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

Vancouver Real Estate Graph

by Maggie Chandler March 12, 2010 Home Prices and Trends

Above are the Febuary Vancouver (west side) real estate graphs for houses, townhouses and condos. Sales down and listings up, in all categories.

Condo listings increased to just over 1500 vs. nearly 2000 a year ago and are equal to May and Oct’09. New Listings – Feb 601, Jan 850, Dec 349, Nov 621, Oct 833 , Sept 798. Sales Feb 342, Jan …

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Vancouver Real Estate Graph

by Maggie Chandler March 10, 2010 Home Prices and Trends

The February graphs for Greater Vancouver real estate show the average price of Greater Vancouver homes, townhomes and condos are slightly above their last peak, having regained what they lost last year. Prices have been rising since March. The graph shows the houses on the top, townhomes (middle) and condos (bottom) average price from 1977 to present. The Vancouver market peaked …

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Greater Vancouver February Sales Up, Listings Down

by Maggie Chandler March 2, 2010 Home Prices and Trends

From REBGV

The Greater Vancouver housing market continued to experience strong demand from homebuyers 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 that residential property sales in Greater Vancouver totalled 2,473 in February 2010, an …

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What Vancouver Real Estate Sells Best?

by Maggie Chandler February 28, 2010 Common Questions

I often get questions from Buyers purchasing Vancouver real estate regarding the price range that sells the best.

So I thought I’d take a look at the February sales and see what price range was the best seller. MLS to date shows 177 condo sales and of those 55% sold under $500,000 (of those 12% sold …

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Vancouver Penthouse Real Estate Analysis

by Maggie Chandler February 27, 2010 Home Prices and Trends

A search on MLS shows 112 listings over $500,000 identified as Penthouses – a special apartment on the top floor of a building. Some condos are marketed as Penthouses if they are one of a few suites on the top floor. The New Year saw a 10 month supply of Vancouver Penthouses with the listings under …

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Canada Real Estate Roundup

by Maggie Chandler February 26, 2010 How's The Market

With the exception of PEI, all Canadian Provinces saw a higher average real estate price in January 2010 than they did in January 2009.

The average Canadian real estate price in January 2010 saw the cities of Vancouver, Victoria, Calgary, Winnipeg, Toronto, Ottawa, Montreal all higher than a year ago. However, Edmonton, Saskatoon and Regina were lower.

The following …

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West End Real Estate Analysis

by Maggie Chandler February 18, 2010 Home Prices and Trends

West End real estate analysis saw January listings and sales up, compared to December, leaving the supply stable at less than 3 months. Listings and sales similar to Jan’09. The days on the market for condos that sold dropped from 41 to 28. The average selling price steady at $544,000. The sales under $500,000 up from 51% to 61% and the sales over $1M increased. The list price to sale price …

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Changes to Canada’s Mortgage Insurance Rules

by Maggie Chandler February 16, 2010 Buyers

Federal Finance Minister Jim Flaherty announced changes to mortgage insurance rules this morning, which are set to come into force on April 19th, 2010. This means the government will adjust the rules for government-backed insured mortgages as follows:

Require that all borrowers meet the standards for a five-year fixed-rate mortgage even if they choose a mortgage with a lower …

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False Creek North Real Estate Analysis

by Maggie Chandler February 15, 2010 False Creek North

False Creek North real estate analysis for January saw listings up from 133 to 153 for the second consecutive month. Sales also increased fro 17 to 28. Days on the market up from 34 to 43. The average selling price was up to $688,000 and $psf flat at $694. The supply of condos dropped to 5.6 months. The condo listings over $2M nearly …

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Vancouver Luxury Real Estate

by Maggie Chandler February 15, 2010 Home Prices and Trends

January 2010 saw 19 sales over $3 million. Of those, 2 were condos and the remainder houses. The highest sale price was $6.1M for water view house in Point Grey. The most expensive condo was the 5000sf Penthouse at Wall Centre.

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