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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.      …

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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.  …

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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. …

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Enclosed is an up-date video from the Real estate Board of Greater Vancouver for the month of May. Although Covid continues to impact sales, prices are remaining stable. Definitely many Buyers still out looking for homes. We are currently experiencing a balanced market in the lower mainland.  …

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We are all adapting to the new normal in The Vancouver real estate market in May. Prices are remaining steady and there are many Buyers out in the marketplace looking for homes. The current interest rates are a draw along with homes remaining on the market a little longer due to Covid protocols. Many agents now have virtual tours attached to their listings along with many more photos and neighbourhood info.      …

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There were 21 sales of single family homes in Burnaby in May. The most affordable sold for just over 1 million in Central Burnaby and the other end of the spectrum the highest price house sold for just under 2.3 million in the Burnaby Lake Area. There are almost 60% less detached home listings on the market than 1 year ago but prices have risen almost 5% in that time. Condos have increased in price by almost 2% in 1 year. Townhomes are down in price by almost 2%. There were 3 sales and 11 active listings in Vancouver Heights last month, 4 sales and 24 active listings in Capitol Hill and 0 sales and 10 active listings in Willingdon Heights.  …

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