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May 2019 – Vancouver Real Estate Market Update

THE MAY VANCOUVER REAL ESTATE MARKET UPDATE

Months of Inventory – One of The Most Important Trend Lines to Watch

The Real Estate Board of Greater Vancouver (REBGV) saw a healthy increase of sales in May, with a final total of 2638, a 44.2% increase over April. Months of inventory decreased by -29.1% to 5.6 and the average price stayed steady at $1.01M. While the historical average price is about an -8% decrease from 2018, it is still an increase over 2017 numbers.
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April 2019 – Vancouver Real Estate Market Update

April Real Estate Market Update

Have things shifted at all in Vancouver’s market?

The above is a screen capture, taken today, from the REBGV site to agents about wait times for processing deals given the increase in sales.

“Reduced demand and increased supply remain the trend across Metro Vancouver’s housing market”

Or at least that’s what the April numbers were showing from the REBGV.
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March 2019 – Vancouver Real Estate Market Update

March Real Estate Market Update

How did the Vancouver real estate market go for the month of March and how does that affect you?

Home Sales Remain Low Which Means Smart Shoppers are Finding Deals

Not much has changed from the first two months of this year. Houses prices are fairly steady while sales are slightly up. Condos are seeing slow sales and softening price trends continue.
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Upgrading To A Bigger Home – What To Consider In 2019

Upgrading to a Bigger Home: What to Consider in 2019

There are opportunities to pay attention to in Vancouver’s market this year.

2019 could well be looked back at as the year of “Upgrading To A Bigger Home”. With the drop in detached housing values in all areas of Vancouver and low-interest rates, there is likely no better time than we have seen in years.
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First Time Home Buyers Program REVEALED, Mortgage Rate Drops & More!

The New Federal Down Payment Assistance Program

Will Bill Morneau’s bizarre new plan to ‘help’ first time homebuyers do us any good?

The program seems to be of questionable benefit, as it actually reduces what buyers can afford.

In the 2019 Federal Budget, Finance Minister Bill Morneau announced a new plan announced a new plan (read article here) to help first time homebuyers.
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