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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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$3.4 billion worth of homes flipped in Vancouver during pandemic
The pandemic is bringing misery to millions of Canadians as Covid-19 leaves tens of thousands dead, economic turmoil, and political upheaval in its wake. But for real estate flippers, this global health crisis has proven to be a boon. Real estate speculators have flipped ‒ bought and relisted a property within 12 months ‒ a […]
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Nearly half a billion dollars worth of homes flipped during the pandemic in Vancouver
Vancouver area Speculators flipped almost half a billion dollars worth of homes so far during the pandemic, an analysis of regions real estate data shows. MetroVancouver speculators have to date flipped a staggering 460 properties worth $490 million since the World Health Organization (WHO) declared COVID-19 a pandemic on March 11, 2020. OpenHousing defines a […]
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Metro Vancouver detached home prices hit another all-time high in March
The relentless rise of Metro Vancouver detached home prices continued into spring with prices reaching an all-time high in March 2021 breaking the previous record set just a month earlier. The OpenHousing Home Price Index for detached properties – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – rose 17.15% year-over-year, the […]
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Metro Vancouver townhouse prices reach all time high in January
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How parties plan to tackle housing crisis
By Rohana Rezel Here’s an analysis of how each party plans tackle the housing affordability crisis affecting millions of people in Canada’s big cities. Highlights The Good Both the NDP and the Greens plan to massively build out public housing Both the NDP and the Greens intend to support co-ops and co-housing Both the Liberals […]
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Metro Vancouver condo prices fall 18% from peak
Metro Vancouver condo prices have dropped by 18% from the March 2018 peak with some units selling 32% below assessment. The Open House House Price Index for condos – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – fell 8% year-over-year as in July. Looking at home sales reported in the last […]
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Metro Vancouver detached homes prices down 13% in July
Metro Vancouver detached home prices have dropped by 13% year-over-year, according to the latest sales numbers reported in the region. The Open House House Price Index is calculated using the generally-accepted and transparent repeat sales or Case-Shiller method. Looking at home sales reported in the last 30 days, 40 out 46 single family homes sold […]
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North Vancouver’s commercial Airbnb operators
City of Vancouver is not the only municipality in the Lower Mainland with a serious Airbnb infestation. Contrary to Airbnb’s narrative that the platform is only used by empty nesters renting out short term a “spare bedroom” to “make ends” meet, short term rental business in North Vancouver is also dominated by commercial operators. Here […]
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Vancouver home sellers in denial as the market edges lower
An analysis of asking prices for the 860 currently active detached home listings for Vancouver show that the vast majority of home sellers are in denial about the real estate market cool down. In March 2019, three out of four homes sold below current assessment, with the median sale price for a used detached house […]
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