Home buyer activity returned to near record levels across the Metro Vancouver* housing market in May.
Residential property sales in the region totalled 4,364 in May 2017, a decrease of 8.5 per cent from the 4,769 sales in May 2016, an all-time record, and an increase of 22.8 per cent compared to April 2017 when 3,553 homes sold.
Last month’s sales were 23.7 per cent above the 10-year May sales aver... read more.
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.
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?
So far we’re seeing more sales, less new listings, and a higher total inventory than last year.
Sales Are Higher So FarVancouver 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.
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).