We are now in a seller’s market across Greater Vancouver Multiple offers are being seen as buyers roar back Buyers must brace for higher new home prices in ‘24 Greater Vancouver sales are up 166% since the start of the year Fraser Valley detached house prices are up $60,000 since January As much of Canada …
Highlights of the April 2023 Metro Vancouver Rent Report released by rental listing site @liv.rent: Since April 2022, the average rent for an unfurnished, one-bedroom unit in Metro Vancouver has increased by $355, or +18.61%. Burnaby had the most expensive rent per square foot in Metro Vancouver this month, at an average cost of $3.88/sq. ft. …
Benchmark prices are 22% higher than three years ago Greater Vancouver sales are up 146% from January 2023 Greater Vancouver Benchmark detached-house price rise $60,000+ this year First-time homebuyer incentive starts April 1 Five-year fixed mortgages are now the lowest-rate option Fraser Valley home sales soared 72% in a month March came in like a …
Prices increased month-over-month for the first time since May 2022 Housing sales are up 77% from January; new listings are up just 5%. Multiple offers are being seen on Westside detached houses. Top townhouse market: New Westminster. Undersupplied North Vancouver is now a seller’s market. The last three years have been an anomaly for housing …
2023: the year to get in position for the recovery January 2023 signalled early that it would end with what the Real Estate Board of Greater Vancouver says is “among the lowest sales month in recent history.” As of mid-month, total transactions had reached just 334 properties, well below the 795 in mid-December 2022 or …
Highlights of the January 2023 Metro Vancouver Rent Report released by rental listing site @liv.rent: Since January 2022, the average rent for an unfurnished, one-bedroom unit in Metro Vancouver has increased by $430. For one-, two-, and three-bedroom unfurnished units, West Vancouver had the most expensive prices in the Metro Vancouver region this January. Furnished, …
Below is a summary of the government regulations that have been in place or have recently come into place in 2023. You can find the links to the resources behind them. If you are unsure whether these apply to you, please get legal or other professional advice. City of Vancouver Empty Homes Tax Starting in …
A year ends with a flourish and a new year begins with confidence. We will all remember the 2022 housing market as one of the most volatile that Metro Vancouver has ever seen, rising to unprecedented highs early in the year only to fall to a near 40-year low by December. Along the way the …
It’s Deja-vu as November sales mirror 2018 As Peter (Yogi) Berra famously said, “It’s Deja-vu all over again” but in this case it is in comparing Metro Vancouver’s housing market in November 2018 and what we are experiencing today. 2018, after all, was also a down market and that November’s housing sales across Greater Vancouver …
Positive signs emerge as buyers’ market strengthens Highlights of the October report Lowest benchmark home price: New Westminster at $809,800 Highest number of Greater Vancouver sales since June 2022 Benchmark home price is down 9.2% from six months ago North Vancouver average home prices up 8.5% from September West Side detached house sales highest in …