Buyers & Sellers comfortable operating in todays Market: May 2020 Market Update

Posted on Jun 22, 2020

Metro Vancouver home prices have remained steady since provincial health officials implemented physical distancing requirements in March.The Real Estate Board of Greater Vancouver (REBGV) reports that the MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver today is $1,028,400. This is virtually unchange...

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REAL ESTATE MARKET UPDATE:     VANCOUVER APRIL 2020        Prices Remain Stable

Posted on May 05, 2020

As home listings and sales declined in April amid COVID 19, new tools and practices emerge to help buyers and sellers adapt. The Real Estate Board of Greater Vancouver reports that residential home sales in the region totalled 1,109 in April 2020, a 39.4% decrease from the 1,829 sales recorded in April 2019, and a 56.1% decrease from the 2,524 home...

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Vancouver Real Estate Market Update March 2020: Effects of COVID-19

Posted on Apr 02, 2020

As we are all aware by now the provincial government has declared a state of emergency due to the current COVID-19 outbreak. Metro Vancouver's housing market saw steady home buyer demand to begin March and a levelling off of activity as the month went on and concerns about the COVID-19 outbreak intensified. The first two weeks of March were the bus...

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Posted on Mar 04, 2020

We saw steady home buyer demand and reduced home seller supply across Metro Vancouver this February. "Home buyer demand again saw strong year over year increases, while the total number of homes listed for sale struggled to keep pace. This was most pronounced in the condominium market" said REBGV President Ashley Smith. The Real Estate Board of Gre...

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Posted on Feb 07, 2020

Home sales and prices remained relatively stable in January of 2020. On the flip side home listing inventory declined giving buyers less product to choose from. The Real Estate Board of Greater Vancouver reports that home sales increased by 42% which is good news for sellers. With less competition and high buyer demand, sharply priced homes are sel...

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Posted on Jan 12, 2020

After a slow start to 2019 the British Columbia Real Estate Association is predicting MLS residential sales across the province to increase 10.9% in 2020. Greater Vancouver residential transactions are predicted to increase by 18% in 2020 compared to last year. The Fraser Valley is expected to see a 12% increase in residential transactions compared...

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