Vancouver Real Estate Fueled By Rich Chinese Immigrants

April 26, 2011

Rich Chinese immigrants are fueling the Vancouver housing market

Investments by rich Chinese buyers are playing a role in helping to buoy the hottest real estate market in Canada. There are no tally data on foreign investment in residential real estate in metro Vancouver. Widespread media reports suggest investment cash from China is very significant factor, especially in the market for expensive homes. Globe & Mail article published April 24, 2011.

The strong demand by rich buyers for detached homes especially in Richmond and  Vancouver west is not expected to slow down anytime soon. Read more

Near record sales in March

April 17, 2011

REBGV March Housing Report

VANCOUVER, B.C. – April 4, 2011 – Activity in the Greater Vancouver housing market continued to strengthen in March with both the number of homes sold and added to the region’s Multiple Listing Service® (MLS®) reaching near record levels.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties in Greater Vancouver reached 4,080 in March 2011. This represents a 31.7 per cent increase compared to the 3,097 Read more

Increased Greater Vancouver Housing Demand in February

March 20, 2011

REBGV February Housing Report

february2011.jpgVANCOUVER, BC – Demand for detached homes continues to be strong across Greater Vancouver, with particularly high sales volumes occurring in Richmond and Vancouver Westside. For the past two months, the number of properties listed for sale and those sold on the Multiple Listing Service® (MLS®) in Greater Vancouver Read more

Chinese investment surge hits Metro Vancouver housing market

March 1, 2011

Below is an excerpt from a Vancouver Sun article published by Brian Mortan dated February, 28, 2011.When real estate entrepreneur Cam Good hosted a group of predominantly mainland Chinese investors this Wednesday at a White Rock condo showing, he was tapping into a market that’s surging across much of Metro Vancouver.

Good, president of The Key, a Vancouver-based sales and marketing firm that’s focusing on a new wave of Chinese buyers, figures he’s sold more than 500 homes to mainland Chinese investors and immigrants in January and February in Vancouver and Toronto. Read more

Greater Vancouver Housing Report – January, 2011

February 9, 2011

Real Estate Board of Greater Vancouver Housing Report, January 2011

Stability and regional ‘hot spots’ characterize January housing market

The Greater Vancouver housing market remained in balanced market conditions in January, although higher levels of buyer demand were seen in some of the region’s largest communities.

The number of properties listed for sale and those sold on the Multiple Listing Service® (MLS®) last month outpaced the 10-year average in both categories for January. Read more

Greater Vancouver Housing Report – December, 2010

January 6, 2011

Real Estate Board of Greater Vancouver Housing Report, December 2010

Real estate market stable at year-end

The Greater Vancouver residential housing market entered three distinctive phases in 2010. Continued buoyancy from the post-recession recovery began the year, followed by a summer lull and, throughout the fall, a sustained period of stability.

The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment properties in 2010 reached 30,595, a 14.2 per cent decrease from the 35,669 sales recorded in 2009, Read more

Greater Vancouver Housing Report – November, 2010

December 8, 2010

Real Estate Board of Greater Vancouver Housing Report, November 2010.MLS® stats show more sales, fewer property listings in November

VANCOUVER, B.C. – December 2, 2010 – Greater Vancouver residential home sales improved in November compared to the previous four months, with the number of sales posted on the Multiple Listing Service® (MLS®) coming in slightly higher than the 10-year average for that month.

The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totalled 2,509 in November 2010. Read more

Greater Vancouver housing report – October, 2010

November 7, 2010

News Release: Real Estate Board of Greater Vancouver Housing Report, October 2010.

Home sales remain steady in Greater Vancouver

VANCOUVER, B.C. – November 2, 2010 – Greater Vancouver home sales have remained steady over the past four months, indicating stability in the residential housing market. With the MLS® sales to active listing inventory ratio indicating a buyers’ market, properties appropriately priced are selling.

According to the MLSLink® Housing Price Index (HPI), Read more

Housing market factors indicate stability in recent months

October 6, 2010

News Release: Real Estate Board of Greater Vancouver Housing Report, September 2010.

VANCOUVER, B.C. – October 4, 2010 – September home sales in Greater Vancouver were consistent with activity experienced in the preceding two months across most categories.

The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totalled 2,220 in September 2010. This represents a 0.8 per cent increase compared to August 2010 and 37.6 per cent decline from the 3,559 sales in September 2009. Read more

Buyer’s market conditions continue in Greater Vancouver

September 20, 2010

Thursday, September 2, 2010 –Read full report here.

VANCOUVER, BC – Conditions in the Greater Vancouver housing market continued to favour buyers in August. Since April, prices have edged down slightly as the number of sales and the number of properties coming on to the market have been declining.

The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totalled 2,202 in August 2010. Read more

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