Metro Vancouver Home Sales Down – Market Update for November 2018

  • Market Update – November 2018 METRO VANCOUVER HOME SALES DOWN     Sales and inventory are down in all categories; however, this is very typical this time of year as people’s focus changes from the real estate market to the holidays. “Home buyers have been taking a wait-and-see approach for most of 2018. This has […]

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  • Interest Rates, a New Mayor – and a Balancing Market   Over the past month, our clients have been deeply curious about the state of the market and our take on the future direction of prices and supply. While can’t entirely predict the market, we can certainly sense that change is underway in terms of […]

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  • Fall is in the Air… and Real Estate is in the Headlines     With the recent cool down in the Metro Vancouver real estate market, the media is having a field day pumping out articles creating fear of an imminent crash and stalling some Buyers and Sellers from making a move. We understand that […]

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  • Housing Supply Up While Demand Down Across Metro Vancouver Summer is traditionally a quieter time of year in real estate, and this summer has been no different. July’s residential housing sales in Metro Vancouver* reached their lowest levels for that month since the year 2000, with sales down across the board between detached, townhouses and […]

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  • Supply of Homes for Sale in Metro Vancouver Reached a Three-Year High in June Home sale activity has dipped below long-term historical averages, leading to the supply of homes for sale in Metro Vancouver* to reach a three-year high in June. Last month’s sales were 28.7% below the 10-year June sales average. June 2018’s residential […]

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  • Last month residential property sales were down 35.1% from May 2017; 2,833 sold compared to the 4,364 on record from May 2017. While it is a 9.8% increase from April 2018, total sales were still 19.3% below the 1–year May sales average for Metro Vancouver’s real estate housing market. “With fewer homes selling today compared to […]

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  • 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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