Red hot housing market in Vancouver Nov 2009
Share November Home Sales Continue at Torrid Pace BCREA release – The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province climbed 165% to 7,182 units in November compared to the same month last year. Last month posted the highest number of MLS® residential sales for the month of November since 2005, when 7,721 units changed hands. Triple-digit gains in province-wide... [Read More...]
Forecast: BC housing sales to jump 20% in 2009; 8% in 2010
ShareMarket Strength Extends Through 2010 BCREA Fall 2009 Housing Forecast BCREA release – The British Columbia Real Estate Association (BCREA) has just released its Fall 2009 Housing Forecast. BC Multiple Listing Service® (MLS®) residential sales are estimated to increase 20% to 82,900 units this year from 68,923 units in 2008. Residential sales in 2010 are forecast to increase a further 8% to 89,600 units. The ten-year average is 82,800... [Read More...]
Vancouver home prices keep rising in Oct 2009
Share REBGV release – Strong demand has led to a steady rise in Greater Vancouver home prices compared to last year. Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 6.8% to $553,702 from $518,668 in October 2008. “While home prices have been rising in 2009, they have not eclipsed the peaks reached in early 2008,” Scott Russell, Real Estate Board of... [Read More...]
Vancouver Aug 2009 real estate sales skyrocket 120% over last year
ShareA bit late this month… here you go. REBGV release – The number of home sales in Greater Vancouver increased significantly last month compared to August 2008 and moved closer in line with the active summer months experienced between 2003 and 2007. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver increased 119.5% in August 2009 to 3,441 from the 1,568 sales recorded in August... [Read More...]
July 2009 home sales better than pre-recession
Share REBGV release – The Greater Vancouver housing market gained further momentum in July with record sales levels and a continued strengthening of home prices. The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totalled 4,114 in July 2009, becoming the highest volume of sales ever recorded within the REBGV for that month, outpacing the 4,023 sales in July 2003, which is... [Read More...]
4 in 10 BCers plan to buy a home in the next 5 years
ShareBCREA survey - A new survey of BC homeowners and renters on housing affordability and green housing issues suggests consumer confidence concerning real estate purchases may be improving.. Sponsored by the British Columbia Real Estate Association (BCREA), the May 2009 Mustel Group survey tracked several key measures asked in a January 2009 BCREA survey, including top affordability barriers and how provincial taxes impact BC homebuyers. It also... [Read More...]
Buyers’ market is gone: study
ShareRemax release – Pent-up demand for residential housing has bolstered sales in Canada’s major markets – a clear signal that the housing sector has shifted into recovery mode, says RE/MAX. More balanced market conditions have emerged, effectively ending the stronghold that buyers had on the market over the past six to eight months. Canada’s largest markets, Toronto and Vancouver, led the charge-with June sales among the... [Read More...]
Vancouver area homes sales June 2009
Share REBGV release – The combination of low interest rates and more affordable pricing helped propel Greater Vancouver home sale numbers to the second all-time highest total for the month of June. The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment properties increased 75.6% in June 2009 to 4,259, from the 2,425 sales recorded in June 2008. The figure is just short of the record-breaking... [Read More...]
Increased demand steadies housing market in Greater Vancouver
Share REBGV release – A continued increase in buyer activity over the last four months has resulted in increased home sales and lessened the downward pressure on housing prices in Greater Vancouver. The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totalled 3,524 in May 2009, an increase of 17.4% from the 3,002 sales recorded in May 2008, and an increase of 18.9% compared... [Read More...]
BCREA revises housing forecast: price fall stops, house sales to surge 10% in 2010
ShareBCREA release – As part of its Spring 2009 Housing Forecast, the British Columbia Real Estate Association (BCREA) reported today that housing market conditions have improved more rapidly than expected. As a result, BCREA has revised its home price forecast upwards, reflecting greater price stability through the balance of the year. The average Multiple Listing Service® (MLS®) residential price in British Columbia is forecast to decline... [Read More...]
