Blog by Major S. Olak

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Real estate market stable at year-end

January 5th, 2011
VANCOUVER, B.C. – January 5, 2011 – The Greater Vancouver residential housing market entered three distinctive phases in 2010. Continued buoyancy from the post-recession recovery began the year, followed by a summer lull and, throughout the fall, a sustained period of stability. The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment pr ...
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Posted in Market Report

MLS® stats show more sales, fewer property listings in November

December 3rd, 2010
VANCOUVER, B.C. – December 2, 2010 – Greater Vancouver residential home sales improved in November compared to the previous four months, with the number of sales posted on the Multiple Listing Service® (MLS®) coming in slightly higher than the 10-year average for that month. The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Va ...
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Posted in Market Report

Home sales remain steady in Greater Vancouver

November 4th, 2010
VANCOUVER, B.C. – November 2, 2010 – Greater Vancouver home sales have remained steady over the past four months, indicating stability in the residential housing market. With the MLS® sales to active listing inventory ratio indicating a buyers’ market, properties appropriately priced are selling. According to the MLSLink® Housing Price Index (HPI), the benchmark price for all residential p ...
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Housing market factors indicate stability in recent months

October 5th, 2010
September home sales in Greater Vancouver were consistent with activity experienced in the preceding two months across most categories. The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totalled 2,220 in September 2010. This represents a 0.8 percent increase compared to August 2010 and 37.6 percent decline from the 3 ...
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Buyer’s market conditions continue in Greater Vancouver

September 3rd, 2010
VANCOUVER, B.C. – September 2, 2010 – Conditions in the Greater Vancouver housingmarket continued to favour buyers in August. Since April, prices have edged down slightly as the number of sales and the number of properties coming on to the market have been declining. The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver t ...
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Homebuyers and sellers less active in July

August 5th, 2010
VANCOUVER, B.C. – August 4, 2010 – Home sales activity in Greater Vancouver was quieter last month than most Julys over the past decade, with residential sales, prices, and the number of homes listed for sale trending downward in recent months. The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totalled 2,255 in July ...
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Posted in Market Report

Activity steady to start the summer season

July 6th, 2010
VANCOUVER, B.C. – July 5, 2010 – The Greater Vancouver housing market experienced steady activity to begin the summer season. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 2,972 in June 2010, a decline of 30.2 percent compared to the 4,259 sales in June 2009, which was the second highest selling June on record. “Activ ...
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Posted in Market Report

May market offers buyers greater selection

June 4th, 2010
VANCOUVER, B.C. – June 4, 2010 – The number of properties listed for sale in Greater Vancouver continued to rise in May, while the number of sales showed a year-over-year decrease. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 3,156 in May 2010, a decline of 10.4 percent compared to the 3,524 sales in May 2009; 5.1 percen ...
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Posted in Market Report

Home buyer and seller activity increases in busy spring market

May 4th, 2010
VANCOUVER, B.C. – May 4, 2010 –The Greater Vancouver housing market experienced increased activity in April thanks to a steady balance of home buyers and sellers entering the marketplace. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 3,512 in April 2010, the fifth highest-selling April on record. The figure represents ...
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Posted in Market Report

Home listings rise to start the spring season

April 7th, 2010
VANCOUVER, B.C. – April 6, 2010 – A steady influx of new listings has helped create a balanced ‘typical spring’ housing market in the Greater Vancouver region. The Real Estate Board of Greater Vancouver (REBGV) reports that new listings for detached, attached and apartment properties in Greater Vancouver totalled 7,004 in March 2010. This represents a 60 percent increase compared to March 20 ...
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Posted in Market Report

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