Housing Market News

Sellers and Buyers have gradually become more active with each month passing from the mid March COVID-19 news. In fact, June home sales and listing activity in Metro Vancouver have returned to historically typical levels.

Recapping this last month of May 2020 in Vancouver real estate, we see that it has performed substantially in the same manner as the month previously – April 2020 – with a slight price increase of 1.4% and a 2.9% increase compared to last year May 2019.

February detached house sales on the Westside, at 62 transactions, were up 21.6% from February 2019 and the highest for any month since November of last year.

Faith Wilson Group’s exclusive and comprehensive Market Analyses for Q4 of 2019 have arrived. Our team does the research and produces reports for 8 Lower Mainland areas (inclusive of 170 + neighbourhoods) + the Vancouver Condo Report. Providing the market’s pricing for each type of home within its neighbourhood, and the market activity within its […]

Westside detached house sales in November were up 32.7% from November 2018 to 65, reflective of a year-over-year increase in detached house sales seen right across Metro Vancouver, which experienced a near 60% rise in transactions.

The pent-up demand in Vancouver’s housing market has been building for months and after beginning to release this summer it virtually burst in October with a 45 per cent surge in overall sales compared to a year earlier across Greater Vancouver.

Detached housing sales increased 53.5% across Greater Vancouver in September compared to the same month a year earlier and the Westside shared in the increase with a 30.6% surge…

Nine detached houses sold for less than $2 million each on the Westside of Vancouver in August, but the biggest news is likely that the erosion in benchmark prices in the prestigious market is apparently winding down. As of August, six of the 18 Westside neighbourhoods…

From the Globe & Mail. The interest rate used in Canada’s mortgage stress tests has fallen for the first time since 2016, making it slightly easier to become a homeowner. The mortgage qualifying rate dropped to 5.19 per cent from 5.34 per cent, where it had been locked since May of 2018, according to new […]

Our exclusive monthly analysis is the most comprehensive report of its kind. Featuring statistical analysis and thoughtful insight for 3 property types (Single Family Detached, Townhouses and Condos) across all Vancouver, North Vancouver, West Vancouver, Richmond, Burnaby & New West, Tri-Cities and South Surrey & White Rock MLS® areas, it is a must-read for anyone […]