The August 2017 Vancouver Real Estate Market by the Numbers

  • 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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  • 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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  • A full stomach of home-grilled food is probably one of the best gifts to give dad this Sunday, June 18th. So in honour of the man of the hour, your Vancouver real estate experts have been planning the ultimate bbq menu for Father’s Day. Because the kitchen — and the patio, in this case — […]

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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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  • 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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  • 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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  • Last month’s sales-to-active listings ratio dipped to 24.1%; the lowest it’s been since 2015. September’s sales were also 9.6% below the 10-year sales average for the month. But what does this really mean? Is it indicative of the recent Foreign Buyer’s Tax and new proposed Vacancy Tax by Vancouver’s mayor? Perhaps, as Vancouver home buyers […]

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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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  • Last month was the highest selling June on record, according to the Real Estate Board of Greater Vancouver’s most recent report. “Since March, we’ve seen more homes listed for sale in our market than in any other four-month period this decade,” said Dan Morrison, REBGV president. However, “While we’re starting to see more properties coming […]

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