January 5th, 2021
“Robust December sales outpaced long-term averages in what’s traditionally the quietest month of the year in real estate. This was part of an unusual seasonal pattern the market followed last year, which can be attributed in large part to the pandemic,” Gerber says. [read more]
December 7th, 2020
“Home buyer demand has been at near record levels in our region since the summer,” Colette Gerber, REBGV Chair said. “This is putting upward pressure on home prices, particularly in our detached and townhome markets." [read more]
November 3rd, 2020
According to the REBGV, "Home sale and listing resurgence extends into the fall. Home sale and new listing activity remained at near record levels across Metro Vancouver in October". Find out what's happening in the current North Vancouver market. [read more]
October 14th, 2020
“The provincial housing market had a record-setting September,” said BCREA Chief Economist Brendon Ogmundson. “Both total sales and average prices were the highest ever for the month of September as pent-up demand from the spring pushes into the fall.” [read more]
October 5th, 2020
“We've seen robust home sale and listing activity across Metro Vancouver throughout the summer months," Colette Gerber, REBGV Chair said. "This increased activity can be attributed, in part, to lower interest rates and changing housing needs during the COVID-19 pandemic." [read more]
September 20th, 2020
"There has been a fundamental shift in what is deemed desirable in real estate. Now that the work-from-home movement is no longer a trend but a necessity, living close to your workplace isn't as important as it used to be. The items that are on top of today's buyers' wish lists include a backyard and an extra room for a home office." [read more]
September 9th, 2020
“Pandemic economics are proving to be very unusual. Many of the trends we are seeing are without precedent and significant uncertainty remains, but we are cautiously optimistic that this housing recovery will continue,” notes Ogmundson. [read more]
September 2nd, 2020
Sales were down in August compared to July, the average composite price was up. Buyers and sellers are comfortable with the new home buying and selling processes. The long weekend has historically meant for a delay to the second or third week of September for the real estate market. We do not see the market slowing down for fall. [read more]
August 17th, 2020
Many Buyers who have been working from home are planning to continue to do so. Buyers want to upgrade to have better or more comfortable living space indoors and out. The following factors have stabilized the real estate market in the midst of a policy driven economic downturn. [read more]
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