Home sales decline below long-term averages in 2019 despite increased demand to end the year
2019 VS. 2018:
The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment homes reached 25,351 in 2019, a 3% increase from the 24,619 sales recorded in 2018, and a 29.6% decrease over the 35,993 residenti...
The Real Estate market is showing positive movement in Greater Vancouver, and specially in North Vancouver. If you are looking to move or upsize and have been hunting for a great deal, now is the best time to lock down your dream home at an affordable price! Also, make sure to watch the brief and informative video below:
I have explained and interpreted January 2019's Real Estate material below in the video above. Please go ahead and watch it and let me know if you have any questions or inquiries! Hope you enjoy and learn from it!
Metro Vancouver home sales in 2018 were the lowest annual total in the region since 2000. Last year’s sales total was 25% below the region’s 10-year sales average. The most important factors that contributed to the market conditions we saw in 2018 include: high home prices, rising interest rates, new mortgage requirements and taxes.