Vancouver Detached Real Estate Sales Drop To 20 Year Low, Prices Roll Back 3 Years

Posted on May 20, 2019




Greater Vancouver detached real estate is still spiraling. Real Estate Board of Greater Vancouver (REBGV) numbers show sales dropped to a 20 year low in April. The decline in sales is combining with a multi-year high for inventory. The result is Greater Vancouver detached prices are now at the lowest level in three years.

Greater Vancouver Detached...

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Vancouver housing may be down but not out, Vancity CEO says

Posted on May 08, 2019




The housing numbers out of Vancouver, once among the world’s hottest real estate markets, are getting more dismal with each passing month.

Typically April is a month that kicks off the homebuying season in Vancouver, yet this April 2019, had the lowest sales in 24 years. The Benchmark prices are down 8.7 per cent from their peak in mid-2018, and the...

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Vancouver's 'hostile' housing market nears significant declines, warns PIMCO's Devlin

Posted on May 04, 2019



A prominent fund manager is sounding the alarm over Canada’s most expensive real estate market, saying housing prices in Vancouver may be decelerating at a faster-than-expected pace.

Ed Devlin, who is the head of Canadian portfolio management at Pacific Investment Management Co. (PIMCO), told BNN Bloomberg that he’s taking a closer look at the Vanco...

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Analysis: Only 43 Metro Vancouver homes over $7M have sold in past year

Posted on May 04, 2019



All of the 43 homes were sold below asking price, averaging 16 per cent off list, as the region’s high-end homes fail to sell.

The Metro Vancouver real estate market is clearly cooling down, and nowhere is this happening faster than in the high-end detached home sector, an analysis of MLS data reveals.

In the Metro Vancouver region, which is located...

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Number of West Van condo owners appealing property assessments quadrupled this year

Posted on Apr 29, 2019



A larger percentage of condo owners in West Vancouver have appealed their property assessments this year than homeowners across B.C. as a whole.

Alot of condo owners are appealing their assessments this year, at 3.5 percent this is about four times the amount from last year.

In the City and District of North Vancouver less than one-half of a per cent...

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Vancouver listed among world's top 30 cities for university students

Posted on Apr 20, 2019



Recently, a European job site has ranked Vancouver as one of the world's best cities for university students. The list was released by AppJobs.com which ranked the British Columbia city 20th overall out of 30 chosen cities.

Appjobs is a website that connects job seekers specifically with app-based companies like Uber and Foodora, 

"We have analyzed th...

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