Blog & News: Vancouver Real Estate Market

Posted on by
Posted in: Attached Homes , BC Home Sales , BCREA , BCREA Forecast , British Columbia Real Estate Association , Covid-19 impact on home prices , Detached Homes , Greater Vancouver , Home Buyers , Home Owners , Housing Forecast , Metro Vancouver , MLS , Multiple Listing Service , Pandemic , Real Estate Market Forecast , Recession , Residential Sales

The British Columbia Real Estate Association (BCREA) has released its 2020 Second Quarter Forecast. According to the release, a 21% decline in Multiple Listing Service® (MLS®) residential sales...

Read full post

Posted on by
Posted in: Active Listings , Attached Homes , BC Home Prices , Benchmark Price , Covid-19 Housing Market Update , Detached Homes , Greater Vancouver , Home Buyers , Home Owners , Housing Market , Metro Vancouver , Multiple Listing Service , Real Estate Board of Greater Vancouver , Real Estate Market Update , Real Estate Sales , Real Estate Statistics , REBGV , Residential Housing Market

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver today is $1,028,400 according to The Real Estate Board of Greater Vancouver (REBGV). This is virtually...

Read full post

Posted on by
Posted in: BC Home Sales , BCREA , British Columbia Real Estate Association , Covid-19 Housing Market Update , COVID-19 impact on home prices , Greater Vancouver , Home Buyers , Home Owners , Home Prices , Metro Vancouver , MLS , MLS Home Sales , MLS listings , Multiple Listing Service , Real Estate Market , Residential Homes , The New Normal

According to the British Columbia Real Estate Association (BCREA), there was a total of 3,284 residential units recorded by the Multiple Listing Service® (MLS®) in April 2020. This is a decline...

Read full post

Posted on by
Posted in: Active MLS Listings , Apartment Homes , Attached Homes , BC Home Prices , BC Home Sales , Benchmark Price , Covid-19 impact on home prices , Detached Homes , Greater Vancouver , Greater Vancouver Real Estate , Metro Vancouver , MLS , Multiple Listing Service , Real Estate Board of Greater Vancouver , Real Estate Sales , REBGV , Residential Home Sales

In April 2020, the residential home sales in the region totaled 1,109 as per the Real Estate Board of Greater Vancouver (REBGV). This is a 39.4% decrease from the 1,829 sales recorded in April 2019 and...

Read full post

Posted on by
Posted in: 2020 Market Report , Aggregate Home Price , Canada Home Prices , City of Vancouver , Condominium , COVID-19 impact on home prices , First Quarter , Greater Vancouver , Greater Vancouver Housing , Home Price , Market Forecast , Market Statistics , Metro Vancouver , Real Estate Sales , Residential Homes , RLP Market Forecast , Royal LePage Market Forecast

Canada's aggregate home prices are predicted to grow 1% by the end of 2020 in a best-case scenario. If the restrictions remain in place through late summer, a national home price decrease of 3% is expected...

Read full post

Posted on by
Posted in: BC Home Sales , BC Housing Market , BC Provincial GDP , BCREA , British Columbia Real Estate Association , Canadian Economy , COVID-19 Economic Data , COVID-19 Recession , Economic Growth , Economic impact of COVID-19 , Greater Vancouver , Home Owners , Interest Rates , Metro Vancouver , Residential Homes , Unemployment Rate

In the past 40 years, the Canadian economy has had three recessions, each of them different in cause, depth, and duration. The 2020 COVID-19 recession is said to be deep, but will not last long when compared...

Read full post

Posted on by
Posted in: BC Home Rentals , BC Temporary Rental Supplement Program , BC-TRS , Covid-19 , Dependents , Eligible Households , Greater Vancouver , Home For Rent , Household Income , Impact of COVID-19 on housing , Landlord , Metro Vancouver , Monthly Rent , Rent Assistance , Rental Income , Rentals , Renting in BC , Residential Homes , Tenancy Agreement , Tenant

The BC Temporary Rental Supplement (BC-TRS) Program aims at offering up to $500 a month to assist renters and landlords during the COVID-19 pandemic. This is part of the province's $5 billion action plan...

Read full post

Posted on by
Posted in: Attached Homes , BC Home Sales , BCREA , British Columbia Real Estate , Covid-19 Housing Market Update , Detached Homes , Greater Vancouver , Home Owners , Housing Market Update , Interest Rates , Metro Vancouver , MLS , Multiple Listing Service , Provincial Housing Market , Real Estate Statistics , Residential Price , Residential Sales

In March 2020, the British Columbia Real Estate Association (BCREA), reported a total of 6,717 residential unit sales recorded by the Multiple Listing Service® (MLS®). This is a 17.2% increase from...

Read full post

Posted on by
Posted in: Aggregate Home Price , Aggregate Price , Attached Homes , BC Home Sales , Canadian Economy , Covid-19 House Price Survey , Detached House , Economic impact of COVID-19 , Greater Vancouver , Greater Vancouver Housing , Home Owners , Market Data , Market Statistics , Real Estate Analysis , Real Estate Statistics , Royal LePage House Price Survey

According to the Royal LePage House Price Survey and Market Survey Forecast released today, if the strict stay-at-home restrictions are eased during the second quarter Canada's aggregate home price could...

