Category: Market Updates

Housing Market Update Oct 2018

Halloween house front pumkins

Metro Vancouver’s housing market has changed pace compared to the last few years. Our townhome and apartment markets are sitting in balanced market territory and our detached home market remains in a clear buyers’ market” – REBGV President       BUYERS’ BEST BETS – Top Buyers’ Markets last month were:  West Vancouver Detached at […]

Housing Market Update Sept 2018

Sept Vancouver condos ocean seawall

Vancouver housing market continues to experience reduced demand across all housing types. Last month’s sales were 25% below the 10-year August sales average. “Home buyers have been less active in recent months and we’re beginning to see prices edge down for all housing types as a result,” Phil Moore, REBGV president said. “Buyers today have […]

Housing Market Update Aug 2018

Vancouver Sun beach condos

EWER BUYERS, MORE CHOICE – VANCOUVER HOME SALES HIT LOWEST LEVELS IN 18 YEARS   Overall home sales across all property types in Metro Vancouver are down 30% compared to a year ago July 2017.   “Summer is traditionally a quieter time of year in real estate. This is particularly true this year … with […]

Housing Market Update July 2018

REBGV market update white

Supply Grows As Demand Declines “With reduced demand, detached homes are entering a buyers’ market and price growth in our townhome and apartment markets is showing signs of decelerating … Buyers are less active today. This is allowing the supply of homes for sale to accumulate to levels we haven’t seen in the last few years” […]

Housing Market Update June 2018

English Bay Vancouver Summer

Selection of homes for sale in Metro Vancouver at the highest levels in two years – Reduced demand is allowing housing supply to accumulate. “For home sellers to be successful in today’s market, it’s important to price your property competitively given the shifting dynamics we’re experiencing” – President, Real Estate Board of Greater Vancouver Overall sales for […]

Housing Market Update May 2018

daffodils front of home

Quick Facts: – Overall sales for all home types (including houses, townhouses and condos combined) were down 27% in April 2018 compared to April 2017. – Approximately 19% more properties were newly listed last month than in April last year, giving buyers more selection. – Condo prices are up 24% and Townhomes rose 18% from […]

Housing Market Update April 2018

blossom-home background

HOME SALES DROP, WHILE PRICES CLIMB “High prices, new tax announcements, rising interest rates, and stricter mortgage requirements are among the factors affecting home buyer and seller activity today” – Real Estate Board Greater Vancouver President   LOW INVENTORY & NEW LISTINGS = LOW SALES Overall home sales are down 30% compared to March 2017 […]

Housing Market Update March 2018

House-Sold tag

HOUSING SALES DIP WHILE PRICES RISE “Rising interest rates and stricter mortgage requirements have reduced home buyers’ purchasing power, particularly for those at the entry level of our market … Even still, the supply of apartment and townhome properties for sale today is unable to meet demand. On the other hand, our detached home market […]

Housing Market Update Feb 2018

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STRONG DEMAND FOR CONDOS & TOWNHOMES Townhomes and condos are in demand across Metro Vancouver … while detached home buyers are facing less competition today. Detached home sales last month were up 9.7% from January 2017. The benchmark price for detached properties is $1,601,500. This represents an 8.3% increase from a year ago January 2017. […]

Housing Market Update Jan 2018

winter snow townhomes

2017 Vancouver Housing Market: Steady Sales and Prices Hikes The benchmark price for all residential properties in Metro Vancouver ends the year at $1,050,300, up 16% compared to December 2016. “Market activity differed considerably this year based on property type … Competition was intense in the condominium and townhome markets, with multiple offer situations becoming […]

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