MARKETING VANCOUVER by A.V. SAYSON PERSONAL REAL ESTATE CORPORATION

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

 

More supply and less demand seen across Metro Vancouver housing market

The supply of homes for sale continued to increase across the Metro Vancouver* housing market in September while home buyer demand remained below typical levels for this time of year.

Commercial real estate sales down, prices up in the Lower Mainland

The commercial real estate market in the Lower Mainland continued to see fewer transactions in the second quarter (Q2) of 2018 compared to recent years.

There were 569 commercial real estate sales in the Lower Mainland in Q2 2018, a 16.3 per cent decrease over the 680 sales in Q2 2017, according to data from Commercial Edge, a commercial real estate system operated by the Real Estate Board of Greater Vancouver (REBGV).

Home buyer demand stays below historical averages in August

The Metro Vancouver(1) housing market continues to experience reduced demand across all housing types.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,929 in August 2018, a 36.6 per cent decrease from the 3,043 sales recorded in August 2017, and a 6.8 per cent decline compared to July 2018 when 2,070 homes sold.

Last month’s sales were 25.2 per cent below the 10-year August sales average.

Housing supply up, demand down across Metro Vancouver

July’s residential housing sales in Metro Vancouver* reached their lowest levels for that month since the year 2000.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,070 in July 2018, a 30.1 per cent decrease from the 2,960 sales recorded in July 2017, and a decrease of 14.6 per cent compared to June 2018 when 2,425 homes sold.

Home seller supply grows as demand declines

With home sale activity dipping below long-term historical averages, the supply of homes for sale in Metro Vancouver* reached a three-year high in June.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,425 in June 2018, a 37.7 per cent decline from the 3,893 sales recorded in June 2017, and a 14.4 per cent decrease compared to May 2018 when 2,833 homes sold.

Last month’s sales were 28.7 per cent below the 10-year June sales average.

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