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Why the struggling housing market finally bounced back

Video vocabulary

chief

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US / tʃi:f /

UK / tʃif /

A2
  • adjecitve
  • The one highest in authority or importance
  • noun
  • Leader of a race or group of people
  • The one highest in authority or importance

housing

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US / ˈhaʊzɪŋ /

UK / ˈhaʊzɪŋ /

A2
  • noun
  • Homes; houses in general
  • Cover for a machine
  • verb
  • To give someone a place to live
  • To contain or store something

new

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US / nju: /

UK / nu, nju /

A1
  • adjecitve
  • Not old, recently born, built or made
  • Being or doing something for the first time
  • Not felt, seen or known previously
  • Having been recently bought or obtained

small

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US / smɔ:l /

UK / smɔl /

A1
  • adjecitve
  • Little in size; not big
  • (Of letters) not written in capital letters
  • Being insignificant or minor
  • (Of a business) with few people or things; local
  • (Of voice) being soft and quiet
  • (Of a child) being young

supply

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US / sə'plaɪ /

UK / səˈplaɪ /

A2
  • noun
  • Availability of products and services for use
  • Specific things needed to perform a certain task
  • verb
  • To give or sell goods to others for their use

area

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US / 'eərɪə /

UK / ˈɛriə /

A1
  • noun
  • Amount of measured space
  • A specific section or space; part of a region
  • A subject or field of study

concern

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US / kənˈsɜ:n /

UK / kənˈsɚn /

A2
  • noun
  • Company, firm or business
  • Feeling of worry or anxiety
  • verb
  • To be about a particular topic
  • To have a direct impact on someone
  • To be responsible or mixed up in; to be involved
  • To feel worry or anxiety

market

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US / ˈmɑ:kɪt /

UK / ˈmɑ:rkɪt /

A1
  • noun
  • Need or demand for a particular product or service
  • Area or region where a certain product is sold
  • Public event where people sell goods on tables
  • Institution where stocks are bought and sold
  • verb
  • To publicize products to get you to buy; advertise

plus

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US / plʌs /

UK / plʌs /

A2
  • noun
  • A benefit or advantage
  • preposition
  • In addition; add
  • In addition to; Indicates a number above
  • Having a value greater than zero

sean

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US / ʃɔ:n /

UK / ʃɔ:n /

A1

after

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US / 'ɑ:ftə(r) /

UK / ˈæftɚ /

A1
  • adverb
  • Later than another time, or behind something
  • conjunction
  • Following something before
  • preposition
  • When an event happened or time has passed

appear

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US / ə'pɪə(r) /

UK / əˈpɪr /

A1
  • verb
  • To be seen, become visible; come into sight
  • To seem to be
  • To act in a play, movie, or be mentioned in media

will

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US / wɪl /

UK / wɪl /

A1
  • noun
  • Desire or choice of someone
  • Document saying who gets your money when you die
  • Strong desire to do something; determination
  • Desire to do something; strong wish to do
  • other
  • Used with verbs to express the future
  • verb
  • To leave property to someone after your death
  • To use mental effort to make something happen
  • Am (is, are) likely to do
  • To influence someone to do something
  • To make something happen by strongly wanting it

sell

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US / sel /

UK / sɛl /

A1
  • verb
  • To exchange something for money
  • To persuade people to do, like or agree

probably

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US / ˈprɒbəbli /

UK / ˈprɑbəbli /

A1
  • adverb
  • That is likely to happen or be true

wait

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US / weɪt /

UK / wet /

A1
  • verb
  • To delay or not do something until later
  • To spend time until an expected thing happens
  • To remain in a place until a thing happens

worried

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US / ˈwʌrid /

UK / ˈwɜ:rid /

A1
  • adjecitve
  • Feeling troubled or concerned
  • verb
  • To cause concern or trouble over something
  • To feel concerned or troubled about something

not

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US / nɒt /

UK / nɑt /

A1
  • adverb
  • Word indicating the negative
  • (Used to form the negative of verbs)

