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

Burnaby Mountain market shifts to Seller's market in March but COVID impact looms

Posted on Apr 07, 2020

In March the Burnaby Mountain SFU condo and townhouse real estate market tipped into to a low “Seller’s” market from an upper “Balanced” market in February.

Home buyer demand at the beginning of the month was quite high across Greater Vancouver with sharply priced condos and houses often selling in competition and over asking price.

Since the COVID...

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No slump in Fairview real estate market in March as sales and prices rise

Posted on Apr 06, 2020

The Fairview neighbourhood in Vancouver saw strong demand by homebuyers and sales over asking price in March despite the economic uncertainty and turmoil caused by COVID 19. The Fairview, Kitsilano and Mount Pleasant neighbourhoods all saw conditions favouring home sellers during the month and are experiencing upwards pressure on pricing.

How do we...

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Kitsilano condo sales & prices rise in March as inventory remains flat 

Posted on Apr 06, 2020

The condo market momentum in Kits seen in February continued through into March resulting in more upwards pressure on pricing. Sales rose for the second consecutive month and outpaced inventory but the impact of the COVID 19 crisis looms as sales are expected to decline rapidly.

How do we know? List to Sales Ratio

A buyer’s market has a 0-12% list t...

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Downtown condo prices up by 1% in March over February but COVID 19 impact looms

Posted on Apr 02, 2020

Vancouver’s downtown condo and townhouse real estate market in March started with strong sales activity but as with most markets has been greatly impacted by the COVID 19 crisis in recent weeks.  

Looking at March’s numbers the downtown market experienced a slight 1% increase in benchmark sale prices, inventory increased by 10%, and sales increased by...

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Plan to support tenants & landlords during COVID 19 crisis by BC government 

Posted on Apr 01, 2020

COVID 19 real estate

On March 25, 2020, the Government of B.C. announced a plan to support renters and landlords during the provincial state of emergency and help prevent the spread of COVID-19. The plan includes amendments to the Residential Tenancy Act which will be in effect for the duration of the provincial state of emergency. 

The Residential Tenancy Branch has res...

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Kitsilano condo prices rise in February  

Posted on Mar 11, 2020

The Kitsilano condo and townhouse market was active in February and is currently in a "Sellers" market. Despite this activity benchmark prices remain below levels seen in the last quarter of 2019 as we head into was is typically the busiest sale month of the year. 

How do we know? List to Sales Ratio

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

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