Tag Archives: BC Market Conditions

Sales Slower While October Listings At Four Year Highs

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

Heated Year for Metro Vancouver Real Estate Concludes

The Metro Vancouver housing market had its third highest selling year on record in 2016, behind only 2015 and 2005.  Sales of detached, attached and apartment properties in the region reached 39,943 in 2016, a 5.6 per cent decrease from the 42,326 sales recorded in 2015, and a 20.6 per cent increase over the 33,116 residential sales in 2014.

“It Read More

Housing Starts Record Pace Won’t Alleviate Near-Term Market Imbalance

Despite the news of BC Housing starts record pace it won’t alleviate near-term market imbalance.  Metro Vancouver home sales eclipsed 5,000 in March for the first time on record. Residential property sales in the region totalled 5,173 in March 2016, an increase of 27.4 per cent from the 4,060 sales recorded in March 2015 and an increase of 24 per … Read More

Vigorous Housing Demand Unabated in August

The British Columbia Real Estate Association (BCREA) reports vigorous housing demand unabated in August, throughout BC. A total of 8,811 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August, up 20 per cent from the same month last year. Total sales dollar volume was $5.5 billion, a 32.8 per cent increase in comparison to the previous … Read More

High Consumer Confidence and Tight Supply Continue to Strengthen Real Estate Prices!

High consumer confidence and tight supply continue to strengthen real estate prices, reports the British Columbia Real Estate Association (BCREA). A total of 10,247 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in July, up 20.7 per cent from the same month last year. Total sales dollar volume was $6.2 billion, a 33.9 per cent increase in … Read More

BC Home Sales Mirror Vancouver and Post Second Strongest June on Record

BC home sales mirror Vancouver and post second strongest June on record, reports the British Columbia Real Estate Association (BCREA). A total of 11,294 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in June, up 25.6 per cent from the same month last year. Total sales dollar volume was $7.1 billion, a 42.6 per cent increase in

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BCREA Reports May Homes Sales at Eight Year High

BCREA reports May homes sales at eight year high. A total of 10,174 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in May, up 16.6 per cent from the same month last year. Total sales dollar volume was $6.4 billion, a 30.4 per cent increase in comparison to the previous year. The average MLS® residential price in

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Hottest April for Home Sales in a Decade

BCREA Chart of Hottest April for Home Sales in a Decade

The British Columbia Real Estate Association (BCREA) reports that BC just had the hottest April for home sales in a decade, with a total of 9,952 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in May, up 28.7 per cent from the same month last year. Total sales dollar volume was $6.3 billion, a 45.5 per cent … Read More

Buyers & Sellers Leave February Historical Averages In the Dust

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 3,061 on the Multiple Listing Service® (MLS®) in February 2015. This represents a 21 per cent increase compared to the 2,530 sales recorded in February 2014, and a 60 per cent increase compared to the 1,913 sales in January 2015.

Last month’s sales

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BC Housing Demand Continues Strong Through February

2015-02chart

BC Housing Demand Continues Strong through February.  BCREA reports that a total of 6,661 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in February, up 19.4 per cent from the same month last year. Total sales dollar volume was $4.3 billion, an increase of 24.8 per cent compared to a year ago. The average MLS® residential price … Read More