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 ...
Continue ReadingVPM 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 ...
Continue ReadingMajority 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 ...
Continue ReadingSpring 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 ...
Continue ReadingMetro 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 ...
Continue ReadingCalmer 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 ...
Continue ReadingHeightened 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 ...
Continue ReadingIf 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 ...
Continue ReadingListings 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 ...
Continue ReadingLow 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 ...
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