The REBGV reports, home sales slower while October listings at four year highs across Metro Vancouver. Residential home sales in the region totalled 1,966 in October 2018, a 34.9% decrease from the 3,022 sales recorded in October 2017, and a 23.3% increase compared to September 2018 when 1,595 homes sold.
Last month’s sales were 26.8% below the 10-year October … Read More
It’s the time of year for your strata water deductible review. The majority of strata Annual General Meetings are coming up over the next few months presenting an ideal opportunity for strata lot owners to verify that their home owner insurance policy water deductible coverage matches that of the strata corporation’s master building policy and if not advise their insurance … Read More
Duplexes Can Now Be Built in 99% of Vancouver’s Single-Family Areas!
Wow, that was quick and seemingly out-of-the-blue!! Duplex re-zoning catches Vancouver by surprise: and is a real game changer! Following only two days of public hearings and heated debates, Vancouver City Council approved a new policy this evening that allows the construction of duplexes within 99% of all single-family … Read More
Staging your home prior to listing, more often than not, results in a faster and more profitable sale.1 In fact, the North American Real Estate Staging Association estimates that professionally staged properties spend 73% less time on the market, receive more foot traffic, and typically sell for more money.2
To get a plan customized for your particular property, … Read More
The Metro Vancouver housing market saw fewer home buyers and more home sellers in April.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,579 in April 2018, a 27.4% decrease from the 3,553 sales recorded in April 2017, and a 2.5% increase compared to March 2018 when 2,517 homes sold.
Market worries keep buyers and sellers on sidelines. Home buyers and sellers were less active in Metro Vancouver throughout the first quarter of 2018.
The REBGV reports that residential home sales in the region totalled 2,517 in March 2018, a 29.7% decrease from the 3,579 sales recorded in March 2017, and a 14% increase compared to February 2018 when 2,207 … Read More
The RE/MAX 2018 Spring Market Update Video Report, is out!
Greater Vancouver continues to be a buyer’s market with great demand for condominiums. The foreign buyer’s tax and high prices for detached homes have had an impact on the low activity in January and February. With the new speculation tax, a lot of buyers are holding off on purchasing.
The Sam Kee Building, located at 8 West Pender Street in Vancouver, British Columbia, Canada, is the “shallowest commercial building in the world” according to the Guinness Book of Records. It runs from the corner of Pender and Carral to the lane at the halfway point of the block. It is two storeys tall and 1.5 meters … Read More
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
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
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
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.
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
Are you wondering how Canada’s new mortgage rules may effect you? Canada posted year-over-year residential price gains in 2017 across most regions. Now in 2018, many housing markets could see reduced purchasing power resulting from the new OFSI mortgage rules that took effect on January 1.
What the what???
If you’re among the 37 per cent of Canadians who … Read More
Attached and apartment homes are in demand across Metro Vancouver while detached home buyers are facing less competition today.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,818 in January 2018, a 19.4 per cent increase from the 1,523 sales recorded in January 2017, and a 9.8 per cent decrease compared … Read More
Oakridge Centre Redevelopment Finally Happening! After more than a decade of planning, construction is set to begin on the Oakridge Centre redevelopment by the end of the year for a full completion in 2025.
And the international team behind the ambitious project says it was worth the wait, as they were able to refine the design to a world-class standard … Read More
Canadians continue to seek balance between affordability and amenities outside of major urban centres
RE/MAX 2018 Canadian Housing Report forecasts 2.5% uptick, in overall prices. This past year saw the single-family detached home and condo markets diverge on distinctly different paths in Canada’s two highest-priced real estate markets, Greater Vancouver and the Greater Toronto Area (GTA). The trend is expected … Read More
Listing Data is based in whole or part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or the Real Estate Board of Greater
Vancouver, which assumes no responsibility for its accuracy. Each RE/MAX office is independently owned and operated.