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December’s sales statistics from the Fraser Valley Real Estate Board’s Multiple Listing Service (MLS®) refl ect the real estate story of 2008: change. Sales of all property types for the year declined 30 per cent in the Fraser Valley; however,  sales for the month were down almost 50 per cent compared to December 2007 – ...

The record-breaking real estate market cycle in Greater Vancouver, longer than normal at seven consecutive years, ended in 2008 amidst global economic challenges. The change brought relief from rising prices that saw benchmark prices escalate from $357,770 for a single family detached home in December 2001 to $648,421 by December ...

Residential housing price decline creates buying opportunitiesVANCOUVER, B.C. – November 3, 2008 – Housing price reductions across Greater Vancouver over the last six months have eliminated price gains witnessed in the first quarter of 2008.The Real Estate Board of Greater Vancouver (REBGV) reports that residential benchmark prices, ...

Home prices adapt to affordability demands VANCOUVER, B.C. - October 2, 2008 - The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver declined 42.9 per cent in September 2008 to 1,585 from the 2,776 sales recorded in September 2007. New listings for detached, attached and apartment ...

Fewer Homes Being Added to the Market Vancouver, BC – September 12, 2008. British Columbia Real Estate Association (BCREA) reports residential sales dollar volume on the Multiple Listing Service® (MLS®) in BC declined 49 per cent to $2.2 billion in August, compared to August 2007. Residential unit sales were down 47 per cent to 5,175 ...

VANCOUVER, B.C. – September 3, 2008 – The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 1,568 in August 2008, a decline of 53.7 per cent from the 3,384 sales in August 2007, and a 47.7 per cent reduction from the 2,998 sales recorded in August 2006.New listings for ...

Month-over-month housing prices retreat from record highs VANCOUVER, B.C. – Aug 5, 2008 – As property listings continue to outpace sales, Greater Vancouver housing prices have drawn back, the last two months, from the record highs experienced in early 2008. Since May 2008, housing prices, as calculated by the MLSLink Housing Price ...

Market activity offers awaited relief for homebuyersVANCOUVER, B.C. – July 3, 2008 –Increased property listings and moderating home prices have eased the Greater Vancouver housing market into a buyer’s phase. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver declined ...

  Trouble ahead? Will the US economy impact our real estate market? The downturn in the US economy has some Metro Vancouver home owners and home buyers worried and asking, “Could it happen here?” The US situation Right now in the US, a combination of a housing slowdown and a credit crisis are heightening recession fears and ...

2007 residential housing sales rank second all-timeVANCOUVER, B.C. -- January 3, 2008 – Residential housing sales for 2007 are the second highest ever recorded by the Real Estate Board of Greater Vancouver (REBGV). The REBGV reports that residential attached, detached and apartment property sales totalled 38,050 between January 1 and ...