Brendan Connolly

Vancouver Real Estate: Westside, Eastside & Downtown

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

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Home buyer competition intensifies across Metro Vancouver’s housing market

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VANCOUVER, BC – March 2, 2021 – Competition amongst home buyers is putting upward pressure on home prices across Metro Vancouver’s* housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,727 in February 2021, a 73.3 per cent increase from the 2,150 sales recorded in February 2020, and a 56 per cent increase from the 2,389 homes sold in January 2021. Last month’s sales were 42.8 per cent above the 10-year February … [Read more...] about Home buyer competition intensifies across Metro Vancouver’s housing market

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Home buyer demand remains elevated across Metro Vancouver

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VANCOUVER, BC – February 2, 2021 – In the first month of 2021, Metro Vancouver’s* housing market continued the pattern set at the end of last year with home sale activity outpacing the supply of homes listed for sale. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,389 in January 2021, a 52.1 per cent increase from the 1,571 sales recorded in January 2020, and a 22.8 per cent decrease from the 3,093 homes sold in December … [Read more...] about Home buyer demand remains elevated across Metro Vancouver

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Metro Vancouver housing market shows resilience in 2020

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VANCOUVER, BC – January 5, 2021 – Strong December activity brought Metro Vancouver’s* 2020 home sales total in line with the region’s long-term annual average. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 30,944 in 2020, a 22.1 per cent increase from the 25,351 sales recorded in 2019, and a 25.7 per cent increase from the 24,619 homes sold in 2018. Last year’s sales total was 2.8 per cent below the 10-year sales … [Read more...] about Metro Vancouver housing market shows resilience in 2020

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November home sales outpace seasonal norms and long-term averages

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Vancouver, B.C. – December 2, 2020 – Housing demand in Metro Vancouver* continues to outpace historical averages with November sales eclipsing 3,000 for the first time since 2015. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,064 in November 2020, a 22.7 per cent increase from the 2,498 sales recorded in November 2019, and a 16.9 per cent decrease from the 3,687 homes sold in October 2020. Last month’s sales were 24.6 per … [Read more...] about November home sales outpace seasonal norms and long-term averages

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Home sale and listing resurgence extends into the fall

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VANCOUVER, BC – November 3, 2020 – Home sale and new listing activity remained at near record levels across Metro Vancouver* in October. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,687 in October 2020, a 29 per cent increase from the 2,858 sales recorded in October 2019, and a 1.2 per cent increase from the 3,643 homes sold in September 2020. Last month’s sales were 34.7 per cent above the 10-year October sales average and … [Read more...] about Home sale and listing resurgence extends into the fall

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Metro Vancouver home sales and listings surge in September

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VANCOUVER, BC – October 2, 2020 – Home sale and new listing activity reached record levels in Metro Vancouver* in September. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,643 in September 2020, a 56.2 per cent increase from the 2,333 sales recorded in September 2019, and a 19.6 per cent increase from the 3,047 homes sold in August 2020. Last month’s sales were 44.8 per cent above the 10-year September sales average and is … [Read more...] about Metro Vancouver home sales and listings surge in September

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Home sale and listing activity continues to increase in August

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VANCOUVER, BC – September 2, 2020 – Home buyers and sellers remained active across Metro Vancouver* in August, with home sale and new listing activity outpacing the region’s historical averages. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,047 in August 2020, a 36.6 per cent increase from the 2,231 sales recorded in August 2019, and a 2.6 per cent decrease from the 3,128 homes sold in July 2020. Last month’s sales were 19.9 … [Read more...] about Home sale and listing activity continues to increase in August

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Metro Vancouver housing market sees steady summer activity

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VANCOUVER, BC – August 5, 2020 – Home buyer and seller activity in Metro Vancouver* exceeded historical levels in July. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,128 in July 2020, a 22.3 per cent increase from the 2,557 sales recorded in July 2019, and a 28 per cent increase from the 2,443 homes sold in June 2020. Last month’s sales were 9.4 per cent above the 10-year July sales average. “We're seeing the results … [Read more...] about Metro Vancouver housing market sees steady summer activity

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Steady increases in home sale and listing activity continue in June

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VANCOUVER, BC – July 3, 2020 – Home buyers and sellers have gradually become more active in each month of the COVID-19 pandemic. In June, home sale and listing activity in Metro Vancouver* returned to more historically typical levels. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,443 in June 2020, a 17.6 per cent increase from the 2,077 sales recorded in June 2019, and a 64.5 per cent increase from the 1,485 homes sold in May … [Read more...] about Steady increases in home sale and listing activity continue in June

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Home prices remain steady, buyers and sellers become more comfortable operating in today’s market

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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