News: Vancouver Real Estate Market

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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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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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