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Vancouver home sales fall to lowest yearly total in 18 years, detached home prices drop
Sales of the region's condos, townhouse, and detached homes were down more than 30 per cent in 2018.
Metro Vancouver home sales decline below historical averages in 2018
The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment properties reached 24,619 on the Multiple Listing Service® (MLS®) in 2018, a 31.6 per cent decrease from the 35,993 sales recorded in 2017, and a …
B.C.’s five most expensive neighbourhoods
A look at the most expensive homes in Vancouver neighbourhoods using the B.C. Assessment Authority's top 500 list
Some Metro homes see decline in assessed value
The slowdown in Metro Vancouver real estate sales took a strip out of detached-home values in the city of Vancouver — particularly at the highest end — while values in the city's suburbs and other parts of the province continued rising, according t…
British Columbia’s most expensive homes took a value hit in 2018
The BC Assessment numbers are out for 2019 and the most expensive Vancouver homes from a year ago have all lost assessed value.
Vancouver Home Prices Fall Most Since 2008, Extending Declines
After rebounding to a record in May, prices nationwide have dropped for six straight months, the Canadian Real Estate Association (CREA) reported Monday, and are hovering at levels little changed from mid-2017, when interest rates started to rise.…
Crash? Recovery? 4 Things That Will (And Won’t) Happen In Canada’s Housing Market In 2019
With house prices at astronomical levels in many cities, a growing number of Canada's would-be homebuyers are hoping for a market crash. In Vancouver, North America's least affordable housing market, a recent poll showed nearly two-thirds of residents, includi…
Real estate agent barred over sexual messages, offering tenants weed
A former real estate agent in Metro Vancouver has been barred from practice for sending unsolicited, inappropriate messages to a stranger, his neighbour and his boss — and after being accused of offering a bag of weed to renters last year.…
Demand surges for strata office space
Driven primarily by low downtown vacancies and, consequently, surging rents—and compounded by large companies like Amazon, Apple and Deloitte buying hundreds of thousands of square feet of office space—Vancouver has become inhospitable to smaller b…
Vancouver empty homes tax to help homeowners, renters
The City Council and Mayor have approved the proposed budget for 2019 which includes measures to tackle housing supply and affordability challenges in the city.
Commercial Real Estate: 20-per-cent drop in commercial property sales
The frenzy to invest in Lower Mainland commercial property appears to be over, according to recent numbers from the Real Estate Board of Greater Vancouver (REBGV).
Lower Mainland affordability map showing income needed to buy a home
Using August 2018 benchmark prices from the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board, and assuming a 20% down payment and heating costs of $100/month, Zoocasa calculated the minimum household income required to buy a detached …
Cedar Ridge 70 Seaview Drive Port Moody 28 three and four bedroom townhomes by Allaire Living and Headwater living
Finding a niche in today's highly competitive real estate market is no mean feat for today's smaller size developer. But it's a bonus when that developer finds that his housing product is fulfilling the needs of not one but two generations of homebuyers.…
Huawei executive arrest could impact Vancouver real estate prices: Barron's
Barron's explained to its readers that "Vancouver real estate prices have been buoyed by Chinese buyers for 20 years, as it became a favourite destination after Britain handed Hong Kong back to the People's Republic of China in 1997. Chinese buying surged, and…
Condominium market still 'a lot better' than normal in Vancouver suburbs
Street said he realized about six months ago that suburban developers needed to bring back promotions to entice buyers. But while amateur investors are sitting out, professional investors are jumping on board, he said.
No major residential price drops for Metro Vancouver and B.C. next year: forecasts
Any such average price drops are unlikely to make homes more affordable to most buyers, with interest rates rising and the stress test reducing purchasing power. "The drop in sales in key markets across British Columbia can be partially attributed to Canadians…
13 and 4: Real estate's unlucky numbers and what some cities are doing about it
A few years ago, city officials in Vancouver began seeing a rise in special applications by commercial and residential developers asking for permission to skip any floor that contained the number four, in addition to the 13th floor. As the city continued to bu…
Montreal to be the star market for 2019 says Royal LePage
The two hottest markets will see among the slowest appreciation in the coming year with Greater Vancouver prices rising just 0.6% and the Greater Toronto Area gaining 1.3%.
Lower Mainland commercial real estate sales moderated in Q3
"We're seeing less demand across our commercial market compared to recent years and supply is beginning to ramp up with a number of projects expected to complete in our region over the next year," said Phil Moore, REBGV president.
