Vancouver Homes Sales Decline


The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver totalled 2,489 in August 2016, a decline of 26 per cent compared to the 3,362 sales in August 2015;

10.2 per cent less than the 2,771 sales in August 2014;

and one per cent less than the 2,514 sales in August 2013.

August 2016 sales also represent a 22.8 per cent decline compared to last month’s sales.


From a historical perspective, last month’s sales were 3.5 per cent below the 10-year sales average for the month.

“The record-breaking sales we saw earlier this year were replaced by more historically normal activity throughout July and August,” Dan Morrison, REBGV president said.


"Sales have been trending  downward in Metro Vancouver for a few months.


The new foreign buyer tax appears to have added to this trend by reducing foreign buyer activity and causing some uncertainty amongst local home buyers and sellers.

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 Vancouver Home + Design Show returns

October 27-30, 2016!

The Vancouver Home + Design Show is a must-see fall event.
Find fresh inspiration, helpful tips, innovative products and fantastic deals! ​
People in Vancouver visit the home show to become inspired, informed and energized with helpful advice, thousands of solutions and the coolest new products.

Thursday, October 27, 2016  ​4 p.m. - 9:00 p.m.
Friday, ​October 28, 2016  NOON - 9:00 p.m.
Saturday, ​October 29, 2016  10:00 a.m. - 9:00 p.m.
Sunday, ​​October 30, 2016  10:00 a.m. - 6:00 p.m

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I have sold a property at 2103 1850 COMOX ST in Vancouver.
AMAZING 21st FLOOR VIEWS OF ENGLISH BAY, OCEAN AND MOUNTAINS. SUNNY SW CORNER SUITE. Enjoy relaxed seaside living and city convenience, or rent it out until you are ready to reno this original suite! Building: respected concrete 27 story El Cid, prepaid leasehold to 2073. Over $6m work on the building has been done and paid for. Comes with 1 parking and locker. MAINTENANCE FEE INCLUDES PROPERTY TAXES, heat, hot water, swimming pool, and $10 parking fee. RENTALS PERMITTED, ONE CAT OK. 2 live-in caretakers. The spectacular 27th floor common area continues outside and has unsurpassed views in all directions. The perfect Ultimate Getaway and resort-style living.
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