our

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US / 'aʊə(r) /

UK / aʊr /

A1
  • determiner
  • Belonging to us

slump

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US / slʌmp /

UK / slʌmp /

B1
  • noun
  • Time when an economy becomes less successful
  • verb
  • To sit, lean or fall down because tired or ill
  • Sudden reduction in prices, profits or amounts
  • To decline suddenly by a large amount

surge

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US / sɜ:dʒ /

UK / sɜ:rdʒ /

B2
  • noun
  • Sudden movement in one direction by many
  • Sudden or unexpected increase in amount
  • Unexpected increase or movement, as in sea/prices
  • verb
  • To move unexpectedly and quickly in one direction
  • To rise to an unexpected height

march

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US / mɑ:tʃ /

UK / mɑ:rtʃ /

A1
  • noun
  • Walk by a group of soldiers who walk in time
  • 3rd month of the year
  • Music played for soldiers to walk in time to
  • Progress towards a future time or place
  • Public walk by a group to demand change
  • verb
  • To force someone to walk somewhere
  • (Soldiers) to walk in time with others
  • To walk as a group to demand some kind of change
  • To walk somewhere quickly often in an angry manner

now

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US / naʊ /

UK / naʊ /

A1
  • adverb
  • At the present time or moment
  • Right away or in the next possible moment
  • Used to refer to something that just happened
  • Time between the present and a moment in the past
  • conjunction
  • Resulting from or because of something

recovery

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US / rɪˈkʌvəri /

UK / rɪˈkʌvəri /

A2
  • noun
  • Process of returning to a former (good) state
  • Act of getting back something that was lost

bureau

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US / 'bjʊərəʊ /

UK / ˈbjʊro /

B1
  • noun
  • Administrative unit of government

vancouver

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US / vænˈkuːvə(r) /

UK / vænˈkuːvər /

A1
  • proper noun
  • A city and port in British Columbia, in southwestern Canada, on the mainland opposite Vancouver Isla
  • An industrial port city in southwestern Washington, on the Columbia River, north of Portland in Oreg

but

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US / bət /

UK / bʌt,bət /

A1
  • conjunction
  • Used before you say something different, opposite

good

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US / ɡʊd /

UK / ɡʊd /

A1
  • adjecitve
  • Proper, appropriate or right
  • (Of an amount) enough; plenty
  • Excellent; high quality
  • Acting well or properly; of moral character
  • In a positive or happy emotional state
  • noun
  • Advantage or benefit

melanie

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US / ˈmɛləni /

UK / ˈmɛləni /

A1

metro

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US / ˈmetrəʊ /

UK / ˈmetroʊ /

B2
  • noun
  • Underground railway or subway

can

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US / kæn /

UK / kən,kæn /

A1
  • noun
  • A metal container for storing food
  • other
  • Able to; have the skill to; have the time to
  • verb
  • To have permission to
  • To be possible to do
  • To preserve food by sealing it in a metal container

canadian

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US / kəˈneɪdiən /

UK / kəˈnediən /

A1
  • adjecitve
  • Concerning the culture and people of Canada
  • noun
  • Person from Canada

burnaby

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US / bɜ:'mi:z /

UK / bɚˈmiz, -ˈmis /

A1

war

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US / wɔ:(r) /

UK / wɔr /

A2
  • noun
  • Situation where armies fight each other

step

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US / step /

UK / stɛp /

A1
  • noun
  • Movement done as part of a particular dance
  • Distance covered by one movement of a leg; stride
  • One part or stage in a process
  • Sound made by the feet while walking; footstep
  • Flat horizontal piece that forms stairs
  • verb
  • To raise and moving the foot to put it down

roughly

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US / ˈrʌfli /

UK / ˈrʌflɪ /

B1
  • adverb
  • Approximately; (of numbers) about; around
  • In a manner that is violent or not careful
  • In an inexact, imprecise or violent way
  • In a basic, simple manner

corporation

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US / ˌkɔ:pəˈreɪʃn /

UK / ˌkɔːrpəˈreɪʃn /

A2
  • noun
  • Big company or a combination of several companies

lack

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US / læk /

UK / læk /

A2
  • noun
  • The state of not having or not having enough of
  • A shortage of something
  • verb
  • To not have, or not have enough, of something

