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REBGV Feb 2023 Stats Graph MS

February 2023 Real Estate Board Of Greater Vancouver Statistics Package With Charts & Graphs

https://youtu.be/7n5yrTBDNJc  Below average home sales allow inventory to inch upwards VANCOUVER, BC – March 2, 2023 – February listing data show a continued reluctance among prospective home sellers to engage in Metro Vancouver’s* housing market, leading to below-average sales activity. With sales remaining well-below historical norms, the number of available homes for sale in the region have continued inching upwards. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,808 in February 2023, a 47.2 per cent decrease from the 3,424 sales recorded in February 2022, and a 76.9 per cent…

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How to Sell Your Condo Episode 10 – Understanding Multiple Listing Contracts for Vancouver Property Sellers

https://youtu.be/Y4jstD8nZGM In Episode 9 of How to Sell Your Condo in Vancouver, we discussed marketing strategies to sell a condo in Vancouver. Once we have a good plan of action to sell a condo, its time to talk about the Multiple Listing Contract and get started with the marketing of the property. In this post we will explain what a MLS listing contract is, is not, and some of the important features of the document. What is a Real Estate Listing Contract? There are two types of listing contracts that are most commonly used to sell properties in Vancouver and…

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January 2023 Stats Centre Reports

Metro Vancouver Stats Centre Report  Vancouver West Stats Centre Report  Vancouver East Stats Centre Report 

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REBGV Stats Graph

January 2023 Real Estate Board Of Greater Vancouver Statistics Package With Charts & Graphs

https://youtu.be/J7AyImMJduI  Home sales decline below long-term averages and inventory remains low to start 2023 VANCOUVER, BC – February 2, 2023 – Inventory remains low in Metro Vancouver* while home sales dipped well below monthly historical averages in January. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,022 in January 2023, a 55.3 per cent decrease from the 2,285 sales recorded in January 2022, and a 21.1 per cent decrease from the 1,295 homes sold in December 2022. Last month’s sales were 42.9 per cent below the 10-year January sales average…

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December 2022 British Columbia Real Estate Association Statistics

https://youtu.be/6frw1TEsnQQ  Home Sales Decline in 2022 After a Record 2021 Vancouver, BC – January 12, 2023. The British Columbia Real Estate Association (BCREA) reports that 80,874 residential unit sales were recorded by the Multiple Listing Service® (MLS® ) in 2022, a 35.2 per cent decline from a record 124,788 units sold in 2021. The annual average MLS® residential price in BC was $996,878, a 7.5 per cent increase from $927,513 recorded the previous year. Total sales dollar volume was $80.6 billion, a 30.3 per cent decline from 2021. "2022 could not match last year's record pace," said Brendon Ogmundson,…

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December 2022 Stats Centre Reports

Metro Vancouver Stats Centre Report  Vancouver West Stats Centre Report  Vancouver East Stats Centre Report 

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REBGV Dec 2022 stats graph

December 2022 Real Estate Board Of Greater Vancouver Statistics Package With Charts & Graphs

https://youtu.be/2znzRIdqB8Q  Rising mortgage rates brought uncertainty and caution to Metro Vancouver’s housing market in 2022 VANCOUVER, BC – January 4, 2023 – After seeing record sales and prices during the pandemic, Metro Vancouver’s* housing market experienced a year of caution in 2022 due to rising borrowing costs fueled by the Bank of Canada’s ongoing battle with inflation. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 28,903 in 2022, a 34.3 per cent decrease from the 43,999 sales recorded in 2021, and a 6.6 per cent decrease from the 30,944 homes…

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November 2022 British Columbia Real Estate Association Statistics

 Housing Market Activity Remains Slow in November Vancouver, BC – December 13, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 4,512 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November 2022, a decrease of 50.8 per cent from November 2021 and about 30 per cent below a historical average November. The average MLS® residential price in BC was $906,785 an 8.6 per cent decrease from $992,245 recorded in November 2021. Total sales dollar volume was $4.1 billion, a 55 per cent decline from the same time last year. “A lot has changed…

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REBGV November 2022 Stats Graph

November 2022 Real Estate Board Of Greater Vancouver Statistics Package With Charts & Graphs

https://youtu.be/xqh54ar1IMo    Home sale and listing activity continue trending below long-term averages in November VANCOUVER, BC – December 2, 2022 – While typically a quiet month of market activity based on seasonal patterns, November home sale and listing totals lagged below the region’s long-term averages. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,614 in November 2022, a 52.9 per cent decrease from the 3,428 sales recorded in November 2021, and a 15.2 per cent decrease from the 1,903 homes sold in October 2022. Last month’s sales were 36.9 per…

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Canadian Economic Growth (Real GDP Q3’2022)

Canadian Monthly Economic Growth (Q3'2022) Canadian real GDP rose 0.1 per cent in September, up for the eighth consecutive month. Goods-producing sectors rose 0.3 per cent while services-producing industries were essentially flat. Canadian real GDP is now roughly 2.8 per cent above its pre-pandemic, February 2020 level. Preliminary estimates suggest that output in the Canadian economy was unchanged in October. Growth in the third quarter of 2022 registered 2.9 per cent at an annualized rate from the prior quarter, rising for the fifth consecutive quarter. Businesses continued to expand their inventories, while retail and wholesale trade sectors recorded higher stocks…

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October 2022 RBC Economics Monthly Housing Market Update

 Beginning of the end for Canada’s housing market downturn? Canada’s housing market may be entering the latter stages of its cyclical downturn. The pace of decline is now slowing—there was even a tiny monthly increase in home resales nationwide in October—marking a notable shift from the deep fall in activity that took place over the spring and summer. Property values are still clearly coming down at this stage but last month’s drop was the smallest since May. While we continue to think an inflection point is some ways off, it does suggest most of the price correction is likely…

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