The federal insurer reiterated its forecast on June 23 with the release of its outlook for the 2020 summer housing market. That was a 22.3% jump from the 2,557 sales last July 2019, and up 28% from the 2,443 homes sold last month. Thank you for your patience as we work towards bringing this back. December 2019 Real Estate Board of Greater Vancouver Statistics Package with Charts & Graphs January 3, 2020   Home sales decline below long-term averages in 2019 despite increased demand to end Metro Vancouver* home sales in 2018 were the lowest annual total in the region since 2000. your email. For example, the BC Real Estate Association (BCREA) economist, BCREA is a real estate industry advocacy organization, predicts Greater Vancouver prices will rise 6% in 2021. Newly listed properties in December for Metro Vancouver reached 1,588 for all property types. That was a reference to the Canada Mortgage and Housing Corporation, which predicted on June 4, 2020 that average home prices could drop nine to 18 percent over the next year. On a year-over-year basis, both one and two-bedroom rents in Vancouver are down over 11 per cent. Toll-free: 1-800-304-0565. The Globe and Mail is Canada's top source for real estate news, market analysis and housing data. Vancouver real estate: bought $875,000 in December, False Creek condo sold $1,060,000 this summer by Carlito Pablo on September 9th, 2020 at 11:25 AM 1 of 1 2 of 1 The Dexter Realty report was authored by Kevin Skipworth, managing broker, partner, and chief economist with the company. For example, the BC Real Estate Association (BCREA) economist, BCREA is a real estate industry advocacy organization, predicts Greater Vancouver prices will rise 6% in 2021. Vancouver is still in the process of bottoming, but it is very hard to predict a bottom. Top Vancouver real estate agents. There is a surge in interest and prices for recreational properties across Canada, including in B.C., especially at Whistler and in Kimberley and Cranbrook. In what may be an encouraging sign to homeowners concerned about dips in their … Sun, 20 December 1:30 PM to 2:30 PM. by Carlito Pablo on December 7th, 2020 at 10:37 AM. Get a roundup of the most important and intriguing national stories delivered to your inbox every weekday. READ MORE: Metro Vancouver real estate sales, prices to climb in 2021: Central 1 The benchmark price of a condo was $680,000 in September, up … “We didn’t see typical seasonal patterns in 2019. Your name begins with E, you're from DF and you work at this location. Homeowners in some parts of the Lower Mainland saw their provincial home assessments drop by as much as 16 per cent this month, based on valuations taken in July. This way, you get to see the West Vancouver housing market on a larger scale, and how it compares to other cities in the metro area. Vancouver Real Estate Pre-Sales Fall Over 62% Greater Vancouver real estate pre-sales […] Vancouver real estate: 2020 sales so far surpass whole of 2018, 2019, and December has just started [Georgia Straight – December 8, 2020] A new market report by Vancouver-based Dexter Realty shows that 2020 will finish with a bang. Canada Real Estate Market Trends for All Property Types. Vancouver is still in the process of bottoming, but it is very hard to predict a bottom. However, two-bedroom rental costs have dropped in December to $2,680. In what may be an encouraging sign to homeowners concerned about dips in their recent provincial property assessments, the agency says December sales were 9.5 per cent above the 10-year average, and a whopping 88.1 per cent up year-over-year. Overall Real Estate Market in Metro Vancouver – Prices for December, 2020. and… Vancouver: Home Sales are up 70+%, and listings for houses about the same and condos up 80+%. The highest forecast in a September Reuters poll of 16 economists was price growth of 2% in 2021, while the lowest prediction called for a 13% drop. Find the latest on housing markets across the country and real estate information. Author of the article: Colin McClelland. Vancouver real estate: Home sales up in December, prices down from 2018 A real estate sign is pictured in Vancouver on June, 12, 2018. In December 2016, the average composite benchmark inched down to $897,600. 1 of 1 2 of 1. Real Estate Board of Greater Vancouver 2433 Spruce Street Vancouver, BC V6H 4C8 Phone: 604-730-3000. Want to discuss? While sales for the entire year were up a thin 3.2 per cent over 2018, they were down five per cent over 2017, and down 7.6 per cent from the 10-year average. Looking for more real estate to buy? The prospect of falling home prices apparently did not deter buyers. Save Virtual Speed Networking Vancouver | Business Connections in Vancouver to your collection. According to the Dexter Realty report, January to November 2020 home and land sales in REBGV areas under the Real Estate Board of Greater Vancouver totaled 28,454. 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 the 35,993 residential sales in 2017. According to the Real Estate Board of Greater Vancouver (REBGV), November 2020’s home sales in Metro Vancouver were 24.6% above the 10-year sales average for the month and was the second-highest total for the month over this period. The same is happening on a regional level. THIS IS THE BEST VIDEO about Vancouver's Real Estate Market Is On Fire Update For December 2020. VANCOUVER -- Next year is shaping up to be a seller’s market, according to real estate company Royal LePage. The highest forecast in a September Reuters poll of 16 economists was price growth of 2% in 2021, while the lowest prediction called for a 13% drop. Dexter Realty released its report on December 1, which shows that January to November 2020 home and land sales on east and west sides of Vancouver totaled 7,636. BIV's real estate coverage ranges from reporting the latest statistics to providing in-depth analysis of all real estate issues in Vancouver and British Columbia Sales volumes down 39.4% y/y in December Prices down 5.6% y/y in December. Tina Heidari. Housing Market Report for December 2020. In 2019, sales in the REBGV region totaled 25,681; and 2018 came to 25,051. Welcome! Vancouver Real Estate market update, December 2019. 3 Beds; 4 Baths; Single Family Real estate roundup: Vancouver, BC housing market overview Point2 gives you far more than a simple list of houses for sale. READ MORE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy - Listing data updated on December 17, 2020. Log into your account. The composite benchmark average came down a little lower than seasonally expected. Metro Vancouver real estate rebound levels off, prices hold flat in November. British Columbia, Vancouver Real Estate [Georgia Straight – December 8, 2020] A new market report by Vancouver-based Dexter Realty shows that 2020 will finish … Serving Vancouver and the Surrounding Area. Serving Vancouver and the Surrounding … Greater Vancouver real estate pre-sales are slowing, and inventory is rising. Get help. 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