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Jag Bhangav

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July 2019 Market Update

 

Greater Vancouver home sales lowest June on record in nearly 20 years

Home sales are down across the Lower Mainland and for the first time in three years the composite benchmark price of a home in Metro Vancouver is below $1 million.

Both the Real Estate Board of Greater Vancouver (REBGV) and the Fraser Valley Real Estate Board (FVREB) reported lower than average sales for the month of June. In Greater Vancouver, June sales were the lowest reported since 2000 and in the Fraser Valley they were the second lowest in the same time frame.

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Click the link below to view the monthly market statistics for your area in an easy to understand infographic. Listings, sales and prices are summarized for condos, townhomes and single family homes in cities across BC.

 

Abbotsford

Bowen Island

Burnaby East

Burnaby North

Burnaby South

Cloverdale

Coquitlam

Kelowna

Ladner

Langley

Maple Ridge

Mission

Nanaimo

New Westminster

North Delta

North Surrey

North Vancouver

Parksville

Pitt Meadows

Port Coquitlam

Port Moody

Richmond

South Surrey/
White Rock

Squamish

Sunshine Coast

Surrey - Central

Tsawwassen

Vancouver - East

Vancouver - West

Victoria

Vernon

West Vancouver

Whistler

Three B.C. road trips for great summer getaways

British Columbia is a vast playground of incredible destinations to explore, and summer is the best time to do it. Whether you crave an island, mountain or valley adventure, B.C.'s got you covered, starting with these three quick road trips from Vancouver.

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B.C. Real Estate News

LOWER MAINLAND

Metro Vancouver's June home sales lowest since Y2K, benchmark price drops below $1M (Global News)

Hong Kong crisis could lead to a big resurgence in Vancouver's housing market (Daily Hive)

Political unrest in Hong Kong is bad news for Vancouver millennials (Mortgage Broker News)

Where to buy in a cooling housing market? New Westminster is a good bet, report says (CBC News)

VICTORIA & VANCOUVER ISLAND

Victoria real-estate sales up over last year for second month (Times Colonist)

Real estate spring market ends with a 'whimper' in Greater Victoria (Saanich News)

Victoria to consider rental-only zoning protection for over 500 properties (Global News)

Stress test pressuring real estate market (My Comox Valley Now)

OKANAGAN

Kelowna's real estate reverb (Castanet)

Development in Kelowna setting all-time records (Real Estate News EXchange)

 
 

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