Under Market statistics

Metro Vancouver Home Sales Return to Historically Typical Levels

After a quieter first half of 2019, home buyer activity has returned to more historically typical levels in Metro Vancouver*. [read more]

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SQUAMISH: SEA-TO-SKY CITY THE NEXT MAJOR EXURB

Squamish is both quickly becoming a commuter suburb of Vancouver, and undergoing an industrial expansion unseen in decades. And as more Lower Mainlanders are looking to Squamish as an option, driving up house prices. The benchmark price for a detached house increased 27 per cent from $658,600 to $836,100 between March 2015 and March 2016 alone. [read more]

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Market Update: March sales set an all-time record

"March was the highest selling month the REBGV has ever recorded,” Dan Morrison, REBGV president said. “Today's demand is broad based. Home buyers are active in neighbourhoods across our region. Strong job and economic growth in our province, positive net migration and low interest rates are helping to drive this activity," Morrison said. [read more]

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Slumping global commodity prices are indirectly contributing to a rush on Lower Mainland real estate

“A growing population in the region, juxtaposed against a fixed supply of land, particularly developable land,” says Finlayson, “will tend to push up land values, which in turn will put sustained upward pressure on the prices of certain types of housing, especially single-family homes. [read more]

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North Vancouver Housing Market Update: September 2015

As you can see from the stats package below, the North Vancouver housing market continues to sit well into a Sellers market for apartments, townhomes and detached homes, with the sales to active listing ratio well above 20% for all three homes types. [read more]

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Bank of Mom and Dad Enabling Lofty Vancouver Home Buying Goals: REW.ca Survey

“This held true across all age demographics. Three-quarters of under-30s respondents anticipate help from the Bank of Mom and Dad to form a down payment, while even 64 per cent of upsizers in the 41-50 age bracket expect some financial help from family as well.” [read more]

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North Vancouver Housing Market Update: August 2015

“There was no summer lull in our market this year. Home buyers have been working with their REALTORS® throughout the summer months,” Darcy McLeod, REBGV president said. “They’re motivated, but they’re competing for a smaller supply of homes for sale than is typical for this time of year — that’s the dynamic driving our market right now.” [read more]

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North Vancouver Market Update: July 2015

Metro Vancouver home sales were more than a third above the 10-year average in July, while the number of homes listed for sale continues to trend below recent years. [read more]

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REBGV Stats April 2015: Home buyer demand outpacing supply across the Metro Vancouver

“The supply of homes for sale today in the region is not meeting the demand we're seeing from home buyers. This is putting upward pressure on prices, particularly in the detached home market," Darcy McLeod, REBGV president said. “It’s a competitive and fast-moving market today that is tilted in favour of home sellers. [read more]

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REBGV Stats March 2015: Metro Vancouver home buyers out in force in March

"We're seeing strong competition amongst home buyers today. This is leading to more multiple offer situations and some upward pressure on home prices,” Darcy McLeod, REBGV president said. “For sellers, this means that it's taking less time, on average, for your home to sell if you have it priced correctly for today's market." [read more]

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It’s Cinderella time for North Vancouver as house prices shoot up

While Vancouver seems to be on a mission to tear itself down and start over again, North Vancouver, with its ranchers and split levels, has always felt like a trip back in time. It’s the place where you can live in a small house on a big lot and not lose sleep over the size of your mortgage. And it’s within walking distance of some of the best schools, ski hills and mountain biking trails. [read more]

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In 2014, Consumer Demand For Housing in BC Strongest in Five Years

“BC experienced a significant increase in housing demand last year,” said Cameron Muir, BCREA Chief Economist. “Not since the post-recession rebound of 2009 has the market posted such a turn around.” [read more]

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REBGV Market Update: Metro Vancouver home sales above average in October 2014

Home sales in the Metro Vancouver* housing market continue to outpace long-term averages for this time of year. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property … [read more]

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Vancouver’s real estate forecast to stay hot into 2015

Foreign money and a robust provincial economy will preclude any cooling of Vancouver’s red-hot property market next year, according to a major real estate study being released Wednesday. Office space … [read more]

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Real Estate Board Greater Vancouver Stats September 2014

Home sales activity picks up the pace in September Home buyers were active in Metro Vancouver last month, with home sales well exceeding the 10-year average for September. The Real … [read more]

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REBGV July 2014 Housing Market Update

Home buyers continue to slightly outpace sellers, but not by much The Greater Vancouver housing market continues to see slightly elevated demand from home buyers, steady levels of supply from … [read more]

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