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

Condominium sales drive August activity

By: Nancy Che

Condominium sales drive August activity

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

  Competition for condominiums and townhomes pushed Metro Vancouver* home sales above typical levels in August. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,043 in August 2017, a 22.3 per cent increase from the 2,489 sales recorded in August 2016, and a 2.8 per cent increase compared to July 2017 when 2,960 homes sold. ...Read More

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