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Real Estate Blog

Competition continues to drive Metro Vancouver’s housing market

Metro Vancouver* home buyers spent the summer months searching for their next home. Between June and August, home sales were between 25 and 30 per cent above the ten-year sales average. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver reached 3,362 on the Multiple Listing Service® (MLS®) in August 2015. This represents a 21.3 per cent ...

July 2015 Market Report

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. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver* reached 3,978 on the Multiple Listing Service® (MLS®) in July 2015. This represents a 30 per cent increase compared ...

Vancouver Real Estate keeps breaking records

VANCOUVER, B.C. – July 3, 2015 – Last month was the highest selling June, and the second highest overall monthly total, on record for the Real Estate Board of Greater Vancouver (REBGV). The REBGV reports that residential property sales in Metro Vancouver* reached 4,375 on the Multiple Listing Service® (MLS®) in June 2015. This represents a 28.4 per cent increase compared to the 3,406 sales recorded in June ...

So What’s Hot on the Market Now

Here are some recent market statistics that shows different city regions and their sales to listing ratio. With many detached and attached being popular throughout Metro Vancouver, it’s never been a better time to sell or buy. Click below for the following link to see which areas at what price range is the most popular. May 2015 Vancouver Stats

Metro Vancouver home sales surpass 4,000 for third consecutive month

Metro Vancouver home sales surpass 4,000 for third consecutive month VANCOUVER, B.C. – June 2, 2015 – It continues to be a competitive spring market for Metro Vancouver home buyers. This competition continues to put upward pressure on home prices, particularly in the detached home market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver reached 4,056 ...

Vancouver malls ranked richest in Canada

VANCOUVER — A new study has found that four of Canada’s 20 most productive shopping malls are located in Metro Vancouver, with Vancouver’s Pacific Centre and Oakridge Shopping Centre earning first and third spots respectively on the overall productivity rating. The study was conducted and released this month by Retail Insider after an assessment of Canada’s top shopping centres. They calculated the rankings by ...

Hot market generates interest in flipping in West Vancouver

The hot real estate market is generating a frenzy of interest in property flipping in affluent West Vancouver as speculators turn big profits in only a few months. A review of 23 real estate listings by The Vancouver Sun reveals an average turnaround time of about 6½ months between purchase and relisting, with property asking prices inflated an average of 40 per cent, or ...

Competitive & Fast moving tilted towards Sellers Market – April Market Report

Strong home buyer demand coupled with below average home listing activity has created seller’s market conditions within the Metro Vancouver* housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver reached 4,179 on the Multiple Listing Service® (MLS®) in April 2015. This represents a 37% increase compared to the 3,050 sales recorded in April 2014, and ...

Vancouver home sells for more than $2 million above listed price

A Vancouver home sale that closed this month at more than $2 million — or 33 per cent — above the listed price is the latest eyebrow-raising real-estate deal in a city racked by worries about affordability. The home, at 1383 West 32nd Ave. in Vancouver’s tony Shaughnessy neighbourhood, was listed for $5,990,000 on Feb. 5 of this year, according to its MLS listing. ...

Vancouver tackles issue of vacant homes

VANCOUVER — The City of Vancouver plans to develop a new website in a bid to tackle the growing issue of vacant homes. It will be a digital service where the public can report vacant homes “in a coherent fashion,” according to a memo from the city’s chief housing officer, Mukhtar Latif, which was made public Sunday. Addresses of empty residences will be matched ...