For Buyers

Vancouver May Housing Market

May 2018 Real Estate Board of Greater Vancouver Statistics Package with Charts & Graphs

 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 decrease from the 4,364 sales recorded in May 2017, and a 9.8 per cent increase compared to April 2018 when 2,579 homes sold. Last month’s sales were 19.3 per cent below the 10-year May sales average. “With fewer homes selling today compared to recent years, the number of homes available for sale is rising,”… Find out more

601 Beach Tower

601 Beach Crescent by Pinnacle – Prices, Availability, Plans to Come

  At a Glance located at 601 Beach Crescent, Vancouver BC adjacent to the Granville Street Bridge 52-storey Tower approximately 300 market homes within the tower a total building height of 535 ft 152 non-market housing units a podium with an 18,000-square-foot retail space second-floor amenities for the affordable housing residents extensive amenities with a pool on the podium rooftop for the market unit residents The twisting lines in the proposed tower's cladding echo the twist of its neighbour Vancouver House. Images: JYOM Architecture/Pinnacle International The design for the podium at the bottom of the tower includes retail space on… Find out more

Linea By Rize, Availability, Plans, Prices

At A Glance: Linea by Rize at 13318 104 AVE, SURREY, BC Linea By Rize offers Forward-Looking Living in Surrey's City Centre.  A collection of 236 contemporary homes Number of Floors 28 1, 2, 3 bedroom homes and townhouses coming this summer. Sizes range from 474 to 1491 square feet 8'.8" Ceilings Oversized balconies create a sophisticated indoor-outdoor living In the heart of Surrey’s new downtown core. scheduled for completion in 2021 This is your home of the lifestyle you seek, today and tomorrow. A range of livable, family sized floorplans are available, ranging from 474 sf to 1,491 sf - perfect for any stage of… Find out more

April 2018 Real Estate Board of Greater Vancouver Statistics Package with Charts & Graphs

 Home sales down, listings up across Metro Vancouver 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 March 2018 when 2,517 homes sold. Last month’s sales were 22.5 per cent below the 10-year April sales average. “Market conditions are changing. Home sales declined in our region last month to a 17-year… Find out more

Presale condo assignments ARE NOT Shadow Flips and DO NOT push up real estate prices in Vancouver

Recent media articles on presale condo assignments of contract have been full of factual errors and have misrepresented presale assignments as shadow flips. Presale condo assignments ARE NOT Shadow flipping. Let's clarify. What is a Shadow Flip? A shadow flip is when an existing property primarily a single family house or single family house lot is purchased by a buyer under false pretenses. The contract that was used to purchase the property has a clause in it saying that the buyer can assign the contract without the permission of the seller. This practice victimized unsophisticated sellers of single-family houses in… Find out more

March 2018 REBGV Metro Vancouver Statistics Report with Charts & Graphs

  March 2018 Detached Properties March February Activity Snapshot 2018 2017 One-Year Change 2018 2017 One-Year Change Total Active Listings 5,346 4,854 + 10.1% 5,203 4,783 + 8.8% Sales 734 1,157 - 36.6% 626 746 - 16.1% Days on Market Average 40 39 + 2.6% 44 41 + 7.3% MLS® HPI Benchmark Price $1,608,500 $1,498,100 + 7.4% $1,602,000 $1,481,200 + 8.2% Condos March February Activity Snapshot 2018 2017 One-Year Change 2018 2017 One-Year Change Total Active Listings 2,224 2,566 - 13.3% 2,144 2,599 - 17.5% Sales 1,356 1,840 - 26.3% 1,185 1,277 - 7.2% Days on Market Average 18 22… Find out more