September 2017’s Vancouver Real Estate Market in Numbers

  • Housing type continues to drive housing demand in the Greater Vancouver real estate market. As a home seller in Vancouver, understanding this trend will help you and your realtor price your home–and set expectations–accordingly. Same goes if you’re looking to get into the Vancouver housing market. Your budget will determine what property sector you can […]

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  • Once again, it was competition for condos and townhome that drove the market to outdo itself. August 2017’s sales were 19.6% above the 10-year sales average, and with the benchmark price of an apartment now sitting pretty at the $626,800 and detached properties featuring a $778,300 benchmark price, first time homebuyers not only have to […]

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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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  • The federal government has announced new mortgage “stress tests” and changes to the capital gains tax to help stabilize hot real estate markets like Vancouver and Toronto. These changes will be coming into affect as early as October 17, 2016. Our friend and mortgage broker Deshka Peneff breaks down the changes and how they may affect you. Federal […]

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  • Residential property sales totalled 2,489 in Metro Vancouver last month; a 26% decline compared to August 2015 and a 22.8% decline from July 2016, while only 1% less than August 2013 sales. Indicative of the effects taking hold from the new Foreign Buyers tax, the downward trend in home sales this past summer isn’t actually […]

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