News: Vancouver Real Estate Market

Vancouver, BC – February 13, 2015. The British Columbia Real Estate Association (BCREA) reports that a total of 4,377 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in January, up 3.1 per cent from the same month last year. Total sales dollar volume was $2.6 billion, an increase of 8.3 per cent compared to a year ago. The average MLS® residential price in the province rose to $593,155, up 5.0 per cent from the same month last year.

"Last month...

Introducing The Independent, a landmark project that will bring 258 additional homes to the vibrant Mount Pleasant community. The Independent will be a building unlike any other in Vancouver, a focal point of community and an evocative architectural expression as unique as the neighbourhood itself.

1 Bedrooms from $279,900
2 Bedrooms from $389,900
Townhouses in the low $800's
Penthouses up to $1.7M

With 68% of homes under $500K and 15% of homes over 1,000 sq.ft., The Independent at Main has...

The first month of 2015 saw home sale activity above historical norms, while the number of homes listed for sale trended below typical levels.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 1,913 on the Multiple Listing Service® (MLS®) in January 2015. This represents an 8.7 per cent increase compared to the 1,760 sales recorded in January 2014, and a 9.6 per cent decline compared to the 2,116 sales in December...