City of Vancouver Condo Sales Report Slowest May Since 2001 – Ellie Pourian

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The Real Estate Board of Greater Vancouver saw 2,579 sales of detached houses, condos and townhomes in its territory last month, down 27.4 per cent from 3,553 transactions in April, 2017. Last month’s total transactions of resale properties marked the lowest level for April since 2,253 homes traded hands in that month in 2001.

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The city of Vancouver has approved a new zoning policy that will permit the construction of duplexes in 99% of single family neighbourhoods. The change will mean about 67,000 single family lots which comprise approximately 52% of Vancouver’s landmass, are now eligible for duplexes.

Condo Sales Declined. Bubble talk might be impacting sales, as they declined significantly across the GVR. 915 sales were logged through the MLS, this represents a 23.7% decline from the month prior. Of those sales, 1 in 4 were in Vancouver West – which only experienced a 19.9% decline from November.

Home Sale activity stays below historical April sale. According to the data from The Real Esate Board of Greater Vancouver, there are not as many as usual buyers out there right now, it shows last month was the lowest April sale since 2001.

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Vancouver real estate: vacant home rate flat since 2002, says city report The rate of unoccupied homes in Vancouver has remained flat over the last 14 years despite worries investors are buying.

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Vancouver Condo Report – November 2017 Faith’s Condominium Report Even after more than two decades in Vancouver’s real estate industry, I remain awed by what has happened in the city’s condominium apartment market over the past two years, especially in the past year.