June 2019 Market Update

By: Nancy Che Personal Real Estate Corporation

June 2019 Market Update

Tags: Market Update

Housing supply up, home sales and prices down in June With home buyer demand below long-term historical averages in June, the supply of homes for sale continued to accumulate in Metro Vancouver*. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,077 in June 2019, a 14.4 per cent decrease from the 2,425 sales recorded in June 2018 and ...Read More

May Market Update

By: Nancy Che Personal Real Estate Corporation

May Market Update

Tags: Market Update

Monthly *Metro Vancouver1 home sales eclipsed 2,000 for the first time this year in May, although home buyer demand remains below historical averages. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,638 in May 2019, a 6.9 per cent decrease from the 2,833 sales recorded in May 2018, and a 44.2 per cent increase from the 1,829 hom...Read More

April Market Update

By: Nancy Che Personal Real Estate Corporation

April Market Update

Tags: Market Update

Reduced demand and increased supply remain the trend across Metro Vancouver’s housing market Decreased demand continues to allow the supply of homes for sale to accumulate across the Metro Vancouver housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,829 in April 2019, a 29.1 per cent decrease from the 2,579 sales ...Read More

Federal Budget 2019

By: Nancy Che

Federal Budget 2019

Tags: Real Estate Trends

For more information you can go to the Government of Canada website #yourbudget2019 CLICK HERE 1. Effective Immediately RSP maximum withdrawals increase to $35,000 - an increase of $10,000 from before. 2. New Shared Equity program with Canada Mortgage and Housing Corporation (CMHC) $1.25 billion has been earmarked over 3 years to provide 5% of the cost of an existing home (resale) and 10% of the...Read More

March 2019 Market Update

By: Nancy Che

March 2019 Market Update

Tags: Market Update

Prospective home buyers remain on the sidelines in March Metro Vancouver home sales dipped to the lowest levels seen in March in more than three decades. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,727 in March 2019, a 31.4 per cent decrease from the 2,517 sales recorded in March 2018, and a 16.4 per cent increase from the 1,484...Read More

Feb 2019 Market Update

By: Nancy Che

Feb 2019 Market Update

Tags: Market Update

Housing market conditions continue to favour home buyers The Metro Vancouver housing market saw increased supply from home sellers and below average demand from home buyers in February. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,484 in February 2019, a 32.8 per cent decrease from the 2,207 sales recorded in February 2018, and a...Read More

January 2019 Market Update

By: Nancy Che

January 2019 Market Update

Tags: Market Update

Home listings increase while buyers remain in holding pattern Home listings continue to increase across all housing categories in the Metro Vancouver housing market while home buyer activity remains below historical averages. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,103 in January 2019, a 39.3 per cent decrease from the 1,818 ...Read More

Metro Vancouver home sales decline below historical averages in 2018

By: Nancy Che

Metro Vancouver home sales decline below historical averages in 2018

Tags: Market Update

Metro Vancouver home sales in 2018 were the lowest annual total in the region since 2000. The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment properties reached 24,619 on the Multiple Listing Service® (MLS®) in 2018, a 31.6 per cent decrease from the 35,993 sales recorded in 2017, and a 38.4 per cent decrease compared to the 39,943 res...Read More

2019 Housing Outlook

By: Nancy Che

2019 Housing Outlook

Tags: Outlook

Findings from the RE/MAX 2019 Housing Market Outlook Report:   Rising interest rates will be a key factor affecting housing affordability in 2019 36% of Canadians are considering a home purchase in the next five years, down from 48% at the same time last year 65% of Canadians said they do not want to live near a retail cannabis store ...Read More

November 2018 Market Update

By: Nancy Che

November 2018 Market Update

Tags: Market Update

Home buyer demand remains below long-term historical averages in the Metro Vancouver* housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales totalled 1,608 in the region in November 2018, a 42.5 per cent decrease from the 2,795 sales recorded in November 2017, and an 18.2 per cent decrease compared to October 2018 when 1,966 homes sold. Last month&...Read More

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