Market News

The first quarter of 2013 saw a reduction in the total dollar value and quantity of commercial real estate sales in the Lower Mainland compared to recent years, according to data from Commercial Edge, a commercial real estate system operated by the Real Estate Board of Greater Vancouver (REBGV).

While the number of home sales in Greater Vancouver continued to trend below the 10-year average in May, the balance of sales and listings meant continued market stability this spring.

A closer relationship between home buyer demand and the supply of homes for sale has been having a stabilizing impact on home prices in the Greater Vancouver housing market over the last three months.

Vancouver, BC – In a recent Ipsos Reid opinion poll, 58 per cent of respondents agreed that the Property Transfer Tax (PTT) places an unfair tax burden on home buyers relative to other segments of the population.

Vancouver, BC – BC voters head to the polls on May 14 and the Property Transfer Tax (PTT) is a top election issue for the Real Estate Board of Greater Vancouver (REBGV).

Vancouver, BC - Lower levels of both supply and demand in recent months are holding home prices in check in the Greater Vancouver housing market.

Vancouver, BC – Three local REALTORS® and a real estate office have been recognised for their commitment to community causes in 2012.

Vancouver, BC – North Vancouver REALTOR® Sadru Mitha was recently named the recipient of the Real Estate Board of Greater Vancouver’s (REBGV) Professional Excellence Award.

Vancouver, BC - The Real Estate Board of Greater Vancouver (REBGV) is pleased to introduce Sandra Wyant as its 2013/2014 president. Wyant replaces outgoing President Eugen Klein.

Vancouver, BC - The dollar value from commercial real estate transactions in the Lower Mainland eclipsed the $5 billion mark in 2012.

Vancouver, BC - Home sale activity has trended below historical averages for a full year in the Greater Vancouver housing market.

VANCOUVER, BC - Home buyer demand remains below historical averages in the Greater Vancouver housing market. This has led some home sellers to remove their homes from the market in recent months.

VANCOUVER, BC – The Greater Vancouver housing market experienced below average home sale totals, typical home listing activity and modest declines in home prices in 2012.

VANCOUVER, BC – From the Ladner seniors who fundraised to buy socks to students in Richmond and Langley, the 18th annual REALTORS Care® Blanket Drive collected blankets and warm clothing to help over 19,000 working poor and homeless people across the Lower Mainland.

VANCOUVER, BC - Over the past six months, the Greater Vancouver housing market has seen a reduction in the number of homes listed for sale, a gradual moderation in home prices and a decrease in property sales compared to historical averages.

 VANCOUVER, BC – The region’s top commercial building projects were honoured recently at the Real Estate Board of Greater Vancouver’s (REBGV) 3rd annual Commercial Building Awards.

Vancouver, BC  – The Greater Vancouver housing market saw a slight increase in the number of home sales, a slight reduction in the number of listings, and a slight decrease in home prices in October compared to the summer months.

VANCOUVER, BC - The summer of 2012 drew to a close in September with home sale activity well below historical averages in the Greater Vancouver housing market.

VANCOUVER, BC –  Home sale activity remained below long-term averages in the Greater Vancouver housing market in August.

VANCOUVER, BC – Residential property sales in Greater Vancouver remained at a 10-year low in July, while the number of properties being listed for sale continued to edge down and prices remained relatively stable.

VANCOUVER,BC - The number of residential property sales hit a 10-year low in Greater Vancouver for June, while prices remained relatively stable.

VANCOUVER, BC - The number of properties listed for sale continued to increase in the Greater Vancouver housing market in May. The number of sales decreased year over year, but remained relatively constant compared to recent months.

VANCOUVER, BC – Nominations are now open for the Real Estate Board of Greater Vancouver’s (REBGV’s) 3rd annual Commercial Building Awards. The deadline to submit a nomination is Monday, July 16.

VANCOUVER, BC - Home sale and listing activity has maintained a consistent pace in Greater Vancouver in recent months, which has helped create balanced conditions for the region’s housing market.

VANCOUVER, BC - The Real Estate Board of Greater Vancouver (REBGV) recently honoured three REALTORS® for their extensive work in the community in 2011.

VANCOUVER, BC - March home sales trended below 10-year average in Greater Vancouver while home listing activity outpaced what’s typical for the month.

VANCOUVER, BC - The Real Estate Board of Greater Vancouver (REBGV) is pleased to introduce Eugen Klein as its 2012/2013 president. Klein replaces outgoing President Rosario Setticasi.

