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Metro Vancouver median townhouse price down 5.7% from peak

The median sales price for Metro Vancouver townhouses is down 5.7% so far in May from the February 2022 peak. The median sales price for Metro Vancouver townhouses currently stands at $990,000. It peaked at 1,050,000 in February 2022. The median sales price for Vancouver townhouses dropped 21% to $1,180,000 from the February 2022 peak […]

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Vancouver townhouse sells for 38% below 2015 bought price

A townhouse in Vancouver’s rapidly changing Oakridge neighbourhood has sold for 38% below what the seller paid for it in 2015. The seller bought 6022 Oak Street in July 2015 for $1,346,800. The two-bedroom four-bathroom townhouse was put on the market in January of this year for $1,828,800. The 1783-square-foot unit finally sold last week […]

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Metro Vancouver median detached home price down 7.2% from peak

The median sales price for Metro Vancouver detached homes is down 7.2% so far in May from the February 2022 peak. The median sales price for Metro Vancouver detached homes currently stands at $1,800,000. It peaked at $1,940,000 in February 2022. The median sales price for Vancouver detached homes dropped 9.6% to $2,400,000 from the […]

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Shrinkflation: Vancouver apartments shrunk over the decades even as prices skyrocketed

By Rohana Rezel Vancouver’s real estate market is famous, or infamous, for its seemingly unstoppable rise in home prices over the last two decades. Metro Vancouver’s apartment prices have risen by a whopping 375% between 2002 and 2022. While the prices of apartments are growing at breakneck speeds, the apartments themselves are shrinking. We analyzed […]

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At least 40% of Airbnb listings violate Vancouver bylaws

By Rohana Rezel Our scan of Airbnb listings carried out during the first week of May 2022 shows that at least 894 of the 2,212 short-term (less than 30 nights) accommodation listings on Airbnb are in breach of one or more of the City of Vancouver short-term rental bylaws. Summary Visible Number of Airbnb Listings […]

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Metro Vancouver townhouse market slows down in April

Metro Vancouver townhouse market activity slowed down in April, with prices coming off record highs as sales fell in the segment that has shown the biggest gains during the pandemic housing boom. The OpenHousing Home Price Index for townhouse properties – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – rose 7.13% […]

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Bank of Canada deputy governor’s real estate investment portfolio grew by $548K during pandemic

Bank of Canada’s senior deputy governor Carolyn Rogers’s real estate portfolio appreciated by $548,000 during the pandemic as low interest rates set by the central bank helped propel Canada’s home prices to record highs. The deputy governor’s disclosure statement record she has joint ownership of two rental properties in Victoria, British Columbia. BC Assessment records […]

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Metro Vancouver detached home market cools down in April

Metro Vancouver detached home market activity cooled down in April 2022, as falling sales knocked prices off the all-time high recorded in March. The OpenHousing Home Price Index for detached properties – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – rose 7.11% year-over-year, the April month-end update shows. This represents a […]

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Pandemic flip goes flop: flipper loses $880,000

The pandemic may have been boom time for real estate speculators, but one home flipper has managed to make a serious loss with a failed property flip. The numbered company 1330138 B.C. LTD bought the condo at 1388-2088 Barclay Street, Vancouver, for $4,380,000 on Sep 23, 2021, according to BC Assessment The owners put it […]

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Sharp drop in home speculation recorded in Metro Vancouver

Metro Vancouver’s housing market is recording a sharp drop in real estate speculation, with flipping levels plummeting this month after reaching a peak in November last year. The successful quick flip rate (QFR) for single detached properties plunged to just 0.3% so far in April 2022, after hitting a six-year high of 5.7% in November […]

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