The British Columbia Real Estate Association (BCREA) released its 2022 Second Quarter Housing Forecast today. Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 22 per cent from a record high 2021 to 97,240 units this year. In 2023, MLS® residential sales are forecast to fall an additional 12.4 per cent…
BC Financial Services Authority (“BCFSA”) announced today that it has delivered its report, Enhancing Consumer Protection in B.C.’s Real Estate Market, to the Minister of Finance. The report contains a suite of advice on potential parameters of the Government’s proposed homebuyer protection period, commonly referred to as the cooling-off period, for residential real estate sales,…
West Vancouver total active listing numbers for all property types was up this April from the month before; +10.9% for detached homes, +44.4% for condo’s and +18.2% for townhomes. However one-year change was down for all property types, -10.1%, -22.6% and -50% for detached homes, condos and townhomes respectively. WV April residential sale numbers was…
The one-year change for North Vancouver April 2022 residential sales was less for all property types; down -47.5% for detached homes, -39.6% for condos and -24.6% for townhomes. One-month change for all property types was down too; -18% for detached homes, -22.2% for condos and -12.1%. This April total active listings for all property types…
Deciding on what home improvements yield the greatest return on investment can be daunting. According to a recent survey, kitchen renovation is the most worthwhile home improvement project and next is a bathroom renovation. If you might be looking for general guidance on what to home improvements to invest in, check out the great visual…
So far this spring, we’ve seen Metro Vancouver* home sales ease down from the record-breaking pace of the last year. While a small sample size, the return to a more traditional pace of home sales that we’ve experienced over the last two months provides hopeful home buyers more time to make decisions, secure financing and…
Home buyer demand in Metro Vancouver* returned to more historically typical levels in April. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 3,232 in April 2022, a 34.1 per cent decrease from the 4,908 sales recorded in April 2021, and a 25.6 per cent decrease from…
Has the pandemic changed what we want from our homes? The following article says the pandemic has changed what folks want from their homes and builders say they expect those changes to last! The big picture: A ton of pandemic-era adaptations are becoming common fixtures in new homes. The model homes that builders are showing…
West Vancouver March active property listing numbers were not much different from the month before however detached properties were down -8.6%, condos -50.5% and townhomes -42.1% from same month last year. Property sales too were down this March compared to March 2021. Detached properties down -35.7%, condos down -71% and townhomes down -11.1%. The only…
North Vancouver property sales picked up in March from the month before for all property types but down compared to March 2021. SALES One-Month Change One-Year Change Detached Homes …
