Greater Vancouver Real Estate Statistics - February 2022
Posted on Mar 03, 2022 in Market Update
Listings inch up, demand remains steady and price gains continue in Metro Vancouver’s housing market in FebruaryThe Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales...
Bank of Canada Interest Rate Announcement
Posted on Mar 02, 2022 in Mortgage News
As widely expected, the Bank of Canada raised its overnight policy rate this morning to 0.5 per cent, an increase of 25 basis points. In the statement accompanying the decision the Bank noted that the invasion of Ukraine by Russia has added a major new source of uncertainty to the global economy, and it expects the fallout to include upward pressur...Canadian Inflation
Posted on Feb 16, 2022 in Economics
Canadian prices, as measured by the Consumer Price Index (CPI), rose 5.1% on a year-over-year basis in January, up from 4.8% in December. On a month-over-month basis, the CPI rose 0.9% in January (0.6% seasonally adjusted). The Bank of Canada's preferred measures of core inflation (which use techniques to strip out volatile elements) rose an averag...Extremely Tight Conditions Persist in the BC Housing Market
Posted on Feb 14, 2022 in Economics
The British Columbia Real Estate Association (BCREA) reports that a total of 6,138 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in January 2022, a decrease of 14.7 per cent from January 2021. The average MLS® residential price in BC was $1,042,169, a 23.5 per cent increase from $843,918 recorded in January 2021. Tota...5 Tips to Maximize the Sale Price of Your Yaletown Condo
Posted on Feb 10, 2022 in Sellers Information
Tip #1 Staging - Pay close attention to the way your place looks and feels when a buyer comes in. You want to declutter and depersonalize as much as possible so the buyers can envision themselves living in the space appose to yourselves.
Tip #2 Smells - Often overlooked, you want to take care of any smells or odours. Pay attention and ask your real...
Greater Vancouver Real Estate Statistics - January 2022
Posted on Feb 02, 2022 in Market Update
The first month of 2022 saw home sales come down from last year’s record-setting pace, while low supply continued to cause home prices to edge higher across Metro Vancouver. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,285 in January 2022, a 4.4 per cent decrease from the 2,389 sale...
