Brendan Connolly

Vancouver Real Estate: Westside, Eastside & Downtown

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

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Demand for condominiums continues to outstrip supply

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VANCOUVER, BC - July 5, 2017 - The imbalance between supply and demand in the condominium market is creating home buyer competition across Metro Vancouver. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,893 in June 2017, an 11.5 per cent decrease from the 4,400 sales recorded in June 2016, an all-time record, and a decrease of 10.8 per cent compared to May 2017 when 4,364 homes sold. Last month’s sales were 14.5 per cent … [Read more...] about Demand for condominiums continues to outstrip supply

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Market activity picks up in May

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VANCOUVER, BC – June 2, 2017 – Home buyer activity returned to near record levels across the Metro Vancouver housing market in May. Residential property sales in the region totalled 4,364 in May 2017, a decrease of 8.5 per cent from the 4,769 sales in May 2016, an all-time record, and an increase of 22.8 per cent compared to April 2017 when 3,553 homes sold. Last month’s sales were 23.7 per cent above the 10-year May sales average and is the third-highest selling May on … [Read more...] about Market activity picks up in May

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Condominiums and townhomes in high demand across Metro Vancouver

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VANCOUVER, BC – May 2, 2017 – Demand for condominiums and townhomes continues to drive the Metro Vancouver* housing market. Residential property sales in the region totalled 3,553 in April 2017, a 25.7 per cent decline compared to April 2016 when 4,781 homes sold and a 0.7 per cent decrease from the 3,579 sales recorded in March 2017. April sales were 4.8 per cent above the 10-year average for the month. For the first four months of the year, condominium and townhome sales have … [Read more...] about Condominiums and townhomes in high demand across Metro Vancouver

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Demand for homes continues to outpace supply in Metro Vancouver

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VANCOUVER, BC – April 4, 2017 – A shortage of residential property listings coupled with strong demand, particularly for condos and townhomes, continued to impact Metro Vancouver’s housing market in March. Residential property sales in the region totalled 3,579 in March 2017, a decrease of 30.8 per cent from the 5,173 sales recorded in record-breaking March 2016 and an increase of 47.6 per cent compared to February 2017 when 2,425 homes sold. Last month’s sales were 7.9 per cent above the … [Read more...] about Demand for homes continues to outpace supply in Metro Vancouver

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Low supply continues to limit Metro Vancouver home buyers

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VANCOUVER, BC – March 2, 2017 – Reluctance amongst Metro Vancouver* home sellers is impacting sale and price activity throughout the region’s housing market. Residential home sales in the region totalled 2,425 in February 2017. This is a 41.9 per cent decrease from the record 4,172 homes sold in February 2016 and an increase of 59.2 per cent compared to January 2017 when 1,523 homes sold. Last month’s sales were 7.7 per cent below the 10-year February sales average. [embedyt] … [Read more...] about Low supply continues to limit Metro Vancouver home buyers

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Metro Vancouver housing market off to a quieter start than last year

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VANCOUVER, BC – February 2, 2017 – Home sales and listings trends are below long-term averages in the Metro Vancouver* housing market. This is due largely to reduced activity in the detached home market. Residential property sales in the region totalled 1,523 in January 2017, a 39.5 per cent decrease from the 2,519 sales recorded in January 2016 and an 11.1 per cent decrease compared to December 2016 when 1,714 homes sold. Last month’s sales were 10.3 per cent below our 10-year January … [Read more...] about Metro Vancouver housing market off to a quieter start than last year

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A heated year for Metro Vancouver real estate draws to a close

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VANCOUVER, BC – January 4, 2017 – The Metro Vancouver housing market had its third highest selling year on record in 2016, behind only 2015 and 2005. Sales of detached, attached and apartment properties in the region reached 39,943 in 2016, a 5.6 per cent decrease from the 42,326 sales recorded in 2015, and a 20.6 per cent increase over the 33,116 residential sales in 2014. [embedyt] http://www.youtube.com/watch?v=njfK2hYuL8c[/embedyt] “It was an eventful year for real estate in Metro … [Read more...] about A heated year for Metro Vancouver real estate draws to a close

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Home sales and listings just below 10-year average

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VANCOUVER, BC - December 2, 2016 - Home buyer and seller activity remains near historical averages in the Metro Vancouver housing market. Residential home sales in the region totalled 2,214 in November 2016, a decrease of 0.9 per cent from the 2,233 sales recorded in October 2016 and a decrease of 37.2 per cent compared to November 2015 when 3,524 homes sold. Last month’s sales were 7.6 per cent below the 10-year sales average for the month. “While 2016 has been anything but a normal year … [Read more...] about Home sales and listings just below 10-year average

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Home sale and listing activity dip below historical averages in October

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VANCOUVER, BC - November 2, 2016 - Reduced home sale and listing activity are changing market dynamics in communities across Metro Vancouver*. Residential property sales in the region totalled 2,233 in October 2016, a 38.8 per cent decrease from the 3,646 sales recorded in October 2015 and a 0.9 per cent decrease compared to September 2016 when 2,253 homes sold. Last month’s sales were 15 per cent below the 10-year October sales average. “Changing market conditions compounded by a … [Read more...] about Home sale and listing activity dip below historical averages in October