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The Velve Group

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Bryan Velve Personal Real Estate Corporation
RE/MAX Select Properties

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Supply and demand

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Larger properties on Vancouver’s Westside are seeing the greatest drop in prices.

February 26, 2019 by The Velve Group

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 […]

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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Canadians Keep Using Their Homes as ATMs Even as Market Swoons

February 25, 2019 by The Velve Group

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 […]

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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Home listings at four-year October high as sales remain below typical levels

November 2, 2018 by The Velve Group

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 […]

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, vancouver real estate

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More supply and less demand seen across Metro Vancouver housing market

October 2, 2018 by The Velve Group

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 […]

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, vancouver real estate

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Home buyer demand stays below historical averages in August

September 5, 2018 by The Velve Group

City Hall, Vancouver, BC

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 […]

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, vancouver real estate

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Housing supply up, demand down across Metro Vancouver

August 2, 2018 by The Velve Group

Kitsilano Point view, Vancouver, BC, Canada

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 […]

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, vancouver real estate

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Home seller supply grows as demand declines

July 5, 2018 by The Velve Group

Kitsilano Beach, Vancouver, BC, Canada

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 […]

Filed Under: Market trends Tagged With: apartments, benchmark price, buyers' market, 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, vancouver real estate

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Reduced demand is allowing housing supply to accumulate

June 4, 2018 by The Velve Group

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 […]

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

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Home sales down, listings up across Metro Vancouver

May 2, 2018 by The Velve Group

View to North Shore mountains, Vancouver, BC, Canada

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, […]

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, vancouver real estate

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Fewer home sales and listings in the first quarter of 2018

April 4, 2018 by The Velve Group

Inukshuk, Vancouver, BC, Canada

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 […]

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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