Market Reports

16 Grants and Rebates for Homebuyers and Owners

REBGV recently published an article with a list of 16 grants and rebates for homebuyers and owners. Here is a link to that information which could be very helpful to buyers and homeowners. https://www.rebgv.org/content/rebgv-org/news-archive/16-grants-rebates-homebuyers-and-owners.html 1. Home Buyers’ Plan Qualifying home buyers can withdraw up to $35,000 (couples up to $70,000) from their RRSPs for a down …

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Market Highlights For November 2023

Highlights of Dexter’s November 2023 report New Westminster’s average price is the lowest in the region Interest rates are coming down… soon.  2023 will have the lowest annual number of new listings since 2002 West Vancouver House Price Index down 3.7% month-over-month BC NDP quickly pass a number of bills to boost supply and curb …

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Market Highlights For October 2023

Median prices reveal where deals are emerging • Economists now predict interest rates will fall by 2.5%• Median home prices are down this year in virtually every Metro market • Priciest detached markets lead the sales curve in Metro Vancouver • Province mandates 2-4 housing units on every detached house lot • Buyer’s market conditions now dominate suburban …

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Rental Statistics for September 2023

Here are the highlights of the September 2023 Metro Vancouver Rent Report released by rental listing site liv.rent: Coinciding with the busy back-to-school season and continued high demand for rental housing throughout B.C.’s Lower Mainland region, Metro Vancouver’s rent prices have seen another average increase this month. The Bank of Canada also announced on September …

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Market Highlights For July 2023

Home prices are virtually unchanged in the past year Total sales in Greater Vancouver are up nearly 30% from July 2022 Wily buyers take advantage of a summer sales slump There are now 16,400 properties for sale across Metro Vancouver Vancouver density plan invites higher taxes for owners On July 25 the City of Vancouver …

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Market Highlights For May 2023

May average home price $200,000 higher than in January May home sales-to-listing ratio a sizzling 59% Total sales the highest this year and higher than in May 2022 Surrey detached new listings were up 53% from April 2023 Overall higher listings may point to a price plateau this summer  After five months that defied most …

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