Vancouver real estate has seen a big boost in buying activity, even condos. Real Estate Board of Greater Vancouver (REBGV) data shows sales jumped in July. The increase isn’t translating into the price gains seen in the general market though. This is due to the large number of new listings for condos, which hit the […]
Greater Vancouver real estate was surprisingly busy for the middle of a pandemic. Real Estate Board of Greater Vancouver (REBGV) data shows sales ripped higher in July. The increase in sales was enough to push prices higher, but they remain below pre-pandemic levels. Greater Vancouver Real Estate Prices Just Below Pre-Pandemic Levels Greater Vancouver real […]
The pandemic drove Greater Vancouver new home sales off a cliff, but things have improved… a little. MLA Canada, a Vancouver-based real estate firm specializing in condo pre-sales, observed an increase in absorption for June. Despite unusual market conditions and a bump from lows, absorption is the same rate as last year. Although the current […]
British Columbia is running out of first-time buyers, despite falling prices. Government of British Columbia filings show first-time homebuyers made a small increase in June, compared to the month before. However, this increase wasn’t big enough to reach last year’s levels. The province continues the multi-year trend of declining first-time homebuyers. B.C. First-Time Homebuyers Drop […]
A lot of Greater Vancouver condo owners all had the same idea – last month was the perfect month to sell. Real Estate Board of Greater Vancouver (REBGV) data shows June saw the largest single-month surge of new condo apartment listings in at least half a decade. While sales did also rise from last year’s […]
Greater Vancouver real estate sales are returning to pre-pandemic levels, but it’s not quite the same. Real Estate Board of Greater Vancouver (REBGV) data shows June sales are almost at last year’s levels. Despite the increase, new listings are hitting the market at such a rapid pace, prices are actually falling further from the peak. […]
Greater Vancouver real estate is still adjusting to the pandemic, but buyers seem to be more deterred than sellers. Real Estate Board of Greater Vancouver (REBGV) data shows the price of a typical home made a significant monthly decline in May. Inventory fell from last year’s levels, but didn’t drop nearly as much as sales […]
Greater Vancouver real estate is feeling pressure from the pandemic, but how much is up for debate. Real Estate Board of Greater Vancouver (REBGV) sales are down to multi-decade lows for April. That much is clear. Price indicators are all over the place though, with the slow moving benchmark showing the highest price growth in […]
Greater Vancouver is seeing insolvencies climb, not unlike the rest of Canada. Office of the Superintendent of Bankruptcy (OSB) filings show insolvencies increased in February. While the increase was in the double digits, the city managed a slower increase than the province as a whole. Greater Vancouver Insolvencies Rise Over 10% Greater Vancouver insolvencies are […]
Greater Vancouver’s detached real estate market was stabilizing going into the pandemic… sort of. Real Estate Board of Greater Vancouver (REBGV) data shows a big jump in detached homes for March. The month still came in historically low however, with prices rising less than one percent. Detached Real Estate Prices Rise Less Than 1% Greater […]
