Blog | Farid Entezari Personal Real Estate Corporation

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Vancouver Real Estate Market Update, April 2021:

Supply response emerges in Metro Vancouver’s active housing market Home sellers have become increasingly active in Metro Vancouver’s housing market this spring in response to heightened demand and rising home values that have materialized during the pandemic. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region ...

Canadian Real Estate Renovation Trends (2021)

Canadians invest in home renovations to improve quality of life, not to add value in current Canadian real estate market Challenging Canadian housing market conditions put additional importance to home renovations since the start of COVID-19, both for those looking to stay and those selling More than half of Canadians ...

Vancouver Real Estate Market Update, March 2021

March home sales and new listings set records in Metro Vancouver Home buyer and seller activity reached unprecedented levels across Metro Vancouver in March. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 5,708 in March 2021, a 126.1 per cent increase from the 2,524 ...

Vancouver Real Estate Market Update, February 2021

Home buyer competition intensifies across Metro Vancouver’s housing market Competition amongst home buyers is putting upward pressure on home prices across Metro Vancouver’s* housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,727 in February 2021, a 73.3 per cent increase from ...

Vancouver Real Estate Market Update, Jan 2021

Homebuyer demand remains elevated across Metro Vancouver In the first month of 2021, Metro Vancouver’s* housing market continued the pattern set at the end of last year with home sale activity outpacing the supply of homes listed for sale. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales ...

Pandemic-induced trends emerge in the commercial real estate market in the third quarter of 2020

In a period where the COVID-19 pandemic constrained economic activity and caused businesses to limit in-person operations, the Lower Mainland’s commercial real estate market saw overall declines in demand. There were 387 commercial real estate sales in the Lower Mainland in the third quarter (Q3) of 2020, an 8.9 per cent decrease ...

Vancouver Real Estate market update, December 2020

Metro Vancouver housing market shows resilience in 2020 Strong December activity brought Metro Vancouver’s* 2020 home sales total in line with the region’s long-term annual average. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 30,944 in 2020, a 22.1 per cent increase from ...

Vancouver Real Estate Market Update, November 2020

November home sales outpace seasonal norms and long-term averages Housing demand in Metro Vancouver* continues to outpace historical averages with November sales eclipsing 3,000 for the first time since 2015. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,064 in November 2020, a ...

Vancouver Real Estate Market Update, October 2020: Home sale and listing resurgence extends into the fall

Home sale and new listing activity remained at near record levels across Metro Vancouver in October. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,687 in October 2020, a 29 per cent increase from the 2,858 sales recorded in October 2019, and a ...

Comparing Provincial Party Housing Platforms

Below is a comparison of the three main party’s platforms’ impact on real estate and housing. COVID-19 Economic Recovery Green Allocate $300 million to create a six-month rent subsidy program for small businesses. Liberal Eliminate the Provincial Sales Tax (PST) for one year and then set it at three per cent for subsequent ...

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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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