VANCOUVER, BC – December 04, 2018 – Home buyer demand remains below long-term historical averages in the Metro Vancouver housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales totalled 1,608 in the region in November 2018, a 42.5 percent decrease from the 2,795 sales recorded in November 2017, and an 18.2 percent decrease compared to October 2018 when 1,966 homes sold. Last month’s sales were 34.7 percent below the 10-year November sales … [Read more...] about Metro Vancouver homes sales down across all property types

VANCOUVER, BC – November 02, 2018 – Home sale activity across Metro Vancouver* remained below long-term historical averages in October. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,966 in October 2018, a 34.9 percent decrease from the 3,022 sales recorded in October 2017, and a 23.3 percent increase compared to September 2018 when 1,595 homes sold. Last month’s sales were 26.8 percent below the 10-year October sales … [Read more...] about Home listings at four-year October high as sales remain below typical levels

VANCOUVER, BC – August 2, 2018 – 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 percent decrease from the 2,960 sales recorded in July 2017, and a decrease of 14.6 percent compared to June 2018 when 2,425 homes sold. Last month’s sales were 29.3 percent below the 10-year July sales … [Read more...] about Housing supply up, demand down across Metro Vancouver

VANCOUVER, BC – June 4, 2018 – Home buyer demand continues to decline across the Metro Vancouver* housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,833 in May 2018, a 35.1 percent decrease from the 4,364 sales recorded in May 2017, and a 9.8 percent increase compared to April 2018 when 2,579 homes sold. Last month’s sales were 19.3 percent below the 10-year May sales average. “With fewer homes selling today … [Read more...] about Reduced demand is allowing housing supply to accumulate