Call to Borrow Garage Sale Signs
Condominiums and townhomes in high demand across Metro Vancouver

Residential property sales in the region totalled 3,553 in April 2017, a 25.7 per cent decline compared to April 2016 when 4,781 homes sold and a 0.7 per cent decrease from the 3,579 sales recorded in March 2017.

 

For the first four months of the year, condominium and townhome sales have comprised a larger percentage of all residential sales on the Multiple Listing Service® (MLS®) in Metro Vancouver. Over this time, they've accounted for 68.5 per cent, on average, of all residential sales. This is up 10 per cent from the 58.2 per cent average over the same period last year.

 

"Our overall market is operating below the record-setting pace from a year ago and is in line with historical spring levels. It's a different story in our condominium and townhome markets," Jill Oudil, Real Estate Board of Greater Vancouver (REBGV) president said. "Demand has been increasing for months and supply is not keeping pace. This dynamic is causing prices to increase and making multiple offer scenarios the norm."

 
 
Here is information on sales volumes and new & active listings for detached homes. Information on your area is also available. Please call or email to request.
   
* Note: This representation is based in whole or in part from data generated by the REBGV, while it is deemed to be accurate the REBGV assumes no responsibility for its accuracy.
Mortgage Information

First
Mortgages

Term
Rate
6 months
3.10 %
1 Year
2.29 %
2 year
2.14 %
3 Year
2.34 %
5 Year
2.49 %
7 Year
3.09 %
10 Year
3.69 %
Rates are subject to change, for a current rate quote contact:

Kevin Oake
koake@dominionlending.ca
Your Trusted Mortgage Specialist
Dominion Lending Centers
www.kevinoake.ca
604-816-6242 


Barrie Seaton
Royal LePage West Real Estate Services