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Low supply continues to limit Metro Vancouver home buyers

Reluctance amongst Metro Vancouver* home sellers is impacting sale and price activity throughout the region's housing market.

 

Residential home sales in the region totalled 2,425 in February 2017. This is a 41.9 per cent decrease from the record 4,172 homes sold in February 2016 and an increase of 59.2 per cent compared to January 2017 when 1,523 homes sold.

 

"February home sales were well below the record-breaking activity from one year ago and in line with our long-term historical average for the month," Dan Morrison, Real Estate Board of Greater Vancouver (REBGV) president said. "Limited supply and snowy weather were two factors hampering this activity."
 
 
Here is information on sales volumes and new & active listings for detached homes. Information on your area is also available. Please call or email to request.
   
* Note: This representation is based in whole or in part from data generated by the REBGV, while it is deemed to be accurate the REBGV assumes no responsibility for its accuracy.
Mortgage Information

First
Mortgages
Term
Rate
6 months
3.10 %
1 Year
2.29 %
2 year
2.14 %
3 Year
2.34 %
5 Year
2.49 %
7 Year
3.09 %
10 Year
3.69 %
Rates are subject to change, for a current rate quote contact:

Kevin Oake
koake@dominionlending.ca
Your Trusted Mortgage Specialist
Dominion Lending Centers
www.kevinoake.ca
604-816-6242 

Barrie Seaton
Royal LePage West Real Estate Services