News: Vancouver Real Estate Market

Vancouver, BC – December 15, 2016. The British Columbia Real Estate Association (BCREA) reports that 6,419 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November, down 20.1 per cent from the same month last year. Total sales dollar volume was $4.02 billion in November, a decline of 25.2 per cent compared to the previous year. The average MLS® residential price in the province was $625,871, a decline of 6.4 per cent compared to the same...

During its first five days of operation, 45,000 Compass cards were used on the new Evergreen SkyTrain extension, according to early data from TransLink.

“We’ll be studying it more going forward, but it’s off to a pretty good start,” TransLink CEO Kevin Desmond said Thursday after a board of directors meeting, noting the figure is more than the populations of Port Moody, Anmore and Belcarra combined. “A lot of people are trying the system out.”...

VANCOUVER, BC – December 2, 2016 – Home buyer and seller activity remains near historical averages in the Metro Vancouver* housing market.

Residential home sales in the region totalled 2,214 in November 2016, a decrease of 0.9 per cent from the 2,233 sales recorded in October 2016 and a decrease of 37.2 per cent compared to November 2015 when 3,524 homes sold.

Last month’s sales were 7.6 per cent below the 10-year sales average for the month.

“While...