For Buyers

January 2017 Real Estate Board of Greater Vancouver Statistics Package with Charts and Graphs

Metro Vancouver housing market off to a quieter start than last year

Home sales and listings trends are below long-term averages in the Metro Vancouver* housing market. This is due largely to reduced activity in the detached home market.

Residential property sales in the region totalled 1,523 in January 2017, a 39.5 per cent decrease from the 2,519 sales recorded in January 2016 and an 11.1 per cent decrease compared to December 2016 when 1,714 homes sold.

Last month’s sales were 10.3 per cent below our 10-year January sales average.

“From a real estate perspective, it’s a lukewarm start to the year compared to 2016,” Dan Morrison, Real Estate Board of Greater Vancouver (REBGV) president said. “While we saw near record-breaking sales at this time last year, home buyers and sellers are more reluctant to engage so far in 2017.”

New listings for detached, attached and apartment properties in Metro Vancouver totalled 4,140 in January 2017. This represents a 6.8 per cent decrease compared to the 4,442 homes listed in January 2016 and a 215.5 per cent increase compared to December 2016 when 1,312 properties were listed.

The total number of homes currently listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver is 7,238, a 9.1 per cent increase compared to January 2016 (6,635) and a 14.1 per cent increase compared to December 2016 (6,345).

The sales-to-active listings ratio for January 2017 is 21 per cent. This is the lowest the ratio has been in the region since January 2015. Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a  Continue Reading…

December 2016 Real Estate Board of Greater Vancouver Real Estate Statistics Package with Charts & Graphs

A heated year for Metro Vancouver real estate draws to a close

The Metro Vancouver housing market had its third highest selling year on record in 2016, behind only 2015 and 2005.

Sales of detached, attached and apartment properties in the region reached 39,943 in 2016, a 5.6 per cent decrease from the 42,326 sales recorded in 2015, and a 20.6 per cent increase over the 33,116 residential sales in 2014.

“It was an eventful year for real estate in Metro Vancouver. Escalating prices caused by low supply and strong home buyer demand brought more attention to the market than ever before,” Dan Morrison, Real Estate Board of Greater Vancouver (REBGV) president said.

“As prices rose in the first half of the year, public debate waged about  Continue Reading…

November 2016 Real Estate Board of Greater Vancouver Statistics Package with Graphs & Charts

 

Home sales and listings just below 10-year average

Home buyer and seller activity remains near historical averages in the Metro Vancouver housing market.

Residential home sales in the region totalled 2,214 in November 2016, a decrease of 0.9 per cent from the 2,233 sales recorded in October 2016 and a decrease of 37.2 per cent compared to November 2015 when 3,524 homes sold.

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Last month’s sales were 7.6 per cent below the 10-year sales average for the month.

“While 2016 has been  Continue Reading…

Avenue One by Concord Pacific – 247 Opulent Southeast False Creek Pre-Construction Condos

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At a Glance

  • bold 17-storey building
  • 247 1- to 3-bedroom homes
  • 28,000 sq ft of outdoor common area
  • park-front location with water views
  • north-facing open balconies
  • 249 underground parking spots
  • fitness room & outdoor play area
  • LEED Silver sustainability rating
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An Expansive Outdoor Living Experience
Concord Pacific, in collaboration with GBL Architects, have unveiled this boldly-designed 17-storey residential building in booming Southeast False Creek. With its attractive location overlooking Hinge Park, Habitat Island, and the waters of False Creek, Avenue One highlights the enjoyment of the outdoors with open north-facing balconies, water features, green roofs, urban agriculture, and its own extraordinary hinge park. If you enjoy an active lifestyle, Avenue One is the one.

Avenue One north elevation rendering.

Aerial view of Area One's Southeast False Creek location.

When you choose a home at Avenue One, you join a master-planned community designed to conveniently meet your everyday needs. An Urban Fare supermarket, London Drugs pharmacy, Terra Breads bakery cafe, various professional services, and numerous shops are but a stroll away. For an evening out, take your pick from breweries, cafes, pubs, restaurants, and taphouses – all within your own neighbourhood. Then, to work it off, there’s the seawall for jogging and cycling, False Creek for waterspouts, or the facilities at the Creekside Community Recreation Centre. Follow the avenue to livability at Avenue One.

Avenue One south elevation rendering.

Pricing for Avenue One  Continue Reading…