Emily Vu, Personal Real Estate Corporation

Sustainable Happiness, Sustainable Return


BCREA forecasts a rebound in the BC housing market for the first quarter of 2024.
  • Projected MLS® residential sales are expected to increase by 7.8% to 78,775 units in 2024.
  • Further strengthening is anticipated in 2025, reaching 86,475 units.
  • The recent decline in fixed mortgage rates and potential Bank of Canada rate cuts contribute to an optimistic outlook for 2024.
  • Chief Economist Brendon Ogmundson foresees a delicate balance between rising sales and normalizing inventories, resulting in a relatively quiet year for prices.
  • Expectation that the Bank of Canada will lower its...

Canada’s international student cap is here. How will it work?

The Canadian government, led by Immigration Minister Marc Miller, has implemented a national cap on international student intake, aiming to reduce it by 35% over the next two years. Miller stated that these measures are temporary and will be in place for two years to maintain a sustainable level of temporary residence in Canada. The national application intake cap for 2024 is expected to result in approximately 364,000 approved study permits, a 35% decrease from 2023.

The cap will not apply to gr...


Gasoline prices help drive inflation up to 3.4%
On January 16, 2024, Statistics Canada reported that Canada's annual inflation rate surged to 3.4 percent in December. This follows a period of stability in October and November, where inflation remained at 3.1 percent compared to the previous year. According to StatsCan, the increase in December was primarily driven by higher prices in gasoline, air travel, passenger vehicles, and rent.
Additionally, food prices at stores experienced a 4.7 percent increase compared to the previous year, aligning...

Housing market faces 'turning point' with Bank of Canada rate cuts this year

The economic landscape has been shaped by caution and shifting expectations throughout the past year, largely influenced by the impact of rising borrowing costs. Economists are now eyeing the Canadian housing market, anticipating potential changes in 2024.

The key focus is on the belief that the Canadian housing market could be in for a rebound. This outlook hinges significantly on forecasts suggesting that the Bank of Canada might initiate a reduction in its key interest rate, currently standing...

Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), 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 GVR, 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 GVR, the FVREB or the CADREB.