Found 4 blog entries tagged as pinpoint listings.

Competition among buyers in Metro Vancouver’s housing market heats up as summer arrives

While the year started slower than usual, Metro Vancouver’s housing market is showing signs of heating up as summer arrives, with prices increasing for the sixth consecutive month. 

“Back in January, few people would have predicted prices to be up as much as they are – ourselves included,” the REBGV’s director of economics and data analytics said. “Our forecast projected prices to be up modestly in 2023 by about two per cent at year-end. Instead, Metro Vancouver home prices are already up about six per cent or more across all home types at the midway point of the year.” 

SALES TO ACTIVE LISTINGS RATIO
Across all detached, attached and apartment property…

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Discover a family-friendly paradise in The Loop, an exceptional community developed by Gramercy Development in South Surrey. Here, you'll find the perfect blend of convenience, comfort, and countless activities for your entire family to enjoy. From sprawling parks and playgrounds to vibrant community events, The Loop offers an unrivalled lifestyle that caters to every member of your family.

The Loop offers 2, 3 & 4-bedroom townhomes in a lush, tree-filled setting. When you step inside a Gramercy home, know that every element has been designed around you, around how you live and move. Imagine stepping out of your front door and being surrounded by beautifully landscaped green spaces, perfect for picnics, outdoor games, and leisurely strolls.…

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PRICES CONTINUE RISING ACROSS METRO VANCOUVER AS HOME BUYER CONFIDENCE RETURNS

With listing activity remaining below historical norms, home sales in Metro Vancouver have mounted a surprising comeback, rising near levels seen last spring, before eight consecutive interest rate hikes eroded borrowing power and brought home sales activity down along with it. “The fact we are seeing prices rising and sales rebounding this spring tells us home buyers are returning with confidence after a challenging year for our market, with mortgage rates roughly doubling,” Lis (the REBGV Director of Economics) said. “The latest MLS HPI® data show home prices have increased about [5%] year-to-date, which already outpaces our forecast of [1-2%] by…

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Based on BCREA's housing forecast for the second quarter, the housing market in BC is not doing well and is currently at a low-activity state. There are fewer sales and listings than usual. This has caused home prices to adjust after the sharp rise in interest rates with home sales starting the year down 50% from last year and still about 25% lower than usual. This may also affect the new home construction market, but long-term population growth is expected to keep housing starts higher than normal.

When the housing market is slow, people usually spend less money on home-related things like furniture and appliances. However, in British Columbia, retail sales have remained steady, possibly because people have been spending less for the past two years.

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