Brendan Connolly

Vancouver Real Estate: Westside, Eastside & Downtown

Residential Real Estate Consultant
RE/MAX Select Properties  604-833-8793

Brendan Connolly's posts

Westside, Downtown & East Vancouver real estate updates and tips for buyers, sellers & owners of residential property.

post

More supply and less demand seen across Metro Vancouver housing market

By

VANCOUVER, BC – October 01, 2018 - The supply of homes for sale continued to increase across the Metro Vancouver* housing market in September while home buyer demand remained below typical levels for this time of year. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 1,595 in September 2018, a 43.5 percent decrease from the 2,821 sales recorded in September 2017, and a 17.3 percent decrease compared to August 2018 when 1,929 … [Read more...] about More supply and less demand seen across Metro Vancouver housing market

quote

Home buyer demand stays below historical averages in August

By

VANCOUVER, BC – September 5, 2018 – The Metro Vancouver* housing market continues to experience reduced demand across all housing types. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,929 in August 2018, a 36.6 percent decrease from the 3,043 sales recorded in August 2017, and a 6.8 percent decline compared to July 2018 when 2,070 homes sold. Last month’s sales were 25.2 percent below the 10-year August sales average. “Home … [Read more...] about Home buyer demand stays below historical averages in August

quote

Housing supply up, demand down across Metro Vancouver

By

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

quote

Home seller supply grows as demand declines

By

VANCOUVER, BC – July 4, 2018 – With home sale activity dipping below long-term historical averages, the supply of homes for sale in Metro Vancouver reached a three-year high in June. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,425 in June 2018, a 37.7 percent decline from the 3,893 sales recorded in June 2017, and a 14.4 percent decrease compared to May 2018 when 2,833 homes sold. Last month’s sales were 28.7 percent below … [Read more...] about Home seller supply grows as demand declines

quote

Reduced demand is allowing housing supply to accumulate

By

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

quote

Home sales down, listings up across Metro Vancouver

By

VANCOUVER, BC – May 2, 2018 – The Metro Vancouver housing market saw fewer home buyers and more home sellers in April. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,579 in April 2018, a 27.4 percent decrease from the 3,553 sales recorded in April 2017, and a 2.5 percent increase compared to March 2018 when 2,517 homes sold. Last month’s sales were 22.5 percent below the 10-year April sales average. “Market conditions … [Read more...] about Home sales down, listings up across Metro Vancouver

quote

Fewer home sales and listings in the first quarter of 2018

By

VANCOUVER, BC – April 4, 2018 – Home buyers and sellers were less active in Metro Vancouver throughout the first quarter of 2018. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,517 in March 2018, a 29.7 percent decrease from the 3,579 sales recorded in March 2017, and a 14 percent increase compared to February 2018 when 2,207 homes sold. Last month’s sales were 23 percent below the 10-year March sales average. There were … [Read more...] about Fewer home sales and listings in the first quarter of 2018

quote

Home buyers were less active in February

By

VANCOUVER, BC – March 2, 2018 – Metro Vancouver* home sales dipped below the long-term historical average in February. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,207 in February 2018, a nine percent decrease from the 2,424 sales recorded in February 2017, and a 21.4 percent increase compared to January 2018 when 1,818 homes sold. Last month’s sales were 14.4 percent below the 10-year February sales average. By … [Read more...] about Home buyers were less active in February

quote

New taxes unlikely to stabilize housing market

By

Victoria, BC – February 20, 2018. The British Columbia Real Estate Association calls on government to introduce transitional rules for all transactions impacted by the new tax measures introduced in Budget 2018. The new tax measures come into effect on February 21, 2018. The Property Transfer Tax (PTT) increase to 5% for properties over $3 million, as well as the increase to 20% and expansion of the Foreign Buyer’s Tax to other parts of the province will have an immediate impact on transactions … [Read more...] about New taxes unlikely to stabilize housing market