Home buyer demand remains below long-term historical averages in the Metro Vancouver* housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales totalled 1,608 in the region in November 2018, a 42.5 per cent decrease from the 2,795 sales recorded in November 2017, and an 18.2 per cent decrease compared […]
Category Archives: Real Estate News
REALTORS Care® Blanket Drive enters final weekend – donate today!
This weekend is the last chance to donate to the 24th annual REALTORS Care® Blanket Drive. The Blanket Drive is the largest and longest running program of its kind in the Lower Mainland. Over 150 real estate offices are serving as donation drop-off centres during this year’s program. Source: REBGV {$excerpt:n} REALTORS Care® Blanket Drive […]
Prime Burnaby apartment property for sale
A prime site in Burnaby's Metrotown neighbourhood is for sale, offering both solid holding income from existing apartments and attractive … Source: Metrotown condos {$excerpt:n} Prime Burnaby apartment property for sale
The 24th annual REALTORS Care® Blanket Drive is underway
Today marks the beginning of the 24th annual REALTORS Care® Blanket Drive – the largest and longest running program of its kind in the Lower Mainland. Realtors across the region are working with their clients to coordinate thousands of donations of blankets, sleeping bags, warm winter clothing, and new socks and underwear for those in […]
REALTORS Care® Blanket Drive begins November 13
The 24th annual REALTORS Care® Blanket Drive kicks off November 13 to collect warm winter clothing for those in need across the Lower Mainland. The REALTORS Care® Blanket Drive is the largest and longest running blanket drive in the Lower Mainland. Source: REBGV {$excerpt:n} REALTORS Care® Blanket Drive begins November 13
Home listings at four-year October high as sales remain below typical levels
Home sale activity across Metro Vancouver* remained below long-term historical averages in October. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,966 in October 2018, a 34.9 per cent decrease from the 3,022 sales recorded in October 2017, and a 23.3 per cent increase compared […]
Activist says 'relocation specialists' speeding tenant dislocation in Metrotown
Offers of relocation assistance to tenants amounts to undue pressure to vacate affordable rentals in Metrotown's overheated condo market, the … Source: Metrotown condos {$excerpt:n} Activist says 'relocation specialists' speeding tenant dislocation in Metrotown
More supply and less demand seen across Metro Vancouver housing market
The supply of homes for sale continued to increase across the Metro Vancouver* housing market in September while home buyer demand remained below typical levels for this time of year. Source: REBGV {$excerpt:n} More supply and less demand seen across Metro Vancouver housing market
Meet Lee Rankin, independent council candidate
The city must halt demovictions and replace lost rental stock in Metrotown. Rents in replacement rentals must be comparable to existing stock. The city … Source: Metrotown condos {$excerpt:n} Meet Lee Rankin, independent council candidate
Commercial real estate sales down, prices up in the Lower Mainland
The commercial real estate market in the Lower Mainland continued to see fewer transactions in the second quarter (Q2) of 2018 compared to recent years. There were 569 commercial real estate sales in the Lower Mainland in Q2 2018, a 16.3 per cent decrease over the 680 sales in Q2 2017, according to data from […]
Home buyer demand stays below historical averages in August
The Metro Vancouver* housing market continues to experience reduced demand across all housing types. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,929 in August 2018, a 36.6 per cent decrease from the 3,043 sales recorded in August 2017, and a 6.8 per cent decline compared […]
Concord Pacific plans 65-storey signature tower at Metrotown
We are getting a fresh look at Concord Pacific's plans for Metrotown, which include … A total of approximately 1,300 homes are planned for phase one. Source: Metrotown condos {$excerpt:n} Concord Pacific plans 65-storey signature tower at Metrotown
Housing supply up, demand down across Metro Vancouver
July’s residential housing sales in Metro Vancouver* reached their lowest levels for that month since the year 2000. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,070 in July 2018, a 30.1 per cent decrease from the 2,960 sales recorded in July 2017, and a decrease […]
Advocates say after years of evictions, new housing promises from Burnaby council aren't enough
But advocates for Metrotown renters estimate that over 1,500 people have … “I support the moratorium for viable rental buildings,” Schauer said. Source: Metrotown condos {$excerpt:n} Advocates say after years of evictions, new housing promises from Burnaby council aren't enough
Burnaby council makes first move in major shift to Metrotown demoviction policies
The towers would have replaced 177 rental units in three walk-up buildings at 6444 Willingdon Ave and 4241 Wilson Ave. in Metrotown. Source: Metrotown condos {$excerpt:n} Burnaby council makes first move in major shift to Metrotown demoviction policies
Metrotown rental demolitions shake up Burnaby's left-wing political dynasty
And the one issue that's driving the change is a rapid loss in older rental buildings to make way for new condo towers in the suburb's Metrotown area. Source: Metrotown condos {$excerpt:n} Metrotown rental demolitions shake up Burnaby's left-wing political dynasty
Home seller supply grows as demand declines
With home sale activity dipping below long-term historical averages, the supply of homes for sale in Metro Vancouver* reached a three-year high in June. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,425 in June 2018, a 37.7 per cent decline from the 3,893 sales recorded […]
Burnaby Greens promise moratorium on Metrotown demovictions
“Burnaby is facing a major crisis, as our Metrotown area is being ripped … to raze aging apartment buildings and replace them with high-rise towers. Source: Metrotown condos {$excerpt:n} Burnaby Greens promise moratorium on Metrotown demovictions
Commercial real estate sales down from robust 2017 activity
Commercial real estate sales in the Lower Mainland declined in the first quarter (Q1) of 2018 compared to the active market experienced in the region last year. There were 523 commercial real estate sales in the Lower Mainland in Q1 2018, a 10.8 per cent decrease over the 586 sales in Q1 2017, according to […]
REALTORS® encourage property buyers and sellers to understand new real estate rules
New real estate rules took effect today that will change the way REALTORS® and their clients work together. Specifically, the new rules will prohibit the practice of limited dual agency and require real estate licensees in BC to provide additional information to their clients about how they’re compensated. Source: REBGV {$excerpt:n} REALTORS® encourage property buyers […]