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…
In West Vancouver, there were 29 sales in the month of January. The sales to new listings ratio was 21% which represents a buyer’s market. For January 2021, the sales to total active listings percentage was 9%, an increase from 6% in January 2020. Sales for January 2021 were up by 8 units compared to…
In the first month of 2021, Metro Vancouver’s* housing market continued the pattern set at the end of last year with home sale activity outpacing the supply of homes listed for sale. Areas included in Metro Vancouver are: Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta,…
Despite the unusual year, North Vancouver 2020 year end home sale totals elevated for the second consecutive year and up +22% from last year. Throughout the year house inventory was pretty much below North Vancouver’s 10 year monthly inventory average and latter half of the year, NV months of inventory trended below the 10 year…
Helpful Advice: Get the basic knowledge you need before buying a home, plus useful advice to guide you throughout the process. Find it all here. Home listings on the Internet: Visit REALTOR.ca to view the latest home listings on whatever computer or device you’re using. Home listings app for your phone: Add our REALTOR.ca app…
