Vancouver Area Forecast!
Posted on Mar 09, 2018
Vancouver, BC March 9, 2018. The British Columbia Real Estate Association (BCREA) released its 2017 Fourth Quarter Housing Forecast today.
Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 8.6 per cent to 94,855 units in 2018, after decreasing 7.5 per cent in 2017. A record 112,209 unit sales were recorded i...
Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 8.6 per cent to 94,855 units in 2018, after decreasing 7.5 per cent in 2017. A record 112,209 unit sales were recorded i...Interesting Year!
Posted on Dec 06, 2017
We have had an interesting property market in the last few years to put it mildly! Vancouver has most definitely become a world destination city which has proven to have its pros and cons!
By the end of 2017 we were experiencing a definite resistance to pricing in the detached upper end market. In contrast the condo and townhouse market experienced...
By the end of 2017 we were experiencing a definite resistance to pricing in the detached upper end market. In contrast the condo and townhouse market experienced...
Mixed Messages!
Posted on Sep 27, 2017
The fall market is meandering along with many different stories depending on property type, location and price point!
Condo`s and Townhouse continue to be strong but have simmered from the frenzied spring market! Detached homes are moving well in areas where the price points are still under a million dollars! Homes priced in the upper end have slowe...
Busy Spring!
Posted on May 15, 2017
The spring market is once again in full swing with very strong activity in the condo and townhouse sectors! Detached homes are also moving steady with more activity in the lower price points!
It would appear that the relative unaffordability of detached homes has caused a major push into the more affordable strata market! We have seen fairly signifi...
Transition !
Posted on Mar 14, 2017
The market continues to be in transition particularly where detached properties are concerned. Affordability and financing approvals are proving to be a challenge which explains why we are seeing such strong activity in the affordable townhouse and condo segments of the market!
The rental market in the Vancouver area has also seen a significant shif...
Stabilizing !
Posted on Feb 10, 2017
As you can see from the above graph showing number of sales by property type.Detached Homes, Townhomes and Condo`s have all evened out to roughly the same sales volume. Unlike last year at this time when Detached Properties were far outselling strata !
Strata properties are currently very active with many seeing multiple offers and brisk activity.It...