Be in the know in 2019!  Downtown condo & real estate blog

Downtown condo market "balanced" in March  

Posted on Apr 08, 2019

Vancouver’s downtown condo and townhouse real estate market saw a 30% increase in condo sales, an inventory increase of 10%, and a decrease in sale prices of 9% in March compared to February. 

Current trends put the downtown, Yaletown, and Westend markets in “Balanced” market conditions. Coal Harbour remains in “Buyer’s” market conditions. 

How do we...

Read More

March real estate sales slump as tax's continue to impact market 

Posted on Apr 08, 2019

Metro Vancouver home sales dipped to the lowest levels seen in March in more than three decades.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,727 in March 2019, a 31.4 per cent decrease from the 2,517 sales recorded in March 2018, and a 16.4 per cent increase from the 1,484 homes sol...

Read More

The 2019 Federal Budget & Housing. Good? Bad? An industry perspective

Posted on Mar 21, 2019

Improving Affordability Today: Support for First-Time Home Buyers

To help make homeownership more affordable for first-time home buyers, Budget 2019 introduces the First-Time Home Buyer Incentive.

  • The Incentive would allow eligible first-time home buyers who have the minimum down payment for an insured mortgage to apply to finance a portion of their...

Read More

More activity in February open houses but buyers continue "wait & see" approach

Posted on Mar 08, 2019

The Metro Vancouver housing market saw increased supply from home sellers and below average demand from home buyers in February.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,484 in February 2019, a 32.8 per cent decrease from the 2,207 sales recorded in February 2018, and a 34.5 per...

Read More

Downtown Condo 5 Year Trend - Yaletown leads with 72% growth

Posted on Feb 24, 2019

Vancouver downtown condo prices saw exceptional price gains since 2014 despite the slow down of the last 12 months. 
Coal Harbour and Downtown were tied for 3rd and 4th place with 68% appreciation in median prices over the last 5 years. The Westend was marginally better with 69%, and then Yaletown ranked 1st with 72% growth.

Thinking of buying or sell...

Read More

Downtown Three Bedroom Condo Update - 90 Day Trends

Posted on Feb 21, 2019

The Vancouver downtown three bedroom condo market remains in a strong buyers market in February.  

Three bedroom condos are selling on average: selling at 6% below asking price, 97 days on market, at an average asking price of $3.67M.  Inventory has decreased by 10% over the last 90 days.

Here are the latest statistics:

Thinking of buying or selling a do...

Read More

View Older Posts