News: Vancouver Real Estate Market

Overall Impression of the Area: Ranch Park is undergoing a transformation. A prime area for infill development. Ranch Park is an established area well known for it's larger lot sizes and spectacular views. Property values tend to be lower than average for the Coquitlam area. As older long-time residents start down sizing into smaller homes, their properties are being acquired by young families. Builders are also seeing the potential and building monster million dollar mansions.

Report Prepared...

   Canadian manufacturing sales began the year on a down note, declining 0.2 per cent in January, the fourth decline in the last five months. However, weakness was not broad based with just 7 of 21 manufacturing sectors posting declining sales. Adjusting for inflation, Canadian manufacturing sales were 0.4 per cent lower.

Sales in the BC manufacturing sector rose 2.1 per cent in January, and were 1.4 per cent higher year-over-year. BC manufacturing growth continues to be lead by a...

   Home sale activity has trended below historical averages for a full year in the Greater Vancouver housing market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 1,797 on the Multiple Listing Service® (MLS®) in February 2013. This represents a 29.4 per cent decrease compared to the 2,545 sales recorded in February 2012, and a 33 per cent increase compared to the 1,351 sales in January 2012.

Last month's...