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Category: Vancouver

The hottest news and analysis on Vancouver real estate. Here’s where you’ll find the latest home prices, and trending issues on housing in Metro Vancouver.

Vancouver

Greater Vancouver Condo Pre-Sales Cut In Half, New Inventory Delayed

July 30, 2020

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 […]

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Vancouver

Greater Vancouver Sees Biggest Single-Month Surge of Inventory In Half A Decade

July 27, 2020August 2, 2020

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 […]

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Vancouver

Vancouver Real Estate Sales Are Back, But Prices Still Falling From Peak

July 7, 2020July 7, 2020

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. […]

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Vancouver

Vancouver Real Estate Prices Slide, With Typical Home Dropping $7,600 Last Month

June 2, 2020June 2, 2020

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 […]

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Vancouver

The Median Sale Price of Vancouver Real Estate Takes A Dive

May 5, 2020

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 […]

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Vancouver

Greater Vancouver Insolvencies Make Double Digit Climb

April 21, 2020

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 […]

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Vancouver

Vancouver Detached Home Prices Are Flat, Even With A 24% Jump In Sales

April 8, 2020

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 […]

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Vancouver

Over 930 Greater Vancouver Homes Sold During A State of Emergency

April 3, 2020

Greater Vancouver real estate buyers didn’t yield to warnings of pandemic. Real Estate Board of Greater Vancouver (REBGV) data shows a big climb in real estate sales for March. Despite warnings of a public health emergency, buyers still jumped into the market. It wasn’t until the province declared a state of emergency did buyers slow. […]

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Vancouver

Vancouver Consumer Insolvencies Rise Over 10%

February 12, 2020

Greater Vancouver is following the rest of Canada, with a spike of insolvencies. Office of the Superintendent of Bankruptcy (OSB) data shows households filed a lot more insolvencies in Q4 2019. Overall, Greater Vancouver is showing growth consistent with the province. However, the province is seeing a very rapid rise in the number of distressed […]

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Vancouver

Vancouver Real Estate Prices Stabilize As Inventory Drops

February 6, 2020February 6, 2020

Greater Vancouver real estate may be out of the gutter – for now at least. Real Estate Board of Greater Vancouver (REBGV) data shows sales made a big improvement in January. Real estate sales volumes haven’t returned to typical levels, but a drop in inventory led to a better balance. Prices are now only down […]

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