Category: Market Updates

Higher Demand Than Supply for Homes Across Vancouver Low housing inventory coupled with strong demand, specifically for condos and townhomes, propelled the market in March. The number of new listings has not been this low since March 2009. Ongoing competition to purchase condos and townhomes means attached home prices will likely continue to increase until […]

Condo Demand Continues to Outstrip Supply Demand for condos and townhomes remain high, even though year-over-year sales volume of attached properties were down approximately 30 percent. Condo prices have increased 2.3 percent over the past six months and February 2017 prices were up 2.7 percent compared to January 2017.  We continue to experience an extremely competitive condo market, […]

Mixed Start to the New Year for Vancouver’s Housing Market After near record-breaking housing sales in 2016, the Vancouver real estate market started the year in January 2017 with a mix of cooling trends in some areas and hot spots in others. Overall, Vancouver residential real estate sales volume for January 2017 was down approximately […]

2016 Year End Housing Market Update: A heated year for Metro Vancouver real estate draws to a close The Metro Vancouver housing market had its third highest selling year on record in 2016, behind only 2015 and 2005. Sales of detached, attached and apartment properties in the region reached 39,943 in 2016, a 5.6 per […]

Home sales and listings just below 10-year average Home buyer and seller activity remains near  historical averages in the Metro Vancouver* housing market. Residential home sales in the region totalled 2,214 in November 2016, a decrease of 0.9 per cent  from the 2,233 sales recorded in October 2016 and a decrease of 37.2 per cent […]

Home sale and listing activity dip below historical averages in October Reduced home sale and listing activity are changing market dynamics in communities across Metro Vancouver*. Residential property sales in the region totalled 2,233 in October 2016, a 38.8 per cent decrease from the 3,646 sales recorded in October 2015 and a 0.9 per cent […]

Home Buyers and Sellers Face Changing Market Dynamics Metro Vancouver* home sales dipped below the 10-year monthly sales average last month. This is the first time this has occurred in the region since May 2014. Metro Vancouver home sales totalled 2,253 in September 2016, a decrease of 32.6 per cent from the 3,345 sales recorded […]

BC Housing Demand Remains Strong Despite Fewer Vancouver Home Sales Vancouver, BC – September 13, 2016 – For the complete news release, including detailed statistics, click here. The British Columbia Real Estate Association (BCREA) reports that 8,945 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August, up 1.5 per cent from the […]

Majority of Detached home markets across Metro/Greater Vancouver moved into Buyers & Balanced Market conditions in August. Attached (ie. Condos / Townhomes) mostly remain in Sellers Market. Email info@YourHomeTeam.com for your free SnapStats analytics report.    

Metro Vancouver home sales return to typical August levels VANCOUVER, BC – September 2, 2016 – For the second straight month, home buyer demand in Metro Vancouver* moved off of the record-breaking pace seen earlier this year and returned to more typical levels. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property […]