Under Market Update

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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VANCOUVER HOME SALES SURGE 45% IN OCTOBER TO TOP 10-YEAR AVERAGE

The Metro Vancouver* housing market is experiencing a fall pickup in home sale activity. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,858 in October 2019, a 45.4 per cent increase from the 1,966 sales recorded in October 2018, and a 22.5 per cent increase from the 2,333 homes sold in September 2019. [read more]

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INCREASED DEMAND HELPS HOUSING MARKET REACH BALANCED TERRITORY

“We’re seeing more balanced housing market conditions over the last three months compared to what we saw at this time last year,” Ashley Smith, REBGV president said. “Home buyers are more willing to make offers today, particularly in the townhome and apartment markets.”  [read more]

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Metro Vancouver housing market sees summer uptick in sales

“Home sales returned to more historically normal levels in July and August compared to what we saw in the first six months of the year,” said REBGV President Ashley Smith. [read more]

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May sees modest increase in home sales while housing supply reaches five-year high

“Whether you’re a buyer looking to make an offer or a seller looking to list your home, getting your pricing right is the key in today’s market,” Smith said. “To be competitive, it’s important to work with your local REALTOR® to assess and understand the latest trends in your neighbourhood and property type of choice.” [read more]

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Market Update: Squamish Townhomes January 2019

With that being said, home Buyers are still looking to Squamish for its mix of small town feel, access to excellent job markets in Whistler and Vancouver, outdoor lifestyle and general affordability compared to neighbouring communities. If you're a first time buyer with a young family, you can buy a nice 3 bedroom townhome in Squamish starting in the high $500's in the resale market. [read more]

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Market Update: REBGV Stats January 2019

“REALTORS® are seeing more traffic at open houses compared to recent months, however, buyers are choosing to remain in a holding pattern for the time being,” Phil Moore, REBGV president said. [read more]

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REBGV Market Update: Home buyer demand stays below historical averages in August

“Home buyers have been less active in recent months and we’re beginning to see prices edge down for all housing types as a result,” Phil Moore, REBGV president said. “Buyers today have more listings to choose from and face less competition than we’ve seen in our market in recent years.” [read more]

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May 2018 Housing Market Update – Real Estate Board of Greater Vancouver

“With fewer homes selling today compared to recent years, the number of homes available for sale is rising,” Phil Moore, REBGV president said. “The selection of homes for sale in Metro Vancouver has risen to the highest levels we’ve seen in the last two years, yet supply is still below our long-term historical averages.” [read more]

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B.C. speculation tax: Here’s what you need to know

The government expects to introduce legislation in the fall to make the tax part of law and they say 99 per cent of British Columbians will be exempt from paying the tax. The tax will be applied on properties that are not the primary residences of the owner — they’re not living there for more than six months per year — and that aren’t being occupied by a tenant when the owner isn’t there. [read more]

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2018 BC Budget & Real Estate

Yesterday, the BC Provincial Government released the BC Budget 2018. Included in the budget were a number of previously promised initiatives to help curb speculation and rapid price appreciation in the BC real estate market. Tony Spagnuolo from Spagnuolo & Company Lawyers and Conveyancing has summarized the information. [read more]

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December 2016 Real Estate Market Newsletter

I just posted my December 2016 North Shore, Vancouver + Sea to Sky real estate market newsletter. Take a look and feel free to leave a comment. Lots of moving parts in the market right now with changing demand trends, pricing in many neighbourhoods, new legislation and assistance for first-time buyers from the Province. [read more]

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Home prices jumped 40 per cent in Vancouver. Where are all the cranes?

When something becomes more expensive, people will produce more of it. According to that pillar of Econ 101, new homes should be springing up all over Vancouver. Which they aren’t. Meanwhile, thanks to strict land-use rules and lobbying by existing homeowners, supply has stalled. [read more]

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October 2016 Real Estate Market Update Newsletter

If you are considering a move into the real estate market as a Buyer or Seller this Fall or in 2017, lets grab a coffee and chat. I would love to provide you with an update on the market and talk to you about my approach to buying and selling homes and investment properties. [read more]

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