Demand for condominiums continues to outstrip supply in Vancouver : REBGV

According to the Real Estate Board of Greater Vancouver (REBGV) report, residential property sales in the region totalled 3,893 in June 2017, an 11.5 per cent decrease from the 4,400 sales recorded in June 2016, an all-time record, and a decrease of 10.8 per cent compared to May 2017 when 4,364 homes sold. Last month’s sales were 14.5 …

Residential real estate market continues to grow in Q3 2016 in Canada

    Residential real estate market continued to grow in the third quarter of 2016 in Canada, posting a double-digit year-over-year aggregate house price increase, according to the Royal LePage House Price Survey. Despite The Government of British Columbia’s new 15 per cent property transfer surtax on foreign nationals and foreign-controlled corporations, home prices increased …

BCREA : BC housing demand remains strong despite fewer Vancouver home sales

The British Columbia Real Estate Association (BCREA) reports that 8,945 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August, up 1.5 per cent from the same month last year. Total sales dollar volume was $5.1 billion in August, down 6.7 per cent compared to the previous year. The average MLS® residential …