News: Vancouver Real Estate Market

July's residential housing sales in Metro Vancouver* reached their lowest levels for that month since the year 2000.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,070 in July 2018, a 30.1 per cent decrease from the 2,960 sales recorded in July 2017, and a decrease of 14.6 per cent compared to June 2018 when 2,425 homes sold.


Last month's sales were 29.3 per cent below the 10-year July sales average. "With fewer buyers active in...

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VANCOUVER, BC – June 4, 2018 – Home buyer demand continues to decline across the Metro Vancouver* housing market.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,833 in May 2018, a 35.1 per cent decrease from the 4,364 sales recorded in May 2017, and a 9.8 per cent increase compared to April 2018 when 2,579 homes sold.

 

Last month’s sales were 19.3 per cent below the 10-year May sales average....

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VANCOUVER, BC – January 3, 2018 – After reaching record levels in 2015 and 2016, Metro Vancouver* home sales returned to more historically normal levels in 2017. Home listings, on the other hand, came in several thousand units below typical activity.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment properties reached 35,993 on the Multiple Listing Service® (MLS® ) in 2017, a 9.9 per cent decrease from the 39,943...

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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...

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