The real estate market is currently experiencing a shortage of available inventory, which is causing a decline in seller interest in listing their properties. This is primarily due to the increase in borrowing costs, which has made it difficult…
The Vancouver real estate market is experiencing a surge in multiple offer situations due to a low inventory of available properties. This trend is especially clear in a condo and the townhouse markets in Greater Vancouver. However, the current trend…
Over the past year, interest rates have surged significantly, and the average 5-year variable rate is now around 6.45%. In comparison, just a year ago, the rate was at 1.6%. The increase in interest rates has led to a…
Let’s talk about the new September market statistics and what we can learn from them. The market is much slower than usual at the moment. There are fewer sales across the board. About a 35% drop in over all transactions…
MLS Home Price Index MLS Home Price Index for the detached houses in Burnaby in August 2018 (see graph below) Burnaby East: $1,269,200 | -3.9% (change since August 2017) Burnaby North: $1,501,200 | -5.8% (change since August 2017) Burnaby South: $1,621,000 | -5.6% (change since August 2017) Average…
Home Price Index Home Price Index for condo units in Burnaby in August 2018 (see graph below) Burnaby East: $782,800 | +6.8% (change since August 2017) Burnaby North: $650,900 | +15.0% (change since August 2017) Burnaby South: $717,800 | +10.9% (change since August 2017) Average Sales Price Average…
MLS Home Price Index MLS Home Price Index of detached houses in Vancouver BC in August 2018 (see graph below) Vancouver East: $1,529,200 | -2.3% (change since August 2017) Vancouver West: $3,278,500 | -10.3% (change since August 2017) Average Sales Price Average Sales Price of detached houses…
Home Price Index Home Price Index for condo units in downtown Vancouver in August 2018 (see graph below) Coal Harbour: $1,186,300 | +17.4% (change since August 2017) Downtown VW: $700,100 | +0.6% (change since August 2017) West End: $667,100 | +2.5% (change since August 2017)…
Average Sales Price Average Sales Price for one bedroom and studio condo units in Burnaby in April 2018 (see graph below) Burnaby East: $477,972 | +11.3% (change since April 2017) Burnaby North: $515,380 | +22.4% (change since April 2017) Burnaby South: $506,238 | +16.4% (change since April 2017)…
MLS Home Price Index MLS Home Price Index for the detached houses in Burnaby in April 2018 (see graph below) Burnaby East: $1,331,300 | +11.0% (change since April 2017) Burnaby North: $1,595,800 | +4.5% (change since April 2017) Burnaby South: $1,675,800 | +2.7% (change since April 2017) Average…