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Vancouver

Greater Vancouver Condo Sales Rip Over 96% Higher… Prices Still Fall

January 31, 2020

Greater Vancouver condo buyers are back in the market, helping to stop the bleeding. Real Estate Board of Greater Vancouver (REBGV) data shows sales made a substantial increase in December. The rise in sales, combined with declining inventory, helped to stabilize prices – which are still lower than last year. Greater Vancouver Condo Prices Are […]

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Vancouver

Vancouver Detached Real Estate Sees More Sales Than New Listings… Prices Still Drop

January 23, 2020

Greater Vancouver detached real estate buyers are jumping back into the market. Real Estate Board of Greater Vancouver (REBGV) data shows a big increase in sales for December. The increase in sales was accompanied by fewer homes for sale – but prices are still lower. Vancouver Detached Real Estate Prices Are Still Falling Greater Vancouver […]

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Vancouver

Vancouver Rental Vacancies Climb To The Highest Level Since 2013

January 16, 2020

Vancouver’s population growth is still booming, but the rental vacancy rate is climbing. Canada Mortgage and Housing Corporation (CMHC) data shows primary rentals saw vacancies increase in 2019. The rate of vacancy is now at the highest level since 2013, but it has a long way to go to clear that number. Vancouver Rental Vacancies […]

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Vancouver

Greater Vancouver Households Are Going Broke Mega Fast

December 6, 2019

Having trouble keeping up with your bills? So are a lot of people in Greater Vancouver these days. Office of the Superintendent of Bankruptcy Canada (OSB) filings show more people are becoming insolvent in Q3 2019. Greater Vancouver has seen a trend of growth for insolvencies over the past year, but the most recent quarter […]

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Vancouver

Greater Vancouver Real Estate Prices Stop Falling, As Sales Jump

December 4, 2019

Greater Vancouver real estate market is seeing a big return from buyers. Real Estate Board of Greater Vancouver (REBGV) numbers show sales surged in November. Higher sales were accompanied by less inventory, helping to bring prices up for a second month. Despite the 2 months of rising, annual price growth remains negative. Although the gap […]

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Vancouver

Greater Vancouver New Home Sales Fall Over 69%, Developers Throttle New Inventory

November 29, 2019

Greater Vancouver new home sales have been softer than last year, but inventory is drying up. Data from MLA Canada, a Vancouver based real estate firm, shows new project launches made a big decline in October. Falling new unit launches, follows soft sales leading up to last month. In response, developers have been delaying and […]

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Vancouver

Vancouver Condo Price Growth Was Almost 3x Larger Than Houses

November 21, 2019

Vancouver real estate prices are sky high, but they have been coming down. Statistics Canada (Stat Can) updated its new Residential property price index for Q3 2019. The index shows prices made a big climb from two years ago. However, prices are now falling very quickly, especially in the condo apartment segment. Vancouver New Home […]

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Vancouver

Greater Vancouver Pre-Sale Real Estate Makes A Big Jump, But So Does Inventory

October 31, 2019

Greater Vancouver pre-sale real estate buyers are returning. MLA Canada data shows a large increase in sales for September. Rising sales commitments were also met with more inventory though. The net impact is weaker inventory absorption than last year, but a lot more choices for buyers. Greater Vancouver Pre-Sale Inventory Rises 42% Greater Vancouver saw […]

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Vancouver

Vancouver Condo Buyers Are Back, But Prices Are Still Falling

October 29, 2019

The Greater Vancouver condo market is seeing the return of buyers. Real Estate Board of Greater Vancouver (REBGV) data shows a big jump in sales for September. Despite the increase in sales, rising inventory helped to push prices even lower. Greater Vancouver Condo Prices Drop Over 6% Greater Vancouver condo apartment prices are still falling, […]

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Vancouver

Vancouver Real Estate Prices Won’t Stop Falling, But Sales Are Back To Normal

October 10, 2019

Greater Vancouver real estate sales have made a massive jump from last year, but it’s not nearly enough. Real Estate Board of Greater Vancouver (REBGV) numbers show sales climbed over 40% in September.  The massive increase in sales volume wasn’t enough to stop prices from falling. In the City of Vancouver, prices are back to […]

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