Latest Blog Posts - Mike Stewart

March 2021 Real Estate Board Of Greater Vancouver Statistics Package With Charts & Graphs

March home sales and new listings set records in Metro Vancouver VANCOUVER, BC – April 2, 2021 – Home buyer and seller activity reached unprecedented levels across Metro Vancouver* in March. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 5,708 in March 2021, a 126.1 per cent increase from the 2,524 sales recorded in March 2020, and a 53.2 per cent increase from the 3,727 homes sold in February 2021. Last month’s sales were 72.2 per cent above the 10-year March sales average and is the highest monthly sales total…

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February 2021 Real Estate Board Of Greater Vancouver Statistics Package With Charts & Graphs

Home buyer competition intensifies across Metro Vancouver’s housing market VANCOUVER, BC – March 2, 2021 – Competition amongst home buyers is putting upward pressure on home prices across Metro Vancouver’s* housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,727 in February 2021, a 73.3 per cent increase from the 2,150 sales recorded in February 2020, and a 56 per cent increase from the 2,389 homes sold in January 2021. Last month’s sales were 42.8 per cent above the 10-year February sales average. “Metro Vancouver’s housing market is…

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‘Hot Areas to Invest in Vancouver’ February Webinar

https://youtu.be/76HhB0zTv70 Hot Areas to Invest in Vancouver February 11, 2021 Christian Dy, Latitude West Financial Mike Stewart, Oakwyn Realty Downtown Top producing realtor since 2005 vancouvernewcondos.com or mikestewart.ca Market update January 2021 listings were up 86% from December, one month prior. This is 15.7% higher than in January 2020, so the year will be busy and we’re already off and running strongly. Analysts predict sales prices trend downwards when the Sales to Listings ratio is below 12%. When this ratio is above 20%, sales prices will likely trend upward. November 2020: we had detached homes at 27.9%, townhomes at…

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January 2021 Real Estate Board of Greater Vancouver Statistics Package with Charts & Graphs

Home buyer demand remains elevated across Metro Vancouver VANCOUVER, BC – February 2, 2021 – In the first month of 2021, Metro Vancouver’s* housing market continued the pattern set at the end of last year with home sale activity outpacing the supply of homes listed for sale. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,389 in January 2021, a 52.1 per cent increase from the 1,571 sales recorded in January 2020, and a 22.8 per cent decrease from the 3,093 homes sold in December 2020. Last month’s sales…

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December 2020 Real Estate Board of Greater Vancouver Statistics Package with Charts & Graphs

Metro Vancouver housing market shows resilience in 2020 VANCOUVER, BC – January 5, 2021 – Strong December activity brought Metro Vancouver’s* 2020 home sales total in line with the region’s long-term annual average. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 30,944 in 2020, a 22.1 per cent increase from the 25,351 sales recorded in 2019, and a 25.7 per cent increase from the 24,619 homes sold in 2018. Last year’s sales total was 2.8 per cent below the 10-year sales average. “When the pandemic began in March, the…

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‘Hot Areas to Invest in Vancouver’ December Webinar

Hot Areas to Invest in Vancouver December 17, 2020 Christian Dy, Latitude West Financial Mike Stewart, Oakwyn Realty Downtown Top producing realtor since 2005 vancouvernewcondos.com or mikestewart.ca Market update Real estate in Vancouver is doing very well. November sales are up 24.6% above the 10-year average. Only twice in the past 10 years has this actually happened. Analysts are predicting sales prices will go down when the sales-to-listing ratio (sales divided by listings) is below 12. The higher the number, the greater the upward pressure on prices. Right now in Vancouver, we’re at 27.9% for detached homes, 40% for…

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November 2020 Real Estate Board of Greater Vancouver Statistics Package with Charts & Graphs

November home sales outpace seasonal norms and long-term averages Vancouver, B.C. – December 2, 2020 – Housing demand in Metro Vancouver* continues to outpace historical averages with November sales eclipsing 3,000 for the first time since 2015. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,064 in November 2020, a 22.7 per cent increase from the 2,498 sales recorded in November 2019, and a 16.9 per cent decrease from the 3,687 homes sold in October 2020. Last month’s sales were 24.6 per cent above the 10-year November sales average…

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Stocks vs. Real Estate in Vancouver – November Webinar

Stocks vs. Real Estate What are the pros and cons of stocks vs. real estate? Which is the better investment, and where should our money be? It really depends on your time frame, initial capital (you need significantly more money to invest in real estate), and knowledge base (are you good at researching stocks or do you pass things over to an advisor? Do you come from a background of managing or researching good quality real estate?) REAL ESTATE STOCKS PROS Real estate has long term stability, can be leveraged (especially if you don’t have, say, $500,000…

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‘Hot Areas To Invest In Vancouver’ October Webinar

Hot Areas to Invest in Vancouver October 15, 2020 Christian Dy, Latitude West Financial Mike Stewart, Oakwyn Realty Downtown Top producing realtor since 2005 vancouvernewcondos.com or mikestewart.ca This Vancouver real estate stats report from Mike and his team shows a dramatic increase in average price in September 2019 compared to September 2020 at 13.9%. This is an average across different pieces of real estate but active sales listings’ average has declined. What is your opinion on these statistics? It’s been interesting. If you’ve been listening to our previous episodes, you’ll know that the Bank of Canada and Federal Government…

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October 2020 REBGV Statistics Package

Home sale and listing resurgence extends into the fall Home sale and new listing activity remained at near record levels across Metro Vancouver* in October. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,687 in October 2020, a 29 per cent increase from the 2,858 sales recorded in October 2019, and a 1.2 per cent increase from the 3,643 homes sold in September 2020. Last month’s sales were 34.7 per cent above the 10-year October sales average and stands as the second-highest total on record for the month. “Home…

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Non-Resident Canadian Citizens Buying and Owning Residential Property in Vancouver and British Columbia – End Users & Investors

Sign up to hear about BC property opportunities What we are going to discuss We are going to discuss the process of buying and owning residential properties in Vancouver and British Columbia, for Canadian citizens who are end users and for investors who are non-residents of Canada. We’ll also talk about the process to rent out properties before moving in or to keep them as investments, along with taxation. What we are not going to discuss: We are not going into minute detail on tax, renting, and purchasing as we’re talking about an entire province with a lot of…

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September 2020 Real Estate Board of Greater Vancouver Statistics Package with Charts & Graphs

Metro Vancouver home sales and listings surge in September VANCOUVER, BC – October 2, 2020 – Home sale and new listing activity reached record levels in Metro Vancouver* in September. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,643 in September 2020, a 56.2 per cent increase from the 2,333 sales recorded in September 2019, and a 19.6 per cent increase from the 3,047 homes sold in August 2020. Last month’s sales were 44.8 per cent above the 10-year September sales average and is the highest total on record…

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