News – Vancouver Condo Report

What You See Is What You Get

Twelve months ago, MLS sales of high rise, low rise and townhouse condos had been on a steady downward trend for the previous 10 to 11 months. At the rate of decline experienced in 2012, there wouldn’t be much of a market left in 2013. As it turned out, the threat of higher mortgage rates […]

High Rise Market

MLS High rise sales in bounced back a bit in May with increases in all the major markets. Total MLS high rise sales in May are estimated to be around 445 units; up by about 100 sales from April. Year-to-date MLS high rise sales at the end of May were up by 15% from the […]

Low Rise Market

Estimated MLS low rise sales in May were 440 units. This up slightly from April but year-to-date sales are pretty much the same as they were last year at this time. Burnaby was the only market to show any significant increase in MLS low rise sales in May. Average selling price for MLS low rise […]

Townhouse Market

MLS Townhouse sales continued to make modest gains in May. Total townhouse sales were close to 485 sales which was about the same as in March. Year-to-date MLS townhouse sales as of the end of May were 11% below the same period in 2010. The increase in average MLS townhouse prices has moderated over the […]

Condos for the rest of us

If you haven’t woken up to the fact that there’s housing for the 1% and then there’s housing for the rest of us then you just haven’t woken up. The Vancouver condo market is now firmly entrenched into the “us” and “them” markets. The “them” market has managed to push Vancouver into most unaffordable city […]

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