Vancouver Real Estate Market Update March continued its steady pace from the previous month. There were no real significant changes in any of the areas of Greater Vancouver real estate market. Sales were 4.4% higher in volume March over February. Interest rates remain low with a 5 year closed at 2.89% and a variable rate […]
Vancouver Real Estate Market Update Will the Immediate halt of the offshore ‘millionaire visa scheme’ affect our local property prices? The media has quoted a few West Vancouver Realtors as saying “it will affect 80 to 90 percent of the buying in West Vancouver.” As a correlation, the Vancouver West Side also has a high […]
Vancouver Real Estate Market Update The Vancouver real estate market finished off 2013 with a steady and balanced market. The first month of January 2014 continues this trend. In fact the first month of 2014 saw home sale and listing totals outpace historical averages in the Greater Vancouver housing market. There were 1760 residential property […]
Vancouver Real Estate Market Update May 2013 brought even more stability to the Greater Vancouver Real Estate Market. While the number of sales continued a trend below the 10 year average, the number of sales for May 2013 is the highest since June 2011. We continue to have an increase in sales month over […]
Vancouver Real Estate Market Update The number of units sold in Greater Vancouver continued to grow in April 2013. However, the media reported that this April’s sales are lowest April total in the region since 2001 (20.9% below the 10 year sales average for the month). It is important to note that April 2013 had […]
Vancouver Real Estate Market Update Vancouver real estate market remains slow but statistics for the month of March show positive improvements. There are fewer properties coming to the market and the total number of listings has declined by 17%. Fewer listings and 30% more sales compared to the previous month of February indicate a stabilization […]
Vancouver Real Estate Market Update The Vancouver real estate market continues on its slow pace. The year started with bleak projections from the media which stated the market was headed downward and fast. To date this has proved incorrect; there have been no drastic changes in any areas. We are witnessing a slight decline in […]
January home sales remain quiet Home buyer demand remains below historical averages in the Greater Vancouver housing market. This has led some home sellers to remove their homes from the market in recent months. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 1,351 on the Multiple […]
Looking back, 2012 was remarkably different than 2011. In 2011 , there was a lack of West Side detached houses offered for sale and a surplus of off shore buyers lining up to buy. We witnessed multiple offers, sale prices way over asking and a media blitz stating that the “Vancouver housing prices were going […]