place

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US / pleɪs /

UK / ples /

A1
  • noun
  • Particular location, area or region
  • verb
  • To put someone in a particular type of situation
  • To put something in a certain location or position

number

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US / ˈnʌmbə(r) /

UK / ˈnʌmbɚ /

A1
  • noun
  • Symbols such as 1, 2, 56, 793
  • Particular song or dance performed during a show
  • Total quantity or amount of things
  • verb
  • To put numbers on things
  • To assign a sequence within a group, series, set
  • To claim to be part of a larger group, series, set

enough

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US / ɪˈnʌf /

UK / ɪˈnʌf /

A1
  • adjecitve
  • Sufficient to answer the need
  • adverb
  • To a satisfactory degree
  • pronoun
  • Equal to what is needed; as much as required
  • Adequate number or amount

find

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US / faɪnd /

UK / faɪnd /

A1
  • noun
  • Object discovered by chance
  • Things that have been discovered from searching
  • verb
  • To become aware of something that is happening
  • To discover or meet by chance
  • To decide if someone is guilty of a crime, or not
  • To learn through study, research, or effort
  • To discover something by looking for it

mean

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US / mi:n /

UK / min /

A1
  • adjecitve
  • Being good at
  • Nasty; unkind
  • Not liking to spend money; cheap; stingy
  • noun
  • Average of a set of numbers
  • verb
  • To express a particular idea or thought
  • To intend to do something in particular
  • To have a particular meaning or value

offer

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US / 'ɒfə(r) /

UK / ˈɔfɚ, ˈɑfɚ /

A1
  • noun
  • Price you say you are willing to pay for something
  • Act of making a thing available to be accepted
  • verb
  • To suggest a price you are willing to pay
  • To give the opportunity to accept something
  • To say you are willing to do something
  • To give or say something as an act of worship

eye

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US / aɪ /

UK / aɪ /

A1
  • noun
  • The part of the body that you see with
  • The skill to see the good and bad parts of a thing
  • Hole at the end of a needle
  • verb
  • To watch or study something closely

even

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US / 'i:vn /

UK / ˈivən /

A1
  • adjecitve
  • Being equal in influence, power, possibility etc.
  • Being divided equally or fairly
  • (Of teams/contest) with similar chances of success
  • Smooth, level, or regular
  • Can be divided by 2; ending in 2, 4, 6, 8, or 0
  • At a regular, equally steady manner
  • Remaining steady and unchanging
  • adverb
  • (When this is surprising) as well; too
  • (Used to compare two things/stress the difference)
  • verb
  • To make something level; to flatten
  • To make something equal

impact

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US / 'ɪmpækt /

UK / ˈɪmˌpækt /

A2
  • noun
  • A striking effect or result to hit with force
  • Very strong influence
  • Act or force of one thing hitting something else
  • verb
  • To hit or strike someone or something with force

that

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US / ðæt /

UK / ðæt, ðət /

A1
  • adjecitve
  • The person or thing being talked about
  • Used to identify something both the speakers know
  • adverb
  • Used to reinforce adjectives and adverbs
  • To such a degree
  • conjunction
  • Used to connect a noun clause
  • Used to introduce an adverbial clause
  • Used to introduce a noun clause
  • determiner
  • Used as a noun to refer to something
  • pronoun
  • Referring an object far away
  • Used to refer to the relative pronoun ‘which’

toronto

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US / tə'rɒntəʊ /

UK / tə'rɑnto /

A1
  • proper noun
  • A city in Canada, capital of Ontario, on the northern shore of Lake Ontario; population 2,503,281 (2

jump

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US / dʒʌmp /

UK / dʒʌmp /

A1
  • noun
  • Large sudden increase
  • An act of springing into the air
  • Bar or other thing that is jumped over
  • A sudden movement due to surprise
  • verb
  • To attack someone suddenly
  • To push your body into the air with your legs
  • To suddenly decide to do something
  • To make a sudden movement due to surprise

