Vancouver real estate is seeing rapid deceleration of price gains, and printed the worst sales numbesr in 27 years.
Vancouver real estate is seeing the worst sales in years, and detached homes were no exception. Real Estate Board of Greater Vancouver (REBGV) numbers show detached sales continued to grind lower in August. The decline in detached sales, combined with a rise in inventory, helped to push prices tens of thousands of dollars lower. Vancouver […]
Vancouver real estates is finally starting to cool down, but it’s doing so incredibly fast. Real Estate Board of Greater Vancouver (REBGV) numbers show growth deceleration in August. This is the sixth consecutive month we’ve seen price growth slow. The slowing growth is largely due to sales plummeting, while inventory begins to soar. Greater Vancouver […]
The Greater Vancouver condo market is quickly changing. Real Estate Board of Greater Vancouver (REBGV) numbers show July saw inventory surge. The rise in inventory was met with big declines in sales, releasing a lot of the pressure for prices to rise. Vancouver Condo Prices Fall For A Second Month The price of a typical […]
Greater Vancouver detached real estate printed its first negative annual negative price movement in almost 5 years.
Vancouver real estate is finally returning to reality. Real Estate Board of Greater Vancouver (REBGV) numbers show prices are still up from last year, but have stalled month-over-month. The stalled prices were accompanied by much lower sales, and multi-year highs for inventory. Greater Vancouver Home Prices Are Basically Flat From Last Month The price of […]
Vancouver real estate debt has been soaring, but how much other debt do households have? Equifax numbers from the Canada Mortgage and Housing Corporation (CMHC) show that the majority of debt is real estate related, but there’s still a whack of consumer debt. When broken down into payments, more than a third goes to servicing […]
Vancouver detached real estate prices are near all-time highs, despite producing the worst first quarter of sales in over 27 years.
Lower condo sales and higher inventory should relieve some of the pricing pressure in Vancouver, right? Not according to numbers published by the Real Estate Board of Greater Vancouver.
Teranet’s HPI shows Vancouver real estate printed an all-time high in February, but a deep dive into the data actually shows a huge monthly decline that’s being averaged out. Here’s what you need to know.