Closer alignment between home buyer and seller activity helped bring greater balance to the Greater Vancouver housing market in February.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,545 on the MLS® system in February 2012. This represents a 61.4 per cent increase compared to the 1,577 sales recorded in January 2012, a decline of 17.8 per cent compared to the 3,097 sales in February 2011 and a 2.9 per cent increase from the 2,473 home sales in February 2010.
February sales in Greater Vancouver were the third lowest February total in the region since 2002, though only 151 sales below the 10-year average.
“With a sales-to-active-listings ratio of over 18 per cent, we see fairly balanced conditions in our marketplace as we move into the traditionally busier spring season,” Rosario Setticasi, REBGV president said.
Current Mortgage
Rates, make now a great time to buy a home!
Sales volumes and selling prices comparisons
Detached Homes |
# of sales * |
difference in
selling price * |
monthly difference in
selling price ** |
| Burnaby |
- 9 % |
+ 10 % |
- 1.0 % |
Coquitlam
|
+ 16 % |
+ 7 % |
+ 1.0 % |
| Maple Ridge/Pitt Meadows |
- 10 % |
+ 0 % |
+ 0.8 % |
| New Westminster |
+ 5 % |
+ 18 % |
n/a |
| Port Coquitlam |
- 21 % |
+ 0 % |
+ 1.9 % |
| Port Moody / Belcarra |
+ 48 % |
- 7 % |
n/a |
Attached Homes |
# of sales * |
difference in
selling price * |
monthly difference in
selling price ** |
| Burnaby |
- 11 % |
- 6 % |
+ 2.6 % |
| Coquitlam |
- 35 % |
- 3 % |
+ 7.8 % |
| Maple Ridge/Pitt Meadows |
+ 9 % |
1 1 % |
- 2.8 % |
| New Westminster |
- 13 % |
n/a |
n/a |
| Port Coquitlam |
- 5 % |
+ 3 % |
n/a |
| Port Moody / Belcarra |
- 14 % |
+ 2 % |
n/a |
Apartments |
#
of sales * |
difference
in selling price * |
monthly difference in
selling price ** |
| Burnaby |
- 26 % |
+ 10 % |
+ 11.3 % |
| Coquitlam |
+ 18 % |
+ 5 % |
+ 3.1 % |
| Maple Ridge/Pitt Meadows |
+ 26 % |
+ 6 % |
+ 0.0 % |
| New Westminster |
- 4 % |
- 1 % |
|
| Port Coquitlam |
+ 41% |
+ 3 % |
|
| Port Moody / Belcarra |
- 3 % |
- 10 % |
n/a |
* Note: figures compare
Jan - Feb 2012 to Jan - Feb 2011
** Note: figures compare Feb 2012 to Jan 2012
*** Note: This representation is based in
whole or in part from data generated by
the REBGV, which assumes no responsibility
for its accuracy.
|
Mortgage
Information
First
Mortgages |
Term |
Rate |
Variable |
2.50 % |
1
Year |
2.44
% |
2 year |
2.64 % |
3
Year |
2.84
% |
5 Year |
3.24 % |
7 Year |
3.95 % |
10 Year |
3.95 % |
Rates are subject to change, for a current rate
quote contact:
Gloria Purvey PFC, AMP
gloria@purvey.ca
Specialist & Trusted Mortgage Broker
Global Mortgage Corp
www. Purvey.ca
604-889-1859
fax: 604-942-1048
|
