First Quarter, March 2018 - HOUSING FORECAST UPDATE
Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 8.6 per cent to 94,855 units this...
Blog & News: Vancouver Real Estate Market
Fewer home sales and listings in the first quarter of 2018
VANCOUVER, BC – April 4, 2018 – Home buyers and sellers were less active in Metro Vancouver* throughout the first quarter of 2018.
The Real Estate Board of Greater Vancouver (REBGV) reports...
Major impact to B.C. real estate market expected from proposed taxes
New tax policies put pressure on Canadians to sell their secondary properties within the province Albertans anticipated to look within their own province and to the United States for secondary properties...
New Mortgage Qualification Rules Temper Housing Demand
Vancouver, BC – March 14, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 6,206 residential unit sales were recorded by the Multiple Listing Service® (MLS®...
Home buyers were less active in February
VANCOUVER, BC – March 2, 2018 – Metro Vancouver* home sales dipped below the longterm historical average in February.
The Real Estate Board of Greater Vancouver (REBGV) reports that ...
Government Needs Transitional Rules For All Transactions Impacted By Taxes Introduced In Budget 2018
New taxes unlikely to stabilize housing market
Victoria, BC – February 20, 2018. The British Columbia Real Estate Association calls on government to introduce transitional rules for all tr...
Home buyer demand depends on property type
VANCOUVER, BC – February 2, 2018 – Attached and apartment homes are in demand across Metro Vancouver* while detached home buyers are facing less competition today.
The Real Estate...
BC Home Sales Above 100,000 for Third Consecutive Year
Vancouver, BC – January 12, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 103,763 residential unit sales were recorded by the Multiple Listing Service® (MLS...
Low Inventory Levels Drive Home Values Higher in Greater Vancouver During the Fourth Quarter of 2017
While competition within the region's condominium market stiffened, two-storey home values came back to life during the quarter, posting strong year-over-year gains New Office of the Superintendent...
Steady sales and diminished listings characterize 2017 for the Metro Vancouver housing market
VANCOUVER, BC – January 3, 2018 – After reaching record levels in 2015 and 2016, Metro Vancouver* home sales returned to more historically normal levels in 2017. Home listings, on the...
2018 Royal LePage Market Survey Forecast
New OSFI Stress Test Set to Limit National Home Price Appreciation to 4.9% in 2018
December 13, 2017
- Impact of new stress test expected to be contained to first half of 2018 for most major markets...
Strong Economy Supporting Elevated Housing Demand
Vancouver, BC – December 12, 2017. The British Columbia Real Estate Association (BCREA) reports that a total of 7,731 residential unit sales were recorded by the Multiple Listing Service® (MLS...
Metro Vancouver continues to experience above-average demand and below-average supply
VANCOUVER, BC – December 4, 2017 – Metro Vancouver saw modest home listing changes and steady demand in November.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential...
Housing Market Facing Headwinds Despite Strong Economy
Vancouver, BC – November 28, 2017. The British Columbia Real Estate Association (BCREA) released its 2017 Fourth Quarter Housing Forecast today.
Multiple Listing Service® (MLS®...
October sales exceed historical average
VANCOUVER, BC – November 2, 2017 – Metro Vancouver* home sales exceeded typical historical levels in October with the majority concentrated in the townhouse and apartment markets.
The...
OSFI Announcement of Change to Mortgage Underwriting
October 17, 2017 - The Office of the Superintendent of Financial Institutions (OSFI) announced new restrictions on uninsured mortgages today. Effective January 1, 2018, all home-buyers with a down-payment...
The Tale of Two Housing Segments Continues in the Greater Vancouver Residential Real Estate Market
Affordability issues and mortgage regulations spur activity in the region’s entry-level market
Price gap between condominiums and two-storey homes continues to narrow, benefiting move-up buyers
...
BC Home Sales Ratchet Higher in September
Vancouver, BC – October 12, 2017. The British Columbia Real Estate Association (BCREA) reports that a total of 8,340 residential unit sales were recorded by the Multiple Listing Service® (MLS...
Home buyer demand continues to differ based on housing type
VANCOUVER, BC – October 3, 2017 – Apartment and townhome activity is outpacing the detached home market across Metro Vancouver*. This activity helped push total residential sales...
Condominium sales drive August activity
VANCOUVER, BC – September 5, 2017 – Competition for condominiums and townhomes pushed Metro Vancouver* home sales above typical levels in August.
The Real Estate Board of Greater...
