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...
Blog & News: Vancouver Real Estate Market
NEW SYSTEMS TAKE SHAPE AS HOME SALES AND LISTINGS DROP AMID THE PANDEMIC
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...
NATIONAL HOME PRICES TO SHOW REMARKABLE RESILIENCE IN 2020
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...
BC HOUSING MARKET AND RECESSIONS
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...
BC TEMPORARY RENTAL SUPPLEMENT PROGRAM FOR RENTERS AND LANDLORDS
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...
SALES ACTIVITY IN MARCH COMES TO A HALT DUE TO THE PANDEMIC
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...
NATIONAL HOUSING MARKET TO SHOW REMARKABLE RESILIENCE IN 2020
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...
CHALLENGING CIRCUMSTANCES LEAD HOME BUYERS AND SELLERS TO ADJUST THEIR ACTIVITIES IN MARCH
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.
According...
LOW SUPPLY AND STEADY DEMAND BENEFITS HOME SELLERS
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...
CANADA HOME PRICES INCREASED 2.2% IN FOURTH QUARTER OF 2019
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,...
LUXURY REAL ESTATE MARKET IN GREATER VANCOUVER SAID TO STABILIZE
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...
STRONG START FOR BC HOUSING MARKET IN 2020
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...
INCREASED HOME SALE ACTIVITY, DECREASED SUPPLY TO START 2020
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%...
CANADA HOME PRICES TO INCREASE MODESTLY IN SPRING
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...
HOUSING MARKETS FLAT IN 2019
The Multiple Listing Service® (MLS®) recorded a total of 77,331 residential unit sales in 2019, a decrease of 1.5% from the 78,516 units sold in 2018 as reported by the British Columbia Real Estate...
Price growth in condo and detached market said to appreciate the Canadian real estate market by 3.2% in 2020
What does this mean for us?
Greater Vancouver house prices will see a stabilization in 2020. The aggregate prices for homes is forecasted to hit $1,125,200, an increase if 1.5% in 2020. For two-storey homes...
HOME SALES FIRM UP ACROSS BC
According to the British Columbia Real Estate Association (BCREA) report, there were 6,616 residential unit sales recorded by the Multiple Listing Service® (MLS®) in November. This showed an increase...
Historically typical levels for home sales in Metro Vancouver
Home buyer activity has returned to more historically typical levels in Metro Vancouver, after a slow first half for 2019. According to The Real Estate Board of Greater Vancouver (REBGV), residential home...
Significant home price variations in 2019, for Canada's most popular winter recreational markets
Where does B.C. stand?
Kimberly situated in the Kootenay Rockies in British Columbia have had a surge of young buyers, contributing towards the demand of condominiums in the area. The average price of condos...
Normalization trend of home sales to continue in October
According to the British Columbia Real Estate Association (BCREA), residential unit sales totalled 7,666 as recorded by the Multiple Listing Service® (MLS®) in October. This is an increase of 19.3%...