Author: inboks
Greater Vancouver real estate might be ready to wake from its slumber. Greater Vancouver Realtors, the board formerly known as REBGV, data shows the price of a typical home halted declines in November. Despite a 5-figure monthly decline just a few weeks prior, a sudden surge of sales helped to boost buyer sentiment. That sentiment was kept in check with an unseasonably high turnout of sellers. Did Vancouver Real Estate Prices Find A Bottom? The price of a composite benchmark (typical) home across Greater Vancouver. Source: Greater Vancouver Realtors; Better Dwelling. Greater Vancouver real estate prices may have just found…
Vancouver real estate sales picked up last month, but lofty inventory is easing market pressures. Greater Vancouver Realtors (GVR), formerly REBGV, data shows the price of a composite benchmark (typical) home fell slightly in December. The minor decline emphasized uncertainty about where prices should head, remaining mostly unchanged from last year. Despite sales seeing enormous annual growth, the volume remains historically weak. At the same time, inventory is still high and taming price growth from increased demand and cheaper credit. Vancouver Real Estate Prices Nearly Unchanged For 3-Months The price of a typical home across Greater Vancouver. Source: GVR; CREA;…
Greater Vancouver real estate only has a handful of buyers, but they’re bidding up prices for some reason. Greater Vancouver Realtors (GVR), formerly REBGV, shows home prices made a substantial jump in March. The increase occurred despite it being one of the weakest months for demand in decades, and the most well-supplied market in recent history. Greater Vancouver Real Estate Prices Jump Despite Weak Sales The composite benchmark price of a home in Greater Vancouver. Source: CREA; GVR; Better Dwelling. Greater Vancouver composite home prices made a 5-digit jump last month. The benchmark price of a typical home rose 0.5%…
Greater Vancouver real estate went from some of the world’s most coveted to historically weak demand in just a few years. REBGV data shows prices fell in June, as demand fell to the second weakest level in the past 25 years. At the same time, the region’s notoriously scarce inventory is no more—there are now the most listings since the Bank of Canada (BoC) suggested it was a bubble. Greater Vancouver Real Estate Prices Fell But Remain Lofty Greater Vancouver real estate prices: composite benchmark. Source: REBGV; CREA; Better Dwelling. Greater Vancouver real estate prices slipped lower last month. The…
Vancouver real estate prices have been resilient, but they may have just run out of luck. Data from Greater Vancouver Realtors (GVR), formerly the REBGV, shows prices made a sharp drop in October. A market known for scarce inventory has seen a sudden influx of listings amid weak sales, pushing inventory to one of the highest levels for the month on record. Vancouver Real Estate Prices Running Out Of Luck? Recent Slump Sends Prices Back To 2023 Greater Vancouver Real Estate Prices: Composite. Source: GVR; CREA; Better Dwelling. Greater Vancouver real estate prices finally got a visit from gravity, posting…
Greater Vancouver real estate has dodged the sharp downturn seen in cities like Toronto, but cracks are showing. Greater Vancouver Real Estate Board (GVR) data shows prices slipped again in November, hitting a new multi-year low. Sales remain soft, but the real story is inventory—now at its highest level for November in over a decade. Vancouver Real Estate Prices Losing Their Grip? Greater Vancouver Real Estate: The Price of a Typical Home Across GVR. Source: GVR; CREA; Better Dwelling. Greater Vancouver home prices have been grinding lower, but not exactly crashing. The benchmark fell 0.3% (-$3,400) to $1,123,700 in November,…
Home prices in Vancouver have resisted the sharp downturn seen in Toronto, but that may be changing fast. Greater Vancouver Real Estate Board (GVREB) data shows prices made a sharp drop in January, with losses accelerating in recent months. A combination of weak demand and multi-year highs for inventory—and a new construction glut—signals more downward pressure ahead. Greater Vancouver Home Prices Enter Second Wave of Correction The price of a typical home across Greater Vancouver. Source: GVREB; CREA; Better Dwelling. The price of a typical home dropped substantially last month, shedding 1.2% (-$13.4k) to $1.10 million in January. Greater Vancouver…
If your condo was close enough to the recent wildfires that you packed a Go Bag, you may be safe from cancellation of your HOA’s master insurance policy, at least this year. But it probably won’t be because of the state’s insurance moratorium on cancellation of residential property insurance near the burn areas. At least not directly. The Moratorium California state law SB 824 prohibits insurers from cancelling residential property insurance close to a fire perimeter for one year after a state of emergency has been declared. Insurance Commissioner Ricardo Lara has issued a list of zip codes considered…
You may be dazzled by the perfect unit, but you need to take a hard look at the whole building. Chances are that underneath that gorgeously remodeled kitchen and hardwood floors, everything is old. According to my research—manipulating Zillow search terms—two-thirds of all condominium units for sale in LA County are built in 1990 or earlier. More than half of all units were built by 1980. Here are some things to help you choose a condo in Los Angeles, particularly in an older building. 1. Buildings get more expensive as they age. Leaks happen. Roofs need to be replaced periodically,…
Now that you know about the secret LADWP rate that may lower your common area electric bills, here’s how to apply for a rate change. Alas, the easy-to-use rate calculator has disappeared from the LADWP website. To find out if you might save money by switching, you’ll need to ask LADWP directly. The good news, though, is that if you do ask, LADWP appears to be more willing than before to help you qualify for that rate. And the rate will be applied retroactively to the date of application–even, as reported to CondoWonk, almost two years later. Applying is easy.…