February 2019

Metro-Vancouver Changes in Assessed Values

Posted on Feb 15, 2019

Are you aware that the median assessed value for Kitsilano in detached properties is currently down $337,500 from last year and is similar to Southwest Marine Drive, which is down $417,450

Yet you will see a different scenario in the data for Port Moody, comparing Anmore to Belcarra detached properties. Although Port Moody is up 3.45%, Belcarra drop...

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Greater Vancouver Detached Real Estate Prices Fall To 33 Month Low

Posted on Feb 14, 2019

Above is the price of a typical detached home across the Greater Vancouver Real Estate Board, in Canadian dollars.

If you currently are looking for detached real estate in Greater Vancouver, you can always expect to find a lot more inventory. Real Estate Board of Greater Vancouver (REBGV) numbers show detached listings reached a multi-year high for...

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Vancouver Real Estate Prices Make Biggest Drop Since 2009

Posted on Feb 12, 2019

Canadian Real Estate
  The Last Time Canadian Household Debt Grew This Slow Was 1983
The household debt in Canada is at a current new record high, yet the growth rate is decelerating. The balance of outstanding debt reached $2.16 trillion in December, up 3.1% from the year before. This pace of growth was 39% lower than the year before which is the slow...

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Overbuilding in Vancouver? New report says long-term home construction needs to speed up

Posted on Feb 09, 2019

A recent rising in the number of new condos that are scheduled for completion this year has some experts ringing alarm bells as it would bring more supply to a market that's already dropping.

Also, a building boom continues, as developers are slated to begin selling units at 73 projects a total of 13,975 homes across the Greater Vancouver Area alone...

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Falling Vancouver condo prices could spell big trouble for pre-construction buyers

Posted on Feb 06, 2019

If the prices for new condos in Vancouver keep on dropping, some homeowner who have signed contracts to purchase pre-construction units may be left in lurch and unable to ultimately close on units, a local realtor warns.

When a person buys a condo pre-construction, they are basically entering into an agreement to purchase the unit at a later closing...

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New Vancouver immigrants are spending $824,000 more on houses

Posted on Feb 01, 2019

Recently, Vancouver homes purchased by recent immigrants are worth a third more on average than those owned by Canadians, a government study found.

From the people who moved to the Pacific coast city between 2009 and 2016 own 5% of the detached properties, these properties are worth $2.34 million on average, which is $824,000 more than those owned b...

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