Property-Specific Demand Continues to Drive Vancouver Real Estate

  • “Demand remains elevated and listings scarce in the attached and apartment markets across Metro Vancouver,” Real Estate Board of Vancouver president, Jill Oudil, remarked on the numbers that categorized the first month of 2018. Residential home sales were 7.1% above the 10-year average for January. While by property type, detached sales were 24.8% down from […]

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  • While listings and sales in December were lower than November, the month’s sales were still 7.5% above the 10-year average. There were 1,891 new homes listed for sale in December 2017, a 44.1% increase from December the previous year, and sales totalled 2,016; that’s a 17.6% increase from December 2016.   “As we move into […]

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  • Steady sales and diminished listings were the top characteristics that defined Vancouver’s real estate market in 2017. Metro Vancouver home sales returned to more historically normal levels after record highs the previous two years, while new home listings dropped by several thousand below usual activity. In fact, 2017’s total listings were 4.4% below the 10-year […]

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  •   The steady demand for townhomes and condos continues to drive homebuyer activity in Vancouver, pushing sales to 17% above the 10-year average for November. But while demand is high as ever, Real Estate Board of Greater Vancouver president, Jill Oudil states “We have a long way to go before our home listing inventory rises […]

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  • 2017 is off to a quieter start than usual in the Metro Vancouver real estate market. January sales were 10.3% below the 10-year average for the month. Compared to 2016 which exploded onto the market with record-breaking sales, buyers and sellers appear to be exercising caution as we enter the new year. However, “Conditions within […]

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  • The 2016 housing market saw Metro Vancouver’s third highest selling year behind 2015 and 2005. The REBGV report for December has been released and confirms the total sales across all properties was 39,943; only a 5.6% decrease from 2015 despite the rocky times encountered towards the end of the year with new legislature regarding home […]

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  • Over the past few years, Vancouver has become one of the most expensive cities in the world in which to invest in real estate.  Of course, those of us living in Vancouver know why! Our city is one of the most vibrant in the world, with incredibly diverse cultural offerings, a beautiful location on the […]

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  • REALTOR® Doug Gibson discusses how the BC Government extends an olive branch to first time homebuyers with down payment loan help. The BC Government will offer first time buyers a loan of up to $37,500 or up to 5% of the purchase price. There are certain rules that apply: The purchase price must be less than $750,000 The […]

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  • REALTOR® Doug Gibson talks about the new Canadian mortgage rules and what he thinks of them. Stay tuned for our next video where Doug talks about why these rules are so important. Canada’s New Mortgage Rules The federal government of Canada instated 3 new mortgage rules towards the end of 2016: Any mortgage over $500,000 […]

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  • Homes sales and listing activity across Metro Vancouver dipped below the historical average for October in part due to the changing real estate market dynamics. “Changing market conditions compounded by a series of government interventions this year have put home buyers and sellers in a holding pattern,” Dan Morrison, Real Estate Board of Greater Vancouver […]

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