According to the Real Estate Board of Greater Vancouver the sales-to-active listings ratio for March 2017 is 47.2%, a 15% increase over February.
It appears that local buyers are taking an idea of living within one’s means to heart and making housing decisions based in reality, not dreams.
The sales numbers are down mainly due to the fall off in detached sales as there still is demand for certain products.
A new day has dawned. Just not the one that all the pessimists were expecting.
Houses have been selling for less than they would have six months ago because of an extra $400,000 to $600,000 or more on the price.
The largest contributor to the decreased number of detached home sales is the 15% Foreign Buyers tax imposed in July 2016.
There seems to be a wait and see attitude of both sellers and buyers to the changing market conditions.
Vancouver is known as having one of the mildest climates in Canada but that doesn’t mean that homeowners don’t need to worry about Mother Nature.
For those homeowners who want to maximize their home’s value on the Vancouver market, a few renovations may make all the difference.
A day late and a dollar short. The Foreign Buyer Tax will never create affordable housing in Vancouver again.
Everyone held their breath to see what impact the 15% Foreign Buyer tax would have on property sales and more importantly on prices.
Airbnb and similar services have disrupted the rental and hotel businesses in communities around the world. See how did it affect Vancouver!
Lower sales numbers reflected fewer listings. July’s sales were 6.5% above the 10-year sales average for the month.
Disagreement between neighbours can be one of the most emotionally driven conflicts, and can often escalate very quickly.
Be careful what you wish for, you may get it. An old expression describing unintended consequences.