Market Update Videos 



Home sales reached record levels in September.


While the pace of new MLS® listings entering the market is increasing, the heightened demand from home buyers is keeping overall supply levels limited.


COVID-19 has impacted the market in many ways. There are large variations in market activity based on property types and neighborhoods. Please give me a call and I can help you develop a strategy to meet your real estate needs.

‍Victor Song PREC*

Royal LePage Sterling Realty

604-779-8408

info@victorsong.com

www.victorsong.com

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Low interest rates and limited overall supply of homes for sale are creating competition in today’s housing market.


To understand what's happening in the real estate market during these times, please give me a call.

‍Victor Song PREC*

Royal LePage Sterling Realty

604-779-8408

info@victorsong.com

www.victorsong.com

Read full post

 

Homebuyer and seller activity in Metro Vancouver exceeded historical levels in July.


To understand what's happening in the real estate market during these times, please give me a call.

‍Victor Song PREC*

Park Georgia Realty

604-779-8408

victor@victorsong.com

www.victorsong.com


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This real estate market feels like a spring market. Traditionally, the market gets busy for spring, followed by less activity in July & August due to vacations. However with the Covid-19 lockdown in March, the typical busy spring market has been pushed into this summer. With record low interest rates and low inventory levels, this is a very unique marketplace to navigate in.


To understand what's happening in the real estate market during these times, please give me a call.

Victor Song, PREC

Park Georgia Realty

604-779-8408

victor@victorsong.com

www.victorsong.com


Market Update Video in Chinese: https://youtu.be/8ClFThXP7YM

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I believe our home is now more important during the pandemic. We're working, living and teaching our kids at home. Having more space to be able to meet these needs are now more important than ever. I believe this is a great time to upsize and move into a home that fits yours and your family's needs.


To understand what's happening in the real estate market during these times, please give me a call.

‍Victor Song, PREC

604-779-8408

victor@victorsong.com

www.victorsong.com


Market Update Video in Chinese: https://youtu.be/Y-qVhoAJSGc

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Here is the latest Greater Vancouver Real Estate market update plus my analysis on what will happen to the real estate market after the re-opening.


To understand what's happening in the real estate market during these times, please give me a call.

‍Victor Song, PREC

604-779-8408

victor@victorsong.com

www.victorsong.com


Market Update Video With Chinese Subtitle: https://youtu.be/Oh6dsgZxMTI

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In recent weeks, REALTORS® have been working to help and guide their clients through this uncertain period. Realtors are named among the province’s list of essential services. “This means that we have a responsibility to do what we can to help residents meet their housing and shelter needs while strictly following the most up-to-date public health orders and physical distancing requirements.”


To better understand conditions in your property type or neighborhood of choice, just give me a call and I can help you develop a strategy to reach your long-term real estate goals.

‍Victor Song, PREC

604-779-8408

victor@victorsong.com

www.victorsong.com

Read full post

 

The Real Estate Board of Greater Vancouver reports that residential home sales in the region totaled 2,150 in February 2020, a 44.9% increase from the 1,484 sales recorded in February 2019, and a 36.9% increase from the 1,571 homes sold in January 2020.


To better understand conditions in your property type or neighborhood of choice, just give me a call and I can help you develop a strategy to reach your long-term real estate goals.

‍Victor Song, PREC

604-779-8408

victor@victorsong.com

www.victorsong.com

Read full post



We've begun 2020 with steady home buyer demand that tracks close to the region's long-term average. Looking at supply, we’re seeing fewer homes listed for sale than is typical for this time of year. As we approach the traditionally more active spring market, we’ll keep a close eye on supply to see if the number of homes being listed is keeping pace with demand.


To better understand conditions in your property type or neighborhood of choice, just give me a call and I can help you develop a strategy to reach your long-term real estate goals.

Victor Song, PREC

604-779-8408

victor@victorsong.com

www.victorsong.com

Read full post

 

Home buyer confidence was a factor throughout the year. In the first quarter, many prospective buyers were in a holding pattern, waiting to see how prices would react to the mortgage stress test, new taxes, and other policy changes. Confidence started to return in the summer, and we saw above average sales in the final quarter of 2019.


To better understand conditions in your property type or neighborhood of choice:

‍Victor Song, PREC

604-779-8408

victor@victorsong.com

www.victorsong.com


Read full post

 

After a quieter first half of 2019, home buyer activity has returned to more historically typical levels in Metro Vancouver. In today’s market, the intensity of home buyer demand depends on neighbourhood, property type, and price point.


To better understand conditions in your property type or neighborhood of choice, just give me a call and I can help you develop a strategy to reach your long-term real estate goals.

Victor Song, PREC

604-779-8408

victor@victorsong.com

www.victorsong.com

Read full post
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.