January 2020

Downtown condo market ends year with rising prices as inventory and sales decline

Posted on Jan 06, 2020

Vancouver’s downtown condo and townhouse real estate market in December continued to see an increase in benchmark sale prices with a 1% rise, inventory decreased significantly by 30%, and sales decreased by 21 % when compared to November. Inventory and sales historically trend downwards during in these months.

Current trends put the downtown, Weste...

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December Summary & Year End Wrap Up

Posted on Jan 05, 2020

The Metro Vancouver housing market experienced below average sales activity and moderate price declines in 2019.
The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment homes reached 25,351 in 2019, a three per cent increase from the 24,619 sales recorded in 2018, and a 29.6 per cent decrease over th...

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