Month: July 2021
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Metro Vancouver detached market sees a shift as buyers drop out faster than sellers
Metro Vancouver single family detached home market appears to be heading towards a balanced market as the number of sales decreases faster than the number of listings. The sales to new listings (SNL) ratio for detached currently stands at 39, indicating a buyer’s market. But the shift in market sentiment still does not appear to […]
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Abbotsford Mayor sells property held through corporation after value shoots up 9-fold in one year
The Mayor of Abbotsford has sold a property in the city he held through a corporation after the assessed value of the property shot up nine-fold in a year due to a change of property use classification. HGE Investments Ltd. sold the property at 3044 Pratt Street on Jan 28, 2021 for $1.9 million after […]
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Metro Vancouver detached prices retreat from record highs
Metro Vancouver single family detached home prices retreated from record highs in June 2021, after seven months of continuous growth. The OpenHousing Home Price Index for detached properties – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – rose 10.41% year-over-year, the June month-end update shows. This represents a decrease of 1.80% […]
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