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‘Hot Areas to Invest in Vancouver’ September Webinar

 Hot Areas to Invest in Vancouver September 10, 2020 Christian Dy, Latitude West Financial Mike Stewart, Oakwyn Realty Downtown Top producing realtor since 2005 vancouvernewcondos.com or mikestewart.ca We’ve seen a dramatic increase in prices from this time last year. Email Mike to get the full report.  It shows the median detached house price in Burnaby a year ago was $1.457 million, and today it’s $1.56 million. Condos have also gone up. North Vancouver has similar numbers. A couple of numbers are flat but median detached houses have gone up. West and East Vancouver are the same. Last month sales…

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Increasing Your Return On Investment

What is the best way to increase home value? For condos, the first and most basic thing you can do to increase home value and sell your place is, at the very least, have the property in its original operating condition when it was new. The walls should be free of nicks, clean, and freshly painted. Beyond this, you want a look that avoids appealing to just a small niche. Here are some things that can be done to appeal to a broad audience and increase your property’s value: New appliances. If you have an older unit, installing new appliances…

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REBGV Stats Graph Aug 2020

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

 Home sale and listing activity continues to increase in August VANCOUVER, BC – September 2, 2020 – 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, a 36.6 per cent increase from the 2,231 sales recorded in August 2019, and a 2.6 per cent decrease from the 3,128 homes sold in July 2020. Last month’s sales were 19.9 per cent above the 10-year August…

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REBGV Stats Graph July 2020

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

  Metro Vancouver housing market sees steady summer activity VANCOUVER, BC – August 5, 2020 – 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 28 per cent increase from the 2,443 homes sold in June 2020. Last month’s sales were 9.4 per cent above the 10-year July sales average. “We're seeing the results today of pent up activity,…

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‘Hot Areas to Invest in Vancouver’ July Webinar

Hot Areas to Invest in Vancouver July 10, 2020 Christian Dy, Latitude West Financial Mike Stewart, Oakwyn Realty Downtown Top producing realtor since 2005 vancouvernewcondos.com or mikestewart.ca What is happening now with real estate in the Vancouver area? The elephant in the room right now is the COVID-19 situation. In the past couple of months, we saw sales volumes fall about 45% (this refers to the amount of properties that sell or change hands). But this has passed us and numbers are up dramatically. Interestingly, the sales volumes in June 2019 were lower than they are now! As of June…

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‘Hot Areas to Invest in Vancouver’ June Webinar

Hot Areas to Invest in Vancouver June 10, 2020  Christian Dy, Latitude West Financial Mike Stewart, Oakwyn Realty Downtown Top producing realtor since 2005 vancouvernewcondos.com or mikestewart.ca   What is happening now with buyers and sellers in real estate? We are at the front lines right now - I work with 10 realtors across the Greater Vancouver area, the Fraser Valley, and Southern Vancouver Island. We do a lot of presale, pre-construction and new construction and resale properties. This includes single-family homes and condos - the whole range of property types. We’ve seen a big drop-off in volumes but without…

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June 2020 REBGV Stats Graph

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

 Steady increases in home sale and listing activity continue in June VANCOUVER, BC – July 3, 2020 – Home buyers and sellers have gradually become more active in each month of the COVID-19 pandemic. In June, home sale and listing activity in Metro Vancouver* returned to more historically typical levels. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,443 in June 2020, a 17.6 per cent increase from the 2,077 sales recorded in June 2019, and a 64.5 per cent increase from the 1,485 homes sold in May 2020. Last…

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REBGV Stats Graph May 2020

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

 Home prices remain steady, buyers and sellers become more comfortable operating in today’s market VANCOUVER, BC – June 2, 2020 – Metro Vancouver* home prices have remained steady since provincial health officials implemented physical distancing requirements in March. The Real Estate Board of Greater Vancouver (REBGV) reports that the MLS® Home Price Index1 composite benchmark price for all residential properties in Metro Vancouver today is $1,028,400. This is virtually unchanged from April 2020, a 1.4 per cent increase over the last three months, and a 2.9 per cent increase compared to May 2019. "Home prices have been stable during…

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April 2020 REBGV Stats Graph

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

  Home sales and listings down amid COVID-19, new tools and practices emerge to help buyers and sellers adapt VANCOUVER, BC – May 4, 2020 – While Metro Vancouver* home sale and listing activity remains limited by the COVID-19 situation, REALTORS® across the region are fast adopting new tools and practices to help advise and serve their clients in a responsible way. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,109 in April 2020, a 39.4 per cent decrease from the 1,829 sales recorded in April 2019, and a 56.1…

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February 2020 Vancouver Real Estate Stats

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

  Steady demand and low supply benefits home sellers VANCOUVER, BC – March 3, 2020 – February saw steady home buyer demand and reduced home seller supply across Metro Vancouver*. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,150 in February 2020, a 44.9 per cent increase from the 1,484 sales recorded in February 2019, and a 36.9 per cent increase from the 1,571 homes sold in January 2020. Last month’s sales were 15.6 per cent below the 10-year February sales average. “Home buyer demand again saw strong year-over-year increases…

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January 2020 Real Estate Market Stats Graph

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

  Home sale activity up, supply down to start 2020 VANCOUVER, BC – February 4, 2020 – Home sale and price activity remained steady in Metro Vancouver* to start 2020 while home listing activity declined in January. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,571 in January 2020, a 42.4 per cent increase from the 1,103 sales recorded in January 2019, and a 22.1 per cent decrease from the 2,016 homes sold in December 2019. Last month’s sales were 7.3 per cent below the 10-year January sales average. “We've…

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