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Updates

MAC INTEL Vancouver 2016 Edition (Posted Feb 1, 2016)

Infographic of Vancouver's Economic, Employment, and Housing Trends  

MAC Intel JAN2016  

LEVESON: Pre-sale units available now!

***CLICK HERE TO VIEW PHOTOS AT THE PRE-SALE LAUNCH!!!

 

 

MAJOR MARKET HOUSING STARTS FORECAST FOR 2016 by Altus Group  Dec 8, 2015

major market housing forecast fall 2015 a

Public newslink: http://altusgroup.com/newsroom/research/2015/major-market-housing-starts-forecast-fall-2015/ 

Vancouver starts next year are forecast to almost match 2015’s stellar performance, for both single-family and apartment units.

Last year’s strong new home sales boosted starts this year in Edmonton, but softer sales this year will work through to fewer starts in 2016. Calgary starts are facing a further drop in 2016.

In Toronto, new single-family home sales have been very strong, according to Altus RealNet data, which is positive for higher single-family starts in 2016. Apartment starts are expected to moderate after this year’s burst.

Unsold built inventory is displacing some potential new housing starts in Montreal, Saskatoon and Regina this year, but 2016 should bring some pick up. 

Expect relatively stable starts in Halifax and Ottawa next year, but softening in Winnipeg.

 

REBGV NEWSFLASH Nov 3, 2015
"LAST MONTH'S SALES WERE 36.2% ABOVE THE 10-YR SALES AVERAGE FOR THE MONTH OF OCTOBER"

Download the complete stats package here:

https://app.box.com/s/ucahnkgslevzwb6d4cibgm8judh8pyes

Metro Vancouver home buyers push October sales above long-term averages.

Home buyers remain active across Metro Vancouver despite a REDUCED SUPPLY of homes for sale.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in *Metro Vancouver reached 3,646 on the Multiple Listing Service® (MLS®) in October 2015. This represents a 19.3 per cent increase compared to the 3,057 sales recorded in October 2014, and a 9 per cent increase compared to the 3,345 sales in September 2015.

Last month’s sales were 36.2 per cent above the 10-year sales average for the month.

“Home sales are more than one-third above what’s typical for this time of year yet the supply of homes for sale is the lowest we’ve seen in five years,” Darcy McLeod, REBGV president said. “This activity has created favourable market conditions for anyone considering selling their home today.”

New listings for detached, attached and apartment properties in Metro Vancouver totalled 4,126 in October. This represents an 8 per cent decline compared to the 4,487 new listings reported in October 2014.

The total number of properties listed for sale on the real estate board’s MLS® is 9,569, a 30 per cent decline compared to October 2014 and an 11.4 per cent decline compared to September 2015.

This is the lowest active listing total in Metro Vancouver since December 2010.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $736,000. This represents a 15.3 per cent increase compared to October 2014.

The sales-to-active-listings ratio in October was 38.1 per cent. Generally, analysts say that downward pressure on home prices occurs when the ratio declines below the 12 per cent mark, while home prices often experience upward pressure when it reaches 20 per cent, or higher, in a particular community for a sustained period of time.

Sales of detached properties in October 2015 reached 1,437, an increase of 13.1 per cent from the 1,271 detached sales recorded in October 2014...

201510 av sayson rebgv stats

 

Home buyer demand depends on property type

 Attached and apartment homes are in demand across Metro Vancouver* while detached home buyers are facing less competition today.

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Steady sales and diminished listings characterize 2017 for the Metro Vancouver housing market

After reaching record levels in 2015 and 2016, Metro Vancouver home sales returned to more historically normal levels in 2017. Home listings, on the other hand, came in several thousand units below typical activity.

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Sales down, values up in Lower Mainland commercial real estate

Commercial real estate sales in the Lower Mainland have edged down from last year’s record highs while dollar values continued to rise in the third quarter (Q3) of 2017.

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REALTORS Care® Blanket Drive provides warmth to 36,000 people in need this winter

More than 36,000 Lower Mainland residents will receive blankets and warm clothing this winter thanks to donations collected during the 23rd annual REALTORS Care® Blanket Drive.

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Metro Vancouver continues to experience above-average demand and below-average supply

Metro Vancouver* saw modest home listing changes and steady demand in November.

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Source: http://www.rebgv.org/news-statistics