Blog by Major S. Olak

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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 ...
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Posted in Market Report

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 ...
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Posted in General

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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Posted in General

Condominiums and townhomes in high demand across Metro Vancouver

May 4th, 2017
VANCOUVER, BC – May 2, 2017 – Demand for condominiums and townhomes continues to drive the Metro Vancouver* housing market.Residential property sales in the region totalled 3,553 in April 2017, a 25.7 percent decline compared to April 2016 when 4,781 homes sold and a 0.7 percent decrease from the 3,579 sales recorded in March 2017.April sales were 4.8 percent above the 10-year average for the ...
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Posted in Market Report

33 2662 MORNINGSTAR CRESCENT, Vancouver East, BC

May 1st, 2017
I just finished uploading this Townhouse for sale, 33 2662 MORNINGSTAR CRESCENT, Vancouver East, BCThe best freehold complex of Vancouver waterfront fraserlands. Gorgeous sunny bright end unit shows like a new. Offers great floor plan w/open spacious living / dining, large master bedroom with river view and good size 2nd bedroom on upper floor. Large den with windows on main floor can be used ...
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Posted in Listings

10711 ROSEBROOK ROAD, Richmond, BC

May 1st, 2017
I just finished uploading this House for sale, 10711 ROSEBROOK ROAD, Richmond, BCTwo level renovated and well maintained house. Over 2700 sq. feet living space with 5 bedrms, 4 bathrms, fully finished basement. Updates 2009, painting, flooring up & down, new tub in bathrm, 3 year old furnace. Updates 2015, new kitchen, new hot water tank and main floor flooring. Updates 2016, new windows, new ...
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Posted in Listings

Demand for homes continues to outpace supply in Metro Vancouver

April 5th, 2017
VANCOUVER, BC – April 4, 2017 – A shortage of residential property listings coupled with strong demand, particularly for condos and townhomes, continued to impact Metro Vancouver’s housing market in March.Residential property sales in the region totalled 3,579 in March 2017, a decrease of 30.8 percent from the 5,173 sales recorded in record-breaking March 2016 and an increase of 47.6 percent ...
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Posted in Market Report

Low supply continues to limit Metro Vancouver home buyers

March 9th, 2017
VANCOUVER, BC – March 2, 2017 – Reluctance amongst Metro Vancouver* home sellers is impacting sale and price activity throughout the region’s housing market.Residential home sales in the region totalled 2,425 in February 2017. This is a 41.9 percent decrease from the record 4,172 homes sold in February 2016 and an increase of 59.2 percent compared to January 2017 when 1,523 homes sold.Last mo ...
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Posted in General

Metro Vancouver housing market off to a quieter start than last year

February 3rd, 2017
VANCOUVER, BC – February 2, 2017 – Home sales and listings trends are below long-term averages in the Metro Vancouver* housing market. This is due largely to reduced activity in the detached home market.Residential property sales in the region totalled 1,523 in January 2017, a 39.5 percent decrease from the 2,519 sales recorded in January 2016 and an 11.1 percent decrease compared to December ...
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Posted in General

A heated year for Metro Vancouver real estate draws to a close

January 5th, 2017
VANCOUVER, BC – January 4, 2017 – The Metro Vancouver* housing market had its third highest selling year on record in 2016, behind only 2015 and 2005.Sales of detached, attached and apartment properties in the region reached 39,943 in 2016, a 5.6 percent decrease from the 42,326 sales recorded in 2015, and a 20.6 percent increase over the 33,116 residential sales in 2014.“It was an eventful y ...
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Posted in Market Report

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