Andreas Nystrom

604-805-1634

Finding Your Dream Home Is Just A Click Away! Search Now!

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in *Metro Vancouver reached 3,524 on the Multiple Listing Service® (MLS®) in November 2015. This represents a 40.1 per cent increase compared to the 2,516 sales recorded in November 2014, and a 3.3 per cent decrease compared to the 3,646 sales in October 2015.

 

Last month’s sales were 46.2 per cent above the 10-year sales average for the month and rank as the second highest November on record for residential property sales.

 

“November is typically one of the quietest months of the year in our housing market, but not this year,” Darcy McLeod, REBGV president said. “The ratio of sales to home’s available for sale reached 44 per cent in November, which is the highest it’s been in our market in nine years.”

 

New listings for detached, attached and apartment properties in Metro Vancouver totalled 3,392 in November. This represents a 12.5 per cent increase compared to the 3,016 new listings reported in November 2014.

 

The total number of properties listed for sale on the real estate board’s MLS® is 8,096, a 35 per cent decline compared to November 2014 and a 15.4 per cent decline compared to October 2015....

 

Read More HERE

 

 

Post CommentComments: 0Read Full Story

 

You can buy this cute little cottage in East Van for only $20,000 but there's a catch. You need to remove the house and transport it to a new location.

 

The reason for this sale is that the house currently contradicts the housing bylaws in the area. The 250 sqft house offers a really cute, urban loft style apartment that has it's own entrance and building. 

 

Check out the official add HERE

 

Post CommentComments: 0Read Full Story

 

Earlier in the month the Bank of Canada announced it's new rates, stating that "Economic recovery has not been strong enough to warrant a rate increase." The BoC decided to maintain it's 0.5% interest rate, citing economic growth is the priority.

 

The economy still continues to go through lengthy and complex adjustments. These adjustments are aided by the US recovery. The lower Canadian dollar is helping the export and non-resource sectors including real estate rise due to foreign investment. The west coast, primarily Vancouver, has seen and while continue to see a high amount of foreign Chinese investment in real estate due to the lower Canadian dollar, low interest rates and new policies for Chinese mainlanders.

 

The resource sector is still lower than expected due to the lack of business investment. Yet the labour market remains resilient at the national level.

Post CommentComments: 0Read Full Story
Blogs
Posts By Date
Categories