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Greater Vancouver’s condo market continued to cool quickly. Real Estate Board of Greater Vancouver (REBGV) numbers show prices are near flat in December. The rapid decline in price growth was accompanied by doubling inventory, and a multi-year low for December sales. Greater Vancouver Condo Prices Are Up Less Than A Point Condo prices in Greater […]
Vancouver’s detached real estate market has wiped out over a year of gains. Real Estate Board of Greater Vancouver (REBGV) numbers show prices continued to fall in December. The falling prices were accompanied by a record low for sales, and higher inventory. Greater Vancouver Detached Prices Fall Over 7% The price of a typical Vancouver […]
Vancouver real estate, welcome to the bear market. Real Estate Board of Greater Vancouver (REBGV) numbers show price declines became larger in December. The drop in prices came with a huge decline in sales, and a surge in inventory. Greater Vancouver Real Estate Prices Fall Over 2.7% The price of a “typical” home across Greater […]
Greater Vancouver real estate pre-sales are slowing, and inventory is rising. Numbers from MLA Canada, one of Vancouver’s top real estate marketing firms, show a decline in new project sales in November. Fewer sales are pushing inventory higher, even with delayed project launches. Vancouver Real Estate Pre-Sales Fall Over 62% Greater Vancouver real estate pre-sales […]
Greater Vancouver condo prices are cooling down in a big way. Real Estate Board of Greater Vancouver (REBGV) numbers show price appreciation has fallen to a multi-year low in November. The slowing growth was accompanied by plummeting sales, and soaring inventory. Greater Vancouver Condo Prices Dropped Over $15k Last Month The price of a condo […]
Congrats, Vancouver! You’re Canada’s most indebted city, largely due to the recent rapid rise in real estate prices. Breaking down the Canada Mortgage and Housing Corporation (CMHC) numbers from yesterday, we can see where Vancouver spends its cash. In Q2 2018, over 80% of Vancouver Census Metropolitan Area (CMA) debt was tied directly to the […]
The bloodbath for Vancouver’s detached real estate market continues. Real Estate Board of Greater Vancouver (REBGV) numbers show a sharp decline in prices for November. The decline was largely the result of declining sales, and rising inventory. Greater Vancouver Detached Real Estate Prices Fall Over 6% The price of a typical detached home in Greater […]
The Greater Vancouver real estate market has officially flipped upside down. The Real Estate Board of Greater Vancouver (REBGV) reported November saw the first annual price drop across the region in years. The price drop isn’t a surprise, as a sharp decline in sales is being met with a big rise of inventory. Greater Vancouver […]
Greater Vancouver real estate is seeing softer demand for pre-sale units. Numbers from MLA Canada, a Vancouver-based real estate advisory firm, show more pre-sale units hit the market than expected in October. At the same time, same month absorption has continued a trend of declines. Greater Vancouver Pre-Sale Real Estate Sales Rise Over 31% The […]
Vancouver condo price growth is coming down. Real Estate Board of Greater Vancouver (REBGV) numbers show price growth continued deceleration in October. A huge drop in sales and a larger rise in inventory is relieving a lot of the pressure on prices to move higher. Greater Vancouver Condo Prices Are Up Over 5% Greater Vancouver […]
