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Rennie & Associates Realty

Holsen Chang - Real Estate Professional

MARKET NEWS
 
 
 
 
Real Estate Board of Greater Vancouver News
Home seller supply grows as demand declines

With home sale activity dipping below long-term historical averages, the supply of homes for sale in Metro Vancouver* reached a three-year high in June.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,425 in June 2018, a 37.7 per cent decline from the 3,893 sales recorded in June 2017, and a 14.4 per cent decrease compared to May 2018 when 2,833 homes sold.

Last month’s sales were 28.7 per cent below the 10-year June sales average.

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Commercial real estate sales down from robust 2017 activity

Commercial real estate sales in the Lower Mainland declined in the first quarter (Q1) of 2018 compared to the active market experienced in the region last year.

There were 523 commercial real estate sales in the Lower Mainland in Q1 2018, a 10.8 per cent decrease over the 586 sales in Q1 2017, according to data from Commercial Edge, a commercial real estate system operated by the Real Estate Board of Greater Vancouver (REBGV).

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REALTORS® encourage property buyers and sellers to understand new real estate rules

New real estate rules took effect today that will change the way REALTORS® and their clients work together.

Specifically, the new rules will prohibit the practice of limited dual agency and require real estate licensees in BC to provide additional information to their clients about how they’re compensated.

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REALTORS® encourage property buyers and sellers to understand new real estate rules

New real estate rules took effect today that will change the way REALTORS® and their clients work together.

Specifically, the new rules will prohibit the practice of limited dual agency and require real estate licensees in BC to provide additional information to their clients about how they’re compensated.

More...
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.

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Vancouver Sun - West Coast Homes
Highrise from Onni a first for Port Coquitlam
New ‘suburbia’ features affordable and sustainable housing close to shops, dining and transit
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Souvenir Style
Bring home only the useful and the beautiful
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Condominiums that will meet LEED homes’ green-building standards
Brentwood Bay on Saanich Inlet priced to reflect recessionary building-expenses
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Raven Woods to grow by 100 households
Five-storey Destiny addition to North Vancouver community a promise of glass-house-in-the-forest residency
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Why a ‘James’ might be in your future
Builders and their brokers put a lot of thought into the names of their buildings
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NPL Homes top stories
The might of white: Decor without the colour wheel
Jeffrey Fisher: I often dream of one day living in a room void of colour. Maybe we all do. Whenever I come across pictures of mostly white rooms in magazines or on websites, I stare at them as if they hold the answers to a better life
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Mike Holmes: Radon makes a comeback
Most people are scared of radon. The truth is not a lot of people know what it is. They usually think it’s a soil problem. But it’s actually a gas problem
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Home of the Week: Live luxuriously in the Annex
When you’re lucky enough to be friends with a designer who also happens to be the design editor of House & Home magazine, it’s no wonder your house looks like it’s fit for the pages of a magazine
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Outtakes from Downton Abbey, the real story
Was there a real, conniving Thomas the footman? 'Oh, I think there were several,' says the Countess. Juicy bits from Post Homes editor Shari Kulha's visit to Highclere Castle
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On the Homestead: Delivery ward open for business
New kid on the block! Our weekend farmer, Diane Doiron, has photographed a human birth, but has never had a hand in birthing goats — until now
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