Monthly Archives: March 2018

Goodbye Yaletown Parallel Parking, But Angled Parking Remains.

The City of Vancouver has backed down on its controversial plan to remove angled parking stalls on Hamilton Streets and Mainland Streets, and instead it will be implementing a pilot program of removing parallel parking spaces.

Depending on who you ask, between 80 and 150 stalls would have been removed if angled parking areas were replaced with parallel parking, … Read More

Northeast False Creek Development Plan Fly-Through Animation

Enjoy this fly-through animation showing the design and scale of the proposed Northeast False Creek district on the edge of downtown Vancouver.

City council has given the green light to a 20-year ambitious plan to transform 58 hectares of land in Northeast False Creek — once home to lumber mills, a ship-building industry and Expo 86 — into the equivalent … Read More

BCREA Housing Market Update – March 2018

The British Columbia Real Estate Association (BCREA) reports that a total of 6,206 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in February, a 5.7% decrease from the same period last year. The average MLS® residential price in BC was $748,327, up 8.8% from the previous year. Total sales dollar volume was … Read More

New Mortgage Qualification Rules Temper Housing Demand

MLS Residential Sales - Feb'18 - Mark J. Walker

It appears the new mortgage qualification rules have tempered housing demand.  The British Columbia Real Estate Association (BCREA) reports that a total of 6,206 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in February, a 5.7% decrease from the same period last year. The average MLS® residential price in BC was $748,327, up 8.8% … Read More

February Home Buyers Were Less Active

Metro Vancouver home sales dipped below the long-term historical average in February.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totaled 2,207 in February 2018, a nine per cent decrease from the 2,424 sales recorded in February 2017, and a 21.4% increase compared to January 2018 when 1,818 homes sold.

Last month’s … Read More

BC Housing Demand Forecast Slower Through 2019

Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 8.6 per cent to 94,855 units this year, after recording 103,763 residential sales in 2017. MLS® residential sales are forecast to edge back a further 1 per cent to 94,025 units in 2019. Housing demand is expected to remain above the 10-year average of 84,800 units into … Read More