Home listings up, sales down and prices starting to decrease to start the summer season

“Home buyers have more selection to choose from and more time to make decisions than they did over the past year,” Daniel John, REBGV Chair said. “Rising interest rates and inflationary concerns are making buyers more cautious in today’s housing market, which is allowing listings to accumulate.” [read more]

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Spring ushers in calmer housing market trends in Metro Vancouver

“With interest rates rising, home buyers are taking more time to make their decisions in today’s housing market,” said Daniel John, REBGV Chair. “Home buyers have been operating in a frenzied environment for much of the past two years. This spring is providing a calmer environment, with fewer multiple offer situations, which is allowing buyers to explore their housing options, understand the changing mortgage market, and do their due diligence.” [read more]

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Metro Vancouver home sales return to more traditional levels in April

“With interest rates climbing and the total inventory of homes for sale inching higher, it’s important to work with your local Realtor to understand how these factors could affect your home buying or selling situation,” John said.  [read more]

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Calmer than last spring’s record pace, Metro Vancouver home buyer demand remains elevated

“We’re still seeing upward pressure on prices across all housing categories in the region. Lack of supply is driving this pressure,” John said. “The number of homes listed for sale on our MLS® system today is less than half of what’s needed to shift the market into balanced territory.”  [read more]

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LISTINGS INCH UP, DEMAND REMAINS STEADY AND PRICE GAINS CONTINUE

The Metro Vancouver* housing market saw steady home sales activity, modest increases in home listings and continued upward trends in pricing in February. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,424 in February 2022, an 8.1 per cent decrease from the 3,727 sales recorded in February 2021, and a 49.8 per cent increase from the 2,285 homes sold in January 2022. [read more]

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sales activity remains up, listings down across Metro Vancouver’s housing market

“The imbalance between supply and demand, coupled with some buyers wanting to use rate holds on lower rate fixed-term mortgages, is keeping upward pressure on home prices in this traditionally quieter time of year for the market,” Stewart said. [read more]

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HOME BUYERS COMPETE FOR FEWER LISTINGS IN OCTOBER

"Metro Vancouver home buyers compete for fewer home listings in October. Home sale activity in Metro Vancouver remained above historical averages in October while the overall supply of homes for sale dipped to levels not seen in three years." [read more]

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SUMMER SEES HOME LISTING SUPPLY DECLINE ACROSS METRO VANCOUVER

Summer sees home listing supply decline across Metro Vancouver. While home buyers have remained active in Metro Vancouver throughout the summer, the supply of homes for sale has declined steadily since June. [read more]

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METRO VANCOUVER’S HOUSING MARKET SETS A STEADY, CALMER PACE TO BEGIN THE SUMMER SEASON

While still elevated, home sale and listing activity in Metro Vancouver* has eased back from the record-setting pace seen in March and April of this year. Last month’s sales were 18.4 per cent above the 10-year June sales average. [read more]

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SUPPLY RESPONSE EMERGES IN METRO VANCOUVER’S ACTIVE HOUSING MARKET

Home sellers have become increasingly active in Metro Vancouver’s housing market this spring in response to heightened demand and rising home values that have materialized during the pandemic. [read more]

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MARCH HOME SALES AND NEW LISTINGS SET RECORDS IN METRO VANCOUVER

Home buyer and seller activity reached unprecedented levels across Metro Vancouver in March. Last month’s sales were 72.2 per cent above the 10-year March sales average and is the highest monthly sales total ever recorded in the region. [read more]

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HOME BUYER COMPETITION INTENSIFIES ACROSS METRO VANCOUVER’S HOUSING MARKET

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,727 in February 2021, a 73.3 per cent increase from the 2,150 sales recorded in February 2020, and a 56 per cent increase from the 2,389 homes sold in January 2021. [read more]

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HOME BUYER DEMAND REMAINS ELEVATED ACROSS METRO VANCOUVER

In the first month of 2021, Metro Vancouver’s* housing market continued the pattern set at the end of last year with home sale activity outpacing the supply of homes listed for sale. [read more]

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Metro Vancouver housing market shows resilience in 2020

“After adapting to the COVID-19 environment, local home buyer demand and seller supply returned at a steady pace throughout the summer, fall and winter seasons," Gerber said. "Shifting housing needs and low interest rates were key drivers of this activity in 2020. Looking ahead, the supply of homes for sale will be a critical factor in determining home price trends in 2021.” [read more]

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November home sales outpace seasonal norms and long-term averages

"The supply of homes for sale are a critical factor in understanding home price trends," Gerber said. "The total number of homes for sale in Metro Vancouver is lagging behind the pace of demand right now. This trend favours home sellers in today's market." [read more]

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8 homes sold in October!

I had the pleasure of selling 8 homes in October. What a month - regionally, October 2020 was the second busiest October on record. It sure felt like it. Congratulation to my clients. Thank you for your trust and confidence! If you are thinking of buying or selling, let’s chat. I’d love to share with you what made October so busy. [read more]

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REBGV Market Update // October 2020

Home sale and listing resurgence extends into the fall Home sale and new listing activity remained at near record levels across Metro Vancouver in October. The Real Estate Board of Greater … [read more]

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REBGV Market Update // September 2020

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,643 in September 2020, a 56.2 per cent increase from the 2,333 sales recorded in September 2019, and a 19.6 per cent increase from the 3,047 homes sold in August 2020. [read more]

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REBGV Market Update // June 2020

“REALTORS® continue to optimize new technology tools and practices to help their clients meet their housing needs in a safe and responsible way,” Colette Gerber, REBGV Chair said “Over the last three months, home buyers and sellers have become more comfortable operating within the physical distancing and other safety protocols in place.” [read more]

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Home prices remain steady in today’s market

"Home prices have been stable during the COVID-19 period," Colette Gerber, REBGV Chair said. "While we’re seeing a variety of long-term projections for the market, it's critical to understand the facts and trends as they emerge." [read more]

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Steady Demand and Low Supply Benefits Home Sellers

February saw steady home buyer demand and reduced home seller supply across Metro Vancouver*. [read more]

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Home sale activity up, supply down to start 2020

“We’ve begun 2020 with steady home buyer demand that tracks close to the region’s long-term average,” Ashley Smith, REBGV president said. “Looking at supply, we’re seeing fewer homes listed for sale than is typical for this time of year. As we approach the traditionally more active spring market, we’ll keep a close eye on supply to see if the number of homes being listed is keeping pace with demand.” [read more]

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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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