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Vancouver real estate market trends

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Vancouver’s changing demographics – looking into the future

September 21, 2017 by Bryan Velve

Vancouver, BC, Canada

Where do we go from here? The future of real estate is always on the chat list at just about every social event that I attend. Wealth transfer from boomers There is no way to predict, but I saw a recent study that shows just how much money could loosen up as baby boomers begin […]

Filed Under: Market trends Tagged With: baby boomers, demographics, foreign buyer tax, government intervention, luxury homes, millennials, wealth transfer

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Goodbye summer. Hello fall!

September 18, 2017 by Bryan Velve

Maple tree in fall

The real estate market in Vancouver – With fall approaching and a very busy and sunny summer behind us, we’re expecting further active times ahead. Activity levels will likely peak in October and November with sales of townhomes and condos leading the way. In saying that, I do think that the detached home market will also […]

Filed Under: Market trends Tagged With: condominiums, detached properties, home buyer activity, market activity, market trends, residential real estate, sales-to-active listings ratio, single-family homes, supply and demand

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Condominium sales drive August activity

September 5, 2017 by The Velve Group

Science World, False Creek

VANCOUVER, BC – September 5, 2017 – Competition for condominiums and townhomes pushed Metro Vancouver* home sales above typical levels in August. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,043 in August 2017, a 22.3 per cent increase from the 2,489 sales recorded in August […]

Filed Under: Market trends Tagged With: apartments, benchmark price, condominiums, detached properties, home buyer activity, market trends, mls home price index, sales-to-active listings ratio, single-family homes, supply and demand

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Metro Vancouver sees fewer home sales and more listings in July

August 2, 2017 by The Velve Group

Vancouver skyline

VANCOUVER, BC – August 2, 2017 – Home buyer activity returned to more typical summer levels in Metro Vancouver last month. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,960 in July 2017, an 8.2 per cent decrease from the 3,226 sales recorded in July 2016, […]

Filed Under: Market trends Tagged With: apartments, benchmark price, condominiums, detached properties, home buyer activity, market trends, mls home price index, residential real estate, sales-to-active listings ratio, single-family homes, supply and demand

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Demand for condominiums continues to outstrip supply

July 5, 2017 by The Velve Group

Vancouver, BC

VANCOUVER, BC – July 5, 2017 – The imbalance between supply and demand in the condominium market is creating home buyer competition across Metro Vancouver. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,893 in June 2017, an 11.5 per cent decrease from the 4,400 sales […]

Filed Under: Market trends Tagged With: apartments, benchmark price, condominiums, detached properties, home buyer activity, market trends, mls home price index, residential real estate, sales-to-active listings ratio, single-family homes, supply and demand

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Market activity picks up in May

June 2, 2017 by The Velve Group

Vancouver, BC, Canada

VANCOUVER, BC – June 2, 2017 – Home buyer activity returned to near record levels across the Metro Vancouver housing market in May. Residential property sales in the region totalled 4,364 in May 2017, a decrease of 8.5 per cent from the 4,769 sales in May 2016, an all-time record, and an increase of 22.8 per […]

Filed Under: Market trends Tagged With: apartments, benchmark price, condominiums, detached properties, home buyer activity, market trends, mls home price index, residential real estate, sales-to-active listings ratio, single-family homes, supply and demand

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