June 2018

Mortgage Policy Changes Hit Affordability Hard

Posted on Jun 16, 2018 in BC Real Estate Update

Tim Wray, RE/MAX, Vancouver Real Estate, BCREA

The British Columbia Real Estate Association (BCREA) reports that a total of 8,837 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in May, a 28.7 per cent decrease from the same month last year. The average MLS® residential price in BC was $739,783, down 1.7 per cent from May 2017. Total sales dollar...

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Housing Market Update for May 2018 (Video)

Posted on Jun 13, 2018 in Vancouver Market Videos


Whether you are looking to buy, sell or learn more about the market changes, call / text me on (604) 781-5692 or send an email to tim@timwray.ca to get the answers you need.

My business grows by building trust and strong client-focused relationships. I would welcome the opportunity to help you achieve your real estate goals.

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SnapStats Market Update Video - May 2018

Posted on Jun 07, 2018 in SnapStats Videos


Whether you are looking to buy, sell or learn more about the market changes, call / text me on (604) 781-5692 or send an email to tim@timwray.ca to get the answers you need.

My business grows by building trust and strong client-focused relationships. I would welcome the opportunity to help you achieve your real estate goals.

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Reduced demand is allowing housing supply to accumulate

Posted on Jun 04, 2018 in Vancouver Update



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...

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