Home Sellers Take The Lead In April’s Real Estate Market

  • Residential property sales in the Metro Vancouver real estate market totalled 2,579 last month. While sales increased by 2.5% from March this year, it’s a 27.4% decrease from April 2017 and 22.5% below the 10-year average for the month. The Real Estate Board of Greater Vancouver credits fewer home buyers and more home sellers for […]

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  • Upward pressure on real estate prices continues as fewer homes are listed for sale in the quietest March since 2009, continuing to drive activity particularly in the condo and attached home market while total sales were 23% below historical averages. A total of 6,542 homes of the 12,469 listed sold in the first quarter of […]

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  • Home sales in Metro Vancouver dipped last month below the long-term historical average for February. Residential property sales totalled 2,207; a 9% decrease from February 2017 and 14.4% below the 10-year sales average for the month. Sales still, however, increased 21.4% from January this year. “Rising interest rates and stricter mortgage requirements have reduced home […]

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  • “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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