Ontario Mortgage & Real Estate Insights Podcast
We cover the daily developments, trends, and regulatory changes affecting the industry, powered by an AI Steve Hamoen. Get insights sourced from reputable news outlets to help you stay informed and make well-informed decisions.
Uptick in Vancouver home sales last month caps 'pivot year' for market: board - Mortgage Rates & Mortgage Broker News in Canada
In this episode, we begin with an introduction and a sponsor message from Real Approved Inc. We explore the Vancouver housing market trends, highlighting recent sales increases and the influx of new listings. The discussion extends to British Columbia's property assessments and the dynamics influencing the market. Expert insights from Andrew Lis provide a detailed outlook on the 2024 market, offering valuable perspectives on future developments. We wrap up the episode with closing remarks and a sponsor reminder from Real Approved Inc.
Key Points
- Home sales in Vancouver saw a 31.2 percent year-over-year increase in December, although still below the 10-year seasonal average.
- British Columbia's latest property assessments showed relatively flat values, with minor fluctuations within a range of plus or minus three percent in major cities.
- The renewed strength in the Vancouver housing market, driven by lower borrowing costs, positions 2025 to be more active than recent years.
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Transcript
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