Home sales in the Greater Vancouver area continued their steep year-over-year drop last month, amid confinement measures and physical distancing requirements related to the COVID-19 pandemic. The Real Estate Board of Greater Vancouver said Tuesday home sales totalled 1,485 in May, a nearly 44% decrease from May 2019 and 54% below the 10-year average for the month. However, after John Ho ...

COVID-19 social-distancing measures led to April home sales dropping to a 38-year low in Metro Vancouver, according to the Real Estate Board of Greater Vancouver.   April home sales totalled 1,109, which is a 39.5 per cent decrease from the 1,829 sales recorded in the same month last year and a 56.1 per cent decrease from the 2,524 homes sold in March. Focusing on the Downtown Vanco ...

The Real Estate Board of Greater Vancouver says demand for properties remains healthy but listings have fallen almost 21% compared with the number of homes offered for sale last February. [At some price ranges] Metro Vancouver still a seller's market despite housing downturn. Board president Ashley Smith said the condominium market was also the busiest across the region in February. Agen ...

As our provincial government has continually promised to devalue real estate in British Columbia, their tactics are certainly coming to reality, especially for the higher end properties.  Residential property values across Metro Vancouver fell in 2019, with the value of all homes — including detached houses and condo units — decreasing by up to almost 16%.  That's according to B.C. Asses ...

After four months of rebounding sales activity, Metro Vancouver’s real estate market appears to be levelling off, according to new data from the Real Estate Board of Greater Vancouver (REBGV).   The board released its November sales data Tuesday, which showed a 55.3 percent jump in sales across the region from the same month last year. However, after four months of sales gains, the numbe ...

The Real Estate Board of Greater Vancouver says home sales jumped 46.3 per cent in September compared with last year to hit near average levels after a decline in prices.   The board says 2,333 homes sold in the month, up from 1,595 sales last year, to come in at a level just 1.7 per cent below the 10-year average for September. However, prices across all home types in Greater Vanco ...

Home sales in Metro Vancouver were slightly up this summer compared with last year, according to the Real Estate Board of Greater Vancouver. There were 2,231 residential properties sold in August, a 15.7 per cent increase over the same month last year, the board said in a report posted Wednesday. Sales were up across all types of homes including detached, townhouses, and apartments. T ...

As the Real Estate Board of Greater Vancouver reports, home sales are down across the Lower Mainland and for the first time in three years the composite benchmark price of a home in Metro Vancouver is below $1 million.   Both the Real Estate Board of Greater Vancouver (REBGV) and the Fraser Valley Real Estate Board (FVREB) reported lower than average sales for the month of June. In Great ...

Well its officially here, the new normal in Downtown Vancouver, which is now a “balanced market” as 17 condos out of 100 are selling. However, just to be clear, most of the units selling are in the under $900,000 bracket so that means that it’s a balanced market for studios, 1 bedroom condos and smaller 2 bedrooms. The luxury market remains a buyers’ market and that won’t change anytime soo ...

April 2019 Real Estate Statistics for Downtown VancouverSome of my clients have said that my emails are too negative about the realities of the Vancouver real estate market. So in order to make everyone happy I wanted to tell you sales are up, prices are up and everyone’s net worth is up. If you are happy with my email please stop reading. If you want the truth about Vancouver real estate, ...