fbpx

Blog

  • Welcome - Brian C Chung Real Estate
  • Blog
  • owner

    • MAY 2023 Update – Competition among buyers in Metro Vancouver’s housing market heats up as summer arrives

    By admin / 1st June 2023 / in , , , , , , , , , , , , , , , , /
    Competition among buyers in Metro Vancouver’s housing market heats up as summer arrives ------- While the year started slower than usual, Metro Vancouver’s housing market is showing signs of heating up as summer arrives, with prices increasing for the sixth consecutive month. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales
    Read more

    APRIL 2023 Update – With listing activity remaining below historical norms, home sales in Metro Vancouver have mounted a surprising comeback

    By admin / 1st May 2023 / in , , , , , , , , , , , , , , , , /
    With listing activity remaining below historical norms, home sales in Metro Vancouver have mounted a surprising comeback ------- With listing activity remaining below historical norms, home sales in Metro Vancouver have mounted a surprising comeback, rising near levels seen last spring, before eight consecutive interest rate hikes eroded borrowing power and brought home sales activity
    Read more

    MARCH 2023 Update – With listing activity remaining below historical norms, home sales in Metro Vancouver have mounted a surprising comeback

    By admin / 1st April 2023 / in , , , , , , , , , , , , , , , , /
    Home prices across Metro Vancouver’s housing market showed modest increases in March, while new listings remained below long-term historical averages. ------- March data also indicates home sales are making a stronger than expected spring showing so far, despite elevated borrowing costs. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the
    Read more
    Featured post

    FEBRUARY 2023 Update – Below average home sales allow inventory to inch upwards BUT…

    By admin / 22nd March 2023 / in , , , , , , , , , , , , , , , , /
    February 2023 Market Stats! The lack of inventory is balancing the interest rate increases. To date, it's been a busy quarter with 50+ showings. ------- Below average home sales allow inventory to inch upwards February listing data show a continued reluctance among prospective home sellers to engage in Metro Vancouver’s* housing market, leading to below-average
    Read more
    Featured post

    JANUARY 2023 Update – Home sales decline below long-term averages and inventory remains low

    By admin / 6th February 2023 / in , , , , , , , , , , , , , , , , /
    Home sales decline below long-term averages and inventory remains low Inventory remains low in Metro Vancouver* while home sales dipped well below monthly historical averages in January. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,022 in January 2023, a 55.3 per cent decrease from the
    Read more