Summary BC’s foreign buyers’ tax has had an adverse effect on the percentage sale and percentage monetary sales of Chinese agents selling properties to Chinese nationals The share of monetary sales of Chinese agents declined drastically with respect to single family homes, as opposed to condos, following the implementation of the foreign buyers’ tax. […]
The Best Strategy to Sell Houses in Greater Vancouver Summary Agents should stick within a 14km operation distance for optimal home-sale results. Agents should also look at different sub-areas within that 14km radius For real estate agents, the question of where to choose and activate seems to come up all the time. Arguments for both […]
Sales of Homes 5 Years or Older Have Increased Since Outbreak Summary Sales of older homes (more than 5 years old) have increased in the Great Toronto Area (GTA) since mid-March Average price per-square-foot of older attached properties (townhomes and condos) have jumped since March 15 Sales of detached homes with 3-bedroom and more declined […]
A world-class city doesn’t attract millions of residents and global notoriety by accident. Toronto, the most populous city in Canada and fourth-largest in North America, has earned its place as one of the world’s ten-most liveable cities by fostering a safe and stable environment, with relatively easy access to education and healthcare — not to […]
Vancouver Apartments Took Twice As Long to Sell During Covid – Demand is shifting to detached in the Chilliwack area – UBC Study finds Summary Attached homes, particularly in the non-luxury segment, are taking more than twice as long to sell as social distancing has made accessing apartments for viewings more difficult The average times […]
Summary The overall cost per square foot of apartments in downtown Vancouver has remained fairly stable since 2019 West Cordova Street in Coal Harbour remains the most expensive area in Downtown Vancouver, with prices ranging from $1,500 – $2,500 per sq.ft. The most affordable area is in the Downtown Eastside along Main, where apartments cost […]
Summary Apartment buyers in the Greater Vancouver area are exhibiting an increased willingness to pay for an apartment in 2020. Buyers in 2019 paid, on average, 5.2 percent below assessed value for an apartment, while buyers in 2020 are willing to pay an average of 4.4 percent above assessed value The Covid-19 lockdown has not […]
COVID-19 forced a drop in sales for Greater Vancouver condos, according to a new data report by Roomvu and UBC Economist. Vancouver, BC, Canada – May 21, 2020 — The current COVID-19 pandemic hit Greater Vancouver’s real estate market hard, with sales activity virtually disappearing overnight starting in mid-March. The slow sales activity is a […]
Prior to the COVID-19 outbreak, only 24% of residential listings used links to virtual tours. After the pandemic’s initial impact 43% of listings relied on the use of virtual tours — and that number continues to grow. KEY FINDINGS: Pre-COVID-19, 24% of listings linked to some kind of virtual tour, this jumped to 43% after […]
Key Takeaways Many experts say there is cause for optimism in the real estate market once the COVID-19 pandemic subsides. Some of the factors experts point to are: Strong financial foundation for current housing market thanks to changes made after the 2008 recession Americans cashed out $824 billion in home equity in the three years […]
