REBGV news release on the new rules

Posted on Jun 15, 2018

VANCOUVER, BC - June 15, 2018 - New real estate rules took effect today that will change the way REALTORS® and their clients work together.Specifically, the new rules will prohibit the practice of limited dual agency and require real estate licensees in BC to provide additional information to their clients about how they’re compensated.The move to...

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Reduced demand is allowing housing supply to accumulate

Posted on Jun 07, 2018

Home buyer demand continues to decline across the Metro Vancouver* housing market.The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,833 in May 2018, a 35.1 per cent decrease from the 4,364 sales recorded in May 2017, and a 9.8 per cent increase compared to April 2018 when 2,579 homes...

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Vancouver luxury home News

Posted on May 17, 2018

According to a new report, Vancouver’s real estate market might begin to see luxury home prices drop as we move on to spring of next year.Canadian real estate agency Royal Lepage said Thursday that the median Vancouver luxury home could be looking at a price decrease of nearly $180,000 by the beginning of 2019.Currently, sales in Greater Vancouver...

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Metro Vancouver Sales Heat Up on May

Posted on Jun 12, 2017

The Real Estate Board of Greater Vancouver says home sales across the region returned to near record levels in May.
The board says residential property sales totalled 4,364 in May, a leap of 22.8 per cent over the 3,553 homes sold one month earlier.
May’s numbers are about 10 per cent lower than sales recorded in May 2016, but a news release from the...

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Greater Vancouver home sales edging back to record levels according to REBGV

Posted on Jun 05, 2017

Increasingly hot market driven by demand for town homes and condominiums, rather than single-family homesDescripción: Macintosh HD:Users:rosariomarin:Desktop:vancouver.jpgCondominium and town home demand is driving homebuyer activity in Metro Vancouver back to near-record levels. (Darryl Dyck/Canadian Press)The Real Estate Board of Greater Vancouver (REBGV) says home sales across the region returned to near recor...

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What to expect from vancouver real estate in the coming months

Posted on May 31, 2017

British Columbia’s foreign-homebuyer tax for Metro Vancouver was no panacea for massive price gains in the red-hot housing market, experts suggest.
“If it was damaging, to begin with, we would see significant drops in the prices of these homes,” Aaron Chen, president of the local brokerage AISA Real Estate Services said.
“What it really did was to ca...

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