Market Update

Blog by David Valente

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Wishing you a Merry Christmas & Happy Holidays!

December 13th, 2018
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Merry Christmas & Happy Holidays! Wishing you happiness this holiday season and through out the coming year. My sincere thanks to you for your loyalty and goodwill in 2018. May you soar into the new year filled with health, happiness and prosperity.

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David Valente

Real Estate Market Newsletter & REGBV Stats Pack: Metro Vancouver homes sales down across all property types

December 4th, 2018
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Metro Vancouver homes sales down across all property types

Home buyer demand remains below long-term historical averages in the Metro Vancouver housing market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales totalled 1,608 in the region in November 2018, a 42.5 per cent decrease from the 2,795 sales recorded in November 2017, and an 18.2 per cent ...

My November 2018 Real Estate Market Newsletter & REBGV Stats Package: Home listings at four-year October high as sales remain below typical levels

November 2nd, 2018

Home listings at four-year October high as sales remain below typical levels
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Home listings at four-year October high as sales remain below typical levels

Home sale activity across Metro Vancouver* remained below long-term historical averages in October.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,966 in October 2018, ...

My Monthly Market Newsletter & REBGV Stats Package, October 2018

October 3rd, 2018
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More supply and less demand seen across Metro Vancouver housing market

The supply of homes for sale continued to increase across the Metro Vancouver* housing market in September while home buyer demand remained below typical levels for this time of year.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 1,595 in Septem ...

September 2018 Real Estate Market Newletter & REBGV Stats Package

September 5th, 2018

Home buyer demand stays below historical averages in August
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Home buyer demand stays below historical averages in August

The Metro Vancouver* housing market continues to experience reduced demand across all housing types.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,929 in August 2018, a 36.6 per cent decrease from the ...

August 2018 Market Newletter & REBGV Stats Package

August 3rd, 2018
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Housing supply up, demand down across Metro Vancouver

July’s residential housing sales in Metro Vancouver reached their lowest levels for that month since the year 2000.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,070 in July 2018, a 30.1 per cent decrease from the 2,960 sales recorded i ...

July 2018 Monthly Newsletter & REBGV Stats Package: Home seller supply grows as demand declines

July 4th, 2018
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Home seller supply grows as demand declines

With home sale activity dipping below long-term historical averages, the supply of homes for sale in Metro Vancouver reached a three-year high in June.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,425 in June 2018, a 37.7 per cent decline from the 3,893 sales recorded in Jun ...

BCREA: Mortgage Policy Changes Hit Affordability Hard

June 15th, 2018

For immediate release

Mortgage Policy Changes Hit Affordability Hard

Vancouver, BC – June 15, 2018The British Columbia Real Estate Association (BCREA) reports that a total of 8,837 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in May, a 28.7 per cent decrease from the same month last year. The average MLS® residential price in ...

June 2018 Market Newsletter & Stats Pack: Reduced demand is allowing housing supply to accumulate

June 4th, 2018
June 2018 Market Newsletter & Stats Pack: Reduced demand is allowing housing supply to accumulate
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Reduced demand is allowing housing supply to accumulate

Home buyer demand continues to decline across the Metro Vancouver housing market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,833 in May 2018, a 35.1 per cent d ...

May 2018 Market Newsletter & Stats Package: Home sales down, listings up across Metro Vancouver

May 2nd, 2018

Home sales down, listings up across Metro Vancouver
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The Metro Vancouver* housing market saw fewer home buyers and more home sellers in April.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,579 in April 2018, a 27.4 per cent decrease from the 3,553 sales recorded in April 2017, and a 2.5 per cent increase compared to ...

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