Tag: steady

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Chilliwack and area real estate sees ‘slow and steady’ improvement

Chilliwack and area real estate sees ‘slow and steady’ improvement

New supply holding strong, available inventory just ‘slightly above average levels,’ says CADREB

The Chilliwack real estate market is undergoing “slow and steady” improvements, even if March sales numbers fell a little flat.

The Chilliwack and District Real Estate Board characterized home sales as “subdued but still rising” according to CADREB’s monthly report for March.

The number of homes sold through the MLS System in Chilliwack totalled 266 units in March 2024 – a decrease of 8.9 per cent from March 2023.

“Although sales activity came in below last year’s March reading, we are still seeing signs of a slow and steady improvement on a month-by-month basis in our market,” said Steven Kelly, president of the Chilliwack and District Real Estate Board.

New supply is holding strong, and available inventory is just “slightly above average levels,” Kelly said.

Once demand picks up there will be ample listings to supply those

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Toronto reaches deal with Ottawa to build more housing, inflation holds steady: Canadian real estate news for December 23

Toronto reaches deal with Ottawa to build more housing, inflation holds steady: Canadian real estate news for December 23
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Canada’s Prime Minister Justin Trudeau makes a housing announcement with Toronto Mayor Olivia Chow and Canada’s Deputy Prime Minister and Minister of Finance Chrystia Freeland at a press event in Toronto, on Dec. 21.CARLOS OSORIO/Reuters

Here are The Globe and Mail’s top housing and real estate stories this week, with the lowest mortgage rates available in Canada today, commentary from our mortgage expert and one home worth a look.

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Toronto reaches $471-million housing deal with Ottawa to build 53,000 units in the next decade

In an announcement in Toronto this week, Prime Minister Justin Trudeau said the $471-million deal will produce 12,000 homes in the first three years – the largest agreement yet through the federal Housing Accelerator Fund, writes Oliver Moore and Jeff Gray. One-quarter of the money will flow immediately, with the rest disbursed

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Prices hold steady as recreational real estate sales slow

Prices hold steady as recreational real estate sales slow

Foreign-buyer ban, new short-term rental regulations and high interest rates slash B.C. vacation property sales by up to 50 per cent

B.C. recreational property sales continue to come off their pandemic-era highs, but rising interest rates are just one of several factors at play as the market seeks balance.

“There was a real frenzy in the pandemic years. It created a lot of froth in the market,” said Christopher Alexander, president of Re/Max Canada. “It’s really getting back to normal.”

The good news is that prices are holding steady even as sales continued to slide this year, underscoring the limited impact of rising interest rates.

“Sales are down pretty aggressively, but prices have stayed in pretty decent shape,” he said.

Within Western Canada, ski hill visitation is stabilizing as international tourists return but real estate sales at B.C. resorts such as Whistler, Big White in the Okanagan and Mount Washington

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Spring sales hold steady in Fraser Valley real estate market

Spring sales hold steady in Fraser Valley real estate market

Published May 02, 2023  •  2 minute read

Despite persistent inventory shortfalls, housing sales in the Fraser Valley remained steady in April as buyers took advantage of the continued pause in interest rate hikes.
Despite persistent inventory shortfalls, housing sales in the Fraser Valley remained steady in April as buyers took advantage of the continued pause in interest rate hikes. GNW

SURREY, British Columbia, May 02, 2023 (GLOBE NEWSWIRE) — Despite persistent inventory shortfalls, housing sales in the Fraser Valley remained steady in April as buyers took advantage of the continued pause in interest rate hikes.

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Houston Foreclosures Are Convalescing Swift And Steady

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