News: Vancouver Real Estate Market

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Posted in Greater Vancouver Housing, Greater Vancouver Real Estate Board, Market Updates, real estate sales, Real Estate Stats

 Competition amongst home buyers is putting upward pressure on home prices across Metro Vancouver.

 The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,727 in February 2021, a 73.3% increase from the 2,150 sales recorded in February 2020, and a 56% increase from the 2,389 homes sold in January 2021.

 Last month's sales were 42.8% above the 10-year February sales average.

 "Metro Vancouver's housing market is experiencing...

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Posted in BC Real Estate, Canada Real Estate, first time buyers, Home Owners, Market Data

Royal LePage Survey: Nearly half of Canadians aged 25 to 35 own their home; one quarter of these homeowners have purchased a property since the onset of the COVID-19 pandemic

52% say remote work has increased likelihood of moving further from employer


Highlights:

  • 68% of non-homeowners aged 25 to 35 intend to purchase a home within five years
  • 72% of cohort feels confident in their short-term financial outlook
  • 40% of cohort saw their savings grow since mid-March
  • Royal LePage survey includes national,...
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