In this article, we compare the production of top Vancouver agents in 2016 and 2019 for each subarea. It’s no surprise that there is hefty competition in Vancouver’s real estate market. For instance, in 2017, there were nearly 14,000 agents competing amongst each other as Vancouver’s housing market boomed beyond expectations. Although now that the […]
Pre-sales for townhouses/semi-detached are much more expensive than detached homes in the Greater Toronto area: Report Housing in Toronto is the tenth least-affordable in the world, neck-and-neck with London and behind cities like San Francisco and Honolulu–though not by much. Buying properties as a pre-sales–a home that is bought or sold prior to construction–is often […]
In 2018, about 23,000 MLS transactions occurred in Greater Vancouver, of which about three percent were developer pre-sales or pre-sale assignments, and the majority of which were related to apartments. Common-wisdom suggests that purchasing a pre-sale property saves the buyer money, but is that actually the case? For this article, we had our data scientists […]
According to Roomvu market analytics, the number of realtors in Metro Vancouver has nearly doubled in the past 20 years. And though Vancouver’s housing market isn’t the only burning-hot one in the country, numbers from a recent report show that B.C.cities has, by far, the highest concentration of realtors per Canadian city. A study by […]
Introduction The percentage of completed dual agency in real estate transactions in Greater Vancouver has dropped dramatically. This is to be expected. The Real Estate Council of British Columbia, as of June 15th, 2018, barred licensed real estate professionals from representing both the buyer and the seller in a transaction. The main reason for this […]
Why are Vancouver realtors listing fewer properties? If you live in the Greater Vancouver Area, chances are you know a realtor or two in your life. Whether it’s your cousin, uncle, parent, sibling, friend, odds are you aren’t too many degrees of separation away from someone who makes their living selling houses. Back in 2004, […]
What does it mean when a home has had multiple owners in a short amount of time? We examined one listing in Maple Ridge that has been on the market more than 10 times in less than 20 years. Imagine finding the home of your dreams in Maple Ridge after searching for months on end […]
In this Roomvu article, we look into the statistics and MLS data of the average number of bedrooms in studios, apartments, condos, half- duplexes and townhomes from 2004-2018 in Vancouver and Greater Vancouver neighbourhoods. Are you curious to know the average amount of bedrooms per dwelling in your city? Our data scientist team from Roomvu […]
Early March Picks by Roomvu Every 2 weeks, our staff puts together a list of properties worthy of taking a peek at. Why? Because these properties are listed below their government assessment value, under 1 million dollars and fresh in the mark. Scroll down for our top 10 list for this week (end of Feb […]
Opinions on how the real estate industry will perform in 2019 will vary from person to person. But generally speaking, experts predict the year to be low in sales with conditions more favorable to the buyer. In Canada, British Columbia is expected to lead in the year-over-year decline in home sales. The British Columbia Real […]
