My Blog - News, Updates and Statistics 

November Home Sales Second Strongest on Record

(December 14, 2015, posted in BCREA Monthly Update)

BCREA, Tim Wray, Prompton Real Estate ServicesThe British Columbia Real Estate Association (BCREA) reports that a total of 8,032 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November, up 34.5 per cent from the same month last year. Total sales dollar volume was $5.38 billion, up 56.4 per cent compared to the previous year. The average MLS® residential price in the province rose to $668,317, up 16.3 per cent... read more.

Housing Market Update for November 2015 (Video)

(December 11, 2015, posted in REBGV Market Update Videos)


How does this latest information effect your plans to buy or sell your property? The key to a successful real estate experience is knowing and understanding the detail behind the headlines for your city, neighbourhood, street and property type.

Please call or email me with any questions that you may have after watching this video. I'd be happy to help you plan your next steps.

My business grows by b... read more.

Canadian Government Change to Minimum Down Payment on Insured Mortgages

(December 11, 2015, posted in Forecasts and Economic Update)



Policy Change

The Canadian government announced today that it is increasing the minimum down payment on insured mortgages from 5 per cent to a two tiered system under which the minimum down payment on houses priced above $500,000 will remain at 5 per cent, but there will be an additional 10 per cent required on the portion of the house price above $500,000.

As an example, for a house priced at $700... read more.

SnapStats Market Update Video - November 2015

(December 04, 2015, posted in SnapStats Market Update Videos)


My business grows by building strong client focused relationships. I would welcome the opportunity to answer any questions about the real estate market that you may have.

If you would like to find out how much your home is worth in today's market, to discuss listing your home or buying a new home, please contact me on (604) 781-5692 or via email - tim@timwray.ca

SnapStats Market Speedo Infographic - November 2015

(December 04, 2015, posted in SnapStats Market Speedo Infographic)

Housing demand remains strong despite diminishing supply

(December 02, 2015, posted in REBGV Market Update)



Home sales reached near record levels in November even as home listings began the traditional year-end decline.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver reached 3,524 on the Multiple Listing Service® (MLS®) in November 2015. This represents a 40.1 per cent increase compared to the 2,516 sales recorded in November 2014, and a 3.3 p... read more.

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