Stay Tuned Into The Real Estate Market

March 31st Deadline - Speculation Tax Reminder!

Posted on Feb 26, 2019

WHAT IS IT?

The speculation and vacancy tax is a key measure in tackling the housing crisis in major urban centres in British Columbia, where home prices and rents have skyrocketed out of reach for many British Columbians.

The provincial government is taking action because people who live and work in B.C. deserve an affordable place to call home.

The...

Read More

November Market Update

Posted on Dec 06, 2018

Home buyer demand remains below long-term historical averages in the Metro Vancouver housing market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales November 2018, a 42.5 per cent decrease November 2017.

Last month’s sales were 34.7 per cent below the 10-year November sales average and was the lowest sales for t...

Read More

North Shore Market Trends

Posted on Mar 07, 2018

This month rather than sending the general REBGV statistics, we wanted to show how trends in our own backyard looks like.

The charts below show detached homes & condos in a specific price range over the last 3 years. Very interesting...

A few key points:

*The North Shore condo market in the $600,000- $1,000,000 is heavily active and shows a greater in...

Read More

January Market Update

Posted on Feb 07, 2018

While detached homes buyers are facing less competition today, attached and apartment homes are still in big demand across Metro Vancouver. 
Buyers in the detached market are facing less competition and have much more selection to choose from. 

  • Looking at all sales - residential home sales are up in January 19.4% over January 2017
  • Detached sales were do...

Read More

2017 Wrapped Up - Real Estate Market Summary

Posted on Jan 11, 2018

Steady Sales and Low Inventory Throughout 2017

After reaching record sales levels in 2015 & 2016, Metro Vancouver home sales returned to more normal levels in 2017.  Home listings numbers, came in several thousand below the typical levels (Low Inventory).

Sales of detached, attached and apartments were down -9.9% from 2016 and down-15% over 2015. Stil...

Read More