Tag Archives: Housing Market

Metro Vancouver Real Estate Market Dropped Throughout First Quarter

Home buyers and sellers were less active as Metro Vancouver real estate market dropped throughout first quarter of 2018.

The Real Estate Board of Greater Vancouver (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 … 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

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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How Much Do you Need To Earn To Own A Home?

Housing Affordability Across Canada

How much do you need to earn to own a home? In Canada, it depends where you live!  Just finished watching an episode of “Mad Men” where everyone was shocked a home could cost as much as $5,000… Pffft, don’t we all wish!!  Being shocked over the price of a home is nothing new. As the saying goes, “the more … Read More

RE/MAX 2015 Housing Market Outlook Report is Out!

REMAX-Housing-Report

Vancouver, December 10th, 2014 – RE/MAX’s 2015 Housing Market Outlook Report, indicates Canada’s average residential sale price is projected to increase two to three per cent in the year ahead.  The outlook for Vancouver and the Lower Mainland continues to be strong with the expectation of prices to continue rising, albeit more modestly, yet still matching the national … Read More