Blog by Major S. Olak

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Historically normal activity keeps the Greater Vancouver housing market in a balanced state

December 2nd, 2011
VANCOUVER, B.C. – December 2, 2011 – The Greater Vancouver housing market saw relatively typical home sale and listing activity in November.The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) reached 2,360 in November. This represents a 5.9 percent decline com ...
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Posted in Market Report

Greater Vancouver at lower end of balanced housing market

November 3rd, 2011
VANCOUVER, B.C. – November 2, 2011 – With a sales-to-active property listings ratio of 15 percent, the Greater Vancouver housing market continues to hover at the lower end of a balanced market and has been trending in that direction over the past five months. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment propert ...
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Posted in Market Report

Home listings continue to rise in the Greater Vancouver housing market

October 5th, 2011
VANCOUVER, B.C. – October 4, 2011 – Consistent increases in property listings and fewer home sales over the summer months has helped move the Greater Vancouver housing market into the upper end of a buyers’ market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® ...
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Posted in Market Report

Greater Vancouver home sales trend toward buyers’ market over summer

September 8th, 2011
VANCOUVER, B.C. - September 2, 2011 - August marked the third consecutive month that home sale activity in Greater Vancouver was below the 10-year average for the month. In contrast, home listing activity in the region has exceeded the 10-year norm every month since the beginning of the year. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detach ...
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Posted in Market Report

Active home sellers bring greater selection to the Greater Vancouver housing market

August 4th, 2011
VANCOUVER, B.C. – August 3, 2011 – While the balance between home buyer and seller activity remains in an equilibrium range in the Greater Vancouver housing market, last month’s home sale total was below the 10-year average for July. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multip ...
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Posted in Market Report

Summer housing market trends toward balance after an active spring season

July 6th, 2011
VANCOUVER, B.C. – July 5, 2011 –Home sellers outpaced buyers on Greater Vancouver’s Multiple Listings Service® (MLS®) in June, drawing the market back toward balance this summer. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 3,262 in June, a 9.8 percent increase compared to the 2,972 sales in ...
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Posted in Market Report

Greater Vancouver housing market holds steady and favours sellers in May

June 3rd, 2011
VANCOUVER, B.C. – June 2, 2011 – Home sales remained at typical springtime levels on the Multiple Listing Service® (MLS®) in Greater Vancouver in May. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties in Greater Vancouver reached 3,377 in May 2011, a 7 per cent increase compared to the 3,156 sales in May ...
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Posted in Market Report

Greater Vancouver housing market sees typical spring activity in April

May 4th, 2011
VANCOUVER, B.C. – May 3, 2011 – Greater Vancouver saw a typical, solid month of residential home sales on the Multiple Listing Service® (MLS®) in April, in contrast to the near record pace witnessed in the two preceding months. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties in Greater Vancouver reached ...
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Posted in Market Report

Home buyers and sellers enter the housing market at near record pace in March

April 5th, 2011
VANCOUVER, B.C. – April 4, 2011 – Activity in the Greater Vancouver housing market continued to strengthen in March with both the number of homes sold and added to the region’s Multiple Listing Service® (MLS®) reaching near record levels. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties in Greater Vancou ...
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Posted in Market Report

REBGV reports increased housing demand in February

March 2nd, 2011
VANCOUVER, B.C. – March 2, 2011 – Demand for detached homes continues to be strong across Greater Vancouver, with particularly high sales volumes occurring in Richmond and Vancouver Westside. For the past two months, the number of properties listed for sale and those sold on the Multiple Listing Service® (MLS®) in Greater Vancouver outpaced the 10-year average in both categories. From a hist ...
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Posted in Market Report

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