News

The Real estate Board of Greater Vancouver has had one of it's strongest month's of all time. Due to lack of supply, high demand and low interest rates the market is on fire. More importantly it is mostly local Buyers getting into the market in record numbers. Last month’s sales were 72.2 per cent above the 10-year March sales average and the highest monthly sales total ever recorded in the region.

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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 Real Estate market in Greater Vancouver is booming despite the global pandemic. Home is a focus for many wanting to get into the market with historically low interest rates. Sales in October were almost 35% higher than the 10 years sales average for October and the second highest ever. Multiple offers are once again common and interest in single family homes has undergone a resurgence. The benchmark price for a detached home is now $1,523,000 an 8.5% increase over October 2019. The benchmark price for a condo is now $683,500 up 4.4% from October 2019. Finally the benchmark price for a townhome is $813,000 up 5.4% from October 2019. It's a great time to buy! …

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.      …