Vancouver, B.C. – December 2, 2020 – Housing demand in Metro Vancouver* continues to outpace historical averages with November sales eclipsing 3,000 for the first time since 2015. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,064 in November 2020, a 22.7 per cent increase from…
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VANCOUVER, BC – November 3, 2020 – Home sale and new listing activity remained at near record levels across Metro Vancouver* in October. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,687 in October 2020, a 29 per cent increase from the 2,858 sales recorded in…
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VANCOUVER, BC – August 5, 2020 – Home buyer and seller activity in Metro Vancouver* exceeded historical levels in July. https://www.youtube.com/watch?v=hqZ8dOBVlrs Metro Vancouver housing market sees steady summer activity Home buyer and seller activity in Metro Vancouver exceeded historical levels in July. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales…
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Buying a home comes with a lot of responsibility and a lot of costs. In this blog, we run through various hidden costs to expect when buying a home. It’s important to be aware of these costs before making one of the biggest purchases in your life. There’s more to just the downpayment and a…
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What is the MLS Home Price Index? The Canadian Real Estate Association (CREA) explains what the MLS Home Price Index is and how realtors leverage this tool to help clients make informed real estate decisions. Watch the video below for an explanation from CREA and continue reading to learn how I use the MLS HPI…
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What is radon? Radon is a naturally occurring radioactive gas that escapes from the ground and can accumulate in buildings. It is a colourless, odorless gas created by the breakdown of Radium. It cannot be seen or smelt so the only way to know it's there is to carry out a special test. How dangerous…
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What is Sales to Active Listings Ratio? The Sales to Active Listings Ratio (SAR) is the percentage of listings sold versus the number of active listings in a day. In a seller's market, the sales-to-active listings ratio is greater than 20%. In a balanced market, the sales-to-active listings ratio is between 12% to 20%. In…
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VANCOUVER, BC – May 4, 2020 – While Metro Vancouver* home sale and listing activity remains limited by the COVID-19 situation, REALTORS® across the region are fast adopting new tools and practices to help advise and serve their clients in a responsible way. https://www.youtube.com/watch?v=WGMjJCrcr1g&feature=youtu.be Home sales and listings down amid COVID-19 The Real Estate Board…
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You may be wondering what is the difference between Empty Homes Tax and Speculation and Vacancy Tax. Some people think that the two taxes are synonymous. However, that is not the case with the taxes. If you are a Vancouver property owner, knowing the difference between the two taxes is important. What is…
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https://www.youtube.com/watch?v=oz_sG8vcjyo In this video Ashley Smith, President of the Real Estate Board of Greater Vancouver (REBGV) takes us through a summary of the March 2020 Vancouver housing market March 2020 statistics. For our visual learners, watch the video above! Otherwise, continue reading our post for the main housing statistics and insights. Vancouver Housing Market March 2020…
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