Real Estate
BusinessThe Canadian PressGreater Vancouver home sales rise as inventory reaches levels not seen since pandemic
VANCOUVER — Greater Vancouver's real estate board says the number of homes that changed hands in April rose 3.3 per cent from the previous year, but total sales were still well below the 10-year average for the month. Greater Vancouver Realtors says there were 2,831 home sales in the region last month, compared with 2,741 sales recorded in April 2023. That came as the number of Metro Vancouver homes listed for sale rose 42.1 per cent year-over-year to 12,491, which is 16.7 per cent above the 10-
BusinessThe Canadian PressCalgary home sales jump in April being driven by lower-priced houses: board
CALGARY — The Calgary Real Estate Board says April home sales were up 7.3 per cent from last year, driven by growth in the number of relatively more affordable, higher-density properties changing hands. The board says 2,881 units were sold last month, while the benchmark price across all home types was $603,700 for April — up 9.9 per cent from a year earlier and one per cent from March. New listings rose 11.5 per cent year-over-year to 3,491 and there were 2,711 units in inventory, 16.2 per cent
BusinessBloombergHomebuyers Shun New Real Estate in Vancouver, Hurting Builders
(Bloomberg) -- Politicians are desperate for developers in Vancouver to build more homes to alleviate pressure in one of the continent’s most expensive real estate markets. There’s just one problem — not enough buyers are showing up.Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldHuawei’s New Phone Runs Latest Version of Made-in-China ChipPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingUS Economy Slows and Inflation Jumps, Damping Soft-Landing
