The question of whether or not rental restrictions in strata buildings should be banned has been hotly debated in recent years. Banning all restrictions on rentals units would instantly create an inventory of available homes, as currently empty homes could now be rented out. Vancouver’s housing crisis being largely an issue of supply, this additional […]
In this article, we use Sold MLS real estate data to uncover which Vancouver neighbourhoods are a better investment over-time and which Vancouver neighbourhoods depreciate the most when looking at the condo market. Home investments can be the difference between early retirement and late retirement for Vancouver Home Buyers. Like anything, homes depreciate with age […]
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 […]
What is Vancouver’s real estate market like for the top three realtors? To better understand the current Vancouver housing market situation, we compared the data from the top three Vancouver realtors that had the most number of sales in 2016 with their number of sales in 2019 for West Vancouver and East Vancouver (Figure 1 […]
In comparing 2016 to 2019, the average days on the market (DOM) for a home listed on Vancouver’s housing market is lasting doubled. This means that some Vancouver neighbourhoods will struggle in 2019-2020. Data compiled by Roomvu, a Vancouver-based real estate marketing and analytics firm, shows that the days on the market has nearly doubled […]
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 […]
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 […]
In this article, Roomvu features some of the top newly proclaimed realtors in Greater Vancouver who, in past years, did not make any of the top lists. There were more than 13,000 realtors working in the Greater Vancouver Region in 2018. The average realtor was involved in buying or selling about four condos/townhomes and three […]
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, […]
Number Vancouver realtors projected to decrease further in 2019 and beyond according to Roomvu, a real estate data and analytics company Vancouver, B.C. – Real Estate in Vancouver and Vancouver realtors has been a hot topic long before it started to cost the average person more than half their income to rent a space the […]