Read full post

Posted on by
Posted in: 2020 market report , Attached home , Benchmark price , COVID-19 impact , Detached homes , Greater Vancouver , Home Price Index , Housing market , Impact of COVID-19 on housing , Market forecast , Metro Vancouver , Real Estate Board of Greater Vancouver , Real estate market update , Real estate sales , REBGV

The beginning of March saw a steady buyer demand in Metro Vancouver's housing market and a levelling off of activity as the month went on and concerns about the COVID-19 outbreak intensified.

COVID-19 impact on home buying and selling

According...

Read full post

Posted on by
Posted in: Bank of Canada , BC housing market , BCREA , Canada mortgage rates , Credit markets , Effective lower bound , Financial plan , Funding , Interest rate , Interest rate change , Market statistics , Market update , mortgage payments , Programs , Reduction in rates , Short-term funding market

The Bank of Canada has lowered its overnight policy rate for the second time this month, taking the rate down a further 50 basis points to 0.25%. This is what the Bank considers as its effective lower bound...

Read full post

Posted on by
Posted in: 2020 market report , Bank of Canada , BC housing market , bcrea , British Columbia Real Estate , covid-19 , covid-19 , economic data , Economic impact of COVID-19 , Impact of COVID-19 , Interest rates , low mortgage rates , Mortgage payments , Mortgage rate , Real estate market forecast , real estate transaction , stress test

The COVID-19 outbreak has caused a steep decline in interest rates, however, it is uncertain as to how severe the impact will be on economic activity. Considering the importance of tourism and our trade...

Read full post

Posted on by
Posted in: Active Listings , Active MLS Listings , Apartment Sales , Attached House , Benchmark Price , Detached House , February 2020 , Greater Vancouver , Home Owner , Housing Market Statistics , Market Statistics Real Estate , Metro Vancouver , MLS Listings , Real Estate Board of Greater Vancouver , Real Estate Sales , REBGV , Residential Homes , Townhouse For Sale , Vancouver BC Home Sales

The residential home sales in the region reached 2,150 in February 2020, a 44.9% increase when compared to the 1,484 sales that were recorded in February 2019, and a 36.9% increase from the 1,571 homes...

Read full post

Posted on by
Posted in: 2019 Fourth Quarter Analysis , BC Home Prices , Greater Vancouver , Greater Vancouver Real Estate , Home Buyers , Home Owners , Home Prices , House Price Survey , Metro Vancouver , Real Estate Investment , Real Estate Statistics , Royal LePage Market Update

The aggregate price of a home in Canada increased 2.2% year-over-year to $648,544 in the fourth quarter of 2019 as reported by the Royal LePage House Price Survey. As we have seen in the third quarter,...

Read full post

Posted on by
Posted in: BC Home Sales , Greater Vancouver , Luxury Condos , Luxury Home Sales , Market Statistics , Metro Vancouver , Real Estate Market Update , Real Estate Statistics , Residential Market , Royal LePage Market Forecast

The median prices of luxury homes in Greater Vancouver decreased by 6.7% year-over-year to $5,394,594 during the twelve-month period ending January 31, 2020. There was also a deacrese of 4.4% in Luxury...

Read full post

Posted on by
Posted in: BCREA , Greater Vancouver , Home Buyers , Homes For Sale , Market Analysis , Metro Vancouver , MLS listings , Multiple Listing Service , Real Estate Market , Real Estate Statistics , Real Estate Stats , Residential Homes , Residential Units , Vancouver Home Sales

In January 2020, a total of 4,426 residential units were recorded by the Multiple Listing Service® (MLS®), as reposted by the British Columbia Real Estate Association (BCREA). This was an increase...

Read full post

Posted on by
Posted in: bc home sales , Coquitlam MLS home prices , Greater Vancouver , Greater Vancouver Home Sales , Market Data , Metro Vancouver , Multiple Listing Service , Real Estate Board of Greater Vancouver , Real Estate Market Analysis , Real Estate Statistics , REBGV , Vancouver Home Sales

According to the Real Estate Board of Greater Vancouver (REBGV), the residential home sales in the region hit 1,571 in January 2020. This is a 42.4% increase from the January 2019 sales of 1,103 and a 22.1%...

Read full post

Posted on by
Posted in: BC Home Sales , Greater Vancouver , Greater Vancouver Home Sales , Home Owners , Market Prices , Market Statistics , Metro Vancouver , Real Estate Market , Royal LePage Market Forecast

What does it mean for B.C.?

The Greater Vancouver market saw signs of heading towards recovery in the fourth quarter, after a year-over-year decline. There was a 4.8% decrease in the aggregate price of...

Read full post
Earlier Posts (page 2)
Powered by myRealPage.com
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.