Recent sales indicate that larger properties are seeing the greatest drop in prices. There have been two sales of 66′ lots; one in Quilchena and the other in Point Grey that have recently SOLD for $2.88mil and $2.85mil. Only a couple of months ago this price was shockingly low at $3.2mil. To put this in […]
Supply and demand
Canadians Keep Using Their Homes as ATMs Even as Market Swoons
Canadians are ramping up borrowing against their homes even as the real estate market slumps, exposing the country’s financial system to vulnerabilities, rating company DBRS said. Home equity lines of credit, or Helocs, reached a record C$243 billion as of Oct. 31, or 11.3 percent of total household credit, the highest share since mid-2015, analysts […]
Home listings at four-year October high as sales remain below typical levels
VANCOUVER, BC – November 02, 2018 – Home sale activity across Metro Vancouver* remained below long-term historical averages in October. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,966 in October 2018, a 34.9 percent decrease from the 3,022 sales recorded in October 2017, and a […]
More supply and less demand seen across Metro Vancouver housing market
VANCOUVER, BC – October 01, 2018 – The supply of homes for sale continued to increase across the Metro Vancouver* housing market in September while home buyer demand remained below typical levels for this time of year. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 1,595 […]
Home buyer demand stays below historical averages in August
VANCOUVER, BC – September 5, 2018 – The Metro Vancouver* housing market continues to experience reduced demand across all housing types. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,929 in August 2018, a 36.6 percent decrease from the 3,043 sales recorded in August 2017, and […]
Housing supply up, demand down across Metro Vancouver
VANCOUVER, BC – August 2, 2018 – July’s residential housing sales in Metro Vancouver reached their lowest levels for that month since the year 2000. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,070 in July 2018, a 30.1 percent decrease from the 2,960 sales recorded […]
Home seller supply grows as demand declines
VANCOUVER, BC – July 4, 2018 – With home sale activity dipping below long-term historical averages, the supply of homes for sale in Metro Vancouver reached a three-year high in June. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,425 in June 2018, a 37.7 percent […]
Reduced demand is allowing housing supply to accumulate
VANCOUVER, BC – June 4, 2018 – Home buyer demand continues to decline across the Metro Vancouver* housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,833 in May 2018, a 35.1 percent decrease from the 4,364 sales recorded in May 2017, and a 9.8 […]
Home sales down, listings up across Metro Vancouver
VANCOUVER, BC – May 2, 2018 – The Metro Vancouver housing market saw fewer home buyers and more home sellers in April. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,579 in April 2018, a 27.4 percent decrease from the 3,553 sales recorded in April 2017, […]
Fewer home sales and listings in the first quarter of 2018
VANCOUVER, BC – April 4, 2018 – Home buyers and sellers were less active in Metro Vancouver throughout the first quarter of 2018. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,517 in March 2018, a 29.7 percent decrease from the 3,579 sales recorded in March […]