REBGV: Your July Run-down From Team Nickerrson!

  • A typical summer on the Vancouver Real Estate Market mean more listings and fewer home sales occurred in July. “Because home sale activity decreased to more historically normal levels in July, the selection of homes for sale in the region was able to edge above 9,000 for the first time this year,” said REBGV president, Jill […]

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  • Demand for condominiums in the Lower Mainland is far outstripping the supply. “Two distinct markets have emerged this summer. The detached home market has seen demand lease back to more typical levels while competition for condominiums is creating multiple offer scenarios and putting upward pressure on prices for that property type,” said Real Estate Board […]

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  • While the increase of new listings increased the most in the detached home segment of the market last month, it’s demand in the condominium and townhome that’s truly driving current activity. Here is your REBGV update for May.  “First-time buyers and people looking to downsize from their single-family homes are both competing for these two […]

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  • The Real Estate Board of Greater Vancouver’s April (REBGV) 2017 report proved yet again that attached homes are driving the market. While April sales were 4.8% above the 10-year average for the month, it was still a significant 25.7% decline from the same month last year, and a 0.7% decline from March 2017. “Our overall […]

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  • March was a big month for the Real Estate Board of Greater Vancouver, and the market at large: the REBGV instated its president for 2017/2018, Jill Oudil. Jill has served on the REBGV’s Board of Directors for the five years and works at Coldwell Banker Westburn Realty in Burnaby. The month also had the lowest […]

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  • Real Estate Board of Greater Vancouver president Dan Morrison cited bad weather and limited supply for the lower-than-average numbers last month. “February home sales were well below the record-breaking activity from one year ago and in line with our long-term historical average for the month,” Morrison said. “Limited supply and snowy weather were two factors […]

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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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  • July’s sales were still 6.5% above the 10-year sales average for the month, though nowhere near the recent months of record-breaking sales activity. “Home buyer demand returned to more historically normal levels in July,” said Real Estate Board of Greater Vancouver’s president Dan Morrison. While effects of the Canadian government’s recent introduction of the new […]

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  • In 2015, an astounding 42,326 homes changed ownership in the Greater Vancouver area, totalling $39 billion in residential sales and generated an estimated 19,000 jobs as well as $2.7 billion in economic spin-off activity. The Real Estate Board of Greater Vancouver’s Dan Morrison attributes sales to our strong economy. “Economic and job growth in Metro […]

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