News: Vancouver Real Estate Market

METRO VANCOUVER'S FEBRUARY HOUSING MARKET DEMAND REMAINED STEADY WHILE LISTINGS AND PRICE GAINS CONTINUED

The Metro Vancouver housing market saw steady home sales activity, modest increases in home listings and continued upward trends in pricing in February.  

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,424 in February 2022, an 8.1% decrease from the 3,727 sales recorded in February 2021, and a 49.8% increase from the 2,285 homes sold in January 2022. 

Last month’s sales were 26.9% above the 10-year February...

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In partnership with Environics, Genworth Canada is excited to share the results of their recent Homeownership and Financial Fitness Study.

Homeownership and Financial Fitness Study

Prior to COVID-19, Canadians and Canadian homeowners were showing their strongest financial fitness to date. Social isolation, job loss, remote work, and other sacrifices resulted in a decline on Canadians' financial fitness overall, but by less than it certainly would have been without federal government programs and mortgage deferrals. Getting Canadians back...

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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....

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Canadian Newcomers are buying one in five homes

The Royal LePage 2019 Newcomer Survey, shows that Canadian newcomers are heading to make 680,000 home purcahses over the next five years. British Columbia is the third most popular destination for international migration.

There is a 32% homeownership rate in Greater Vancouver. “Greater Vancouver is one of the most desirable places in the world to live and we attract newcomers who are optimistic about what the city has to offer in terms of both lifestyle and employment,” said Randy Ryalls,...

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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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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...

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Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), 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 GVR, 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 GVR, the FVREB or the CADREB.