While the Metro Vancouver market ended 2023 in balanced market territory, in January conditions began shifting back in favor of sellers as the pace of newly listed properties did not keep up with the...
Blog & News: Vancouver Real Estate Market
HOME BUYER DEMAND REMAIN ELEVATED BUT CALMER THAN LAST SPRING'S RECORD PACE IN METRO VANCOUVER
<p>While down from last year's record numbers, Metro Vancouver's home sale activity remained elevated in March. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales...
SEPTEMBER SEES SURGE IN METRO VANCOUVER HOME SALES AND LISTINGS
In September 2020 the Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 3,643. This is a 56.2% increase from the 2,333 sales recorded in September...
AUGUST SEES INCREASE IN HOME SALES AND LISTING ACTIVITY
In August 2020, residential home sales in the region totaled 3,047 according to the Real Estate Board of Greater Vancouver (REBGV). This is a 36.6% increase from the 2,231 sales recorded in August 2019...
BC HOUSING MARKET CONTINUES TOWARDS STRONG RECOVERY
In July 2020, the British Columbia Real Estate Association (BCREA) reported a total of 10,090 residential unit sales recorded by the Multiple Listing Service® (MLS®). This showed an increase of...
STEADY SUMMER ACTIVITY FOR METRO VANCOUVER HOUSING MARKET
In July 2020, residential home sales in the region totaled 3,128 according to the Real Estate Board of Greater Vancouver (REBGV). This represents a 22.3% increase from the 2,557 sales recorded in July 2019...
HOUSING SUPPLY STRUGGLES TO KEEP UP WITH SURGE IN DEMAND WITH SECOND QUARTER RECORDING A SHARP RISE IN HOME PRICES
Royal LePage revises Canadian home price forecast upwards to 2.3% by year-end 2020, as low rates and pent-up demand face limited housing supply.
What does this mean for Greater Vancouver?
In the second...
HOME SALE AND LISTING ACTIVITY SEE STEADY INCREASES IN JUNE
Residential home sales in the region totalled 2,443 in June 2020 accroding to the Real Estate Board of Greater Vancouver (REBGV). This is a 17.6% increase from 2,077 sales recorded in June 2019 and a 64.5%...
STRONG RECOVERY OF BC HOMES SALES PREDICTED FOR 2021
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...
STEADY HOME PRICES PROVIDES COMFORT FOR BUYERS AND SELLERS IN TODAY'S 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...
RESILIENT RESPONSE AS HOUSING MARKET SLOWS AMID PANDEMIC
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...
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...
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...