Blog by Major S. Olak

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Steady sales and diminished listings characterize 2017 for the Metro Vancouver housing market

January 5th, 2018
VANCOUVER, BC – January 3, 2018 – After reaching record levels in 2015 and 2016, Metro Vancouver* home sales returned to more historically normal levels in 2017. Home listings, on the other hand, came in several thousand units below typical activity.

The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment properties reached 35,993 on the Multip ...

Metro Vancouver continues to experience above-average demand and below-average supply

December 5th, 2017
VANCOUVER, BC – December 4, 2017 – Metro Vancouver* saw modest home listing changes and steady demand in November.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,795 in November 2017, a 26.2 percent increase from the 2,214 sales recorded in November 2016, and a 7.5 percent decrease compared to October 2017 when 3,022 homes sold.

L ...

5498 BRUCE STREET, Vancouver East, BC

December 2nd, 2017

I just finished uploading this House for sale, 5498 BRUCE STREET, Vancouver East, BC

Excellent potential to restore this solid 1929 home still has its Heritage future. Two good sized bdrms above the main, one bdrm on the main floor and 2 bdrm basement. Strong corner building lot with good laneway home potential. Walking distance to transit, shopping and schools. Also for build to suit option 3 ...

411 E 55TH AVENUE, Vancouver East, BC

December 2nd, 2017

I just finished uploading this House for sale, 411 E 55TH AVENUE, Vancouver East, BC

OPEN HOUSES CANCELLED!!

October sales exceed historical average

November 3rd, 2017
VANCOUVER, BC – November 2, 2017 – Metro Vancouver* home sales exceeded typical historical levels in October with the majority concentrated in the townhouse and apartment markets.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,022 in October 2017, a 35.3 percent increase from the 2,233 sales recorded in October 2016, and an i ...

Home buyer demand continues to differ based on housing type

October 3rd, 2017
VANCOUVER, BC – October 3, 2017 – Apartment and townhome activity is outpacing the detached home market across Metro Vancouver*. This activity helped push total residential sales above the historical average in September.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,821 in September 2017, a 25.2 percent increase from the 2, ...

Condominium sales drive August activity

September 5th, 2017
VANCOUVER, BC – September 5, 2017 – Competition for condominiums and townhomes pushed Metro Vancouver* home sales above typical levels in August.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,043 in August 2017, a 22.3 percent increase from the 2,489 sales recorded in August 2016, and a 2.8 percent increase compared to July ...

Metro Vancouver sees fewer home sales and more listings in July

August 10th, 2017
VANCOUVER, BC – August 2, 2017 – Home buyer activity returned to more typical summer levels in Metro Vancouver* last month.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,960 in July 2017, an 8.2 percent decrease from the 3,226 sales recorded in July 2016, and a decrease of 24 percent compared to June 2017 when 3,893 homes so ...

Demand for condominiums continues to outstrip supply

July 5th, 2017
VANCOUVER, BC – July 5, 2017 – The imbalance between supply and demand in the condominium market is creating home buyer competition across Metro Vancouver*.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,893 in June 2017, an 11.5 percent decrease from the 4,400 sales recorded in June 2016, an all-time record, and a decrease o ...

Market activity picks up in May

June 6th, 2017
VANCOUVER, BC – June 2, 2017 – Home buyer activity returned to near record levels across the Metro Vancouver* housing market in May.

Residential property sales in the region totalled 4,364 in May 2017, a decrease of 8.5 percent from the 4,769 sales in May 2016, an all-time record, and an increase of 22.8 percent compared to April 2017 when 3,553 homes sold.

Last month’s sales were 23.7 percent ...
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