Vancouver, BC –  January 15, 2024. The British Columbia Real Estate Association (BCREA) reports that 73,109 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2023, a 9.2 per cent decline from 80,506 units sold in 2022. The annual average MLS® residential price in BC was $971,144, a 2.6 per cent decrease from $996,943 recorded the previous year. Total sales dollar volume was $71 billion, an 11.5 per cent decline from 2022.
“The highest mortgage rates in over 15 years led to the slowest sales in a decade for BC,” said BCREA Chief Economist Brendon Ogmundson. “With mortgage rates falling to start the year and the potential for Bank of…

110 Views, 0 Comments

Real estate in Vancouver has always been a hot topic, with its dynamic market and breathtaking scenery. As the demand for properties continues to soar, investors are on the lookout for hidden gems that promise great returns. In this guide, we'll navigate the intricacies of Vancouver's real estate landscape, exploring the roadmap to finding undervalued properties that could be your next lucrative investment.

Understanding the Vancouver Real Estate Landscape

Before diving into the quest for undervalued properties, it's essential to grasp the current trends and challenges shaping Vancouver's real estate market. The city's geographical constraints, coupled with economic factors, contribute to the ebb and flow of property values. Acknowledging these…

158 Views, 0 Comments

Welcome to the dynamic world of Vancouver real estate, where trends are evolving rapidly, shaping the landscape for the next decade. In this article, we'll explore the key factors influencing the market, from population growth to technological advancements, and everything in between.

Population Growth Driving Demand

Vancouver's real estate market is closely tied to its growing population. As more people choose this vibrant city as their home, the demand for housing continues to rise, significantly impacting property values.

Sustainability and Green Living

The shift towards sustainability is transforming Vancouver's real estate scene. Green building certifications are not just a trend but a significant factor influencing property values. Buyers…

143 Views, 0 Comments

Real estate in Vancouver presents a unique set of challenges for homebuyers, with a market that can be both perplexing and bursting with opportunities. In this article, we'll explore the intricacies of the Vancouver real estate market and unveil the strategies to not just navigate it but beat it. Whether you're a first-time buyer or a seasoned investor, finding the right realtor can make all the difference.

Vancouver's real estate market is renowned for its competitiveness and dynamic nature. As a homebuyer, it's crucial to understand the challenges you may face and how a skilled realtor can be your secret weapon.

Understanding the Vancouver Real Estate Market

Before diving into strategies, it's essential to grasp the historical trends, market…

104 Views, 0 Comments

Welcome to the bustling world of Vancouver real estate, where opportunities abound for savvy investors. In this comprehensive guide, we'll navigate the ins and outs of the Vancouver real estate market, providing you with valuable insights and strategies to make informed investment decisions.

Current Trends in Vancouver Real Estate

The Vancouver real estate landscape is ever-evolving, influenced by various factors such as economic conditions, population growth, and market demand. Understanding the current trends is crucial for investors seeking long-term success.

Why Vancouver?

Vancouver stands out as a prime location for real estate investment due to its unique blend of urban sophistication and natural beauty. The city's strong economy,…

114 Views, 0 Comments

Vancouver’s West End is not just a neighborhood; it's a lifestyle. As the real estate market in the area continues to thrive, let's delve into what makes this part of Vancouver so immensely desirable for homebuyers and investors alike.

Historical Significance

The roots of the West End run deep, tracing back to its historical significance and development. From its humble beginnings, this neighborhood has evolved into a cultural and architectural gem, attracting those who appreciate its rich heritage.

Geographical Advantages

Nestled conveniently close to downtown Vancouver, the West End offers more than just proximity. Residents enjoy easy access to parks, beaches, and recreational areas, making it a haven for those seeking a perfect blend of…

766 Views, 0 Comments


Today's StatsCanada Labour Force Survey for December was a mixed bag and far more robust than the weak headline figure suggests. Total employment in Canada barely budged, rising by a mere 100 jobs in the final month of last year. However, the labour force participation rate fell, leaving the unemployment rate at 5.8%. Most economists had been expecting considerably more robust job growth and a rising unemployment rate.

Canada has one of the world's fastest-growing populations owing to high immigration levels. However, employment growth has been slower than labour force growth in recent months.

The employment rate--the proportion of the working-age population with jobs--trended downward in 2023 among core-aged men and women (aged 25 to 54).

The…

135 Views, 0 Comments

Welcome to the bustling real estate market of Vancouver, where finding your dream home might seem like a challenging quest. Fear not! In this guide, we'll walk you through the ins and outs of navigating Vancouver MLS listings to secure the home of your dreams.

Understanding Vancouver MLS Listings

Before diving into the house-hunting process, it's crucial to understand the role of Vancouver MLS listings. The Multiple Listing Service acts as a comprehensive database of available properties, providing homebuyers with a centralized platform to explore options. Navigating through the MLS system might seem overwhelming at first, but with the right approach, you can make it work in your favor.

Setting Your Homebuying Goals

When embarking on the…

116 Views, 0 Comments

Fraser Valley closes out 2023 with lowest annual sales recorded in 10 years.

High interest rates kept a lid on sales and listings in the Fraser Valley in 2023, while holding year-over-year price growth to low single digits.

The Fraser Valley region ended the year with 14,713 sales recorded on its Multiple Listing Service® (MLS®), a decline of four per cent over 2022 and 23 per cent below the 10-year average.

New listings in the Fraser Valley were also at a 10-year low, at 29,610, eight per cent below the 10-year average. The composite Benchmark home price in the Fraser Valley closed the year at $988,900, down six per cent from its 2023 peak in July, but up on the year by five per cent.

“Back-to-back mid-year interest rate hikes slowed…

205 Views, 0 Comments

As the real estate market in Vancouver continues to evolve, one trend stands out prominently - the growing demand for condominiums. In this article, we'll delve into the reasons why Vancouver condos are currently the hottest properties in the real estate market.

Vancouver's Thriving Economy

Vancouver's robust economy plays a pivotal role in driving the demand for real estate. The city's economic prosperity not only attracts businesses but also fuels the desire for luxurious living spaces.

Desirable Location and Scenic Views

Situated on the west coast, Vancouver offers a picturesque backdrop that few cities can match. The combination of a prime location and stunning views has significantly contributed to the popularity of condos in the area.

104 Views, 0 Comments