News: Vancouver Real Estate Market
Posted in: 7225 Acorn Avenue Burnaby , Burnaby Condo for Sale , Burnaby Royal LePage , Condo for Sale
Posted in: Greater Vancouver , Home Price Index , Housing Forecast , Metro Vancouver , Real Estate Board of Greater Vancouver , Royal LePage
Greater Vancouver Home Price Appreciation Dips to Single-Digit Gains in Second Quarter of 2017
Low inventory coupled with an uptick in buyers maintain the region's seller's market
VANCOUVER, July 13, 2017 – According to the Royal LePage House Price Survey1 and Market Survey Forecast released today, the aggregate price of a home in Greater Vancouver rose 2.6 per cent year-over-year to an aggregate 2 price of $1,181,309 – a marked slowdown from the double-digit year-over-year home...
Posted in: BCREA , Greater Vancouver , Greater Vancouver Real Estate , Home Price Index , Home Price Index , Metro Vancouver
Vancouver, BC – July 13, 2017. The British Columbia Real Estate Association (BCREA) reports that a total of 11,671 residential unit sales were recorded by the Multiple Listing Service® (MLS® ) in June, down 9.6 per cent from the same period last year. Total sales dollar volume was $8.47 billion, down 5.6 per cent from June 2016. The average MLS® residential price in the province was $725,778, a 4.4 per cent increase from the same period last year.
Posted in: Greater Vancouver , Housing Forecast , Metro Vancouver , Real Estate Board of Greater Vancouver , REBGV
VANCOUVER, BC – July 5, 2017 – The imbalance between supply and demand in the condominium market is creating home buyer competition across Metro Vancouver*.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,893 in June 2017, an 11.5 per cent decrease from the 4,400 sales recorded in June 2016, an all-time record, and a decrease of 10.8 per cent compared to May 2017 when 4,364 homes sold.