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Real Estate Market update, September 2018

More supply and less demand seen across Metro Vancouver housing market The supply of homes for sale continued to increase across the Metro Vancouver* housing market in September while home buyer demand remained below typical levels for this time of year. The Real Estate Board of Greater Vancouver (REBGV) reports that residential ...

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Market stat, August 2018: Home buyer demand stays below historical averages in August

he Metro Vancouver* housing market continues to experience reduced demand across all housing types. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,929 in August 2018, a 36.6 per cent decrease from the 3,043 sales recorded in August 2017, and a 6.8 ...

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Foreign buyers have pretty much disappeared in Metro Vancouver’s real estate market!

  Foreign buyers disappear The latest property transfer data from the B.C. Ministry of Finance, released at the end of July, indicates that foreign buyers have all but disappeared from the Lower Mainland. The numbers show that just 1% of all real estate transactions in Metro Vancouver and the Fraser Valley Regional District ...

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Three possible scenarios for Vancouver’s housing market

Will Vancouver home prices tank, surge ever higher or settle somewhere in between? With help from disgruntled residents, global investors and government intervention, here’s how the city’s real estate future could play out, for better or worse Scenario No. 1 The Homepocalypse THE UPSHOT: In the aftermath of a worldwide trade war or ...

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Housing supply up, demand down across Metro Vancouver

July’s residential housing sales in Metro Vancouver reached their lowest levels for that month since the year 2000. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,070 in July 2018, a 30.1 per cent decrease from the 2,960 sales recorded in July ...

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Metro Vancouver detached homes enter a buyer’s market

The detached-home pendulum has swung into a buyer’s market, according to the monthly stats report from the Real Estate Board of Greater Vancouver (REBGV), released July 4. REBGV said that slow sales, combined with an increase in home listings, have pushed the region’s sales-to-listings ratio in the single-family sector down to ...

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BC market Stats – June 2018: Home seller supply grows as demand declines

With home sale activity dipping below long-term historical averages, the supply of homes for sale in Metro Vancouver reached a three-year high in June. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,425 in June 2018, a 37.7 per cent decline from ...

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Don’t take the blame on Foreign Buyers! Statistics Canada showing foreign buyers only own 4.8 per cent of Vancouver properties and 3.4 per cent of homes in Toronto.

TORONTO -- Foreign buyers might make up a small sliver of Canada's biggest real estate markets, but homebuyers in Toronto, Vancouver and Montreal still believe they are heavily influencing housing activity. A study from the Canada Mortgage and Housing Corporation released Wednesday found that 68 percent of Vancouver respondents, 48 percent ...

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City of Vancouver now defines $3,702 rent as “affordable” housing!

t’s 2018, and the City of Vancouver has changed the definition of “for-profit affordable rental housing”. For this year, a new three-bedroom rental on the West Side of the city with a starting rate of $3,702 per month is considered affordable. Also regarded as affordable rental rates in the same part of ...

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Real Estate Stats – March 2018

Fewer home sales and listings in the first quarter of 2018 Home buyers and sellers were less active in Metro Vancouver throughout the first quarter of 2018. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,517 in March 2018, a 29.7 per cent ...

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