Blog | Farid Entezari Personal Real Estate Corporation

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Vancouver Real Estate Market Update, June 2022

Home listings up, sales down and prices starting to decrease to start the summer season With interest rates and housing supply increasing, Metro Vancouver* home buyers are operating in a changing marketplace to begin the summer season. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the ...

VPM Group RE/MAX has won the Consumer Choice Award among property management companies in North Vancouver

VPM Group RE/MAX has won the Consumer Choice Award among property management companies in North Vancouver. With a unique approach to residential and commercial property management, the business has become the number one choice of customers in the region. The Customer Choice Award has a unique appeal in the industry because the winners are chosen ...

Canada needs 5.8 million new homes by 2030 to tackle affordability crisis, CMHC warns

Majority of supply gap found in Ontario and British Columbia, agency says The Canada Mortgage and Housing Corp. (CMHC) says 3.5 million more homes need to be built by 2030 to reach affordability. The agency released a report Thursday explaining the need for a different approach to the housing supply shortage ...

Vancouver Real Estate Market Update, May 2022

Spring ushers in calmer housing market trends in Metro Vancouver After reaching record-setting levels in 2021, home sale activity has returned to more typical seasonal levels in Metro Vancouver this spring due, in large part, to rising interest rates. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales ...

Vancouver Real Estate Market Update, April 2022:

Metro Vancouver home sales return to more traditional levels in April Home buyer demand in Metro Vancouver* returned to more historically typical levels in April. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,232 in April 2022, a 34.1 per cent decrease from ...

Vancouver Real Estate Market Update, March 2022

Calmer than last spring’s record pace, Metro Vancouver home buyer demand remains elevated While down from last year’s record numbers, home sale activity in Metro Vancouver’s housing market remained elevated in March. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 4,344 in March ...

Commercial Real Estate Market Update

Heightened sales activity leads a busy 2021 for commercial real estate in the Lower Mainland Sales activity in the Lower Mainland’s commercial real estate market reached the second-highest annual total on record in 2021. There were 2,659 commercial real estate sales in the Lower Mainland in 2021, a 65.3 per cent increase ...

What you need to know as the CRA cracks down on principal residence exemptions

If you sold your principal residence in 2021, you need to report that sale on your 2021 tax return, generally due on May 2, 2022, even if it fully qualifies for the principal residence exemption (PRE). The designation of your principal residence is reported on the second page of Schedule 3 of your ...

Vancouver Real Estate Market Update, February 2022

Listings inch up, demand remains steady and price gains continue in Metro Vancouver’s housing market in February The Metro Vancouver housing market saw steady home sales activity, modest increases in home listings and continued upward trends in pricing in February. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales ...

Vancouver Real Estate market update, January 2022

Low supply keeps upward pressure on home prices across Metro Vancouver’s housing market The first month of 2022 saw home sales come down from last year’s record-setting pace, while low supply continued to cause home prices to edge higher across Metro Vancouver. The Real Estate Board of Greater Vancouver (REBGV) reports that ...

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Vancouver Real Estate Market Update, April 2023

Prices continue rising across Metro Vancouver as home buyer confidence returns With listing activity remaining below historical norms, home sales in Metro Vancouver have mounted a surprising comeback, rising near levels seen last spring, before eight consecutive interest rate hikes eroded borrowing power and brought home sales activity down along with it. The Real... Read more »...
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Vancouver Real Estate Market Update, March 2023

Spring brings renewed price growth across Metro Vancouver’s housing market while new listings remain dormant Home prices across Metro Vancouver’s housing market showed modest increases in March, while new listings remained below long-term historical averages. March data also indicates home sales are making a stronger than expected spring showing so far, despite elevated borrowing costs. The... Read more »...
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Vancouver Real Estate Market Update, January 2023

Home sales decline below long-term averages and inventory remains low to start 2023 Inventory remains low in Metro Vancouver while home sales dipped well below monthly historical averages in January. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,022 in January 2023, a 55.3 per... Read more »...
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Vancouver Real Estate Market Update, December 2022

Rising mortgage rates brought uncertainty and caution to Metro Vancouver’s housing market in 2022 After seeing record sales and prices during the pandemic, Metro Vancouver’s housing market experienced a year of caution in 2022 due to rising borrowing costs fueled by the Bank of Canada’s ongoing battle with inflation. The Real Estate Board of Greater... Read more »...
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Vancouver Real Estate Market Update, November 2022

Home sale and listing activity continue trending below long-term averages in November: While typically a quiet month of market activity based on seasonal patterns, November home sale and listing totals lagged below the region’s long-term averages. Sales The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,614... Read more »...
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