TORONTO, March 29, 2018 – According to a Royal LePage advisor survey, which consolidated the views of 535 real estate professionals in British Columbia and Alberta, the implementation of new housing taxes outlined in British Columbia's 2018 budget have the potential to significantly...
News: Vancouver Real Estate Market
Posted in: BC Tax Low , House Demand , Housing Forecast , Housing Market Updates , Metro Vancouver Real Estate , Royal LePage
New tax policies put pressure on Canadians to sell their secondary properties within the province Albertans anticipated to look within their own province and to the United States for secondary properties
Posted in: BCREA , British Columbia Real Estate Board , House Demand , Metro Vancouver Real Estate , Mortgage Rules , Real Estate Market , Real Estate Update
Vancouver, BC – March 14, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 6,206 residential unit sales were recorded by the Multiple Listing Service® (MLS® ) across the province in February, a 5.7 per cent decrease from the same period last year. The average MLS® residential price in BC was $748,327, up 8.8 per cent from the previous year. Total sales dollar volume was $4.64 billion, a 2.6 per cent increase from February 2017.
Posted in: Home Price Index , Homes Supply , House Demand , House for Sale , Houses for Sale in Coquitlam , REBGV
VANCOUVER, BC – April 4, 2017 – A shortage of residential property listings coupled with strong demand, particularly for condos and townhomes, continued to impact Metro Vancouver’s housing market in March.
Residential property sales in the region totalled 3,579 in March 2017, a decrease of 30.8 per cent from the 5,173 sales recorded in record-breaking March 2016 and an increase of 47.6 per cent compared to February 2017 when 2,425 homes sold.
Posted in: coquitlam house , Greater Vancouver Real Estate Board , house demand , housing supply , ranch park , Tri-Cities real estate market , Tri-city news
A combination of high house prices and a drop in listings hasn't quelled the dream of homeownership and the Tri-Cities is seeing an unusually busy winter real estate market.
"It's a supply and demand issue. It's not being driven on the local level in the Tri-Cities by foreign investments or that kind of thing. It's primarily local buyers and sellers and a lot of people that already live in the Tri-Cities," said Darcy McLeod, president of the Real Estate Board of Greater Vancouver.