Home sales decline below long-term averages in 2019 despite increased demand to end the year
Posted on Feb 03, 2020
“We didn’t see typical seasonal patterns in 2019. Home buyer demand was quieter in the normally busy spring season and it picked up in the second half of the year,” Ashley Smith, REBGV president said. “In terms of home values, prices dipped between two and four per cent across the region last year depending on property type.”
Home listings on the Mu...
Housing market conditions continue to favour home buyers
Posted on Mar 29, 2019
The Metro Vancouver housing market saw increased supply from home sellers and below average demand from home buyers in February.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,484 in February 2019, a 32.8 per cent decrease from the 2,207 sales recorded in February 2018, and a 34.5 per...
Fewer home sales and listings in the first quarter of 2018
Posted on Apr 10, 2018
Home buyers and sellers were less active in Metro Vancouver* throughout the first quarter of 2018.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,517 in March 2018, a 29.7 per cent decrease from the 3,579 sales recorded in March 2017, and a 14 per cent increase compared to February 201...
New listings are slow to appear - Seller's market
Posted on Mar 02, 2017
Residential home sales in the region totalled 2,425 in February 2017. This is a 41.9 per cent decrease from the record 4,172 homes sold in February 2016 and an increase of 59.2 per cent compared to January 2017 when 1,523 homes sold.
Last month’s sales were 7.7 per cent below the 10-year February sales average.
“February home sales were well below th...
Lukewarm
Posted on Feb 17, 2017
Residential property sales in the region totalled 1,523 in January 2017, a 39.5 per cent decrease from the 2,519 sales recorded in January 2016 and an 11.1 per cent decrease compared to December 2016 when 1,714 homes sold.
Last month’s sales were 10.3 per cent below our 10-year January sales average.
“From a real estate perspective, it’s a lukewarm s...
Fall around the corner, what a crazy year so far..
Posted on Sep 21, 2016
What an incredible year we have had in Vancouver's Real Estate Market! With the summer to fall market transition and since the introduction of the new 15% Foreign Buyer Tax, there was a decline of 26% in sales recorded this August compared to August of 2015. This is also a 22.8% decline compared to last month's sales. For the second straight month...