August 5th, 2020
“We're seeing the results today of pent up activity, from both home buyers and sellers, that had been accumulating in our market throughout the year,” Colette Gerber, REBGV Chair said. “Low interest rates and limited overall supply are also increasing competition across our market.” [read more]
July 9th, 2020
“Home prices have remained steady with minimal fluctuation over the last few months,” Gerber said. “With increasing demand, REALTORS® have begun seeing multiple offers for homes priced competitively for today’s market.” [read more]
June 10th, 2020
For immediate release: BCREA 2020 Second Quarter Housing Forecast Vancouver, BC – June 10, 2020. The British Columbia Real Estate Association (BCREA) released its 2020 Second Quarter Housing Forecast today. … [read more]
June 4th, 2020
While sales were up in May compared to April, prices have remained stable. The new measures and procedures put into place have become normal. Buyers and sellers are comfortable with the new home buying and selling processes. We believe the pent-up demand and historically low interest rates will augment the market recovery [read more]
May 13th, 2020
This echoes what Jenny+Suzanne have experienced in the market. Less inventory, fewer sales but prices remain FIRM. Read on to see what BCREA's Chief Economist, Brendon Ogmundson has to say... [read more]
May 5th, 2020
“Home prices have held relatively steady in our region since the COVID-19 situation worsened in March,” Gerber said. [read more]
April 23rd, 2020
We are expecting prices to remain stable based on pent up demand, low interest rates and low inventory levels. Vancouver outperformed the Toronto market. Loss of momentum expected for Toronto, Montreal and Ottawa markets. [read more]
April 2nd, 2020
“The first two weeks of the month were the busiest days of the year for our region with heightened demand and multiple offers becoming more common,” Ashley Smith, REBGV president … [read more]
March 7th, 2020
“Home buyer demand again saw strong year-over-year increases in February while the total inventory of homes for sale struggled to keep pace,” Ashley Smith, REBGV president said. “This was most pronounced in the condominium market.” [read more]
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