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METRO VANCOUVER NOVEMBER 2019 MARKET HIGHLIGHTS

Metro Vancouver home sales return to historically typical levels

After a quieter first half of 2019, home buyer activity has returned to more historically typical levels in Metro Vancouver*.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,498 in November 2019, a 55.3 per cent increase from the 1,608 sales recorded in November 2018, and a 12.6 per cent decline from the 2,858 homes sold in October 2019.

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UNUSUAL END-OF-YEAR DEMAND FOR FRASER VALLEY REAL ESTATE

SURREY, BC – A combination of unseasonably high demand and declining supply reinforced Fraser Valley’s real estate market in November.

The Fraser Valley Real Estate Board processed 1,405 sales of all property types on its Multiple Listing Service® (MLS®) in November, an 11.7 per cent decrease compared to sales in October 2019, and a 36.7 per cent increase compared to the 1,028 sales in November of last year.

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FRASER VALLEY MARKET SEES TYPICAL SPRING INCREASE IN MARCH SALES

SURREY, BC – Last month, buyers in the Fraser Valley took advantage of the continued stability in home prices and the highest inventory levels for March since 2015.

The Fraser Valley Real Estate Board processed 1,221 sales of all property types on its Multiple Listing Service® (MLS®) in March, a 24.3 per cent increase compared to sales in February 2019, and a 26.6 per cent decrease compared to the 1,664 sales in March of last year. Of the 1,221 total sales, 462 were residential detached homes, 300 were townhouses, and 346 were apartments. This was the lowest sales total for the Board during March since 2013.

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8 THINGS YOU SHOULDN’T DO IF YOU ARE READY TO APPLY FOR A MORTGAGE!

Congratulations! You want to buy your dream home and ready to apply for a mortgage. You are undoubtedly excited to start the process! But before you make any big purchases, move any money around, or make any great life changes, consult with your mortgage advisor. They will be able to tell you how your future decisions will impact your home loan.

Below is a list of 8 Things You Shouldn’t Do If You Are Ready to Apply for a Mortgage! Some may seem obvious, but some may not!
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