News & Tips

Home sales activity rose 65% compared to previous month of May 2020, while home prices experienced minimal change.    The benchmark price for all Metro Vancouver homes that sold in June was $1,025,300, which was down 0.3% from May but up 3.5% from the same month a year ago: DETACHED home prices rose 0.5% compared […]

Buyers and Sellers are growing comfortable and adapting to the new real estate market norm: no open houses, virtual tours to showcase properties, COVID waivers and safety protocols for showings. Metro Vancouver saw a 37% decrease in homes listed for sale compared to a year ago May 2019, but a 59% increase compared to the […]

Due to physical distancing measures and economic uncertainty, April home sales volume dropped 56% compared to the previous month March 2020. However, home sales prices have so far remained fairly steady since the COVID-19 situation worsened in March. Sellers are currently taking advantage of the relatively low spring inventory which means less competition, while Buyers […]

Prior to Covid-19 stay-at-home measures, Greater Vancouver was experiencing a very strong start to the year.  The first two weeks of March were the busiest days of the year for the region with heightened demand and multiple offers being more common. As expected, the number of showings and sales slowed in the last two weeks […]

  February saw increased home buyer demand compared to this time last year, while the total inventory of homes for sale struggled to keep pace.   “If you’re considering listing your home for sale, now is a good time to act with increased demand, reduced competition from other sellers, and some upward pressure on prices” […]

Kitsilano is ranked Greater Vancouver’s #1 most searched neighbourhood in 2019

The new year started with a 42% jump in home sales volume compared to January 2019, while new listing inventory was down 20% from the same time last year. In January, sales and prices continued the upward trend which started in the Fall of 2019 in most parts of Vancouver. “We’ve begun 2020 with steady […]

In the first part of the year many prospective buyers were in a holding pattern waiting to see how prices would react to the mortgage stress test, new taxes, and other policy changes. Buyer confidence started to return in late summer and we saw above-average sales in the second part of 2019. As a result, […]

1. What is the Government of Canada’s First Time Home Buyer Incentive program (FTHBI)? The FTHBI program enables qualified first-time homebuyer/s (the “Homebuyer”) to reduce their monthly mortgage payment without increasing the amount they must save for a down payment, by providing the Homebuyer with a portion of the purchase price of the home (the “Incentive”). The […]

After flattening out in the summer, the real estate market rallied in the Fall and continued its positive trend in November with many areas moving from buyer’s markets to balanced markets and some into seller’s markets. Canada Mortgage and Housing Corporation (CMHC) is forecasting price increases in 2020 in British Columbia: “Prices will start recovering […]