News

Once again the real estate market in Vancouver is doing incredibly well! Home sales eclipsed 3000 in November for the first time since 2015. Sales were 24.6% higher than the 10 year November sales average and the second highest total in this period.  Benchmark price for homes throughout Metro Vancouver is $1,044,000 and 5.8% increase over November of 2019.  …

The benchmark price for North Burnaby homes has increased a whopping 10% over this last year from $1,328,000. to $1,523,000. Homes in Vancouver Heights have increased by 9%.  The benchmark price for condos has increased 2.6% from  $595,000 to $611,000. The benchmark price for townhomes has also increased by 2% from $728,500 to $742,900.…

East Vancouver housing prices have increased a whopping 10.4% in 1 year from a benchmark price of $1388,700 to $1,533.600. Condos have increased 3.2% from $566,700 to $585,900. Townhouse prices have increased 3.7 % from $869,100 to $901,200. Homes in the Hastings Sunrise area have increased by 6.8% and stand at a benchmark price of $1,439,600.…

The news of the month is an increase in the benchmark price from 2019 of 10%. There are 22.9% fewer detached listings in August 2020 as compared to August 2019 and this along with low interest rates has pushed sales up. Condo prices are up 6% over last year and townhomes are up 6.6% over last year. Hastings Sunrise has seen a 7.7% price change over the last year. It remains in high demand.      …

Benchmark price in North Burnaby has increased by 7.4% over the past year. There are 37% fewer listings this year than last year. Higher demand and low supply has pushed prices up and has moved the market forward.  Prices in Vancouver Heights have increased by 6.5% over the past year.  …

The market is hot! Despite Covid 19 there has been a 6.6% increase in detached home prices for 2020. Apartment prices are up 4.5% and attached homes are up 4.5%. Burnaby North prices of detached homes are up 7.4% over last year. East Vancouver prices are up 10.1% over last year. …