Call to Borrow Garage Sale Signs
Metro Vancouver housing market off to a quieter start than last year

Home sales and listings trends are below long-term averages in the Metro Vancouver* housing market. This is due largely to reduced activity in the detached home market.

 

Residential property sales in the region totalled 1,523 in January 2017, a 39.5 per cent decrease from the 2,519 sales recorded in January 2016 and an 11.1 per cent decrease compared to December 2016 when 1,714 homes sold.

 

"From a real estate perspective, it's a lukewarm start to the year compared to 2016," Dan Morrison, Real Estate Board of Greater Vancouver (REBGV) president said. "While we saw near record-breaking sales at this time last year, home buyers and sellers are more reluctant to engage so far in 2017."

 
 
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