Despite a white-hot presale market that has driven new condo inventory to record lows, mandatory registration of new Vancouver condominiums have fallen 28% as starts have plunged. Registrations of new homes with the BC Homeowner Protection Office (HPO) are seen as a harbinger of new home construction, since the warranty registrations are required before building
The median price of a condo currently listed for sale in Vancouver proper is getting closer to that $1-million mark. When looking at units in the MLS across Vancouver East and West, that median price now sits at $977,000 . Break that down by those two jurisdictions, and the median condo listing price in Vancouver
Vancouver home buyers took out smaller and fewer mortgages after the government imposed measures to cool the province’s fiery housing market. The average size of a new mortgage in Vancouver was $517,415 in the first quarter of this year, compared with $553,719 a year earlier, according to a TransUnion report released on Tuesday. Not only