real

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US / rɪəl /

UK / ˈriəl, ril /

A1
  • adjecitve
  • Actually existing or happening, not imagined
  • Being important or special

come

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US / kʌm /

UK / kʌm /

A1
  • verb
  • To arrive at a place
  • (Of mail) to be delivered
  • To move toward someone; go with someone
  • To reach a certain point or state

and

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US / ənd /

UK / ənd, ən,ænd /

A1
  • conjunction
  • Used to refer to two or more things
  • Plus; in addition; on top of that
  • Used to introduce an action that follows another

estate

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US / ɪˈsteɪt /

UK / ɪˈstet /

A2
  • noun
  • A large piece of land, usually with a large house
  • Group of houses all built at the same time

back

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US / bæk /

UK / bæk /

A1
  • adjecitve
  • Farthest from the front e.g. in a classroom
  • adverb
  • Have returned to a place you were before
  • noun
  • The part of a chair that the upper body leans upon
  • Location at the rear of something
  • The reverse of side something
  • Area on the rear of your body
  • verb
  • To bet money on something
  • To go backwards in a car
  • To support and encourage someone or some cause

hike

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US / haɪk /

UK / haɪk /

B1
  • noun
  • Large and unexpected increase in price, level etc.
  • A long walk in mountains, etc. for exercise
  • Long walk, often in a rural area, for exercise
  • verb
  • To make a large and unexpected increase in a price
  • To take a long walk in mountains etc. for exercise

lot

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US / lɒt /

UK / lɑt /

A1
  • noun
  • What happens to a person in life from chance; fate
  • A group of people seen together
  • Item for sale at an auction
  • Small area of land used for a purpose e.g. parking

far

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US / fɑ:(r) /

UK / fɑr /

A1
  • adjecitve
  • A long way away
  • Being a long way away
  • adverb
  • To a large degree or extent

couple

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US / 'kʌpl /

UK / ˈkʌpəl /

A2
  • noun
  • Two people in a romantic relationship
  • Two of something; two people; a pair
  • verb
  • To join something to something else
  • (Two animals) to engage in sexual relations
  • To put two people or things together

february

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US / ˈfebruəri /

UK / ˈfebrueri /

A1
  • noun
  • 2nd month of the year

spring

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US / sprɪŋ /

UK / sprɪŋ /

A1
  • noun
  • Coil of metal that lessens impact, e.g. on cars
  • Sudden jump from one place to another
  • The time when plants start growing after winter
  • Place where water flows from beneath the ground
  • verb
  • To lessen the impact of something under pressure
  • To jump into the air

from

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US / frəm /

UK / frʌm, frɑm,frəm /

A1
  • preposition
  • Starting at a particular place, time or level

manny

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US / ˈmæni /

UK / /

A1
  • noun
  • A male nanny.

national

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US / 'næʃnəl /

UK / ˈnæʃənəl, ˈnæʃnəl /

A2
  • adjecitve
  • Concerning a nation as a whole
  • noun
  • A person of a particular country

out

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US / aʊt /

UK / aʊt /

A1
  • adverb
  • No longer stylish (e.g. fashion)
  • Away from home, business, or the usual place
  • In a direction/movement away from inside or center
  • noun
  • Act when a batter cannot continue playing
  • verb
  • To tell people a secret

early

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US / ˈɜ:li /

UK / ˈɜ:rli /

A1
  • adjecitve
  • Happening or appearing before
  • adverb
  • Coming/happening before others in a time sequence
  • Happening sooner than expected

construction

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US / kən'strʌkʃn /

UK / kənˈstrʌkʃən /

A2
  • noun
  • Act of building something; thing that is built
  • Something that is made using different parts
  • The way words are organized in a sentence
  • The way something is made or structured

economist

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US / ɪˈkɒnəmɪst /

UK / ɪˈkɑ:nəmɪst /

A2
  • noun
  • A person who studies economics

have

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US / həv /

UK / hæv /

A1
  • verb
  • To drink, smoke, eat or use something
  • To experience the effects of something
  • To organize an event, or join in an activity
  • To own, possess, or hold something
  • To cause to happen or produce a particular effect

