Paolo's Blog

New listings are slow to appear - Seller's market

(March 02, 2017)

Residential home sales in the region totalled 2,425 in February 2017. This is a 41.9 per cent decrease from the record 4,172 homes sold in February 2016 and an increase of 59.2 per cent compared to January 2017 when 1,523 homes sold.


Last month’s sales were 7.7 per cent below the 10-year February sales average.

“February home sales were well below the record-breaking activity from one year ago and i... read more.

Lukewarm 

(February 17, 2017)

Residential property sales in the region totalled 1,523 in January 2017, a 39.5 per cent decrease from the 2,519 sales recorded in January 2016 and an 11.1 per cent decrease compared to December 2016 when 1,714 homes sold.


Last month’s sales were 10.3 per cent below our 10-year January sales average.

“From a real estate perspective, it’s a lukewarm start to the year compared to 2016,” Dan Morrison... read more.

Fall around the corner, what a crazy year so far..

(September 21, 2016)

What an incredible year we have had in Vancouver's Real Estate Market! With the summer to fall market transition and since the introduction of the new 15% Foreign Buyer Tax, there was a decline of 26% in sales recorded this August compared to August of 2015. This is also a 22.8% decline compared to last month's sales. For the second straight month, home buyer demand in Metro Vancouver moved off of... read more.

Market still sustains activity 

(May 13, 2016)

Residential property sales in the region totalled 4,781 in April 2016, an increase of 14.4 per cent from the 4,179 sales recorded in April 2015 and a decrease of 7.6 per cent compared to March 2016 when 5,173 homes sold.


April sales were 41.7 per cent above the 10-year sales average for the month.

“Home buyer competition remains intense across the region,” Dan Morrison, REBGV president said. “Whethe... read more.

2014 Fall Recap

(December 19, 2014)

  • The rental market report said Metro Vancouver’s apartment vacancy rate fell to 1% in October from 1.7 % in October 2013.
  • This fall's sales were 16.6% above the 10 year average! We've seen strong and consistent demand from home buyers throughout this year. This has led to steady increases in home prices of between 4 - 8% depending on the property.
  • The MLS® Home Price Index composite benchmark price f... read more.