 7, 2020
by
Moe Pourtaghi
Sure, you can afford your home now, but what if mortgage rates go up?
Low interest rates and mortgages have been a fact of life in Canada for some time now. At the time of publication, the 5-year average mortgage rate has hovered around 5% for nearly a decade. This is a far cry from late 1981 when mortgage rates were as much as 21%.
New mortgage rules
In 2017, the Office of the Superintendent of Financial...
Posted on
March 18, 2020
by
Moe Pourtaghi
For free Real Estate Advice please call/text me at (604) 537-9791
Summary Findings:
- While it’s unknown how the unfolding COVID-19 outbreak will impact the economy in the long-term, BC is facing a sudden stop in economic activity with little guidance to when things may return to normal.
- Based on our scenario analysis, BC home sales and prices will likely face declines in the spring...
Posted on
March 22, 2019
by
Moe Pourtaghi
The commercial real estate market in the Lower Mainland saw fewer sales and lower dollar volumes in 2018 compared to recent years.
There were 2,266 commercial real estate sales in the Lower Mainland in 2018, a 13.6 per cent decrease from 2,624 sales in 2017, according to data from Commercial Edge, a commercial real estate system operated by the Real Estate Board of Greater Vancouver (REBGV).
The total...
Posted on
March 3, 2019
by
Moe Pourtaghi
Housing Starts
The annual pace of housing starts – new housing construction projects – slowed, according to Canada Mortgage and Housing Corporation (CMHC), but dropped less than what was expected for the beginning of the year.
It’s too early to say where the Canadian housing market is heading. But we can start tracking its direction by looking at some significant January figures.
...
Posted on
February 19, 2019
by
Moe Pourtaghi
Luxury condo previously listed at $17.3 million was just put back on the market for $12,995,000
View full listing details here.
The penthouse of this iconic co-op building right on the beach of Vancouver's English Bay features 2,740-square-foot, two-bedroom-plus-den home was originally listed at a jaw-dropping $17.3 million in October 2018, ranking in as Vancouver's second...
Posted on
January 30, 2019
by
Moe Pourtaghi
Residential property sales in Metro Vancouver
Home listings continue to increase across all housing categories in the Metro Vancouver* housing market while home buyer activity remains below historical averages.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales...

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.