Steady demand and low supply benefits home sellers February saw steady home buyer demand and reduced home seller supply across Metro Vancouver. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,150 in February 2020, a 44.9 per cent increase from the ...
Continue ReadingHome sale activity up, supply down to start 2020 Home sale and price activity remained steady in Metro Vancouver to start 2020 while home listing activity declined in January. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,571 in January 2020, a ...
Continue ReadingHome sales decline below long-term averages in 2019 despite increased demand to end the year The Metro Vancouver housing market experienced below average sales activity and moderate price declines in 2019. The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment homes reached 25,351 ...
Continue ReadingThe Vancouver City’s Empty Homes Tax is separate from the provincial government’s Speculation and Vacancy Tax. The City’s Empty Homes Tax is separate from the provincial government’s Speculation and Vacancy Tax. If you have an enquiry about the Province’s tax, please refer to the Province’s website External website, opens in new tab or ...
Continue ReadingThe B.C. government has announced it is raising the Speculation and Vacancy Tax on Dec. 31 from 0.5 per cent to two per cent for foreign owners and for satellite families, the majority of whose income is not reported on a Canadian tax return. Some new exemptions to the tax will be brought ...
Continue ReadingCommercial real estate activity remains below the pace of recent years Sales activity in the Lower Mainland’s commercial real estate market continued to decline in the third quarter (Q3) of 2019 compared to recent years. There were 405 commercial real estate sales in the Lower Mainland in Q3 2019, a ...
Continue ReadingMetro Vancouver home sales return to historically typical levels After a quieter first half of 2019, home buyer activity has returned to more historically typical levels in Metro Vancouver*. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,498 in November 2019, ...
Continue ReadingHome buyer activity increases in October The Metro Vancouver housing market is experiencing a fall pickup in home sale activity. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,858 in October 2019, a 45.4 per cent increase from the 1,966 sales ...
Continue ReadingIncreased demand helps housing market reach balanced territory Home buyer demand has returned to more historically typical levels in Metro Vancouver over the last three months. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,333 in September 2019, a 46.3 ...
Continue ReadingCommercial real estate sales down from last year’s pace Sales activity in the Lower Mainland’s commercial real estate market declined in the second quarter (Q2) of 2019 compared to the more active market experienced in the region last year. There were 407 commercial real estate sales in the Lower ...
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