BC Real Estate

Market Update from the Real Estate Board of Vancouver: Reduced demand is allowing housing supply to accumulate Home buyer demand continues to decline across the Metro Vancouver housing market.... The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,833 in May 2018, a 35.1 per cent decrease from the 4,364 sales recorded in May 2017, and a 9.8 per cent increase compared to April 2018 when 2,579 homes sold. Last month’s sales were 19.3 per cent below the 10-year May sales average. With fewer homes selling today compared to recent years, the number of homes available for sale is rising, Phil Moore, REBGV president said. The selection of homes for sale in Metro Vancouver has risen to the highest levels we’ve seen in the last two years, yet supply is still below our long-term historical averages.

May 2018 Market Statistics for Vancouver.. prices are levelling off!

"Surrey is growing fast, with over 800 new residents moving to the city every month. The population is projected to increase by an additional 250,000 people in the next 30 years. By 2041, Surrey will likely be the biggest city in B.C."

B.C. cities ranked in order of potential for housing market strength over the coming five-year period: Surrey Abbotsford New Westminster... Victoria Kamloops Kelowna Chilliwack The Tri-Cities of Coquitlam, Port Coquitlam and Port Moody Burnaby Vancouver Source: Top 10 Towns and Cities British Columbia (REIN Canada)

Surrey is home to BC's third largest tower. Anita Huberman, CEO of the Surrey Board of Trade, said the Surrey tower will be an icon for the city. It’s on the transit line, it’s going to be a place where we can have advanced corporate events, where people can enjoy music, it is going to be a place where businesses, community organizations, everyone can get together. It’s going to be a focal point for Surrey, with the library, with city hall, and it’s all part of the revitalization of city centre.

Todd Talbot's home is listed for $2.4 million and it looks well worth it.

Interesting new development proposed at Burrard and Nelson in partnership with the First Baptist Church of Vancouver.