Author: archiwebmanager
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June 2024 Vancouver Real Estate Market Recap
What happened in June 2024 in the Greater Vancouver Housing Market? Sales Down, Inventory Up: June 2024 saw a 24% decrease in sales compared to the 10-year average, while inventory increased by 20%, which should theoretically put downward pressure on prices. Price Changes: Overall pricing is up year-over-year, with detached homes seeing a 3.7% increase,…
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What Happens After Your Offer Is Accepted
You’ve made an offer on a property, what happens when it’s accepted? You searched months for the perfect home, high and low, finally found the perfect one, you make it through negotiations and finally heard those 2 exciting words: ‘Accepted Offer’ Congratulations!….but now what? The Subject Period An offer can be drafted with or without…
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April 2024 Vancouver Real Estate Market Recap
What happened in April 2024 in the Greater Vancouver Housing Market? Listings Surge: April 2024 saw a significant increase in inventory, with new listings up by 64.7% and total inventory rising by 42% year-over-year, and a 16.7% above the ten-year average for April Sales Trends: While sales rose modestly by 3.3% from last year, they…
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March 2024 Vancouver Real Estate Market Recap
What happened in March 2024 in the Greater Vancouver Housing Market? Sales are down 4.7% from March 2023 New listings up 15.9% compared to March 2023 Total listings on the market up 22.5% compared to March 2023 Sales 23.3% below the 10 year seasonal average Detached Market Townhome Market Condo Market
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February 2024 Vancouver Real Estate Market Recap
What happened in February 2024 in the Greater Vancouver Housing Market? Sales are up 13.5% from February 2023 New listings up 31.1% compared to February 2023 Total listings on the market up 16.3% compared to February 2023 Sales 23.3% below the 10 year seasonal average Detached Market Townhome Market Condo Market
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BC Home Flipping Tax – Yay or Nay?
Let’s talk about everyone’s favorite topic: Taxes. Just not the kind due in spring of every year that your accountant looks forward to doing. This kind of tax is the kind that makes you yet again question the state of our Democracy in Canada. The newly announced BC Home Flipping tax, comes into effect on…
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January 2024 Vancouver Real Estate Market Recap
What happened in January 2024 in the Greater Vancouver Housing Market? Sales are up 38.5% from January 2023 New listings up 14.5% compared to January 2023 Total listings on the market up 9.8% compared to January 2023 Sales 20.2% below the 10 year seasonal average Detached Market Townhome Market Condo Market
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2023 Vancouver Real Estate Market Review
FROM THE REAL ESTATE BOARD OF GREATER VANCOUVER: Metro Vancouver housing market shows resilience in 2023, ending the year in balanced territory Metro Vancouver’s housing market closed out 2023 with balanced market conditions, but the year-end totals mask a story of surprising resilience in the face of the highest borrowing costs seen in over a…
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November 2023 Vancouver Real Estate Market Recap
What happened in November 2023 in the Greater Vancouver Housing Market? Sales are up 4.7% from November 2022 New listings up 9.8% compared to November 2022 Total listings on the market up 13.5% compared to November 2022 Sales 33% below the 10 year seasonal average Detached Market Townhome Market Condo Market
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October 2023 Vancouver Real Estate Market Recap
What happened in October 2023 in the Greater Vancouver Housing Market? Sales are up 3.7% from October 2022 New listings up 15.4% compared to October 2022 Total listings on the market up 12.6% compared to October 2022 Sales 29.5% below the 10 year seasonal average Detached Market Townhome Market Condo Market
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September 2023 Vancouver Real Estate Market Recap
What happened in September 2023 in the Greater Vancouver Housing Market? Sales are up 13.2% from September 2022 New listings up 28.4% compared to September 2022 Total listings on the market up 9.2% compared to September 2022 Sales 26.3% below the 10 year seasonal average Detached Market Townhome Market Condo Market
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How Interest Rates Impact Vancouver’s Real Estate Market
How Interest Rates Impact Vancouver’s Real Estate Market As expected in Vancouver, real estate is at the forefront of many investment conversations. Interest rates, while seemingly just a small percentage figure, have profound implications for our residential real estate market. Consider these two different scenarios: Low Interest Rates: When the economy experiences low-interest rates, we…
