News & Tips

It’s our privilege to be your trusted source of information on Vancouver’s real estate market updates so that you can stay current with the latest tips, trends, and stats. Feel free to contact us anytime with your questions.

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

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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

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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

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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 […]

YourHomeTeam Featured in Vancouver Sun

Medallion 2018-March-16 Vancouver Sun

YourHomeTeam – recognized as one of the top real estate teams in Greater Vancouver Medallion award winners again in 2018. Thank you to all of our wonderful and loyal clients.

Housing Market Update March 2018

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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 […]

BC Homeowner Grant Threshold Raised to $1.65M

housing tax

Provincial Government Increases Homeowner Grant Threshold BC Assessment values have increased, but the vast majority of homeowners in the province will still be eligible for the 2018 homeowner grant this year, as the provincial government has raised the threshold for the grant to $1.65 million, up from $1.2 million last year in 2016. Any property owner with a home valued […]

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