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  Home buyer demand continues to strengthen in November Home sales registered in the MLS® in the Metro Vancouver1 market rose 28 percent year-over-year in November, building on the momentum of the 30 percent year-over-year increase seen in October. The Greater Vancouver REALTORS® (GVR)2 reports that residential sales in the region totalled 2,181 in November 2024, a 28.1 per cent ...

In its final meeting of 2025, the Bank of Canada cut its key interest rate by 0.50%, the 5th consecutive reduction this year since the cycle of interest rate easing began in June.  This also marks the 2nd “jumbo” cut of 0.50% in a row and brings the total cuts so far to 1.75%.Most economists had expected this cut after Statistics Canada reported the unemployment rate jumped to 6.8% last week, ...

So, the numbers are out, so lets take a look at whats been happening in our home town of Richmond BC for the month of NovemberFor single family homes, it was a benchmark price of 2.11M, which represents a almost a 2% decrease from last yearBoth sales and new listings are also down and likely to be the same inventory going into december.   Sales ratio for homes is at 14%, (balanced market). N ...