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Vancouver City Council Approves ‘Multiplexes’ to Address Housing Shortage
Vancouver City Council Approves ‘Multiplexes’ to Address Housing Shortage In a groundbreaking decision on September 14th, the Vancouver City Council unanimously approved a proposal aimed at alleviating the city’s housing shortage. This decision allows for the construction of ‘multiplexes’ in low-density neighbourhoods, marking a pivotal moment after years of discussions among city officials and staff…
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The Advantage of Having a Skilled Buyer’s Agent on Your Side
Buying a property, whether it’s your first home or an investment, is a significant decision. It involves a complex process that can be daunting to navigate alone. This is where a buyer’s real agent becomes an invaluable ally. Did you know that the commission for real estate transactions in BC is typically paid by the…
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August 2023 Vancouver Real Estate Market Recap
What happened in August 2023 in the Greater Vancouver Housing Market? Sales are up 21.4% from August 2022 New listings up 18.1% compared to August 2022 Total listings on the market down 0.2% compared to August 2022 Sales 13.8% below the 10 year seasonal average Detached Market Townhome Market Condo Market
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July 2023 Vancouver Real Estate Market Recap
What happened in July 2023 in the Greater Vancouver Housing Market? Sales are up 28.9% from July 2022 New listings up 17% compared to July 2022 Total listings on the market down 4% compared to July 2022 Sales 15.6% below the 10 year seasonal average Detached Market Townhome Market Condo Market
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Best Neighbourhoods in Vancouver for First Time Home Buyers
Vancouver, known for its stunning natural beauty, vibrant urban lifestyle, coupled with its proximity to beaches and mountains is a desirable city for first-time home buyers. While the Vancouver real estate market can be competitive and challenging, there are still neighbourhoods within Vancouver that offer great opportunities for those looking to purchase their first home.…
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May 2023 Vancouver Real Estate Market Recap
What happened in May 2023 in the Greater Vancouver Housing Market? Sales are up 15.7% from May 2022 New listings down 11.5% compared to May 2022 Total listings on the market down 10.5% compared to May 2022 Sales 1.4% below the 10 year seasonal average Detached Market Townhome Market Condo Market
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PRESALE SPOTLIGHT – Komo by Strand
We’re excited to have early access to one of our favourite presales of the year – Komo by Strand Following the immense success of Strand’s recent tower, Alina, the demand for this type of development has been undeniable. Komo, their latest project, bears a striking resemblance to Alina while incorporating a selection of additional amenities.…
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April 2023 Vancouver Real Estate Market Recap
What happened in April 2023 in the Greater Vancouver Housing Market? Sales are down 16.5% from April 2022 New listings down 29.7% compared to April 2022 Total listings on the market down 4.2% compared to April 2022 Sales 15.6% below the 10 year seasonal average Detached Market Townhome Market Condo Market
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Moving an Elderly Family Member: Tips for a Stress-Free Transition
Moving an elderly family member can be a challenging and emotional experience for both the senior and their loved ones. Whether it is a move to a smaller home, a senior living community, or a long-term care facility, it is important to plan ahead and approach the process with patience, sensitivity, and understanding. Here are…
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March 2023 Vancouver Real Estate Market Recap
What happened in March 2023 in the Greater Vancouver Housing Market? Sales are down 42.5% from March 2022 New listings down 35.5% compared to March 2022 Total listings on the market up 8.1% compared to March 2022 Sales 28.4% below the 10 year seasonal average Detached Market Townhome Market Condo Market
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The New Savings Tool That Can Help You Save For A Larger Down Payment
First Home Savings Account (FHSA) Exciting news for those looking to buy their first home in Canada – the First Home Savings Account (FHSA) is set to arrive in April! This account will allow Canadian residents to contribute up to $40,000 towards their first home, with contributions being tax deductible and any capital gains being…
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February 2023 Vancouver Real Estate Market Recap
What happened in February 2023 in the Greater Vancouver Housing Market? Sales are down 47.2% from February 2022 New listings down 36.6% compared to February 2022 Total listings on the market down 16.7% compared to February 2022 Sales 33% below the 10 year average for February Detached Market Townhome Market Condo Market