VANCOUVER, B.C. - November 3, 2009 - Strong demand has led to a
steady rise in Greater Vancouver home prices compared to last
year.
Over the last 12 months, the MLSLink® Housing Price Index (HPI)
benchmark price for all residential properties in Greater Vancouver
increased 6.8 per cent to $553,702 from $518,668 in October
2008.
"While home prices have been rising in 2009, they have not ecli ...
Although rates having been decreasing over the past several months, it now looks like fixed rates are back on the rise. With the Government of Canada's 5 year benchmark bond yield rate rising almost .25% on Friday, Royal Bank has taken a proactive approach and raised their 5 year fixed rate .35 basis points to 5.84% (this is a posted rate, not discounted). Although we don't know how this is g ...
Market momentum carries into August The number of home sales in Greater Vancouver increased significantly last month compared to August 2008 and moved closer in line with the active summer months experienced between 2003 and 2007. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver increased 119.5 per cent in August 2009 to 3,441 fro ...
A continued increase in buyer activity over the last four months has resulted in increased home sales and lessened the downward pressure on housing prices in Greater Vancouver. The Real Estate Board of Greater Vancouver (REBGV) reports that the number of residential property sales in Greater Vancouver totalled 3,524 in May 2009, an increase of 17.4 per cent from the 3,002 sales recorded in M ...
Vancouver, BC - May 26, 2009. As part of its Spring 2009 Housing Forecast, the British Columbia Real Estate Association (BCREA) reported today that housing market conditions have improved more rapidly than expected. As a result, BCREA has revised its home price forecast upwards, reflecting greater price stability through the balance of the year. The average Multiple Listing Service® (MLS®) re ...