Commercial real estate sales decline and price activity varies across the Lower Mainland
Commercial real estate sales in the Lower Mainland declined in the third quarter (Q3) of 2018 compared to the elevated activity experienced in recent years. There were 565 commercial real estate sales in the Lower Mainland in Q3 2018, a 19.5 per cent decrease …
'Wait-and-see' approach pulling down Vancouver demand
In November, the market's sales volume fell 42.5% year-over-year, bringing it to a level 34.7% below the 10-year average, according to the latest numbers from the Real Estate Board of Greater Vancouver.
42.5% sales decline signals hard times ahead
The 1,608 home sales in Metro Vancouver are worrying, but there were earlier indications that the city's housing market was decelerating, says Adil Dinani, a sales representative with Royal LePage in Vancouver.
Modest growth for Vancouver’s CRE market
he British Columbia Real Estate Association's Commercial Leading Indicator (CLI) for the third quarter shows no significant change from the previous quarter and a 1.3% gain from Q3 2017.
Could this be the answer to Vancouver’s affordability crisis?
The professor's model calls for changing the basis for taxation of rental homes from their value to their potential rent. This is based on his calculation that Vancouver's property taxes should be four times higher than a typical Canadian city rather than lowe…
Vancouver's new home market to remain stable in 2019
New home prices won't collapse next year, nor will they begin surging again, predicts a market observer with about 30 years of experience in the industry.
Metrotown high-density development site sold for $43.27M
A high-density residential development site in the Metrotown has sold for $43.27 million, The Goodman Report of HQ Commercial reports. The 35,580-square-foot site includes two lots with a total development potential of up to 224,154 square feet. The two lots a…
1450 West Georgia 49-storey highrise proposed with 162 rental units and 187 condos by Wesgroup
Developer Wesgroup has revealed plans for a 49-storey tower at 1450 West Georgia Street in Vancouver's chi-chi Coal Harbour neighbourhood, according to a report by local urban design blog UrbanYVR. The proposed building is set to replace an aging rental buildi…
Vancouver sales, prices decelerating due to various pressures
Board president Phil Moore attributed this and the lower prices across all property types to a "wait-and-see approach" that a substantial proportion of would-be buyers and investors have adopted for most of 2018.
Vancouver sales slump continued in November
"Home buyers have been taking a wait-and-see approach for most of 2018. This has allowed the number of homes available for sale in the region to return to more typical historical levels," Phil Moore, REBGV president said. "This activity is helping home prices …
Canadian markets next year will look like…
The forecast for Vancouver, however, is not as auspicious as Canada's two largest cities. Vancouver has suffered gales of difficulty lately, beginning with the B-20 mortgage stress test that's similarly affecting Toronto. But with Vancouver, the NDP government…
Building List Count by City
- Abbotsford - 447
- Agassiz - 28
- Burnaby - 55
- Burnaby East - 78
- Burnaby North - 367
- Burnaby South - 346
- Campbell River - 1
- Chilliwack - 221
- Cloverdale - 194
- Comox Valley - 10
- Coquitlam - 566
- Delta - 10
- Duncan - 41
- Esquimalt - 59
- Gulf Islands - 6
- Harrison Hot Springs - 13
- Harrison Mills - 1
- Hope - 22
- Ladner - 110
- Langford - 156
- Langley - 541
- Maple Ridge - 312
- Mill Bay - 2
- Mission - 65
- New Westminster - 444
- North Delta - 28
- North Island - 2
- North Saanich - 8
- North Surrey - 411
- North Vancouver - 747
- Oak Bay - 44
- Osoyoos - 1
- Parksville / Qualicum - 7
- Penticton - 8
- Pitt Meadows - 75
- Port Alberni - 2
- Port Coquitlam - 268
- Port Moody - 268
- Richmond - 1162
- Saanich East - 232
- Saanich West - 92
- Sardis - 154
- Sidney - 152
- Sooke - 39
- South Surrey White Rock - 716
- Surrey - 668
- Tsawwassen - 98
- Vancouver East - 1001
- Vancouver West - 2488
- Victoria - 665
- View Royal - 46
- West Vancouver - 231
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The listing data is deemed reliable but is not guaranteed accurate by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board, Real Estate Board of Greater Vancouver, nor BCCondos.