The Multi Listing Service home price index composite benchmark price for all residential properties in Metro Vancouver — detached homes, townhomes and apartments — is $1,044,000, a 5.8 per cent increase year-over-year and a 0.1 per cent decrease compared to October 2020. Vancouver, BC Commercial Real Estate for sale and lease Find property details and pricing for recently listed commercial real estate properties for sale and for lease in Vancouver, BC. Metro Vancouver also regulates air quality, plans for urban growth, manages a regional parks system and provides affordable housing. CMHC Vancouver forecast. If you’ve decided to buy a home, it’s important you understand all the costs involved in addition to the price you're paying for the property. But the industry group says as trends go, demand remains high, making it a sellers' market. Real Canadian Superstore, 4700 Kingsway, Burnaby: Two team members tested positive for COVID-19. Metro Vancouver is a federation of 21 municipalities, one Electoral Area and one Treaty First Nation that collaboratively plans for and delivers regional-scale services. Canada News Media provides the latest news from Canada! Safety remains the top priority for Metro Vancouver REALTORS® during today’s pandemic. Compared to November 2019, sales were up 22.7 per cent. Lougheed Village, which would create a 1,728-apartment rental complex near Lougheed Mall, is going through the City of Burnaby’s rezoning process. The nation's real estate market sales surged by 32.1% last month compared to November 2019. Colette Gerber, REBGV chair, says demand from buyers has been at "near record levels" since the summer. We reserve the right to close comments at any time. Read the Vancouver real estate: mansion once rumoured to be eyed by Prince Harry, Meghan Markle sold $27 million - Straight.com and find out a lot of new information with us. These real estate statistics are paired with rankings of all cities in the Greater Vancouver area based on home sold price, price growth, days on market, and turnover. The market saw the sale of 170 houses last month, which was the busiest month reported by any community that is a member of the Real Estate Board of Greater Vancouver (REBGV). Vancouver real estate: Downtown condo listings drop for first time in months vancouversun.com - Joanne Lee-Young. File photo by Rob Kruyt/Business In Vancouver. Loblaw Companies Ltd, the parent company of Real Canadian Superstore and Shoppers Drug Mart provided updates to its COVID-19 employee case listings on Dec. 22 and 23. (CMHC) Total housing starts — new construction — could range from 11,925 units to 17,710 units in 2020, 15,290 units to 23,475 units in 2021, and 16,050 units to 24,060 units in 2022. VANCOUVER (NEWS 1130) – With bad news about the economy due to the COVID-19 crisis coming out on an almost-daily basis, many are wondering what this all means for the real estate values in Metro Vancouver. The Metro Vancouver vacancy rate for rental housing has been less than one per cent forever, and the current average rent for a two-bedroom apartment is … Safety remains the top priority for Metro Vancouver REALTORS® during today’s pandemic. The real estate market in Maple Ridge and Pitt Meadows did nothing in October to cool down from its hot summer. The trough of Metro Vancouver’s real estate market continues to deepen, according to new data released by the Real Estate Board of Greater Vancouver. Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. BC Strata insurers to end ‘best terms pricing’, 34 ways home buyers, sellers and owners can save money. Mark Goodman of Goodman Commercial told RENX he and partner Cynthia Jagger had 23 listings … Home sales and prices in Metro Vancouver continue to rise during this fall season. Metro Vancouver real estate remains at moderate risk of price correction : CMHC. Metro Vancouver homes sales are off to the slowest year-to-date start in 33 years. The bulls have spoken on the outlook for Metro Vancouver commercial real estate – but some inconvenient data points to disruptions in its unprecedented 10-year run to become Canada’s premier commercial and industrial market.. Vancouver has the second-lowest office vacancy rate and the highest lease rates in the country. Vancouver real estate: detached homes priced below $1.5 million benchmark show some affordability left in market Vancouver real estate: mansion … The FVREB calculates the benchmark prices for the region as: To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). Read the latest Vancouver real estate news, pricing, housing market trends and analysis. Despite measures to slow the local housing market, there is more evidence it is ramping up again, and faster than anticipated. Real Estate New condo sales, starts plummet in Metro Vancouver Only two new condominium projects with 200 units launched in the six weeks ending May 15, down 75 per cent from the same period in 2019 The number of downtown Vancouver condos listed for sale, but not selling, has been on the rise for most of this past year.But after increasing … The composite benchmark price for residential properties in Metro Vancouver was just over $1 million, up 0.3 per cent from August and 5.8 per … families, as homes have suddenly become a workplace, a school, an entertainment centre and a refuge. Metro Vancouver - southwest including Richmond and Delta; Freezing levels are forecast to be low enough "to cause localized heavy wet snow to fall … Metro Vancouver, Fraser Valley remain a sellers' markets, say real estate groups. The market saw the sale of 170 houses last month, which was the busiest month reported by any community that is a member of the Real Estate Board of Greater Vancouver … National real estate market stayed red-hot in November by Neil Sharma. Mike Smyth: From boom to bust in the Metro Vancouver real estate market. Real estate roundup: Greater Vancouver, BC housing market overview Point2 gives you far more than a simple list of houses for sale. Whatever B.C.’s new government does, deflating Metro Vancouver’s obscenely bloated real estate bubble should be expected to provoke stiff, big-money resistance. The COVID-19 pandemic has altered the needs of B.C. Adding to the pressures is the increase in estate homes being built on ALR land. Furthermore, Mullinix estimates some 44,000 acres of farmable land is not in production in Metro Vancouver. Commercial real estate firms report more apartment building and development site listings year-over-year in September. While Metro Vancouver’s residential sector struggles, its commercial real estate market is holding firm, with vacancy rates extremely low, according to a monthly analysis by commercial market intelligence company CoStar Group. Innovation Series: Housing supply and affordability with UDI, Innovation Series: Changing behaviours for open houses. Comments on this story are moderated according to our Submission Guidelines. Home sales in the region for the month of November 2018 reached 1,608 units, representing a 42.5% decrease from the same period in 2017 and an 18.2% decrease compared to October 2018. The Real Estate Board of Greater Vancouver says November home sales were down from October - but still well above this time last year, as the market catches up to the effects of COVID-19. "Since the summer, we've seen the strongest demand in our board's 99 year history, specifically for single-family detached and townhomes,". Is B.C. 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