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News: Vancouver Real Estate MarketGreater Vancouver home buyers compete for limited home listings in October
Home sale activity in Metro Vancouver remained above historical averages in October while the overall supply of homes for sale dipped to levels not seen in three years.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,494 in Oct. 2021, a 5.2 % decrease from the 3,687 sales recorded in Oct. 2020, and an 11 % increase from the 3,149 homes sold in September 2021. Last month’s sales were 22.4 % above the 10-year Oct. sales average.... Halloween day and how it impacts property values!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.... Top rated Coquitlam real estate agent for 2nd year in a row!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... Summer sees an increase in real estate sales
The Vancouver real estate market saw an increase in demand, pushing July (a typically quieter time of the year) to the second highest selling month so far in 2019. There has been a substantive increase in residential home sales in the region as per The Real Estate Board of Greater Vancouver (REBGV). The market saw a 23.5 %, increase compared to the 2,070 sales record in July 2018, and a 23.1 % increase compared to the 2,077 homes sold in June 2019. The sales for last month capped at 7.8%, which was... 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... Vancouver real estate market update: Now is a great time to trade up!
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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