Market Update - March 2022

Market Update - February 2022

2021 YEAR IN REVIEW

Metro Vancouver home sales reached an all-time high in 2021. Last year's sales were 33% above the 10-year sales average, and 2021 beat the previous all-time sales record set in 2015 by 4%.

BC Gov plans to restrict blind bidding

The government of BC is considering legislation to restrict blind bidding in an effort to cool the real estate market.

MARKET UPDATATE - October 2021

Here's what happened in the Vancouver housing market in October 2021. The Real Estate Board of Greater Vancouver reports that sales were up 11% from last month, and 22.4% above the 10-year October sales average. The total number of NEWLY listed homes for sale on the MLS® is down 21.7% compared to last month. The total number of homes listed for sale on the MLS is down 13% compared to last month. The sales to active ratio for all property types is 43.5%, which means it's a Seller's Market. The MLS® Home Price Index for all of Metro Vancouver is up 14.7% from October 2020.

MARKET UPDATATE - September 2020

Here's what happened in the Vancouver housing market in September 2021. The Real Estate Board of Greater Vancouver reports that sales were down 13.6% compared to September 2020, but only 0.1% from last month. The total number of newly listed homes for sale on the MLS® is UP 28.2% compared to August 2021. The sales to active ratio for all property types is 34.1%, which means it's a Seller's Market. The MLS® Home Price Index for all of Metro Vancouver is up 13.8% from September 2020.

What is 3D Matterport??

Matterport is the ultimate 3D interactive user experience. These virtual tours eliminate tire-kickers, reduce your risk of COVID-19 exposure, and overall save everyone a lot of time. In many markets, people buying homes without actually stepping inside. A 3D Matterport tour is the best way to showcase your home to buyers from all around the globe

Should I sell or buy first?

Many people ask me, should I sell my home first, or buy first. The answer isn't always straightforward. There are pros and cons to both, and it really depends on your personal circumstance. The best thing to do is call me and we can discuss your options.

Market Update - August 2021

Here's what happened in the Vancouver housing market in August 2021. *The Real Estate Board of Greater Vancouver reports that sales were down 5.2% compared to July 2021. * The total number of homes listed for sale on the MLS® is down 8.6% compared to July 2021. * The sales to active ratio for all property types is 35%, which means it's a Seller's Market. * The MLS® Home Price Index for all of Metro Vancouver is up 13.2% from August 2020.

MARKET UPDATATE - July 2020

Here's what happened in the Vancouver housing market in July 2021. The Real Estate Board of Greater Vancouver reports that sales were down 11.6% compared to June 2021. The total number of homes listed for sale on the MLS® is down 9.1% compared to June 2021. The sales to active ratio for all property types is 33.8%, which means it's a Seller's Market. The MLS® Home Price Index for all of Metro Vancouver is up 13.8% from July 2020.

Don't hold too much cash!

Many people are taught to work hard and save money. But what then? What do you do when once you've accumulated a decent pile? In this video, I explain why holding too much cash is a terrible idea and what you should do instead.

MARKET UPDATATE - June 2020

Here's what happened in the Vancouver housing market in June 2021. The Real Estate Board of Greater Vancouver reports that sales were down 11.9% compared to May 2021. The total number of new homes listed for sale on the MLS® is down 17.9% compared to May 2021. The sales to active ratio for all property types is 34.7%, which means it's a Seller's Market. The MLS® Home Price Index for all of Metro Vancouver is up 14.5% from June 2020.

MARKET UPDATATE - May 2021

Here's what happened in the Vancouver housing market in May 2021. The Real Estate Board of Greater Vancouver reports that sales were down 7% compared to April 2021. The total number of homes currently listed for sale on the MLS® is up 7% compared to April 2021. The sales to active ratio for all property types is 38.9%, which means it's a Seller's Market. The MLS® Home Price Index for all of Metro Vancouver is $1,172,800. This is up 1.5% compared to April 2021.

March 2021 Market Update

Here's what happened in the Vancouver housing market in March 2021. The REBGV reports that in Metro Vancouver, there were 5,708 sales in March. That’s up 126% from March of last year. March sales were up 53% from February 2021 and 72% above the 10-year average. That's the highest number of sales EVER recorded in Metro Vancouver.

MARKET UPDATATE - February 2021

Here's what happened in the Vancouver housing market in February 2021. 
The Real Estate Board of Greater Vancouver reports that residential home sales overall are up 73.3% from February of 2020, AND they're up 56% from January of 2021.  That is 42.8% above the 10-year February sales average.

MARKET UPDATATE - January 2021

The Real Estate Board of Greater Vancouver reports that residential home sales were up 52.1% compared to January 2020. That’s 36.4% above the 10-year average for January. Sales of detached homes in January were up 68.6% compared to January 2020. The MLS® HPI benchmark price of a detached home is up 10.8% compared to January 2020. Sales of condos are up 46.8% from January 2020. The MLS® HPI for all residential properties in Metro Vancouver is up 5.5% compared to January 2020.

