BC Commercial Leading Indicator Signals Robust Growth

(May 30, 2017)

Vancouver, BC – May 30, 2017. The BCREA Commercial Leading Indicator (CLI) increased for the fifth consecutive quarter, rising 0.5 index points from the fourth quarter of 2016 to the first quarter of 2017. The index now sits at 128.0, a 4 per cent increase from a year ago and a 0.4 per cent gain on a quarterly basis. 

"The rising CLI mirrors the overall robust trend in the provincial economy," says... read more.

Insights from REBGV market polls

(May 26, 2017)

Below are some insights of the poll from April 2016 to April 2017. 
This feedback paints a picture of what’s happening 'on the ground' in the market.
The survey asks demographic questions about the buyers. Are they single or married? Do they have children? Are they seniors?

There are also questions about the nature of their purchase. Are they first-time buyers? Are they empty nesters who are downsizi... read more.

Vancouver Is Seeing More Sales In May…And More Inventory - BETTER DWELLING

(May 24, 2017)

So far we’re seeing more sales, less new listings, and a higher total inventory than last year.

Sales Are Higher So Far

Vancouver appears to be seeing more sales this May than last. As of May 23, there was 4,120 sales, which averaged 179 sales per day. The same month last year ended with 4,769 sales, which averages to 153 sales per day. Sales are on target to beat last year’s numbers by almost 17... read more.

BC Home Sales and Prices are Both Up – and Down

(May 17, 2017)

It might not be as hot a spring as last year, but it’s a lot hotter than fall – at least in terms of the BC real estate stats released May 15 by the British Columbia Real Estate Association (BCREA).

The association recorded 9,865 homes exchanging hands on the Multiple Listing Service® last month, down 23.9 per cent from April last year but up 0.4 per cent over March this year, as the graph below sh... read more.

April 2017 Housing Market Update - Real Estate Board of Greater Vancouver

(May 15, 2017)

Home price hikes influenced by hot market

(May 12, 2017)

Vancouver’s sky-high home prices have created a spill-over effect in outlying markets, with varying degrees of impact based on proximity to the city centre.

“Price changes in the City of Vancouver are linked to prices in other municipalities, both on the way up and on the way down,” Braden Batch, Senior Market Analyst, Market Analysis Centre at CMHC, said. “The spillover effects take years to fully... read more.

Vancouver Real Estate Prices Just Passed An All Time High

(May 09, 2017)

Vancouver real estate quietly set a new record in April, although real estate boards aren’t exactly shouting it from the rooftop this time.

Vancouver real estate prices continued to climb in April. Latest numbers from the Real Estate Board of Greater Vancouver (REBGV), show the benchmark price rose to record highs. This was despite a steep decline in sales, and higher inventory than the same time l... read more.

Condominiums & townhomes in high demand across Metro Vancouver

(May 02, 2017)

Residential property sales in the region totalled 3,553 in April 2017, a 25.7 per cent decline compared to April 2016 when 4,781 homes sold and a 0.7 per cent decrease from the 3,579 sales recorded in March 2017.

April sales were 4.8 per cent above the 10-year average for the month.

For the first four months of the year, condominium and townhome sales have comprised a larger percentage of all reside... read more.