Home buyers and sellers adjust their activities in March amid challenging circumstances   Metro Vancouver’s* housing market saw steady home buyer demand to begin March and a levelling off of activity as the month went on and concerns about the COVID-19 outbreak intensified.    The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2 ...

Commercial real estate activity remains below the pace of recent years   Sales and dollar value activity in the Lower Mainland’s commercial real estate market declined in 2019 compared to long-term historical averages.   There were 1,538 commercial real estate sales in the Lower Mainland in 2019, a 32.8 per cent decrease from the 2,288 sales in 2018 and a 41.5 per cent decline compared to ...

Steady demand and low supply benefits home sellers   February saw steady home buyer demand and reduced home seller supply across Metro Vancouver.   The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,150 in February 2020, a 44.9 per cent increase from the 1,484 sales recorded in February 2019, and a 36.9 per cent increase from th ...

BC Budget 2020On February 18th, 2020, the Honourable Carole James, Minister of Finance and Deputy Premier, presented BC Budget 2020-21.  This was the Minister’s third full budget since her Government took power. The Minister stated BC continues to lead the country in economic growth, is the only province in Canada with a Triple-A credit rating and, has the lowest unemployment rate of all prov ...

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 ...

Metro Vancouver’s apartment building sales drop in tight rental market By Peter Mitham | January 22, 2020 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 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   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. 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' 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 ...