REBGV Market Update May 2019 – Modest Bounce In May, But Sales Remain Below Historical Averages

Posted on

The latest report released by the Real Estate Board of Greater Vancouver (REBGV) showed that sales in May 2019 crossed the 2,000 units sold for the first time this year. However, homebuyer demand remains below historical averages. “High home prices and mortgage qualification issues caused by the federal government’s B20 stress test remain significant factors […]

Read More…

REGBV Report April 2019 – The Trend of Reduced Demand And Increased Supply Still Prevails In The Market.

Posted on

The latest Real Estate Board of Greater Vancouver (REGBV) report on the April 2019 real estate market, shows that buyers are reluctant to get into the market and sellers are being forced to be creative. Product that is staying on the market for more than a month is seeing discounts that were unheard of 2 […]

Read More…

REBGV market Update For January 2019 – Fewer Deals And Higher Inventory

Posted on

The January 2019 stats released by the Real Estate Board of Greater Vancouver (REBGV) confirmed a continuation of the past few months, whereby home listings continued to increase and homebuyer activity continued to remain below historical averages. “Realtors are seeing more traffic at open houses compared to recent months, however, buyers are choosing to remain […]

Read More…

Luxury Home Sales And Prices Have Plummeted. Is It Time To Buy?

Posted on

The Foreign buyers tax, Mortgage stress test and incremental mortgage hikes have severely impacted the Vancouver real estate market in the past 2 years. The luxury home market has been hit the hardest:  In 2017 there were 4,282 homes that sold over $1 million – in 2018 only 3,151 units were sold – a drop […]

Read More…

REBGV Market Update For December 2018 – Buyers In Control

Posted on

The December 2018 market report released by the Real Estate Board of Greater Vancouver (REBGV) has displayed the same trends that have been prevalent over the past few months. In his end of year comments about the Greater Vancouver real estate market, Phil Moore, REBGV president said. “This past year has been a transition period […]

Read More…

REBGV Market Update For October 2018 – Buyers Have More Selection and Sellers Face Stiffer Competition

Posted on

The underlying theme of the October 2018 market report released by the Real Estate Board of Greater Vancouver (REBGV), was that home sales remained below long-term historical averages “The supply of homes for sale today is beginning to return to levels that we haven’t seen in our market in about four years,” Phil Moore, REBGV […]

Read More…

Archives