News: Vancouver Real Estate Market

May sees a 5 year high in housing supply and a modest increase in home sales.

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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Greater Vancouver real estate market update


A quick follow-up to last month's issue when I chose to focus on the primary reason for the current buyer's market, which generally is attributed to the B-20 mortgage stress test that the federal government’s banking regulator (OSFI) imposed.


In the interest of time and realizing most of my audience are busy with limited time to read a lengthy explanation on all the reasons, I chose to focus on the "primary" reason - which is by no means the only reason. Obviously the Feds had their reasons...

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Buying your first home is a very exciting yet stressful time. It's one of the most important decisions you'll ever make and one of the main reasons to seek professional advice. The right advisor will help guide you through the buying process and help you lay the foundation for an enjoyable home ownership experience. The sooner you start working with an agent the better. As a buyer there are typically no costs to hire a REALTOR®. Most agents offer a complimentary new home buyer orientation which...

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.