Brendan Connolly's posts

VANCOUVER, BC – June 2, 2020 – Metro Vancouver* home prices have remained steady since provincial health officials implemented physical distancing requirements in March. The Real Estate Board of Greater Vancouver (REBGV) reports that the MLS® Home Price Index(1) composite benchmark price for all residential properties in Metro Vancouver today is $1,028,400. This is virtually unchanged from April 2020, a 1.4 per cent increase over the last three months, and a 2.9 per cent increase compared to … [Read more...] about Home prices remain steady, buyers and sellers become more comfortable operating in today’s market

VANCOUVER, BC – May 4, 2020 – While Metro Vancouver* home sale and listing activity remains limited by the COVID-19 situation, REALTORS® across the region are fast adopting new tools and practices to help advise and serve their clients in a responsible way. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,109 in April 2020, a 39.4 per cent decrease from the 1,829 sales recorded in April 2019, and a 56.1 per cent decrease from the … [Read more...] about Home sales and listings down amid COVID-19, new tools and practices emerge to help buyers and sellers adapt

VANCOUVER, BC – April 2, 2020 – Metro Vancouver’s* housing market saw steady home buyer demand to begin March and a levelling off of activity as the month went on and concerns about the COVID-19 outbreak intensified. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,524 in March 2020, a 46.1 per cent increase from the 1,727 sales recorded in March 2019, and a 17.4 per cent increase from the 2,150 homes sold in February … [Read more...] about Home buyers and sellers adjust their activities in March amid challenging circumstances

VANCOUVER, BC – March 3, 2020 – 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 1,484 sales recorded in February 2019, and a 36.9 per cent increase from the 1,571 homes sold in January 2020. Last month’s sales were 15.6 per cent below the 10-year February sales average. “Home … [Read more...] about Steady demand and low supply benefits home sellers

VANCOUVER, BC – February 4, 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 42.4 per cent increase from the 1,103 sales recorded in January 2019, and a 22.1 per cent decrease from the 2,016 homes sold in December 2019. Last month’s sales were 7.3 per cent below the … [Read more...] about Home sale activity up, supply down to start 2020

VANCOUVER, BC – January 3, 2020 – 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 in 2019, a three per cent increase from the 24,619 sales recorded in 2018, and a 29.6 per cent decrease over the 35,993 residential sales in 2017. Last year’s sales total was 20.3 per cent below the region’s 10-year … [Read more...] about Home sales decline below long-term averages in 2019 despite increased demand to end the year

VANCOUVER, BC – November 4, 2019 – 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 recorded in October 2018, and a 22.5 per cent increase from the 2,333 homes sold in September 2019. Last month’s sales were 9.8 per cent above the 10-year October sales average. “Home … [Read more...] about Home buyer activity increases in October

VANCOUVER, BC – October 2, 2019 – 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 per cent increase from the 1,595 sales recorded in September 2018, and a 4.6 per cent increase from the 2,231 homes sold in August 2019.  Last month’s sales were 1.7 per cent below the 10-year … [Read more...] about Increased demand helps housing market reach balanced territory