Vancouver Real Estate Prices Drop Almost $100k In Value In Less Than A Year – Ellie Pourian

Vancouver Home Prices Drop Noticeably For The 1st Time In 4 Years. The levy is believed to have slowed international buying activity from 13.2 per cent all the way down to 1.3 per cent. They also include changes to mortgage rules at the federal level that require insured mortgages, with down payments of less than 20 per cent,

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The Loss. The current listing price is $50,000 less than it sold for in just April of 2016. Yeah, that sucks for the current owner.until you realize that they’re on the hook for commission too. At basic commission (excluding transfer taxes they paid), they’re looking at another $40,163.

That is the message from the Victoria Real Estate Board (VREB) after it released new sales figures for February. VREB reported 545 properties sold in February – almost 20 per cent less than the 675 properties sold in February last year.

Home sales in Metro Vancouver dropped by 5.6 per cent in 2016, the city’s real estate board said Wednesday, wrapping up a tumultuous year in one of the country’s most watched housing markets.

Vancouver Real Estate Prices Drop Almost $100k In Value In Less Than A Year Thu – 6 Jun – 3:06 am Toronto Real estate jump higher, Board Notes Still Below 10 Year Average Thu – 6 Jun – 3:06 am

 · Right now, the real estate market is dropping slowly in Montreal. On the south shore, per exemple, a house bought last year had a better value than at the same time this year. Getting 10-20% inflation per year is over.

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Vancouver home sales, prices to drop in 2017: BCREA. This is down from an estimated 41,700 units in 2016. Prices will fall in 2017 as well, the association predicts. The average home sales price in Vancouver will be $940,000 next year, down 8.7% from $1,030,000 this year.

Residential property sales in Greater Vancouver rose 31.7% in January. That’s 46% above the 10-year sales average for the first month of the year and the second highest january ever, the Greater Vancouver Real Estate Board reports. The benchmark price for a detached home in Vancouver: $1,293,700.

Let’s look at some data points. Using the Canadian Real Estate Association, HPI Tool: Greater Toronto house price index – february 2010-february 2016. greater toronto house prices have been on a steady rise. Greater Vancouver house price index – F.