News: Vancouver Real Estate Market

New OSFI Stress Test Set to Limit National Home Price Appreciation to 4.9% in 2018

December 13, 2017 

• Impact of new stress test expected to be contained to first half of 2018 for most major markets 
• Still risk of high price appreciation in Greater Toronto Area and Greater Vancouver as chance of market correction fades 
• Compounding policies could have unintended consequences for struggling housing markets

TORONTO, December 13, 2017 – According to the Royal LePage Market...

Vancouver, BC – December 12, 2017. The British Columbia Real Estate Association (BCREA) reports that a total of 7,731 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November, an increase of 20.4 per cent from the same period last year. Total sales dollar volume was $5.59 billion, up 39.1 per cent from November 2016.The average MLS® residential price in the province was $723,112, up 15.5 per cent from November 2016.

"November was the third ...

VANCOUVER, BC – December 4, 2017 – Metro Vancouver saw modest home listing changes and steady demand in November. 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,795 in November 2017, a 26.2 per cent increase from the 2,214 sales recorded in November 2016, and a 7.5 per cent decrease compared to October 2017 when 3,022 homes sold.

Last month’s sales were 17 per cent above the 10-year November sales average....