Vancouver Real Estate News

Latest real estate news from Vancouver BC and Canada by Jay Banks and his Vancouver Homes team

MLS® stats show more sales, fewer property listings in November

2010 11 REBGV Stats Package
2010 11 REBGV Stats Package

Greater Vancouver home sales improved in November compared to the previous four months, with the number of sales posted on the Multiple Listing Service (MLS®) coming in slightly higher than the 10-year average for that month.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totaled 2,509 in November 2010, a decline of 18.6% compared to the 3,083 sales in November 2009 and a 7.4% increase compared to October 2010.

How To Free From Car Lease

Oh this is where I left my hover car by boltron
Oh this is where I left
my hover car by boltron

Good financial situation is key factor for any mortgage seeker, especially in BC real estate. Automobile is usually the second biggest investment after your home, so having a car leasing properly planned is important. If you ever needed to acquire a car, you may have learned that leasing a car is in many ways superior to buying it. Few of us have the funds to afford the full price of a car, and so we are left with two financing options – a consumer loan from a bank or a credit union, or a lease contract with the dealer.

Vancouver Golf Directory Launched!

Photo by Lu
Photo by Lu

We are happy and excited to announce the launch of a brand new Vancouver Golf Guide section of our JayBanks.ca website.

This golf guide serves as a place where Vancouver residents and our clients can find and exchange information about this noble game.  We are taking a user-friendly approach with the guide, trying to provide relevant information to recreational golfers and those of you who are planning to move to Vancouver.  We invite you to enhance the value of the Vancouver Golf Guide by contributing with your personal experiences from the fairways.

Home sales remain steady in Greater Vancouver

Click on the graph to see it in full size 1
Click on the graph to see
it in full size

Greater Vancouver home sales have remained steady over the past four months, indicating stability in the residential housing market. With the MLS® sales to active listing inventory ratio indicating a buyers’ market, properties appropriately priced are selling.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totaled 2,337 in October 2010, a decline of 36.9% compared to the 3,704 sales in October 2009 and a 5.3% increase compared to September 2010 when 2,220 sales were recorded.