Home sale and listing activity in Metro Vancouver moves off of its record-breaking pace VANCOUVER, BC – June 2, 2021 – The Metro Vancouver* housing market saw steady home sale and listing activity in May, a shift back from the record-breaking activity seen in the earlier spring months. The Real Estate Board of…
Vancouver Market Update: May Market update April 2021 listings were 342% higher than the same month last year, but there was also a 14% decrease in homes sold from the prior month. When the sales-active listing ratio is below 12%, analysts believe prices will trend downward. When the ratio is above 20%, prices should trend…
Rising Rates Effect On Vancouver Real Estate: March Vancouver real estate listings in February were up 56% from the previous month, which is 73.3% higher than the same time last year. Analysts predict that prices will go down when the sales to active listing ratio goes below 12%. When the ratio is above 20%, it…
Forecast Real estate There are two camps for the 2021 forecast: the bulls and the bears. For the bulls, CREA says we should go up by 9.1%, RE/MAX says 4-6%, and Royal LePage says 5.5%. These estimates are based on different housing trend factors. The bears are pessimistic: RBC and Scotiabank think it will…
Supply response emerges in Metro Vancouver’s active housing market VANCOUVER, BC – May 4, 2021 – Home sellers have become increasingly active in Metro Vancouver’s* housing market this spring in response to heightened demand and rising home values that have materialized during the pandemic. The Real Estate Board of Greater Vancouver (REBGV) reports that…
Hot Areas to Invest in Vancouver April 8, 2021 Christian Dy, Latitude West Financial Mike Stewart, Oakwyn Realty Downtown Top producing realtor since 2005 vancouvernewcondos.com or mikestewart.ca Market update March 2021 listings were significantly up 126% from the same month last year. The number of transactions last March were super low because of COVID when…
March home sales and new listings set records in Metro Vancouver VANCOUVER, BC – April 2, 2021 – Home buyer and seller activity reached unprecedented levels across Metro Vancouver* in March. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 5,708 in March 2021, a 126.1…
Home buyer competition intensifies across Metro Vancouver’s housing market VANCOUVER, BC – March 2, 2021 – Competition amongst home buyers is putting upward pressure on home prices across Metro Vancouver’s* housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,727 in February 2021,…
Hot Areas to Invest in Vancouver February 11, 2021 Christian Dy, Latitude West Financial Mike Stewart, Oakwyn Realty Downtown Top producing realtor since 2005 vancouvernewcondos.com or mikestewart.ca Market update January 2021 listings were up 86% from December, one month prior. This is 15.7% higher than in January 2020, so the year will be busy…
Home buyer demand remains elevated across Metro Vancouver VANCOUVER, BC – February 2, 2021 – In the first month of 2021, Metro Vancouver’s* housing market continued the pattern set at the end of last year with home sale activity outpacing the supply of homes listed for sale. The Real Estate Board of Greater…
Metro Vancouver housing market shows resilience in 2020 VANCOUVER, BC – January 5, 2021 – Strong December activity brought Metro Vancouver’s* 2020 home sales total in line with the region’s long-term annual average. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 30,944 in 2020,…
Hot Areas to Invest in Vancouver December 17, 2020 Christian Dy, Latitude West Financial Mike Stewart, Oakwyn Realty Downtown Top producing realtor since 2005 vancouvernewcondos.com or mikestewart.ca Market update Real estate in Vancouver is doing very well. November sales are up 24.6% above the 10-year average. Only twice in the past 10 years has…
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