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Posted on
March 21, 2022
by
Hafez Panju
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up in February 2022 as buyers jumped on the first batch of spring listings.
Highlights:
- National home sales rose 4.6% on a month-over-month basis in February.
- Actual (not seasonally adjusted) monthly activity came in 8.2% below the record February in 2021.
- The number of newly listed properties bounced back by 23.7% month-over-month.
- The MLS® Home Price Index (HPI) rose a record 3.5% month-over-month and was up a record 29.2% year-over-year.
- The actual (not seasonally adjusted) national...
Posted on
March 15, 2022
by
Hafez Panju
The British Columbia Real Estate Association (BCREA) reports that a total of 8,902 residential unit sales were recorded by the Multiple Listing Service ® (MLS® ) in February 2022, a decrease of 18.8 per cent from February 2021. The average MLS® residential price in BC was $1.109 million, a 24.9 per cent increase from $887,866 recorded in February 2021. Total sales dollar volume was $9.9 billion, a 1.5 per cent increase from the same time last year.
“While sales are not keeping pace with the unprecedented level of activity we saw this time last year, demand continues to be quite...
Posted on
March 7, 2022
by
Hafez Panju
It was an action packed month with buyers & sellers and I am grateful to all of my clients for their business and trust in me. Congratulations to my fellow realtors!
“Trust The Value”
Posted on
March 4, 2022
by
Hafez Panju
The Metro Vancouver* housing market saw steady home sales activity, modest increases in home listings and continued upward trends in pricing in February.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,424 in February 2022, an 8.1 per cent decrease from the 3,727 sales recorded in February 2021, and a 49.8 per cent increase from the 2,285 homes sold in January 2022.
Last month’s sales were 26.9 per cent above the 10-year February sales average.
“As we prepare to enter what’s traditionally the busiest season of the...
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