last

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US / lɑ:st /

UK / læst /

A1
  • adjecitve
  • Most recent; the latest
  • The one before
  • adverb
  • Final; with nothing following; after all others
  • Most recent; the latest
  • determiner
  • The one at the end
  • verb
  • To remain or continue for a certain period of time

increase

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US / ɪn'kri:s /

UK / ɪnˈkris /

A1
  • noun
  • Fact of increasing; amount something grows by
  • verb
  • To make or become larger in size or amount

analyst

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US / ˈænəlɪst /

UK / ˈænəlɪst /

B1
  • noun
  • Someone who is skilled at studying details of data

percent

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US / pə'sent /

UK / pɚˈsɛnt /

A2
  • adverb
  • One one-hundredth of a whole; the symbol %

with

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US / wɪð /

UK / wɪð, wɪθ /

A1
  • preposition
  • As an employee of a certain company
  • Against something or someone
  • By using something as a means
  • Due to; because of
  • Including
  • Possessing as a feature
  • Related to
  • (Of the manner/attitude by which you do something)
  • Used to express that people or things are together

see

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US / si: /

UK / si /

A1
  • verb
  • To go on a date with someone
  • To predict whether something is, or will be true
  • To understand what someone says
  • To use your eyes to look at something
  • To visit a place often for sightseeing or pleasure
  • To visit or meet with someone
  • To find out by waiting or looking
  • To watch (a game, movie or TV show)

prospective

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US / prəˈspektɪv /

UK / prəˈspɛktɪv /

B1
  • adjecitve
  • Likely to happen or be something in the future

month

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US / mʌnθ /

UK / mʌnθ /

A1
  • noun
  • One of 12 28-31 day periods in the year

continual

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US / kənˈtɪnjuəl /

UK / kənˈtɪnjuəl /

A2
  • adjecitve
  • Happening all the time; never-ending
  • Happening repeatedly and frequently

interest

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US / 'ɪntrəst /

UK / ˈɪntrɪst, -tərɪst, -ˌtrɛst /

A1
  • noun
  • Best or most advantageous thing for someone
  • Activity or subject one enjoys doing or learning
  • Fee for borrowing money
  • verb
  • To make someone want to know about something
  • To persuade to do, become involved with something

next

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US / nekst /

UK / nɛkst /

A1
  • adverb
  • The one that follows another in time or order
  • At a time or place directly after the present one
  • noun
  • The one that follows after
  • adjecitve
  • Immediately after the previous one
  • First occurrence after the present one

canada

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US / 'kænədə /

UK / ˈkænədə /

A1
  • proper noun
  • A country in northern North America, the second largest country in the world; population 35,900,000

competition

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US / ˌkɒmpəˈtɪʃn /

UK / ˌkɑmpɪˈtɪʃən /

A2
  • noun
  • Fighting against others to win something

know

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US / nəʊ /

UK / noʊ /

A1
  • verb
  • To be familiar with a person or place, thing
  • To feel sure or be convinced about something
  • To discover or be aware of something
  • To be able to distinguish
  • To have knowledge of things

moment

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US / 'məʊmənt /

UK / 'moʊmənt /

A1
  • noun
  • Very short or brief period of time
  • A particular period in time

grow

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US / ɡrəʊ /

UK / ɡro /

A1
  • verb
  • To get bigger and more mature; make plants do this
  • To improve; to develop better skills over time
  • To develop and become bigger or taller over time

mortgage

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US / 'mɔ:ɡɪdʒ /

UK / ˈmɔrɡɪdʒ /

B1
  • noun
  • Long-term loan from a bank for buying property

pause

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US / pɔ:z /

UK / pɔz /

A2
  • noun
  • A temporary break before continuing
  • Function on a device to stop and restart it
  • Sign to hold a musical note a bit longer
  • verb
  • To stop doing for a while before continuing

