As we near the end of 2021, home buyer demand remains well in excess of long-term averages and the supply of homes for sale continues to decline across Metro Vancouver’s housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,428 in November 2021, an 11.9…
As a result of highly competitive market conditions and escalating housing prices, BC’s real estate regulator, the BC Financial Services Authority (BCFSA), is developing a consultation on “blind bidding” to understand whether changes to the offer process in real estate transactions could improve protection for homebuyers. This announcement was paired with recent news that the…
West Vancouver‘s sales-to-active listings ratio trend for different property types shows that market conditions vary by property type. Buyers’, sellers’, and balanced markets are terms that describe whether the market is putting upward, downward, or no pressure on home prices. Buyers’ markets typically occur when the sales-to-active listings ratio dips below the 12 per cent…
Our board’s economist Keith Stewart recently released a new quarterly housing market analysis provided below, that looks at MLS® housing market data and other fundamental economic measures affecting the market. Check out the videos with Keith that provide more bite-sized insights into the information in the report. In first video, Keith discusses what’s happening with…
Thinking of a North Vancouver purchase? Or giving thought whether the timing is right to sell your North Vancouver home? Check out the super helpful market activity snapshots below to help you get a sense of today’s real estate market. They are a great breakdown of market activity stats for different North Vancouver property types,…
Home sale activity in Metro Vancouver* remained above historical averages in October while the overall supply of homes for sale dipped to levels not seen in three years. *Areas covered by the Real Estate Board of Greater Vancouver include: Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South…
Monthly, our real estate board provides a snapshot of North Vancouver market activity for different property types (houses, apartments and townhomes). It’s a super helpful real estate snapshot to determine whether the timing is right for you to sell and or buy! How so? Welcome your follow-up to discuss: [email protected] North Vancouver Real…
The MLS® HPI is a measure of real estate prices that provides a clearer picture of market trends over traditional tools such as mean or median average prices. A mean average is the average price obtained by dividing the total dollar volume of sales by the number of sales. To get a median price, all…
Be the first to know! Check out our real estate boards monthly housing market reports to get the most up-to-date statistics and to hear our perspective on what the latest buying and selling trends mean for you. Home sale activity remains elevated across Metro Vancouver’s* housing market while the pace of homes being listed for…
How much do foreign buyers impact Metro Vancouver’s real estate market? “Non-Canadian or permanent resident home purchases have continued to fall throughout the pandemic,” said Keith Stewart, REBGV economist. “All measures of non-Canadian or permanent residents purchasing homes are less than or close to one per cent in July 2021.“ *Note: Areas covered by the…
