Sales activity quickly eating up supply of homes for purchase in Vancouver

Posted on Oct 06, 2021

Reports from the Real Estate Board of Greater Vancouver (REBGV) show that regional home sales reached a total of 3,149 in September of this year. This is a 13.6% decrease from September of 2020 and a 0.1% decrease from August 2021. The sales for September 2021 were 20.8% above the 10-year sales average for the month.
There were 5,171 newly listed ho...

Read More

Renting vs. Buying & The Dissection of a Social Media Comments Rant 

Posted on Oct 01, 2021

A few days ago, Royal LePage released a study that claimed renters are losing $769 more per month than homeowners (you can find it here: Buying vs Renting study: Homeowners come out in front financially in more than 90% of scenarios analyzed). Obviously, this brought out some “nay-sayers” in the comment section with zingers like, “An article by a r...

Read More

Listing Supply Declines Over Summer across Metro Vancouver

Posted on Sep 15, 2021

Residential real estate sales were reported by the Real Estate Board of Greater Vancouver as a total of 3,152 in August of 2021. This is a 3.4% increase from that of August 2020 and a 5.2% decrease from July 2021, which totaled 3,326.

August was busier than expected, and listings activity isn’t keeping up with the pace of demand. This is leaving th...

Read More

Steady sales, reduced listings with unchanged prices for July… A plateau to go down from or spring up from???

Posted on Aug 17, 2021

Residential sales in the Greater Vancouver region totaled 3,326 in July of 2021. This is a 6.3% increase from that of July 2020 and an 11.6% decrease in the amount of homes sold in June 2021.

Home sales and listings fell in line with typical seasonal patterns as summer got going in earnest in July. On top of moderating market activity, price growth...

Read More

Vancouver Market gearing down to a steadier And calmer pace

Posted on Jul 13, 2021

While the Greater Vancouver real estate market is still in an elevated trend it has eased back from the breakneck pace that is was showing in March & April.

Stats from the Real Estate Board of Greater Vancouver (REBGV) show that home sales in the region reached a total of 3,762 in June 2021. This is an 11.9% decrease from May’s total of 4,268; while...

Read More

Vancouver Real Estate Market Showing Signs Of A Shift

Posted on Jun 05, 2021

The Real Estate Board of Greater Vancouver (REBGV) reports that a total of 4,268 homes were sold in May 2021. This is a 13% decrease from April of this year at 4,908.

The home sale and listing activity has remained above the 10 year averages the market is showing signs of cooling off with less intensity in the market than was seen earlier in the yea...

Read More