start

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US / stɑ:t /

UK / stɑrt /

A1
  • noun
  • First time or place that a thing exists; beginning
  • First opportunity to achieve something, e.g. a job
  • Sudden action or movement because you are scared
  • other
  • Beginning of something in place or time
  • verb
  • To do, be or happen for the first time; begin
  • To turn something on

since

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US / sɪns /

UK / sɪns /

A1
  • adverb
  • At a point before the present time
  • conjunction
  • For this reason; because
  • preposition
  • From the time in the past that

bal

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US / ˈbæl /

UK / ˈbæl /

A1
  • noun

climb

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US / klaɪm /

UK / klaɪm /

A1
  • noun
  • A trip up something, e.g. a mountain
  • Increase or a rise toward a higher price or point
  • verb
  • To rise gradually and steadily to a higher point
  • To increase or rise toward a higher price or point

escalate

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US / ˈeskəleɪt /

UK / ˈɛskəˌlet /

B2
  • verb
  • To increase in size, intensity, or scope
  • To become much worse or more severe

per

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US / pə(r) /

UK / pɚ /

A2
  • preposition
  • In the manner directed or suggested
  • For each; during each

sluggish

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US / ˈslʌgɪʃ /

UK / ˈslʌɡɪʃ /

C2
  • adjecitve
  • Slow; moving like a slug

reluctant

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US / rɪˈlʌktənt /

UK / rɪˈlʌktənt /

B1
  • adjecitve
  • Experiencing or expressing unwillingness to do

prompt

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US / prɒmpt /

UK / prɑmpt /

B1
  • adjecitve
  • Fast; in a quick manner; without delay
  • noun
  • Message on a computer requiring attention
  • Encouragement to ask someone else to talk
  • verb
  • To display a message to requires a user to act
  • To say something to encourage someone else to talk
  • To remind an actor of his or her lines (words)
  • To cause something to occur; be the cause of

few

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US / fju: /

UK / fju /

A1
  • pronoun
  • Not many, a small number

bustle

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US / ˈbʌsl /

UK / ˈbʌsəl /

B2
  • verb
  • To move energetically or busily

news

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US / nju:z /

UK / nu:z /

A1
  • noun
  • Broadcast on radio or TV about recent events
  • Information about recent events

seller

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US / 'selə(r) /

UK / ˈsɛlɚ /

A2
  • noun
  • Person or group who sells something

struggle

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US / 'strʌɡl /

UK / ˈstrʌɡəl /

A2
  • noun
  • Strong efforts made to do something difficult
  • verb
  • To try very hard to do something difficult

anywhere

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US / ˈeniweə(r) /

UK / ˈeniwer /

A1
  • adverb
  • To any extent or degree (often used with not)
  • In, at or to any place
  • other
  • Use to indicate limits or variation

association

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US / əˌsəʊʃɪ'eɪʃn /

UK / əˌsoʊʃi'eɪʃn /

B1
  • noun
  • Organization of people with the same interest

those

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US / ðəʊz /

UK / ðoz /

A1
  • determiner
  • The people or things we are talking about
  • pronoun
  • The objects far from the speaker

escalation

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US / ˌeskə'leɪʃn /

UK / ˌeskə'leɪʃn /

B2
  • noun
  • An increase in severity

for

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US / fə(r) /

UK / fɔr,fə /

A1
  • preposition
  • Used to show the purpose, or need of something

just

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US / dʒʌst /

UK / dʒʌst /

A1
  • adjecitve
  • Proper or appropriate; as is deserved
  • Doing or being what is right or fair
  • Legally correct; having enough evidence
  • adverb
  • Almost; nearly
  • Exactly at the time of
  • Exactly (the same as, like)

home

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US / həʊm /

UK / hom /

A1
  • adjecitve
  • A sports team's own field or place of play
  • adverb
  • Into the correct or intended position
  • noun
  • House, apartment or building to be rented or sold
  • Institution for sick or elderly people
  • Place where a person or a family lives
  • Country where a person lives or was born
  • Region that is native to peoples, plant or animals
  • verb
  • To move towards a particular target location

