Blog by Major S. Olak

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Prices hold firm as home buyers and sellers conclude 2012 from the sidelines

January 4th, 2013
VANCOUVER, B.C. – January 3, 2013 – The Greater Vancouver housing market experienced below average  home sale totals, typical home listing activity and modest declines in home prices in 2012.The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached  and apartment properties in 2012 reached 25,032, a 22.7 percent decline from the 32,387 sales recorded in ...
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Posted in Market Report

Greater Vancouver residential property sale and listing activity below 10-year averages in November

December 4th, 2012
Vancouver, B.C. – December 4, 2012 – Over the past six months, the Greater Vancouver housing market has seen a reduction in the number of homes listed for sale, a gradual moderation in home prices and a decrease in property sales compared to historical averages.The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment proper ...
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Posted in Market Report

Housing market sees slight changes in October

November 2nd, 2012
Vancouver, B.C. – November 2, 2012 – The Greater Vancouver housing market saw a slight increase in the number of home sales, a slight reduction in the number of listings, and a slight decrease in home prices in October compared to the summer months. With those changes, the sales-to-active-listings ratio increased to 11 percent in October from 8 percent in September.The Real Estate Board of Gr ...
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Posted in Market Report

Conditions continue to favour buyers in the Greater Vancouver housing market

October 2nd, 2012
VANCOUVER, B.C. – October 2, 2012 – The summer of 2012 drew to a close in September with home sale activity well below historical averages in the Greater Vancouver housing market.The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 1,516 in September, a 32.5 percent decline compared to the 2,246 sales ...
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Posted in Market Report

Spring activity remains balanced in the Greater Vancouver housing market

June 4th, 2012
VANCOUVER, B.C. – June 4, 2012 – The number of properties listed for sale continued to increase in the Greater Vancouver housing market in May. The number of sales decreased year over year, but remained relatively constant compared to recent months.The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,853 on the Multiple List ...
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Greater Vancouver housing market maintains a steady spring pace

May 2nd, 2012
VANCOUVER, B.C. – May 2, 2012 – Home sale and listing activity has maintained a consistent pace on the Multiple Listing Service® (MLS®) in Greater Vancouver in recent months, which has helped create balanced conditions for the region’s housing market.The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,799 on the Multiple Li ...
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Posted in Market Report

Increased selection helps maintain balance in Greater Vancouver housing market

April 3rd, 2012
VANCOUVER, B.C. – April 3, 2012 – Home sales in March trended below the 10-year average in Greater Vancouver while home listing activity outpaced what’s typical for the month.The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,874 on the Multiple Listing Service® (MLS®) in March 2012. This represents a 12.9 percent increase ...
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Posted in Market Report

Greater Vancouver housing market trends near long-term averages as spring market approaches

March 5th, 2012
VANCOUVER, B.C. – March 2, 2012 – Closer alignment between home buyer and seller activity helped bring greater balance to the Greater Vancouver housing market in February.The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,545 on the MLS® system in February 2012. This represents a 61.4 percent increase compared to the 1,577 ...
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Posted in Market Report

Selection broadens and demand eases to kick off 2012 in the Greater Vancouver housing market

February 9th, 2012
VANCOUVER, B.C. – February 6, 2012 – Greater Vancouver home sellers were more active than buyers in January and overall home prices, according to the new MLS® Home Price Index (MLS® HPI), continued to experience more stability and less fluctuation compared to the beginning of 2011.The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver r ...
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Posted in Market Report

Balanced real estate market prevailed through much of 2011

January 4th, 2012
VANCOUVER, B.C. – January 4, 2012 – The 2011 Greater Vancouver housing market began with heightened demand in regional hot spots and concluded with greater balance between seller supply and buyer demand.The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment properties in 2011 reached 32,390, a 5.9 percent increase from the 30,595 sales ...
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Posted in Market Report

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