November 2015 sale stats from the Real Estate Board of Greater Vancouver

December 15th, 2015

Housing demand remains strong despite diminishing supply

VANCOUVER, B.C. – December 2, 2015 – Home sales reached near record levels in November even as home listings began the traditional year-end decline

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver reached 3,524 on the Multiple Listing Service® (MLS®) in November 2015. This r ...

New minimum down payment requirements for purchases over $500,000

December 15th, 2015

The federal government is increasing the minimum down payment required to buy a home for more than $500,000 in an effort to cool the red-hot housing markets in Toronto and Vancouver, but some economists say the impact on housing activity will be minimal.

Finance Minister Bill Morneau made the announcement in Ottawa on Friday.

"We are looking at ways to ensure our market is stable and we wan ...