report

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US / rɪ'pɔ:t /

UK / rɪˈpɔrt, ˈport /

A1
  • noun
  • Account of the necessary facts and information
  • The telling of news in the media
  • Official statement about something
  • verb
  • To submit a report or bill to the government
  • To write in a newspaper or speak on a news program
  • To state something officially
  • To officially present yourself to an authority
  • To describe something by telling it to others

sale

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US / seɪl /

UK / sel /

A2
  • noun
  • Event during which the prices of goods are reduced
  • Giving something for money; the amount sold

april

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US / ˈeɪprəl /

UK / ˈeɪprəl /

A1
  • noun
  • 4th month of the year
  • Person's name

builder

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US / ˈbɪldə(r) /

UK / ˈbɪldɚ /

A1
  • noun
  • A person who makes buildings

bounce

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US / baʊns /

UK / baʊns /

B1
  • noun
  • A person's energy or confidence
  • Quality causing a person's hair to appear healthy
  • verb
  • To move around energetically, playfully
  • To forcibly remove a person from a bar, nightclub
  • (Of check) to be rejected due to inadequate funds
  • To strike a surface and rapidly change direction
  • To move energetically in an up and down motion

activity

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US / æk'tɪvətɪ /

UK / ækˈtɪvɪti /

A1
  • noun
  • An action or task, e.g. sports, washing clothes

bidding

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US / ˈbɪdɪŋ /

UK / ˈbɪdɪŋ /

A2
  • noun
  • Proposing an amount you want to pay for something
  • verb
  • To propose an amount you want to pay for something
  • To order someone to do something
  • To express words of good wishes to someone leaving

bump

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US / bʌmp /

UK / bʌmp /

B1
  • noun
  • Act or sound of one solid object hitting another
  • Raised area on any smooth surface
  • verb
  • To bounce along over a rough surface
  • To knock against with force or violence
  • To move someone to a different group, time or area

they

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US / ðeɪ /

UK / ðe /

A1
  • pronoun
  • Two or more people, animals, or things

this

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US / ðɪs /

UK / ðɪs /

A1
  • adjecitve
  • Used to indicate something already been discussed
  • Used to indicate something happening around now
  • adverb
  • An indication by a physical motion or gesture
  • A specific amount of
  • determiner
  • Person, thing, or idea near you
  • pronoun
  • Person, thing that has already been discussed

client

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US / 'klaɪənt /

UK / ˈklaɪənt /

A2
  • noun
  • Person paying for professional services

rate

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US / reɪt /

UK / ret /

A1
  • noun
  • Current price or cost of something
  • Speed or frequency of events over time
  • verb
  • To assess something or consider its qualities

the

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US / ðə /

UK / ðə /

A1
  • article
  • Used to refer to something already mentioned
  • Used to show there is only one of something
  • determiner
  • Used to describe all of a family

also

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US / 'ɔ:lsəʊ /

UK / ˈɔlso /

A1
  • adverb
  • In addition; too; in a similar way

january

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US / ˈdʒænjuəri /

UK / ˈdʒænjueri /

A1
  • noun
  • 1st month of the year

year

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US / jə: /

UK / jɪr /

A1
  • noun
  • Unit of time equal to 12 months or 365 or 366 days
  • Used to refer to the age of a person

you

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US / jʊ /

UK / ju /

A1
  • pronoun
  • Person someone is speaking or writing to
  • Person or people in general

price

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US / praɪs /

UK / praɪs /

A1
  • noun
  • Person's name
  • Cost of something in money
  • verb
  • To determine or set the cost of something

bank

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US / bæŋk /

UK / bæŋk /

A1
  • noun
  • A financial institution that keeps or lends money
  • The side of a river
  • A row of things in lines (e.g. computers)
  • verb
  • To put or keep your money in a bank
  • To turn a plane when flying; (of a plane) to turn

average

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US / 'ævərɪdʒ /

UK / ˈævərɪdʒ, ˈævrɪdʒ /

A2
  • adjecitve
  • Typical or normal; usual; ordinary
  • noun
  • Total of numbers divided by the number of items
  • verb
  • To add numbers then divide by the number of items

