News: Vancouver Real Estate Market

Survey Highlights:

• 40% of boomer homeowners have at least half of their net wealth in real estate
• 52% of boomer homeowners would prefer to renovate their current property over moving
• 17% of boomer homeowners currently own more than one property
• 64% of boomer homeowners are mortgage-free
• 25% of boomers say they have or would assist a child financially to buy a home

TORONTO, June 30, 2021 – According to a recent Royal LePage survey of boomers in Canada, defined by StatsCan as having been born...

If you've been looking for a home to buy in Greater Vancouver or really anywhere in British Columbia for that matter, chances are high you’ve seen a home near power lines. Quite often the house you see is one you'll really like and you'll start questioning what affects the transmission lines will have on the property. Do power lines effect property values? Do power lines cause cancer? Are power lines bad for your health? Is it safe to live near power lines? How much do power lines effect home...

The Metro Vancouver housing market saw steady home sale and listing activity in May, a shift back from the record-breaking activity seen in the earlier spring months.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 4,268 in May 2021, a 187.4% increase from the 1,485 sales recorded in May 2020, and a 13% decrease from the 4,908 homes sold in April 2021.

Last month’s sales were 27.7% above the 10-year May sales average.

"While home...