July 2018 Market Update

By: Nancy Che

July 2018 Market Update

Tags: Market Update

Housing supply up, demand down across Metro Vancouver 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 per cent decrease from the 2,960 sales recorded in July 2017, and a decrease of ...Read More

June 2018

By: Nancy Che

June 2018

Tags: Market Update

Home seller supply grows as demand declines 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 per cent decline from the 3,893 sales recorded in June 2017, and...Read More

April 2018

By: Nancy Che

April 2018

Tags: Market Update

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 per cent decrease from the 3,553 sales recorded in April 2017, and a 2.5 per cent increase compared to March 2018 when 2,517 homes sold. Last month’s sales were...Read More

Fewer home sales and listings in the first quarter of 2018

By: Nancy Che

Fewer home sales and listings in the first quarter of 2018

Tags: March 2018, Market Update

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 per cent decrease from the 3,579 sales recorded in March 2017, and a 14 per cent increase compared to February 2018 when 2,207 homes sold. Last month’s sal...Read More

Home buyers were less active in February

By: Nancy Che

Home buyers were less active in February

Tags: Market Update

Metro Vancouver* home sales dipped below the long-term historical average in February. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,207 in February 2018, a nine per cent decrease from the 2,424 sales recorded in February 2017, and a 21.4 per cent increase compared to January 2018 when 1,818 homes sold. Last month’s sale...Read More

Home buyer demand depends on property type

By: Nancy Che

Home buyer demand depends on property type

Tags: Market Update

Attached and apartment homes are in demand across Metro Vancouver* while detached home buyers are facing less competition today. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,818 in January 2018, a 19.4 per cent increase from the 1,523 sales recorded in January 2017, and a 9.8 per cent decrease compared to December 2017 when 2,016 ...Read More

Metro Vancouver continues to experience above-average demand and below-average supply

By: Nancy Che

Metro Vancouver continues to experience above-average demand and below-average supply

Tags: Market Update, November 2017

Stats for: Metro Vancouver Vancouver East, Vancouver West Burnaby East, Burnaby North, Burnaby South Richmond Coquitlam New Westminster West Vancouver, North Vancouver Fraser Valley Metro Vancouver* saw modest home listing changes and steady demand in November. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,795 in November 2017, a ...Read More

Home buyer demand continues to differ based on housing type

By: Nancy Che

Home buyer demand continues to differ based on housing type

Tags: Vancouver, Market Stats, Statistics, September, 2017

Apartment and townhome activity is outpacing the detached home market across Metro Vancouver. This activity helped push total residential sales above the historical average in September. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,821 in September 2017, a 25.2 per cent increase from the 2,253 sales recorded in September 2016,...Read More

By: Nancy Che

Home buyer demand continues to differ based on housing type

Tags: Vancouver, Market Stats, Statistics, September, 2017

Apartment and townhome activity is outpacing the detached home market across Metro Vancouver. This activity helped push total residential sales above the historical average in September. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,821 in September 2017, a 25.2 per cent increase from the 2,253 sales recorded in September 2016,...Read More

Government adds new qualifying requirements for uninsured mortgages

By: Nancy Che

Government adds new qualifying requirements for uninsured mortgages

Tags: Mortgages, Government News

Effective January 1, 2018, first-time home buyers who don’t require mortgage insurance — those with a down payment of 20 per cent or more — must qualify for their mortgage at a higher rate. This new stress test won’t apply to people renewing their uninsured mortgage. Under the new rules, the minimum qualifying rate for uninsured mortgages will be the greater of the Bank o...Read More

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