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Greater Vancouver December home sales surge 88 per cent year-over-year

Real estate sales were brisk in December, according to the Real Estate Board of Greater Vancouver (REBGV). In what may be an encouraging sign to homeowners concerned about dips in their recent provincial property assessments, the agency says December sales were 9.5 per cent above the 10-year average, and a whopping 88.1 per cent up year-over-year. READ MORE: Metro Vancouver real estate rebound levels off, prices hold flat in November The REBGV also confirmed Friday what most homeowners already know: 2019 was a weak

Vancouver Island 2020 Property Assessments in the Mail

VICTORIA — In the next few days, owners of more than 374,600 properties throughout Vancouver Island can expect to receive their 2020 assessment notices, which reflect market value as of July 1, 2019. “The market has stabilized in most areas of Vancouver Island this year,” says Vancouver Island Assessor Tina Ireland. “In the south part of Vancouver Island, the majority of residential property values are moving -5% to +5%, while up island the value increases are a little higher.  The commercial and

Real Estate Board of Greater Vancouver: Housing sales up 45.4 percent in October over same month last year

The Real Estate Board of Greater Vancouver is reporting a “fall pickup” in home sales. According to the REBGV, a total of 2,858 homes were sold in October 2019, a 45.4 percent increase from transactions recorded in the same month last year. Compared to home sales in September this year, last month’s record represents a 22.5 percent increase. The REBGV also noted in a media release Monday (November 4) that the October 2019 activity was 9.8 percent above the 10-year October

Metro Vancouver home prices slide again, April sales 43% below 10-year average

Editor’s note: A previous version of this story incorrectly used some numbers from March’s real estate data In yet another sign of Metro Vancouver’s cooling real estate market, regional sales dipped in April to more than 43 per cent below the 10-year sales average. According to the Real Estate Board of Greater Vancouver (REBGV), there were 1,829 residential sales in April, down 29.1 per cent from April 2018. READ MORE: Metro Vancouver home prices dip again in March, sales at historic low:

Rally against housing unaffordability on Vancouver’s ‘Billionaire’s Row’

A group of activists descended on an exclusive street in Vancouver’s Point Grey neighbourhood Saturday to protest wealth inequality in the city and a housing crisis that has left many struggling to put a roof over their head. A surge in real estate wealth over the past decade has made those who live on Belmont Avenue the owners of some of the most expensive properties in British Columbia. The 10 most expensive homes on one block alone add up to a

Federal budget includes first-time buyer incentives

by Jordan Press OTTAWA _ On the eve of a federal election this fall, the Liberal government is looking to help more Canadians buy their first homes by picking up a portion of their mortgage costs and increasing the amount they can borrow from their retirement savings for a down payment. Helping people enter the housing market has been a growing preoccupation for the Liberals ever since they were elected in 2015, with soaring real-estate prices in some of Canada’s largest