2008 brought improved housing affordability to Greater Vancouver


VANCOUVER, B.C. - The record-breaking real estate market cycle in Greater Vancouver, longer than normal at seven consecutive years, ended in 2008 amidst global economic challenges.

Blanket Drive donations strong in the face of adversity


VANCOUVER, BC – With a combination of heightened media coverage and old fashioned Canadian spirit, the 14th annual REALTORS® Care Blanket Drive overcame tough economic conditions, to reach near record-setting totals.

Making sense of today’s housing market


In recent months, economists have had the unenviable task of trying to calculate the direction the housing market is likely to take, factoring in things like unemployment rates, population and immigration figures, economic growth, mortgage rates, and that most nebulous of criteria: consumer confidence.

Slow home sales create window of opportunity


VANCOUVER, B.C. – November reductions in home sales and prices have helped improve affordability in Greater Vancouver. However, November also saw a corresponding decrease in the number of new homes coming onto the market.

Residential housing price decline creates buying opportunities


VANCOUVER, B.C. – Housing price reductions across Greater Vancouver over the last six months have eliminated price gains witnessed in the first quarter of 2008.

Home prices adapt to affordability demands


VANCOUVER, B.C. – The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver declined 42.9 per cent in September 2008 to 1,585 from the 2,776 sales recorded in September 2007.

Summer lull sees properties stay on market


VANCOUVER, B.C. – The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 1,568 in August 2008, a decline of 53.7 per cent from the 3,384 sales in August 2007, and a 47.7 per cent reduction from the 2,998 sales recorded in August 2006.

Month-over-month housing prices retreat from record highs


VANCOUVER, B.C. - As property listings continue to outpace sales, Greater Vancouver housing prices have drawn back, the last two months, from the record highs experienced in early 2008.

REALTORS® amass thousands of electronic items for charity


VANCOUVER, B.C.  In a mass recycling effort, Greater Vancouver REALTORS® donated over 2,000 used electronics items to the Electronic Recycling Association (ERA).

Market activity offers awaited relief for homebuyers


Increased property listings and moderating home prices have eased the Greater Vancouver housing market into a buyer’s phase.

Syndicate content