Update Could November’s Real Estate Surge Signal a Hot Market Ahead? Metro Vancouver’s real estate market is heating up, with sales soaring 28% from last November, following a similar rise in October. The Greater Vancouver REALTORS® reported 2,181 sales last month, despite being below the 10-year average. Properties listed increased by 10.6%, suggesting a balanced market that might not last. With a sales-to-listings ratio hinting at […]
Update Is Metro Vancouver’s October 2024 real estate market heating up for buyers and sellers alike?   October brought a fresh surge in Metro Vancouver home sales, with a 31.9% year-over-year jump as mortgage rate cuts encourage buyers off the sidelines. With 2,632 residential sales reported and more potential rate cuts from the Bank of Canada on the horizon, buyer activity is stirring across detached, attached, and apartment segments. Inventory increased […]
Update Buyers Cautiously Step Into the Fall Market: What’s Next for Vancouver Real Estate?   Vancouver’s real estate market remains subdued as we head into fall. September 2024 saw a slight dip in home sales, with a 3.8% decrease compared to the same month last year. Despite reductions in borrowing costs, buyer demand remains restrained, pushing total sales 26% below the 10-year seasonal average. A Market in Flux The […]
Update Are you ready for a busier fall real estate market? As the summer holidays wrap up, Vancouver’s real estate market is gearing up for a potential fall rebound after a quieter-than-usual August. Sales across the region dropped by 17.1% compared to last year, with only 1,904 transactions recorded. Buyers seem cautious, keeping the numbers 26% below the ten-year seasonal average, as they navigate higher borrowing […]
Bits and Pieces Metro Vancouver Real Estate – June 2024 Vancouver Downtown: Balanced market for condos/townhomes with a 14% sales ratio. Best bets for sellers are in Westend and one-bedroom properties. Buyers should focus on homes over $5M in Coal Harbour and Downtown. Vancouver Westside: Balanced market for detached homes with a 13% sales ratio. Sellers thrive in Dunbar and Mackenzie Heights with 3-4 bedroom […]
Bits and Pieces Greater Vancouver Real Estate Market – June 2024 Burnaby: Detached homes are in a seller’s market with a 21% sales ratio. The most active price band is $1.5M-$1.75M. Buyers have the best options in Central Park and East Burnaby. Condos and townhomes are balanced with a 20% sales ratio. Sellers find the best opportunities in Central Park and Forest Hills. New Westminster: A […]
Bits and Pieces Is Richmond’s Real Estate Market Thriving in 2024? Richmond’s real estate market is showing strong signs of growth in Q1 2024. With a rise in home sales and property values, it’s clear that buyers and investors see Richmond as a prime location. The market’s resilience is driven by low-interest rates and a surge in demand for suburban living. As a Realtor, I’ve witnessed […]
Bits and Pieces What Do Slower Sales and Rising Listings Mean for Metro Vancouver’s Real Estate Market? Metro Vancouver’s home sales dipped in May, with inventory on the rise. The Greater Vancouver REALTORS® reported 2,733 residential sales, marking a 19.9% drop from May 2023. The number of new listings, however, grew by 12.6% year-over-year to 6,374, contributing to an overall inventory of 13,600 homes. Higher borrowing costs, economic concerns, and government policies […]
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