Market Update

The Unusual World of Pandemic Economics - September 2020

Posted on Sep 09, 2020 in Market Update

Pandemic Real Estate Vancouver Economics

Summary Findings:
• This is not a typical recession
• This recession has not been felt uniformly across the economy; jobs in high-wage sectors have not been impacted as much as others
• Swift response from fiscal and monetary policy has helped to boost housing demand and temper financial vulnerability
• Social distancing to stem the spread of COVID-19...

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Greater Vancouver Real Estate Statistics - July 2020

Posted on Sep 02, 2020 in Market Update

Home Sales - July 2020Home sale and listing activity continues to increase in August


Home buyers and sellers remained active across Metro Vancouver in August, with home sale and new listing activity outpacing the region’s historical averages.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,047 in August 2020...

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BCREA: Surprisingly Strong Recovery to Propel Housing Market in 2021

Posted on Aug 25, 2020 in Market Update

BCREA 2020 Third Quarter Housing Forecast Update


The British Columbia Real Estate Association (BCREA) released its 2020 Third Quarter Housing Forecast Update today.

Multiple Listing Service® (MLS®) residential sales in the province are forecast to rise 6.5 per cent to 82,380 units this year, after recording 77,351 residential sales in 2019. MLS® resi...

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Strong Recovery Continues for BC Housing Markets

Posted on Aug 13, 2020 in Market Update

July MLS Statistics - Vancouver Real EstateThe British Columbia Real Estate Association (BCREA) reports that a total of 10,090 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in July 2020, an increase of 26.6 per cent from July 2019. The average MLS® residential price in BC was $770,810, a 12.9 per cent increase from $682,702 recorded the previous year. Total sa...

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Vancouver Real Estate Statistics - July 2020

Posted on Aug 05, 2020 in Market Update

Vancouver Real Estate Stats - July 2020Metro Vancouver housing market sees steady summer activity


Home buyer and seller activity in Metro Vancouver* exceeded historical levels in July.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,128 in July 2020, a 22.3 per cent increase from the 2,557 sales recorded in July 2019, and a 2...

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BC Government Responds to Rising Insurance Costs for Strata Owners

Posted on Jul 20, 2020 in Market Update

BC Government Responds to Rising Insurance Costs for Strata OwnersOn June 23, 2020, the BC government tabled Bill 14 - Municipal Affairs and Housing Statutes Amendment Act (No. 2), 2020 (“Bill 14”), which aims to help strata owners mitigate costs associated with purchasing strata insurance. Bill 14 proposes amendments to the Strata Property Act, SBC 1998, c 43 and the Financial Institutions Act, RSBC 1996, c 141...

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