Home listings continue to rise in the Greater Vancouver housing market Consistent increases in property listings and fewer home sales over the summer months has helped move the Greater Vancouver housing market into the upper end of a buyers’ market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,246 in September, a 1.2 per cent increas ... Full Article...

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Greater Vancouver housing market sees typical spring activity in April Greater Vancouver saw a typical, solid month of residential home sales on the Multiple Listing Service® (MLS®) in April, in contrast to the near record pace witnessed in the two preceding months. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties in Greater Vancouver reached 3,225 in April 2011, an 8.2 per cent decrease compared to the 3,5 ... Full Article...

Take a look at this videocast update about the Vancouver market "Hot Spots." http://www.youtube.com/watch?v=gebXP2R7WUU

Changes to the Rules for Government Insured Mortgages Since October 2009, the Government of Canada has been systematically tightening mortgage financing regulations for all federally regulated lenders. The changes have been made in order to ensure that Canadians are prepared for higher interest rates in the future by not taking on too much debt, which will improve the stability of Canada's housing market. On January 17, 2011, Federal Finance Minister Jim Flaherty announced additional changes to ... Full Article...

New buyers are admirably wise, survey suggests Many first-time home buyers understand the power of the big down payment By Peter Simpson, Vancouver Sun November 20, 2010 Although Generations X and Y are vastly different (I have daughters from both demographic cohorts so, believe me, I know all too well), when it comes to listing the impediments preventing them from buying their first homes, the members of these two generations are as similar as the Sedin twins. A survey conducted at the 1 ... Full Article...

Market Conditions Beginning to Improve Vancouver, BC – The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province declined 36 per cent to 5,511 units in September compared to the same month last year. On a seasonally adjusted basis, MLS® residential unit sales in the province increased 2 per cent in September from August 2010. The average MLS® residential price climbed 4 per cent to $493,846 in September compared to ... Full Article...

Activity steady to start the summer season.   The Greater Vancouver housing market experienced steady activity to begin the summer season.  If you are a buyer, this is an excelent time to make a decision on a home purchase.  Call or write me, and I will be happy to discuss the many options available with you. Activity in June marked a healthy balance between the near record setting pace of June 2009 and the considerably slower activity witnessed in June 2008, a period of recession as we all kno ... Full Article...

May market offers buyers greater selection. Successful sellers price their properties sharply. The number of properties listed for sale in Greater Vancouver continued to rise in May, while the number of sales showed a year-over-year decrease. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 3,156 in May 2010, a decline of 10.4 per cent compared to the 3,524 sales in May 2009; 5.1 per cent more than the 3,002 sales in May ... Full Article...

The condominium re-sale market is changing. Is it now a seller's or buyer's market? I expect to have statistics on that subject very soon. In the meantime, please feel free to call me if you would like to discuss your buying or selling options.

  I like to provide the following report as it becomes available each month.  My clients,  friends and neighbours tell me they welcome the news, and find the information valuable.  After all, knowledge IS power.... isn't it? That makes me happy!!! REBGV Stats The Greater Vancouver housing market experienced increased activity in April thanks to a steady balance of home buyers and sellers entering the marketplace. The Real Estate Board of Greater Vancouver (REBGV) reports that residential prope ... Full Article...