
Market update

Canada’s federal housing agency says it expects the housing market to recover in the next two years after declines in home building, sales and prices. Home prices are expected to start growing in 2020 and 2021 to raise the average price above the 2017 peak.Go to article
Home buyer demand has returned to more historically typical levels in Metro Vancouver over the last three months.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,333 in September 2019, a 46.3 per cent increase from the 1,595 sales recorded in September 2018, and a 4.6 per cent increase from the 2,231 homes sold in August 2019.
Last month’s sales were 1.7 per cent below the 10-year September sales average.