Tagged: REBGV

In The VPG Realty Blog

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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HOME SALE AND LISTING ACTIVITY IN METRO VANCOUVER MOVES OFF OF ITS RECORD-BREAKING PACE

The Metro Vancouver housing market saw steady home sale and listing activity in May, a shift back from the record-breaking activity seen in the earlier spring months. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 4,268 in May 2021, a 187.4 per cent increase from the 1,485 sales recorded in May 2020, and a 13 per cent decrease from the 4,908 homes sold in April 2021. [read more]

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2020 MEDALLION CLUB REALTOR // TOP 10% IN GREATER VANCOUVER

Very proud to have been recognized as a 2020 Medallion Club Realtor by the Real Estate Board of Greater Vancouver. The Medallion Club represents the top 10% of Realtors in Greater Vancouver based on sales volume in a given year. This is the third year in a row earning this recognition and the fifth time since 2014. [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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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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Home sale and listing activity continues to increase in August

“Low interest rates and limited overall supply of homes for sale are creating competition in today’s housing market,” Gerber said. “Your local REALTOR® can help you navigate today’s market and ensure that the latest public health requirements are followed at every step of the process. Above all, safety has to remain our top priority during this pandemic.”just west vanc [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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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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Vancouver presales figures breaking records

Almost all of the presale units in projects under construction downtown are spoken for and sales so far this year have broken records, according to developers. Industry watchers say it’s too soon to tell when or how a slowdown in the resale market will catch up with presales. [read more]

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Government to introduce a 15 per cent foreign buyer tax effective Aug 2

The provincial government will implement a 15 per cent foreign buyer tax on all residential transactions effective August 2, 2016. The tax will be added to the Property Transfer Tax and will apply to all residential properties purchased by foreign nationals or foreign-controlled corporations. [read more]

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Dr. Sherry Cooper: Restrictions on Foreign Ownership of Real Estate

In a surprise move, British Columbia introduced a new 15 percent property transfer tax on foreign real estate buyers in Vancouver on Monday, action intended to calm soaring prices. The new tax would apply to buyers who are neither Canadian citizens, nor permanent residents. [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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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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