An Overview of the Vancouver Real Estate Market

In this section we feature graphs and statistics, market data and updates, as well as current local news pertaining to the vancouver real estate market and its specific neighbourhoods. We also feature monthly neighbourhood graphs and stats

Greater Vancouver Sales Facts – September 2011

by Maggie Chandler October 7, 2011 Home Prices and Trends

Here are the Greater Vancouver sales facts for September, vs August and a year ago, as well as the median price for all Vancouver suburbs.

Home sales are higher than same period last year. Townhomes and condos much the sae.

201109-salefacts

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Greater Vancouver Listings Facts

by Maggie Chandler October 6, 2011 Home Prices and Trends

View Greater Vancouver Listing Facts. This chart shows the number of listings for each Municipality for Septermber, vs August and a year ago, together with YTD totals. Listings are up.

201108-salefacts

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Greater Vancouver Real Estate Graph for September 2011

by Maggie Chandler October 5, 2011 Home Prices and Trends

This graph shows the average price of Greater Vancouver sales for homes, townhomes and condos since 1977.

You’ll note that the average price of homes is down and lower than a year ago but townhomes and condos are remain higher than a year ago

201109-average

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Vancouver Luxury Condo Market Update

by Maggie Chandler October 4, 2011 Local Market Data

The Vancouver luxury condo(over $2M) sales for 2011 YTD have exceeded 2010 by 30% and the average price is higher than it was in January but inventory has also risen resulting in 2 years of supply. March/April were the busiest months of the year. Market balanced in favour of buyers. We shall see if October …

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BMO Predicts Canada Real Estate to Balance – Vancouver Real Estate News

by Maggie Chandler September 30, 2011 Home Prices and Trends

Low mortgage rates and low unemployment and immigration will continue to push some demand, but it will be tempered by high house prices, elevated debt, and slowing employment, according to the report out Friday and authored by senior economist Sal Guatieri.

Guatieri said home sales overall are likely to remain steady in 2012.

“Prices should also stay …

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Canada Real Estate on Stable Ground – Homes for Sale in Vancouver

by Maggie Chandler September 29, 2011 Local Market Data

Despite a recent slowdown in economic activity that has cooled real estate across the globe, Canadian housing demand and home values have remained relatively steady this year, according to a new report from Scotia Economics.

Housing prices had stalled in Canada in the second half of 2010

with two consecutive quarters of downward movement, but they have …

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Is Vancouver’s Housing Bubble About to Burst? BCREA Answers

by Maggie Chandler September 27, 2011 Home Prices and Trends

Veena Kalia and Miro Nikolov have been riding the real estate rollercoaster for months now, wondering if it’s the right time to buy. Like many British Columbians, the couple is wondering whether Vancouver’s housing bubble is about to burst – and whether there will be a market correction.

“You’re not sure if it’s going to continue to …

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Vancouver Mortgage Update – Homes for Sale in Vancouver

by Maggie Chandler September 26, 2011 Mortgage Rates

Mortgage Rates are Down

The world may be experiencing economic upheaval but Canada has amazing mortgage rates.

I have never see a 5 year term at 3.19%.

If you’re currently a buyer take advantage of these low rates and get a pre-approved mortgage. You should be able to get 120 day hold on the rate, giving you lots …

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BC Prices Change Sharply Around the Province – BCREA Survey

by Maggie Chandler September 16, 2011 Home Prices and Trends

Southwestern B.C. and the rest of the province increasingly have little in common when it comes to year-over-year home price changes, according to the latest numbers from the B.C. Real Estate Association.

While residential sales across the province remained stable in August as low mortgage rates were balanced by high numbers of active listings, average …

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