This is all you need to know - the market continues to be very active and prices are stable. The super-heated housing market in Metro Vancouver cooled slightly in May but the Greater Vancouver Real Estate Board says sales still remained active.   A statement from the Real Estate Board of Greater Vancouver says 4,268 homes changed hands across the region last month, a 13% drop compared w ...

This is all you need to know - Everything is on it’s way back to normal ! As multiple offers are beginning to disappear, the frantic pace of which the market has been moving in 2021 is showing signs of returning to a balanced market.  However, the Real Estate Board of Greater Vancouver says more supply is still needed to meet active market demands. Record-low interest rates, increased hous ...

This is all you need to know - It’s a crazy hot market fuelled by incredibly low mortgage rates.  The board revealed Tuesday that February sales in the B.C. region totalled 3,727, a 73.3% increase from the 2,150 sales recorded the year before and a 56 % spike from the 2,389 homes sold the month before.  The month's sales were so strong that REBGV said they were 42.8% higher than February ...

This is all you need to know - Sales activity was up 61% from January 2020, inventory is holding steady, prices are creeping up again and multiple offers are back. Homes sales in much of Metro Vancouver in January increased by 52.1% compared with sales from the same time last year.  Colette Gerber, chair of the Real Estate Board of Greater Vancouver, says home sales activity in January o ...

Happy New Year ! This is all you need to know - Sales activity was up 42% from December 2019, inventory is dropping, and prices are stable. The Real Estate Board of Greater Vancouver (REBGV) reports home sales jumped 53.4% in the final month of 2020 compared with December 2019. The board said 3,093 homes were sold in December, up from 2,016 in December 2019 and slightly more than the ...

This is all you need to know - Activity is Stable, Inventory is Dropping, Prices are Stable and Luxury was DEAD in November. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,064 in November 2020, a 22.7% increase from the 2,498 sales recorded in November 2019, and a 16.9% decrease from the 3,687 homes sold in October 2020. ...

October 2020 Real Estate Statistics This is all you need to know - Activity is stable, Inventory is stable, and Prices are stable. The Real Estate Board of Greater Vancouver reported that sales were up 29% in October 2020 compared to October 2019 and realtors sold 3,687 homes last month, up from 2,858 sold in October 2019. This is 100% true for Greater Vancouver. However, in Downtow ...

This is all you need to know - Activity is Up, Inventory is Up, and Prices are Down. With record low interest rates, September saw record activity. We also have record levels of inventory which has created the first truly balanced market in years. Focusing on the Downtown Vancouver condo market in September 2020, there is activity in all price brackets and properties are moving if peopl ...

Don’t let the graph fool you - Downtown Vancouver real estate is changing.  This is the first time since May 2014 that we have seen over 1000 active listings in Downtown Vancouver.  Just for reference when the condo market was quite hot in August 2017 we had 382 active listings and the $600,000 to $700,000 price bracket was selling at 47%. Today we have 1085 listings and the $600,000 to ...

The Real Estate Board of Greater Vancouver (REBGV) reported that residential home sales in July 2020 totalled 3,128, a 28% increase from the previous month, and a 22.3% increase from July 2019. Please note that this is for Greater Vancouver and not Vancouver proper.  Focusing on the Downtown Vancouver condo market in July 2020, prices continue to hold strong and unit sales are similar to ...