Market News

Today marks the beginning of the 24th annual REALTORS Care® Blanket Drive – the largest and longest running program of its kind in the Lower Mainland. Realtors across the region are working with their clients to coordinate thousands of donations of blankets, sleeping bags, warm winter clothing, and new socks and underwear for those in need.

The 24th annual REALTORS Care® Blanket Drive kicks off November 13 to collect warm winter clothing for those in need across the Lower Mainland. The REALTORS Care® Blanket Drive is the largest and longest running blanket drive in the Lower Mainland.

Home sale activity across Metro Vancouver* remained below long-term historical averages in October. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,966 in October 2018, a 34.9 per cent decrease from the 3,022 sales recorded in October 2017, and a 23.3 per cent increase compared to September 2018 when 1,595 homes sold.

The supply of homes for sale continued to increase across the Metro Vancouver* housing market in September while home buyer demand remained below typical levels for this time of year.

The commercial real estate market in the Lower Mainland continued to see fewer transactions in the second quarter (Q2) of 2018 compared to recent years. There were 569 commercial real estate sales in the Lower Mainland in Q2 2018, a 16.3 per cent decrease over the 680 sales in Q2 2017, according to data from Commercial Edge, a commercial real estate system operated by the Real Estate Board of Greater Vancouver (REBGV).