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Housing Market Insights

September 13th, 2020

Our local real estate board reports Metro Vancouver home buyers and sellers remained active in August with home selling new listing activity outpacing the regions historical averages.

Let’s take a closer look. 

People who put their home buying and selling plans on hold in the Spring have been returning to the market throughout the summer. REALTOR’s registered more than 3,000 homes sales on t ...

housing market insights

August 25th, 2020

Real estate market activity in Metro Vancouver exceeded historical levels in July. 

Metro Vancouver includes: Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.

Over 3,100 home sales were registered by REALTORS in July.  This is up +28% from last ...

Housing Market Insights

July 17th, 2020
Our local real estate board is reporting Metro Vancouver's housing market activity is returning to historical levels as home buyers and sellers are becoming more comfortable with public health safety protocols.

Real estate boards and associations across the province, in step with the Real Estate Council of BC, who regulates the practice of real estate in the province, also lifted their joint ...

housing markets across canada

June 18th, 2020
Check out this great infographic giving a glimpse into Covid-19's effect on Canadian housing markets this past May:
  • home sales down -39.8%,
  • new listings down -38.1% and
  • the average price of homes sold down -2.6% across Canada from May 2019.
While some things have slowed down, it's hard to tell whether these changes are temporary or here to stay.  For now, as provinces and territories ...

homebuying and mortgage lending insights

June 17th, 2020
The old real estate adage tells us that the 3 most important things to look for in a property are "location, location, location".  

According CMHC recent survey, for the majority of Canadians who bought a home over the past year, the most important factors affecting their decision were price and affordability.

When asked to name their top 3 "must haves" in a home, more than 66% of the b ...

real estate activity historically still low

June 17th, 2020
May was one of those “on the one hand … on the other hand” kind of months for housing data in Canada.

On the one hand, both sales and new listings were up on a seasonally adjusted basis in May compared to April—57% for sales and 69% for new listings—huge percentage increases, albeit from a very low starting point.

On the other hand, sales and new listings are still historically very low at ...

Housing Market Insights

May 12th, 2020

The uncertainty of the covid situation has limited April listing and sale activity.
You might be thinking how much is listing and sale activity compared to from last year or last month?
We know home prices are driven by supply and demand.
You may be questioning where are home prices if supply and demand are down?
Take a closer by watching the video below to learn just how much home sales and list ...

Housing Market Insights

April 7th, 2020
Our housing market saw steady home buyer demand the beginning of March. 
However market demand levelled off as the month went on because of concerns of the covid-19 outbreak intensified. 
At first glance March market numbers are deceiving. Learn more about March real estate market insights in the video below:

Housing Market Insights

March 10th, 2020
This February saw strong home buyer demand!

Learn more in the video below how much demand has improved year-over year in February, how home sales struggled to keep pace, what the sales-to-active listings ratio is suggesting re type of market if sustained for a period of time, and the trend of prices.

housing market insights

February 12th, 2020

Home sale and price activity remain steady in Metro Vancouver to start 2020 while home listing activity declined in January.

Realtors registered 1,571 sales on our regions MLS in January.  This is +42% above last year’s January total and about -7% below our 10 year average for the month.

Looking at supply we are seeing few homes listed for sale than is typical for this time of the year.

Se ...

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