Just released is British Columbia Real Estate Association (BCREA), 2021 Second Quarter Housing Forecast. Multiple Listing Service® (MLS®) residential sales in the province are forecast to rise 33.6 per cent to 125,600 units this year, after recording 94,013 sales in 2020. In 2022, MLS® residential sales are forecast to pull back 20.3 per cent to…
In West Vancouver, there were 80 sales in the month of April. The sales to new listings ratio was 35% which represents a balanced market. For April 2021, the sales to total active listings percentage was 19%, an increase from 6% in April 2020. Sales for April 2021 were up by 58 units compared to…
Home sellers have become increasingly active in Metro Vancouver’s housing market this spring in response to heightened demand and rising home values that have materialized during the pandemic. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 4,908 in April 2021, a 342.6 per cent increase from…
Check out the results of a recent public opinion survey which asked British Columbians about their thoughts on the current hot housing market. From the causes of the historically busy market to Realtor practice, and government intervention, the public weighs in. This episode was recorded on April 26, 2021. Rundown: Introduction Feature Conversation: Mario Canseco,…
Metro Vancouver’s housing market is experiencing record home buyer demand. What do hopeful home buyers need to know to successfully navigate this hectic market? We sat down with Real Estate Board of Greater Vancouver (REBGV) Chair Taylor Biggar to find out. Q: What advice do you have for someone who’s just starting their home buying…
If you’ve heard the term “non-conforming strata” before, there’s something you should know: There’s no such thing, according to the Condominium Home Owners’ Association (CHOA). Typically, this term is used to describe strata properties with less than five units. However, a strata is legally defined as any property where a group of owners own their…
One month into 2021 Metro Vancouver’s housing market continues to follow the pattern set at the end of last year with home sale activity outpacing the supply of homes for sale. A closer look shows REALTOR®’s registered 2,389 home sales on MLS® in January. That’s a +52.1% increase over this time last year and is…
How did the Canadian housing market fare in 2020 with pandemic lockdowns? The Canadian Real Estate Association (CREA) was just released an infographic to show the year in review:
Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months. West Vancouver sales-to-active listings ratio (SAR) for January 2020 was 8.5% for detached homes, 12.1% for condo’s and…
North Vancouver home sales totaled 47 in January 2021, a +95.8% increase from the 24 sales recorded in January 2020, and a -41.25% decreased from the 80 homes sold in December 2020. Last month’s home sales were on par with the 10 year January sales average. More real estate numbers follow showing January market activity…
