From the monthly archives:
Here are the weekly statistics for the Real Estate Board of Greater Vancouver in the week of June 15th, 2008 – June 21st, 2008 for my market area of Vancouver East and Vancouver West.
Comparing the numbers week-to-week, we see a slight bump in sales (+3.3%) and a more significant drop in new listings (-11.5%) [...]
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It appears as though the city of Vancouver is a victim of it’s own success. In the late 80s, the city began promoting a policy of “Living First” to encourage people to move downtown. In that time, we’ve gone from a Downtown population of 40,000 to more than 90,000 with the incredible growth and popularity [...]
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On June 10th, the Vancouver city council officially (and unanimously) passed the EcoDensity Charter. This unanimous vote took place despite the opposition by more than twenty local community groups.
Most of what is contained in the charter has a long way to go before we see it put into affect. These include such actions as: new [...]
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Here’s the weekly update of Real Estate Board of Greater Vancouver statistics for the week of June 8th, 2008 – June 14th, 2008 in Vancouver East and Vancouver West. Comparing the numbers week-to-week, residential sales dropped as did new listings. Net result, though is another bump in active listings.
Here are the details:
New Listings: 513
Avg List [...]
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On Tuesday, June 10th 2008 the Bank of Canada announced it’s decision to leave its target for the overnight lending rate at 3% and the bank lending rate at 3.25%. The Bank surprised most observers by leaving rates unchanged and cited concerns about rising inflation for this change in it’s policy (find the full press [...]
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Ozzie Jurock (local real estate investment educator) recently wrote a piece featured in the Vancouver Sun (”Why I will always buy real estate“). It’s an interesting read, and worth considering in light of our “rebalancing” market.
You can read the article for yourself right here, but here are a couple of expercpts for you:
If you place a good portion [...]
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Here’s the weekly update for the week of June 1st, 2008 – June 7th, 2008 in Vancouver East and Vancouver West. It looks as though sales were essentially the same as last week (down by two), but new listings spiked resulting in a greater number of active listings.
Here are the details:
New Listings: 625
Sales: 213
Avg Sale List Price: [...]
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Here are the real estate statistics for Vancouver West (Westside) and Vancouver East for the month of May 2008. These statistics are compiled graphically by my office, Royal LePage Westside every month.
The statistics are broken into segments for East and West sides of Vancouver. You’ll find graphs for the median selling price, listing supply, sales demand, and [...]
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The monthly Real Estate Board of Greater Vancouver statistics for May, 2008 were released today. The REBGV press release calls the month a continued “re-balance between sales and listings”. Sales were down 30.7% this past month (3,002) compared to a year ago (4,331). Listings continued their rise up 20.2 % to 7,390 from 6,149 a year [...]
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I am going to be doing a weekly update of the real estate stats for my market area (Vancouver East and Vancouver West). I’ll start off the stats with relatively basic numbers, but I am open to expanding the scope of this update if there is demand from my clients and readers.
For the week of [...]
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