2020 YEAR IN REVIEW

Here's what happened in the Greater Vancouver real estate market in 2020. The Real Estate Board of Greater Vancouver reports that residential home sales totalled 30,944 in 2020. That’s up 22.1% from 2019 and up 25.7% from 2018. Home listings in Metro Vancouver are up 4.6% from 2019. The Home Price Index for all residential homes in Greater Vancouver is up 5.4% from December of 2019.

MARKET UPDATATE - October 2020

Here's what's been going on in the Vancouver housing market. Residential Home Sales are up 29% from Oct 2019 and 1.2% from Sept 2020. Listings are up 36.7% from Oct 2019 and 13% down from Sept 2020. Last month's sales were 34.7% above the 10-year October sales average. 

MARKET UPDATATE - September 2020

Here's what's been going on in the Vancouver housing market. Residential Home Sales are up 56.2% from September 2019, and up 19.6% from August 2020. September sales were 44.8% above the 10-year sales average.

MARKET UPDATATE - August 2020

Here's what's been going on in the Vancouver housing market. Residential Home Sales are up 36.6% from August 2019. Listings are up 55.1% from August 2019.

MARKET UPDATE - Aug 6, 2020

Here's what's been going on in the Vancouver housing market. Residential Home Sales are up 22.3% from July 2019 and up 28% from June 2020. Unique visitors at REALTOR.CA reaches an all-time high

MARKET UPDATE - July 2, 2020

Here's what's been going on in the Vancouver housing market. We've seen some massive shifts in the number of sales, but only a slight decline in prices.

MORTGAGE UPADATE: June 5, 2020

Karen Gibbard and Dennis Sepulveda discuss how the banks in British Columbia are reacting to the COVID-19 pandemic in the Vancouver Housing Market. Filmed June 6, 2020.

MARKET UPDATE: June 1, 2020

Here's what's been going on in the Vancouver condo market, and a prediction of where we're heading (with a disclaimer that we don't get hit with another major lock-down!)

MARTKET UPDATE: April 2020


MARKET UPDATE: April 2020 The headlines are all doom and gloom, but dig a little deeper, and you'll see a wide range of market conditions. Contact me to find out what's happening in your specific market.

Interview: How do you buy a home during COVID-19?


In this Zoom video, I interview Steve and Julia, a young couple who bought their first home entirely during the COVID-19 crisis. They explain the process, including all the limitations and surprising benefits!

Why you NEED an isurance inventory


Now is the perfect time to create or update your insurance inventory. In this video, I explain WHAT an insurance inventory is, WHY you need one, and HOW to do it.

3 reasons why you NEED to work with a Buyer's Agent


In this video, I give reasons to start working with a REALTOR early in the buying process. Finding the right agent is the first step in the homebuying process.

Buying and selling Real Estate during COVID-19


COVID-19 is affecting the Real Estate industry, but we adapt and move forward. In this video, I explain how you can still buy and sell property during the current crisis.

COVID-19 and Canadian Mortgages with Karen Gibbard


interview with Karen Gibbard, from Gibbard Group Financial. We discuss the latest market changes in the Canadian mortgage world during the hight of the COVID-19 crisis. Many banks are offering mortgage relief for those who need it.

Canadian Mortgage Stress Test - UPDATE with Karen Gibbard


Changes to the Canadian mortgage Stress Test have been PUT ON HOLD due to the COVID-19 crisis. In this video, I interview Karen Gibbard, from Gibbard Group Financial. We discuss the latest news in the rapidly-changing mortgage world

Covid-19 and Mortgage Rates in Vancouver, BC.


In this video, I discuss the recent drop in interest rates by the Bank of Canada as part of their response to the COVID-19 crisis. Contact me if you have any questions or for a mortgage broker referral.

What is Leverage in Real Estate?


In this video, I give an explanation and a brief example of leverage in real estate. What it is, how it works, and how you can make it work for you!

Three Types of Home Ownership


In this video, I talk about the three different types of home ownership in BC. Contact me if to find out which is the right one for you.

First-time Homebuyer Incentive


Cheryl Ackerman from Citywide Mortgage and I discuss the new First-time Home Buyer Incentive. Contact me now to find out if this program is right for you.

Vancouver Housing Market Chat


Vancouver Housing Market Chat with Dennis Sepulveda and Cheryl Ackerman.

What is a Portable Mortgage?


What is a Portable Mortgage? What happens when you move before your mortgage term is up? Watch this short video to find out.

Mortgage Tips for First-time buyers


In this video, I sit down with Cheryl Ackerman from City Wide Mortage Services in Vancouver. She has some great mortgage advice for first-time homebuyers.

Dennis Sepulveda
Mobile: 604-401-3635
Email: Dennis@DennisKnows.ca

Dennis Sepulveda

Mobile 604-401-3635

Dennis@DennisKnows.ca

Each brokerage is independently owned and operated

1428 W 7th Avenue

Vancouver, BC, CANADA

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.