Blog by Major S. Olak

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Home sales move off of record-breaking pace in July

August 8th, 2016
VANCOUVER, BC – August 3, 2016 – Metro Vancouver* homes sales resembled more typical levels in July.The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,226 in July 2016, a decrease of 18.9 percent from the 3,978 sales recorded in July 2015 and a decrease of 26.7 percent compared to June 2016 when 4,400 homes sold.This is the firs ...
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Posted in Market Report

Demand remains elevated across the Metro Vancouver housing market

June 6th, 2016
VANCOUVER, BC – June 2, 2016 – Metro Vancouver* homes continue to sell at an unprecedented rate in communities across the region.Residential property sales on the region's Multiple Listing Service® (MLS®) totalled 4,769 in May 2016, an increase of 17.6 percent from the 4,056 sales recorded in May 2015 and a decrease of 0.3 percent compared to April 2016 when 4,781 homes sold.Last month’s sale ...
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Posted in Market Report

Home sales remain at record levels across Metro Vancouver

May 6th, 2016
VANCOUVER, BC – May 3, 2016 –Last month was the highest selling April on record for Metro Vancouver.*Residential property sales in the region totalled 4,781 in April 2016, an increase of 14.4 percent from the 4,179 sales recorded in April 2015 and a decrease of 7.6 percent compared to March 2016 when 5,173 homes sold.April sales were 41.7 percent above the 10-year sales average for the month. ...
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Posted in Market Report

March sales set an all-time record

April 5th, 2016
VANCOUVER, B.C. – April 4, 2016 –Metro Vancouver* home sales eclipsed 5,000 in March for the first time on record.Residential property sales in the region totalled 5,173 in March 2016, an increase of 27.4 percent from the 4,060 sales recorded in March 2015 and an increase of 24 per cent compared to February 2016 when 4,172 homes sold.Last month’s sales were 56 percent above the 10-year sales ...
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Posted in Market Report

Home buyer competition keeps home sellers in the driver’s seat

February 5th, 2016
VANCOUVER, B.C. – February 2, 2016 – Home buyer activity remains at near record levels across the Metro Vancouver housing market.Residential property sales in Greater Vancouver totalled 2,519 in January 2016, an increase of 31.7 percent from the 1,913 sales recorded in January 2015 and a 10.9 percent decline compared to December 2015 when 2,827 home sales occurred.Last month’s sales were 46 p ...
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Posted in Market Report

Metro Vancouver home buyers compete for fewer home listings

October 8th, 2015
VANCOUVER, B.C. – October 2, 2015 – Conditions continue to favour home sellers across *Metro Vancouver’s housing market.The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver reached 3,345 on the Multiple Listing Service® (MLS®) in September 2015. This represents a 14.5 percent increase compared to the 2,922 sales recorded in September 20 ...
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Posted in Market Report

Competition continues to drive Metro Vancouver’s housing market

September 9th, 2015
VANCOUVER, B.C. – September 2, 2015 – Metro Vancouver* home buyers spent the summer months searching for their next home. Between June and August, home sales were between 25 and 30 percent above the ten-year sales average.The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver reached 3,362 on the Multiple Listing Service® (MLS®) in August ...
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Posted in Market Report

Summer heat doesn’t slow home buyer activity

August 6th, 2015
VANCOUVER, B.C. – August 5, 2015 – Metro Vancouver home sales were more than a third above the 10-year average in July, while the number of homes listed for sale continues to trend below recent years.The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver* reached 3,978 on the Multiple Listing Service® (MLS®) in July 2015. This represents ...
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Posted in Market Report

Metro Vancouver home sales set record pace in June

July 3rd, 2015
VANCOUVER, B.C. – July 3, 2015 – Last month was the highest selling June, and the second highest overall monthly total, on record for the Real Estate Board of Greater Vancouver (REBGV).The REBGV reports that residential property sales in Metro Vancouver* reached 4,375 on the Multiple Listing Service® (MLS®) in June 2015. This represents a 28.4 percent increase compared to the 3,406 sales reco ...
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Posted in Market Report

Metro Vancouver home sales surpass 4,000 for third consecutive month

June 3rd, 2015
It continues to be a competitive spring market for Metro Vancouver home buyers. This competition continues to put upward pressure on home prices, particularly in the detached home market.The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver reached 4,056 on the Multiple Listing Service® (MLS®) in May 2015. This represents a 23.4 percent ...
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Posted in Market Report

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