Blog & News: Vancouver Real Estate Market
October 12, 2017
The Tale of Two Housing Segments Continues in the Greater Vancouver Residential Real Estate Market
Affordability issues and mortgage regulations spur activity in the region’s entry-level market
Price gap between condominiums and two-storey homes continues to narrow, benefiting move-up buyers
VANCOUVER, October 12, 2017 – According to the Royal LePage House Price Survey 1 released today, sales activity and consumer confidence across the Greater Vancouver residential real estate market continued to recover in the third quarter of 2017. While home price appreciation softened in the...
October 12, 2017
BC Home Sales Ratchet Higher in September
Vancouver, BC – October 12, 2017. The British Columbia Real Estate Association (BCREA) reports that a total of 8,340 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in September, an increase of 9.9 per cent from the same period last year.
Total sales dollar volume was $ 5.8 billion, up 30.2 per cent from September 2016. The average MLS® residential price in the province was $693,774, up 18.5 per cent from September 2016.
" BC home sales...
September 5, 2017
Condominium sales drive August activity
VANCOUVER, BC – September 5, 2017 – Competition for condominiums and townhomes pushed Metro Vancouver* home sales above typical levels in August.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,043 in August 2017, a 22.3 per cent increase from the 2,489 sales recorded in August 2016, and a 2.8 per cent increase compared to July 2017 when 2,960 homes sold.
Last month’s sales were 19.6 per cent above...
July 13, 2017
Canada’s Residential Real Estate Market Makes the Move to Moderation in the Second Quarter of 2017
Greater Vancouver Home Price Appreciation Dips to Single-Digit Gains in Second Quarter of 2017
Low inventory coupled with an uptick in buyers maintain the region's seller's market
VANCOUVER, July 13, 2017 – According to the Royal LePage House Price Survey1 and Market Survey Forecast released today, the aggregate price of a home in Greater Vancouver rose 2.6 per cent year-over-year to an aggregate 2 price of $1,181,309 – a marked slowdown from the double-digit year-over-year home...
July 5, 2017
Demand for condominiums continues to outstrip supply
VANCOUVER, BC – July 5, 2017 – The imbalance between supply and demand in the condominium market is creating home buyer competition across Metro Vancouver*.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,893 in June 2017, an 11.5 per cent decrease from the 4,400 sales recorded in June 2016, an all-time record, and a decrease of 10.8 per cent compared to May 2017 when 4,364 homes sold.
June 13, 2017
Housing Supply Not Keeping Pace with Demand in Most BC Regions
Vancouver, BC–June 13, 2017. The British Columbia Real Estate Association (BCREA) reports that a total of 12,402 residential unit sales were recorded by the Multiple Listing Service® (MLS® ) in May, down 7.9 per cent from the same period last year. Total sales dollar volume was $9.33 billion, down 4.0 per cent from May 2017. The average MLS® residential price in the province was $752,536, a 4.2 per cent increase from the same period last year.
May 2, 2017
Condominiums and townhomes in high demand across Metro Vancouver
VANCOUVER, BC - May 2, 2017 - Demand for condominiums and townhomes continues to drive the Metro Vancouver* housing market.
Residential property sales in the region totalled 3,553 in April 2017, a 25.7 per cent decline compared to April 2016 when 4,781 homes sold and a 0.7 per cent decrease from the 3,579 sales recorded in March 2017.
April sales were 4.8 per cent above the 10-year average for the month.
For the first four months of the year, condominium and townhome sales have comprised...
February 17, 2017
Economy, population growth support housing demand through 2018
Vancouver, BC – February 17, 2017.The British Columbia Real Estate Association (BCREA) released its 2017 First Quarter Housing Forecast Update today.
Multiple Listing Service® (MLS® ) residential sales in the province are forecast to decline 14.1 per cent to 96,345 units this year, after reaching a record 112,209 units in 2016. A moderation trend that began early in 2016, combined with tougher federal government mortgage qualification rules and the foreign buyer tax in Vancouver,...
February 2, 2017
Metro Vancouver housing market off to a quieter start than last year
VANCOUVER, BC – February 2, 2017 – Home sales and listings trends are below long-term averages in the Metro Vancouver* housing market. This is due largely to reduced activity in the detached home market.
Residential property sales in the region totalled 1,523 in January 2017, a 39.5 per cent decrease from the 2,519 sales recorded in January 2016 and an 11.1 per cent decrease compared to December 2016 when 1,714 homes sold.
Last month’s sales were 10.3 per cent below...
January 13, 2017
BC Home Sales Post Record Year
Vancouver, BC – January 13, 2017. The British Columbia Real Estate Association (BCREA) reports that a record 112,209 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2016, an increase of 9.5 per cent from the previous year. Total sales dollar volume was a record $77.6 billion, up 18.8 per cent from 2015. The average MLS® residential price in the province climbed 8.6 per cent to $691,144 on an annual basis in 2016.