Month: March 2020

Featured

“Seller lives overseas” – Five in six Westbank Vancouver House units on market empty

Five in six condo units at Westbank’s recently completed Vancouver House currently on the market are unoccupied and some sellers are overseas, sales listings show. Out of the 18 listings currently on the market, only three are listed as being occupied, and listings for some empty units indicate that the seller is overseas. These figures […]

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Metro Vancouver detached home prices falling sharply in March

Growing fears of an unprecedented global economic crash is sending Metro Vancouver detached house prices tumbling in March. The OpenHousing House Price Index for detached properties – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – fell 7.09% year-over-year, the March preliminary month-end update shows. The 6.49% contraction from February means the […]

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Metro Vancouver townhouse prices fall in February

Metro Vancouver townhouse prices fell again in February 2020, recording the largest price drop among residential property types tracked by OpenHousing. The OpenHousing House Price Index for townhouse properties – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – fell 7.37% year-over-year, the February preliminary month-end update shows. Here’s what townhouse sales […]

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Metro Vancouver condo prices slide in February

Metro Vancouver condo prices fell again in February 2020 as the growing condominium insurance crisis appears to put pressure on prices. The Open House House Price Index for condo properties – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – fell 5.36% year-over-year, the February preliminary month-end update shows. Here’s what condo […]

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Featured

Metro Vancouver detached prices fall in February

Metro Vancouver detached home prices fell again in February despite an increase in sales compared to February 2019. The Open House House Price Index for detached properties – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – fell 2.45% year-over-year, the February preliminary month-end update shows. Here’s what detached sales looked like […]

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