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Vancouver

Greater Vancouver New Home Absorptions Rise, After Cutting Releases In Half

September 26, 2019

Greater Vancouver is seeing new home release absorption improve, but the market is still slow. MLA Canada numbers show pre-sale absorption hit a high for 2019, this past August. The catch is absorption received a boost due to a number of project delays, due to slow sales. Greater Vancouver New Home Inventory Falls Over 75% […]

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Vancouver

Vancouver Condo Prices Are Where They Were Almost Two Years Ago

September 19, 2019

The Greater Vancouver condo market is seeing some improvements, but not many. Real Estate Board of Greater Vancouver (REBGV) data shows the price of a condo apartment fell in August. The declines are getting smaller though, as sales and inventory find a better mix. Greater Vancouver Condo Prices Are At Down To 2017 Levels The […]

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Vancouver

Greater Vancouver Detached Real Estate Sales Rise As Prices Fall To 2016 Levels

Vancouver Real Estate Saw Only 36 Homes Go To Foreign Buyers
September 12, 2019

Greater Vancouver’s detached real estate market is seeing improvements, just not in prices right now. Real Estate Board of Greater Vancouver (REBGV) data shows prices are still falling in August. The decline in prices came, even though sales made a double digit surge and inventory fell. Greater Vancouver Detached Real Estate Prices Fall Further Greater […]

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Vancouver

Greater Vancouver Real Estate Prices Enter Technical “Correction”

September 5, 2019

Greater Vancouver real estate is improving, but it’s not even close to normal yet. Real Estate Board of Greater Vancouver (REBGV) numbers show a big climb in sales in August. The rise in sales was met with a jump in inventory though, offsetting most of the improvement. The region continued to see falling prices, with […]

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Vancouver

Vancouver Real Estate Developers Drop New Inventory By Over 90%

August 29, 2019

Greater Vancouver real estate developers are launching less units – a lot less. MLA Canada numbers show July saw the fewest new pre-sale units launched in years. Developers have been delaying new releases in response to weak absorption. Fewer launches did help to firm up the absorption ratio, but even with the “firming” sales came […]

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Vancouver

Vancouver Condo Sales Jump, But Prices Fall Back To September 2017 Levels

August 27, 2019

Greater Vancouver condo sales are up, but prices fell even further last month. Real Estate Board of Greater Vancouver (REBGV) numbers show a big jump in sales in July. However, the double digit jump in volume wasn’t quite enough to bring prices higher. The price of a typical condo continued to slide, falling to a […]

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Vancouver

Greater Vancouver Detached Real Estate Sales Rise, But Prices Fall Further

Greater Vancouver Detached Real Estate Sales Rise, But Prices Fall Further
August 14, 2019

Vancouver’s detached real estate market made improvements, but it isn’t back to normal. Real Estate Board of Greater Vancouver (REBGV) numbers show sales made a huge climb in July. However, the double digit rise in sales still fell short of typical volumes for the month. As a result, the price of a typical detached home […]

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Vancouver

Vancouver Real Estate Sales Rise, But Fall Short of Typical As Prices Slide Further

August 6, 2019

More people are jumping back into the Greater Vancouver real estate market. Real Estate Board of Greater Vancouver (REBGV) sales made a huge annual increase in July. The increase still fell short of typical volumes for the month, helping to send prices even lower. Greater Vancouver Real Estate Prices Are Still Falling Greater Vancouver real […]

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Vancouver

Greater Vancouver Real Estate Developers Sold Fewer Than 75 New Homes Last Month

July 26, 2019

Greater Vancouver’s new home sales are slowing faster than anyone could have expected. Numbers from MLA Canada, a notable real estate advisory firm, show sales dropped in June. Absorption of new projects is now at a level so low, it’s expected to delay the launch of many new projects. Real Estate Developers Launched The Fewest […]

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Vancouver

Half of Greater Vancouver Can’t Afford A One Bedroom Rental

July 19, 2019

Vancouver real estate is hella expensive, but it’s become ridiculous in recent years. Canadian Centre for Policy Alternatives (CCPA) crunched the numbers to find the wage needed to rent in Greater Vancouver. Breaking down the numbers further, we see how unsustainable the region has become. The average one-bedroom is now unaffordable to over half of […]

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