B.C.’S Brand Equity Sustains Its Global Appeal

As borders remain closed and travel is at a standstill, most of us continue to feel the effects of the novel Coronavirus. Here in B.C., however, the real estate market has remained resilient due to a number of factors including a high quality of life, rise in remote work culture and the adoption of technology by buyers and realtors alike. As restrictions begin to loosen in the future, coupled with a federal government commitment to significantly grow the population in the coming years, demand is set to keep rising.

Bank of Canada Governor Isn’t Worried About a Housing Bubble

Canada’s top central banker isn’t worried about the country’s hot housing market, saying low interest rates and demand for space rather than speculation are behind the price gains.

Accommodative monetary policy, a preference for more living area and the ability to work from home during the pandemic are the main reasons demand for single-family homes across the country has been so robust, Tiff Macklem said Wednesday in an interview with Bloomberg News.

Home Buyer Demand Remains Elevated Across Metro Vancouver

In the first month of 2021, Metro Vancouver’s* housing market continued the pattern set at the end of last year with home sale activity outpacing the supply of homes listed for sale.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,389 in January 2021, a 52.1 per cent increase from the 1,571 sales recorded in January 2020, and a 22.8 per cent decrease from the 3,093 homes sold in December 2020.

Metro Vancouver Housing Market Shows Resilience in 2020

Strong December activity brought Metro Vancouver’s* 2020 home sales total in line with the region’s long-term annual average.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 30,944 in 2020, a 22.1 per cent increase from the 25,351 sales recorded in 2019, and a 25.7 per cent increase from the 24,619 homes sold in 2018.

November home sales outpace seasonal norms and long-term averages

Housing demand in Metro Vancouver continues to outpace historical averages with November sales eclipsing 3,000 for the first time since 2015.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,064 in November 2020, a 22.7 per cent increase from the 2,498 sales recorded in November 2019, and a 16.9 per cent decrease from the 3,687 homes sold in October 2020.

October 2020 – Market Activity in Greater Vancouver

Home sale and listing resurgence extends into the fall

VANCOUVER, BC – November 3, 2020 – Home sale and new listing activity remained at near record levels across Metro Vancouver* in October.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,687 in October 2020, a 29 per centincrease from the 2,858 sales recorded in October 2019, and a 1.2 per cent increase from the 3,643 homes sold in September 2020.

Last month’s sales were 34.7 per cent above the 10-year October sales average and stands as the second-highest total on record for the month.

Shirley Carleton Passes Over the Real Estate Torch

Shirley Carleton retires from Real Estate. I personally will miss Shirley, as she has been a trusted business professional of mine during our time at Keller Williams Elite Realty. She has entrusted me with the future care of her clients and for this, I am truly grateful. Here is her message.
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September sales in Greater Vancouver

VANCOUVER, BC – October 2, 2020 – Home sale and new listing activity reached record
levels in Metro Vancouver* in September.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the
region totalled 3,643 in September 2020, a 56.2 per cent increase from the 2,333 sales recorded
in September 2019, and a 19.6 per cent increase from the 3,047 homes sold in August 2020.

Last month’s sales were 44.8 per cent above the 10-year September sales average and is the
highest total on record for the month.

Amid pandemic, July 2020 home sales in Greater Vancouver surpass historical levels

The Real Estate Board of Greater Vancouver reports that 3,128 homes were sold in July 2020.

According to the board, transactions exceeded historical levels.

In a media release Wednesday (August 5), the REBGV noted that last month’s sales were 9.4 percent above the 10-year July sales average.

The deals also represent a 22.3 percent increase from the 2,557 sales in July 2019.

In addition, last month’s sales constitute a 28 percent increase from the 2,443 homes sold in June 2020. The benchmark price of homes reached $1,031,400. The number represents a 4.5 percent increase over July 2019.

Metro Vancouver housing market sees steady summer activity

VANCOUVER, BC – August 5, 2020 – Home buyer and seller activity in Metro Vancouver* exceeded historical levels in July.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,128 in July 2020, a 22.3 per cent increase from the 2,557 sales recorded in July 2019, and a 28 per cent increase from the 2,443 homes sold in June 2020.

Last month’s sales were 9.4 per cent above the 10-year July sales average.

“We’re seeing the results today of pent up activity, from both home buyers and sellers, that had been accumulating in our market throughout the year,” Colette Gerber, REBGV Chair said. “Low interest rates and limited overall supply are also increasing competition across our market.”