demand

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US / dɪ'mɑ:nd /

UK / dɪˈmænd /

A2
  • noun
  • Desire customers have to buy product, service
  • A strong request for someone to do something
  • verb
  • To strongly request someone to do something

core

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US / kɔ:(r) /

UK / kɔr, kor /

A2
  • noun
  • Important central part of something
  • verb
  • To take out the central section of a fruit

other

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US / 'ʌðə(r) /

UK / ˈʌðər /

A1
  • adjecitve
  • A thing different from that mentioned
  • determiner
  • (Something) else; not the first (one)
  • pronoun
  • Being the one and only thing of that category

realtor

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US / 'ri:əltə(r) /

UK / 'ri:əltər /

C2
  • noun
  • Person who sells or rents properties
  • other
  • Person who sells or rents properties

than

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US / ðən /

UK / ðən /

A1
  • conjunction
  • Used to compare two things that are not equal
  • Introduction to Video Content
  • Why the struggling housing market finally bounced back
    After months of sluggish sales and slumping prices, Canada's housing market appears to be in recovery mode. The Bank of Canada's decision to pause interest rate hikes has played a significant role in this turnaround. There has been a noticeable increase in buyers, resulting in a surge in national home sales and even bidding wars.
    According to Sean Cathcart, a Canadian real estate association economist, the demand for housing in Canada is expected to remain strong in the foreseeable future. In fact, from March to April of this year, the number of homes sold increased by more than 11 percent.
    Manny Bal, a realtor in Metro Vancouver, has witnessed the revival of bidding wars in the area. Prospective homebuyers, encouraged by the Bank of Canada's actions, have been submitting multiple offers, some properties receiving as many as 20 or more offers. Consequently, housing costs have also experienced a significant climb, with the average Canadian home price now standing at approximately $716,000. This marks an increase of more than $100,000 since January.
    Industry analysts attribute the rising prices to the bustling markets in Vancouver and Toronto. The continued lack of supply also plays a role in driving up prices. While the demand for housing remains high, the limited availability of homes for sale is a major concern for realtors. Some potential sellers are hesitant to put their properties on the market due to uncertainties about finding a new place to live. Additionally, some homeowners are holding off on selling in anticipation of even higher prices.
  • Subtitles section
  • The last year's struggling housing market in Canada appears to be in recovery now that the Bank of Canada has paused interest rate hikes.
  • There is a bump in buyers, a bounce in home prices, even bidding wars as CTV's BC Bureau Chief Melanie Neji reports.
  • After months of sluggish sales and slumping prices Canada's housing market is bouncing back.
  • You won't have trouble selling your home in the next few months.
  • Sean Cathcart, a Canadian real estate association economist says there's been a surge in national home sales.
  • The demand that's out there for housing in Canada we know is going to be as far as the eye can see.
  • From March to April this year the number of homes sold jumped by more than 11 percent.
  • Smaller properties in this area of Burnaby.
  • Manny Bal is a realtor in Metro Vancouver.
  • After the Bank of Canada paused interest rate hikes earlier this year he saw an increase in prospective home buyers.
  • The bidding wars are back.
  • You know we're seeing anywhere from a couple offers per property upwards of 20 plus offers.
  • That means housing costs are also climbing.
  • The average Canadian home price is now roughly $716,000.
  • That's up more than $100,000 since January.
  • We're seeing those price escalations.
  • They probably started in early February and they're just escalating every month.
  • Analysts say prices are being pushed up by bustling markets in Vancouver and Toronto.
  • They also say the continual lack of supply is having an impact.
  • The demand is there but our core concern is the lack of supply.
  • There's just not enough supply.
  • Realtors say some clients are reluctant to sell because they're worried they won't find a new place.
  • Others are said to be waiting for even higher prices.
  • The spring market you know comes with a lot more buyers coming out but we're just not seeing the sellers there at the moment so that's driving a lot of competition.
  • But there's some good news when it comes to supply.
  • The Canada Mortgage and Housing Corporation says builders are stepping up activity prompting new construction to grow by 22 percent.
  • Melanie Neji, CTV News, Vancouver.