VANCOUVER, BC – Closer alignment between home buyer and seller activity helped bring greater balance to the Greater Vancouver housing market in February.

VANCOUVER, BC – Greater Vancouver home sellers were more active than buyers in January and overall home prices, according to the new MLS® Home Price Index (MLS® HPI), continued to experience more stability and less fluctuation compared to the beginning of 2011.

VANCOUVER, BC – The 2011 Greater Vancouver housing market began with heightened demand in regional hot spots and concluded with greater balance between seller supply and buyer demand.

VANCOUVER, BC – Nearly 19,000 working poor and homeless people across the Lower Mainland received donations of blankets, clothing, and other necessities this year from the region’s longest running Blanket Drive.

VANCOUVER, BC – The Greater Vancouver housing market saw relatively typical home sale and listing activity in November.

VANCOUVER, BC – The 17th annual REALTORS Care® Blanket Drive begins today and will run until Monday, December 5. Hundreds of real estate offices from Whistler to Chilliwack turn into donation depots for eight days as REALTORS® collect, sort and deliver donations of warm, winter clothing and blankets for distribution to dozens of local charities.

VANCOUVER, BC – For the first time in its 17-year history, a video blog will tell the REALTORS Care® Blanket Drive story, from the perspective of the volunteers, charities and community partners who make it happen.

VANCOUVER, BC – People depend on the REALTORS Care® Blanket Drive. What started as a compassionate offer of simple warmth to those living on the streets in Vancouver’s Downtown Eastside is now the largest, longest-running charitable blanket and warm clothing collection in the region.

VANCOUVER, BC – With a sales-to-active property listings ratio of 15 per cent, the Greater Vancouver housing market continues to hover at the lower end of a balanced market and has been trending in that direction over the past five months.

VANCOUVER, BC - Consistent increases in property listings and fewer home sales over the summer months has helped move the Greater Vancouver housing market into the upper end of a buyers’ market.

VANCOUVER, BC – The Real Estate Board of Greater Vancouver (REBGV) honoured the very best in commercial building at its 2nd annual Commercial Building Awards on September 29.

VANCOUVER, BC – August marked the third consecutive month that home sale activity in Greater Vancouver was below the 10-year average for the month. In contrast, home listing activity in the region has exceeded the 10-year norm every month since the beginning of the year.

VANCOUVER, BC – While the balance between home buyer and seller activity remains in an equilibrium range in the Greater Vancouver housing market, last month’s home sale total was below the 10-year average for July.

VANCOUVER, BC – Home sellers outpaced buyers on Greater Vancouver’s Multiple Listings Service® (MLS®) in June, drawing the market back toward balance this summer.

VANCOUVER, BC – Home sales remained at typical springtime levels on the Multiple Listing Service® (MLS®) in Greater Vancouver in May.

VANCOUVER, BC –  Three housing related charities recently received more than $34,000 in donations from the REALTORS Care® Shelter Drive.

VANCOUVER, BC - Greater Vancouver saw a typical, solid month of residential home sales on the Multiple Listing Service® (MLS®) in April, in contrast to the near record pace witnessed in the two preceding months.

VANCOUVER, BC - Activity in the Greater Vancouver housing market continued to strengthen in March with both the number of homes sold and added to the region’s Multiple Listing Service® (MLS®) reaching near record levels.

VANCOUVER, BC - The Real Estate Board of Greater Vancouver (REBGV) is pleased to introduce Rosario Setticasi as the association’s 2011/2012 president. Setticasi replaces outgoing President Jake Moldowan.

VANCOUVER, BC - REALTOR® Harvey Exner became the third recipient of the Real Estate Board of Greater Vancouver’s (REBGV) Professional Excellence Award, March 25, during the association’s annual President’s Recognition Dinner.

VANCOUVER, BC – Three Greater Vancouver REALTORS® were recognized for their deep commitment to charitable causes in 2010. Rob Jeeves, Kenan MacKenzie and Patricia Simpson were named 2010 recipients of the REALTORS Care® Awards during an event hosted by the Real Estate Board of Greater Vancouver (REBGV).

VANCOUVER, BC – Demand for detached homes continues to be strong across Greater Vancouver, with particularly high sales volumes occurring in Richmond and Vancouver Westside.

VANCOUVER, BC – The Greater Vancouver housing market remained in balanced market conditions in January, although higher levels of buyer demand were seen in some of the region’s largest communities.