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Home sale activity up, supply down to start 2020

February 4th, 2020
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Home sale activity up, supply down to start 2020

 

Home sale and price activity remained steady in Metro Vancouver to start 2020 while home listing activity declined in January.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,571 in January 2020, a 42.4 per cent increase from the 1,103 sales recorded in January 2019, and a ...

Real Estate Metro Vancouver’s apartment building sales drop

January 22nd, 2020

Metro Vancouver’s apartment building sales drop in tight rental market

Vacancies flat

According to Simon Fraser University associate professor Josh Gordon, the biggest driver of rental vacancies in a given market is economic activity.

“The low vacancy rate is a product of a high economy – nothing more, nothing less,” he said last fall ...

Home sales decline below long-term averages in 2019

January 6th, 2020

Home sales decline below long-term averages in 2019 despite increased demand to end the year

The Metro Vancouver housing market experienced below average sales activity and moderate price declines in 2019.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment homes reached 25,351 in 2019, a three per cent increase from the 24,619 sales ...

Metro Vancouver home sales return to historically typical levels

December 4th, 2019

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*.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,498 in November 2019, a 55.3 per cent increase from the 1,608 sales recorded in Nove ...

Home sales and prices trending higher in B.C.

November 14th, 2019

Home sales and prices trending higher in B.C.

Sales volume up 19.3% compared to last year, with prices up 5.1%, according to B.C. Real Estate Association

The B.C. Real Estate Association says home sales numbers are up and prices are rising across the province compared to this time last year.

"Most markets around the province are returning to a more typical level of sales activity," sai ...

Coquitlam plans a new walkable city centre as a 'regional downtown'

November 12th, 2019

Coquitlam plans a new walkable city centre as a 'regional downtown'

Draft document shows how Coquitlam's central shopping area will transform into urban hub with retail, restaurants and entertainment over next 25 years

Coquitlam's City Centre neighbourhood is expected to transition from a suburban shopping hub to a regional downtown, according to a new draft plan for the area. — C ...

Home buyer activity increases in October

November 4th, 2019

Home buyer activity increases in October

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 ...

Metro Vancouver needs 30,000 new rental units in next two years

November 4th, 2019

Metro Vancouver needs 30,000 new rental units in next two years: analyst

Incoming tech workers, downsizing empty-nesters, international students will all add to demand for purpose-built rental homes, says researcher

Two years ago, the B.C. NDP campaigned on a pledge to deliver 114,000 affordable housing units within a decade. The housing crisis has hardly improved since then, with price ...

Should You Refinance Your Mortgage To Invest In A Second Home?

October 28th, 2019

Should You Refinance Your Mortgage To Invest In A Second Home?

Know the Pros and Cons Before You Make A Decision on Refinancing Your Mortgage
By Kara Kuryllowicz October 25, 2019

Everywhere you turn, there seem to be new options for what to do with your home equity. And of all the possibilities facing someone with equity, none are as exciting as the potential of investing in a seco ...

CMHC expects housing market to recover in next 2 years after declines

October 25th, 2019

After sales, new builds declined this year and last, housing agency expects prices to exceed 2017 peak by 2021

Canada's federal housing agency says it expects the housing market to recover in the next two years after declines in home building, sales and prices.

Canada Mortgage and Housing Corp. says in its annual market outlook that housing starts should come in at around 200,000 units ne ...

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