Be in the know in 2020! Metro Vancouver real estate blog 

The new app that can saves lives and is just pretty darn cool

Posted on Jan 13, 2020



Like traveling? Visiting new destinations? Backcountry skiing or hiking?  This new APP called What3words might interest you. 

What3words is a geocode system for the communication of locations with a resolution of three metres. What3words encodes geographic coordinates into three dictionary words; the encoding is permanently fixed. For example, the omp...

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Burnaby condo & townhouse market ends 2019 with upwards pressure on prices 

Posted on Jan 08, 2020

In December the Burnaby Mountain SFU condo and townhouse real estate market was in a “Seller’s” market as we cycle through the year end process of typical inventory and sales declines. Though 2019 was a year of adjustment to new mortgage rules, tax’s, and policy changes buyer confidence appears to be returning to the market and creating demand for...

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Fairview dominant market on Westside in 2019 for sales activity 

Posted on Jan 08, 2020

The Fairview neighbourhood in Vancouver continued to be the strongest neighbourhood for sales activity in December out of all the Westside neighbourhoods. Condos and townhomes are seeing upwards pressure especially for homes under $600K.

How do we know? List to Sales Ratio

A buyer’s market has a 0-12% list to sales ratio
A balanced market has a 12-2...

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Kitsilano market activity resilient in December for houses and condos

Posted on Jan 07, 2020

Condos & Townhomes

The Kitsilano condo market kept chugging along in December with conditions favouring Sellers despite the typical decrease in inventory, sales, and demand we see at the end of the year.

How do we know? List to Sales Ratio

A buyer’s market has a 0-12% list to sales ratio
A balanced market has a 12-20% list to sales ratio
A seller’s ma...

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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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