News: Vancouver Real Estate Market

   Canadian job growth bounced back in August as employment expanded by 34,300. Just as last month's over 30,000 job losses were entirely due to part-time employment, this month's gains were the result of those jobs being added back.  Part-time employment grew by 46,700 while, full-time employment fell 12,500. The Canadian unemployment rate held steady at 7.3 per cent

BC employment followed the national trend, adding 14,900 new jobs in August. However, job growth was entirely based...

Home sale activity remained below long-term averages in the Greater Vancouver housing market in August.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 1,649 in August, a 30.7 per cent decline compared to the 2,378 sales in August 2011 and a 21.4 per cent decline compared to the 2,098 sales in July 2012.

August sales were the second lowest total for the month in the region since 1998 and 39.2 per cent...