News: Vancouver Real Estate Market
Posted on
December 12, 2019
by
David Reimers
Posted in:
BC Home Sales
,
Coquitlam Home Sales
,
Greater Vancouver
,
Greater Vancouver Home Sales
,
Home Owners
,
Market Prices
,
Market Statistics
,
Metro Vancouver
,
Real Estate Market
,
Reimers Group
,
Royal LePage Market Forecast
,
Tri-Cities Real Estate Market
What does this mean for us?
Greater Vancouver house prices will see a stabilization in 2020. The aggregate prices for homes is forecasted to hit $1,125,200, an increase if 1.5% in 2020. For two-storey homes the prices are expected to rise to $1,460,700, a rise of 1.25% year-over-year. Median prices for condominiums is also said to rise to $666,900, a 3.0% increase by the end of next year.

According to Randy Ryalls, Managing Broker, Royal LePage Sterling Realty, "Sales have picked up significantly...
Posted on
December 3, 2019
by
David Reimers
Home buyer activity has returned to more historically typical levels in Metro Vancouver, after a slow first half for 2019. According to The Real Estate Board of Greater Vancouver (REBGV), residential home sales in the region totalled 2,498 in November 2019, a 55.3% increase from the 1,608 sales recorded in November 2018, and a 12.6% decline from the 2,858 homes sold in October 2019.

"We started to see more home buyer confidence in the summer and this trend continues today," says Ashley Smith, REBGV...
Posted on
November 23, 2019
by
David Reimers
Posted in:
British Columbia Real Estate
,
Condominiums
,
Coquitlam Real Estate
,
Greater Vancouver
,
Kootenay Real Estate
,
Market Report
,
Metro Vancouver
,
Real Estate Updates
,
Reimers Group
,
Royal LePage
,
Single Family Homes
,
Whistler Real Estate
Where does B.C. stand?
Kimberly situated in the Kootenay Rockies in British Columbia have had a surge of young buyers, contributing towards the demand of condominiums in the area. The average price of condos in the area increased to 9.8% year-by-year to reach $259,750 as the 12-month period ended on September 30, 2019.
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"We are seeing young families return to Kimberley for the lifestyle offered by our four-season recreational region," said Darren Close, managing broker, Royal LePage East Kootenay Realty....
Posted on
October 31, 2019
by
David Reimers
Posted in:
BC Assessment
,
David Reimers
,
Greater Vancouver
,
Halloween
,
Home Evaluation
,
Home Owners
,
Market Value
,
Metro Vancouver
,
News Release
,
October 31
,
Property Assessments
,
Real Estate
,
Reimers Group
Costumes and candy are some of the perks you get on Halloween, but did you know that Halloween also has an impact on your home's value!

“Anyone who has done renovations or rebuilt their homes know it can be a rewarding experience, but few people realise October 31 is the date when your efforts pay off,” says Assessor Tina Ireland. “That’s because October 31 is the date when any changes to your buildings or the use of your property are reflected in the upcoming property assessments....
Posted on
October 25, 2019
by
David Reimers
Posted in:
bc home sales
,
Best Rated Realtor
,
Coquitlam Real Estate Market
,
Coquitlam Royal LePage
,
David Reimers
,
Greater Vancouver
,
Home Buyers
,
Home Owners
,
Metro Vancouver
,
Real Estate Sales
,
Real Estate Services
,
Reimers Group
,
Top Agent
,
Tri-Cities Real Estate Market
It is hard to believe that it’s been 24 years since I moved to Vancouver. Like everyone, purchasing a home was something that I always wanted to accomplish. As part of the process in finding my first home , I researched and learnt everything I could about buying real estate. I was lucky though. My father was a real estate agent. He helped guide me through the process to ensure I made the right decisions and protected my interests. Obviously not everyone has a father in the business they...
Posted on
June 4, 2019
by
David Reimers
Posted in:
Buying in BC
,
Coquitlam
,
Coquitlam Houses for Sale
,
coquitlam real estate agent
,
David Reimers
,
Housing starts
,
market statistics
,
Metro Vancouver
,
real estate
,
Real Estate Agent
,
Reimers Group
,
Selling your home
,
vancouver real estate
,
Vancouver Real Estate Market
Metro Vancouver home sales exceed 2,000 for the first time in 2019, while buyer demand remains below averages.
The Real Estate Board of Greater Vancouver (REBGV) reports residential sales in Metro Vancouver area totaled 2,638 in May 2019, a 44.2% increase from the 1,829 homes sold in April 2019.
"High home prices and mortgage qualification issues caused by the federal government’s B20 stress test remain significant factors behind the reduced demand that the market is experiencing today," Ashley...
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