Home values continued to edge upward in November as demand in the Greater Vancouver housing market remains well above seasonal norms.
Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 12.4 per cent to $557,384 from $495,704 in November 2008. This price, however, re ...
November 3, 2009
REBGV October Stats
High sales levels spur rise in home values
VANCOUVER, B.C. – November 3, 2009 – 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 per cent to $553,702 from $518,668 ...
Sales of apartment properties in October 2009 increased 148.4 per cent to 1,607, compared to 647sales in October 2008. The benchmark price of an apartment property increased 6.3 per cent from October 2008 to $380,975.
Attached property sales in October 2009 are up 172.3 per cent to 610, compared with the 224 sales in O ...
August stats:
Market momentum carries into August 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 per cent in August 200 ...
The Canadian Real Estate Association expects the resale cooling trend to continue through 2009 across B.C. The number of sales is expected to fall by 19.2 per cent while prices of existing homes will tumble by 10.6 per cent. While sales are expected to recover in 2010, prices will be down less than one per cent.
Vancouver new house price changes from StatsCan:
-7.8% (March 2008-March 2009 ...
Real Estate News
Bank of Canada holds interest rates steady
The Bank of Canada held its benchmark overnight lending rate steady at 0.25 per cent at its setting on July 21st, 2009. The trend-setting Bank rate, which is set 0.25 percentage points above the overnight lending rate, remains at 0.5 per cent.
The Bank said it expects Canada's economy will contract 2.3 per cent this year, which is si ...
July 2009 compared to July 2008:
DETACHED:
Burnaby up 121.7 per cent (153 units sold from 69)
ATTACHED:
Burnaby up 123.3 per cent (134 units sold from 60)
APARTMENTS:
Burnaby up 72.8 per cent (235 units sold from 136)
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July stats:
Strong spring market carries into summer months
VANCOUVER, B.C. – August 5, 2009 – 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, be ...
Market conditions drive strong June housing sales.
VANCOUVER, B.C. – July 3, 2009 – 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 pe ...
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