Homebuyers and sellers less active in July
August 5, 2010
VANCOUVER, B.C. – August 4, 2010, Read the full report here.
Home sales activity in Greater Vancouver was quieter last month than most Julys over the past decade, with residential sales, prices, and the number of homes listed for sale trending downward in recent months.
The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totaled 2,255 in July 2010. This represents a 45.2 per cent decline from the 4,114 sales in July 2009, the highest selling July ever recorded, and a 24.1 per cent decline compared to June 2010. Read more
Activity steady to start the summer season
July 6, 2010
News Release: Real Estate Board of Greater Vancouver Housing Report, June 2010.
VANCOUVER, B.C. – July 5, 2010 – The Greater Vancouver housing market experienced steady activity to begin the summer season. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 2,972 in June 2010, a decline of 30.2 per cent compared to the 4,259 sales in June 2009, which was the second highest selling June on record.
“Activity in June marked a healthy balance Read more
May market offers buyers greater selection
June 5, 2010
News Release: Real Estate Board of Greater Vancouver Housing Report, May 2010.
The number of properties listed for sale in Greater Vancouver continued to rise in May, while the number of sales showed a year-over-year decrease.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 3,156 in May 2010, a decline of 10.4 per cent compared to the 3,524 sales in May 2009; 5.1 per cent more than the 3,002 sales in May 2008; and 27.1 per cent less than the 4,331 sales in May 2007. Read more
Home buyer and seller activity increases in busy spring market
May 4, 2010
News Release: Real Estate Board of Greater Vancouver Housing Report, April 2010.
VANCOUVER, B.C. – May 4, 2010 –The Greater Vancouver housing market experienced increased activity in April thanks to a steady balance of home buyers and sellers entering the marketplace.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 3,512 in April 2010, the fifth highest-selling April on record. The figure represents an increase of 18.5 per cent Read more
Home listings rise to start the spring season
April 6, 2010
Real Estate Board of Greater Vancouver Housing Report - read full report here.A steady influx of new listings has helped create a balanced ‘typical spring’ housing market in the Greater Vancouver region.
The Real Estate Board of Greater Vancouver (REBGV) reports that new listings for detached, attached and apartment properties in Greater Vancouver totalled 7,004 in March 2010. This represents a 60 per cent increase compared to March 2009 when 4,385 new units were listed, and a 52.1 per cent increase compared to February Read more
Buyer/Seller Opinions and Preferences
April 2, 2010
In 2009, the REBGV commissioned Skunkworks Creative Group Inc. to conduct its latest body of research on consumers’s expectation from their realtors, and what gaps that may exist between client and realtor expectations. Read The Vancouver Sun article here >.
The study found that:
- With improved technology and the increased availability of information, homebuyer expectations of their realtors are shifting away from traditional norms.
Canada’s hot housing market now cooling off
March 16, 2010
Below is an article published in The Vancouver Sun by Paul Vieira, Financial Post on March 15, 2010:
‘Clear signs that some self-correcting mechanisms are starting to take over’, says noted economist.
OTTAWA — The once red-hot housing market — which several observers warned last month was in danger of turning into a bubble — is showing signs of losing steam as new listings climb and affordability begins to tighten, data released Monday indicate.
Concern that real estate prices were entering dangerous territory Read more
BC Property Transfer Tax Revenue follows sales value
March 13, 2010
BC Property Transfer Tax (PTT) revenue is forecast to increase 5.3% in the coming fiscal year, according to Budget 2010.
BC Real Estate Association forecasts home sales to increase by 3% and prices by 7% in Greater Vancouver in 2010. We may well see the PTT revenue higher than the Budget forecast.
Below is an except on BC’s economy forecast for 2010 and 2011:
the B.C. economy should continue to benefitstrongly from exceptionally low interest rates. Read more
Greater Vancouver housing market report for February, 2010.
March 2, 2010
Real Estate Board of Greater Vancouver Housing Report - read full report here.
Home sales activity strong through Olympic period
VANCOUVER, B.C. – March 2, 2010 –The Greater Vancouver housing market continued to experience strong demand from home buyers and an increase in total property listings in a month where the eyes of the world were focused on the region.
The Real Estate Board of Greater Vancouver (REBGV) reports Read more
Canada curbs lending to check housing boom
February 17, 2010
Below is a report by John Greenwood, Financial Post, published: Tuesday, February 16, 2010.
The new mortgage rules announced by the federal government may briefly throw a little cold water on the housing market but the big banks got what some say they wanted all along.
Under the new rules which take effect April 19, borrowers will be required to:
- Meet the standard of a five-year fixed rate mortgage even if they are choosing a shorter term, or viarable mortgage with a lower rate.
