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Vancouver Real Estate - Market Update

• Vancouver Real Estate Statistics – November 2012

  4 Dec 2012

  It’s that time of the month again, where we get to look back on the previous month of the Vancouver Real Estate Market and draw some conclusions as to what has been happening in the markt over the last 30 days or so. On average over the past 6 months, we have seen a decrease in the number of homes listed for sale, a slow moderation of home prices, and a strong decrease in the actual number of property sales compared to a year ago. During November 2o12 a total of 1,686 properties were sold, compare this to the same [...]

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• Vancouver Christmas Market 2012

  13 Nov 2012

  The Vancouver German Christmas market is back for its third year! Usually the news here is more focussed on real estate. Over the coming months, you are going to see more posts that are relevant to events and activities in Vancouver. Don’t worry – we will be using our ‘Also In The News’ category to separate these from the important Vancouver Real Estate News, which will remain our primary focus. The authentic German market has a fantastic atmosphere. Rows of little wooden huts house a plethora or fantastic food and drinks, along with an array of crafts, ideal for Christmas [...]

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• Micro Suites in Surrey – Balanace

  17 Oct 2012

  The Surrey project named ‘Balance’ aim’s to create more affordable housing for greater Vancouver residents be offering 56 “Micro Suites”. The developer Tien Sher, states that 60% of the suites in the development would be 305 sq ft or smaller, and the largest will be a 653 sq ft one bedroom condo. To put this in perspective, the median size of a hotel room is between 68 and 355 sq ft. All of the suites will features stainless steel appliances, a balcony and hardwood flooring. Prices will start at $109,900 (plus HST or GST), so the thinking from the developer [...]

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• Fraser Valley Real Estate Statistics – July 2012

  9 Aug 2012

  In the Fraser Valley, the president of the real estate board is calling their market ‘stable’. He cites the active market is keeping prices consistent, despite the increased inventory levels. Importantly they are seeing much more activity at the lower end of the affordability scale. In July, 25% more townhomes and 7% more condos were sold compared to the same month during 2011, with over half of the townhomes selling for less than $325,000 and half of the condos for less than $210,000. Detached homes in the South Surrey/White Rock area experienced the highest year over year decline with regard [...]

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• Vancouver Real Estate Statistics – July 2012

  9 Aug 2012

  If there was any doubt up till now, the July statistics for Vancouver Real Estate indicate quite clearly that we are in a Buyers market. The Real Estate Board of Greater Vancouver are describing the market at a ‘Summer Lull’ however this may be erring on the side of caution. Sales in the Vancouver area were again at the lowest number since the year 2000, with 2,098 sales being recorded. That is an 11.2% decline from the previous month of June 2012, and well below the 10 year average of 3,051 sales – (31.2% under the 10 year average). Eugen [...]

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• Fraser Valley Real Estate Statistics – June 2012

  4 Jul 2012

  Fraser Valley’s housing market ‘steady as she goes’ SURREY, BC – For the fifth consecutive month, the ratio of property sales in the Fraser Valley compared to the number of listings on the market has remained stable. In June, it was 14 per cent – the same as it was in February and April of this year. In March and May of 2012, it was 15 per cent. Scott Olson, President of the Fraser Valley Real Estate Board explains, “Our market last month remained consistent. Our sales were down compared to May, however the number of new listings we received dropped as well, which [...]

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• Vancouver Real Estate Statistics – June 2012

  4 Jul 2012

  Greater Vancouver housing market favoured buyers in June The number of residential property sales hit a 10-year low in Greater Vancouver for June, while prices remained relatively stable. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 2,362 in June, a 27.6 per cent decline compared to the 3,262 sales in June 2011 and a 17.2 per cent decline compared to the 2,853 sales in May 2012. June sales were the lowest total for the month in the region since 2000 and 32.2 per cent below the 10-year June [...]

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• Moody’s “very comfortable” with top Canada rating

  15 Jun 2012

  TORONTO (Reuters) – Moody’s Investors Service is “very comfortable” with its top Aaa credit rating for Canada because the country’s fiscal and banking strength give it room to react to risks arising from the European debt crisis and Canada’s hot housing market, Moody’s chief analyst for Canada said on Thursday. Steven Hess said he did not believe the risk from Canada’s booming real estate sector was very great, but that he would not be surprised if there was some price correction. External risks from Europe would mainly flow to Canada from the United States, Canada’s largest trading partner, he said. “We [...]

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