REBGV November Statistics

The Real Estate Board of Greater Vancouver (REBGV) have released their November Statistics Report. The housing market in this area has continued to be steady.

The Key Stats:

  • Residential property sales totaled 2,321 in November, a 37.7% increase from November 2012
  • The sales-to-active ratio (the number of properties for sales divided by number of active listings) is at 16.6%
  • Benchmark price for residential properties is currently $603,000
  • Detached home sales totaled 926, an increase of 47.2% from November 2012, benchmark price is $924,800
  • Apartment sales totaled 969, an increase of 29.2% from November 2012, benchmark price is $367,800
  • Attached property sales totaled 426, an increase of 38.8% from November 2012, benchmark price is $458,000

*All statistics are from the Multiple Listing Service® (MLS®)

Sandra Wyant, President of REBGV says, ““We’ve seen steady and consistent trends the Greater Vancouver housing market for much of this year. This year’s activity has resulted in gradual and modest increases in home prices of approximately one per cent over the last 12 months in the region.”

To view the full REBGV November Statistics report, click here.

If you have any questions regarding the above, please give us a call at 604-588-4466 or email us at


FVREB November Statistics

The Fraser Valley Real Estate Board, FVREB, have released their November Statistics Report. Not only has the weather cooled down this past month, but so has the housing market.

The Key Stats:

  • Property sales recorded 986 in November, a 21% decrease compared to October 2013
  • 24% decrease of new listings
  • Average number of days to sell a detached home, 57, townhomes, 58, and apartments 78 days
  • Benchmark price for homes increased by 1% from $544,700 in November 2012

Ron Todson, President of the FVREB says, “We typically see a slowdown just before the holidays and this year it started a little sooner reflecting what we are seeing in our overall economy.”

“Similar to last November, sales are hovering at about 14 per cent off normal levels, but so are new listings. They’re down about 7 per cent compared to the 10-year average, so what we’re seeing is a slower but steady market keeping home prices in check and the average number of days to sale stable.”


*All statistics are from FVREB’s Multiple Listing Services (MLS)

To see the full FVREB November Statistics Report click here.

If you have any questions regarding the above, please give us a call at 604-588-4466 or email us at

Overnight Rate Remains at 1%

Yesterday, the Bank of Canada announced they are maintaining the overnight rate at the 1% target.

overnight rate

Source: Google

Canada has had a strong third quarter, reporting a 2.7% GDP, which is much higher than what the Bank of Canada had projected. For the housing sector, it continues to remain strong and above expectations. It’s in line with the current demographic information available as well as there is an increase of home purchases despite some financing conditions.

Weighing the slight changes in the housing, business investment spending, and non-commodity export industries, the Bank of Canada judges the current substantial monetary policy remains appropriate. Therefore, has decided to remain the overnight rate at 1%.


The next time the Bank of Canada will announce the overnight rate will be January 22, 2014. The Monetary Policy Report will be published at this time as well, giving an outlook of the economy, risks, and inflation.


To see the Press Release click here.

For more blog posts on the real estate and mortgage industry, click here.

If you have any questions regarding the above, please give us a call at 604-588-4466 or email us at

BrokerSmart’s 1st Anniversary!

Today, December 1, not only marks the first day to open up a chocolate in your advent calendar, but it also marks the 1st Anniversary of BrokerSmart!

Over the past year we have had the pleasure of helping the needs of many clients such as first time home buyers, upgraders, downsiders, and investors with their real estate, mortgage, legal, and now moving needs.

Thank you for allowing us help you with all your financial needs. We look forward to the many years to come continuing to provide a one-stop shop experience that makes it simple and easy for you.

Check out Our Painted Picture of where we see our future on December 31, 2015 by clicking here.