May 2022

Here are 7 strata terms you should know

Posted on May 25, 2022 in Buying Your Home

One third of BC residents live in a strata home, whether it’s a condo, townhouse, or multi-plex unit.

Strata homes are usually more affordable than their single-family counterparts. They can also lessen the burdens of home ownership, with strata residents sharing responsibilities for things like maintenance, snow shoveling, and security. And while t...

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BC Home Sales Trending Toward Normal Activity

Posted on May 12, 2022 in BC Real Estate Update

Tim Wray, BCREA

The British Columbia Real Estate Association (BCREA) reports that a total of 8,939 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in April 2022, a decrease of 34.9 per cent from a record April 2021. The average MLS® residential price in BC was $1.065 million, a 12.9 per cent increase from $943,765 recorded in April 202...

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Housing Market Update for April 2022 (Video)

Posted on May 09, 2022 in Market Insights Videos

Here's Daniel John's summary of the April 2022 housing market statistics.

Home buyer demand in Metro Vancouver returned to more historically typical levels in April.

"Over the last two months, we’ve seen home sales ease down from the record-breaking pace of the last year," said Daniel John, REBGV Chair.

"While still a small sample size, the return to...

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Metro Vancouver home sales return to more traditional levels in April

Posted on May 03, 2022 in Vancouver Update

Home buyer demand in Metro Vancouver* returned to more historically typical levels in April.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,232 in April 2022, a 34.1 per cent decrease from the 4,908 sales recorded in April 2021, and a 25.6 per cent decrease from the 4,344 homes sold in...

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