{"id":470,"date":"2017-01-17T09:00:28","date_gmt":"2017-01-17T14:00:28","guid":{"rendered":"http:\/\/www.juliafreeman.ca\/blog\/?p=470"},"modified":"2017-01-16T19:35:54","modified_gmt":"2017-01-17T00:35:54","slug":"a-heated-year-for-metro-vancouver-real-estate-draws-to-a-close","status":"publish","type":"post","link":"https:\/\/www.juliafreeman.ca\/blog\/2017\/01\/a-heated-year-for-metro-vancouver-real-estate-draws-to-a-close\/","title":{"rendered":"A Heated Year For Metro Vancouver Real Estate Draws to a Close"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>The Metro Vancouver housing market had its third highest selling year on record in 2016, behind only<\/strong> <strong>2015 and 2005<\/strong>. Sales of detached, attached and apartment properties in the region reached 39,943 in 2016, a 5.6 per cent decrease from the 42,326 sales recorded in 2015, and a 20.6 per cent increase over the 33,116 residential sales in 2014.<\/p>\n<p style=\"text-align: justify;\">\u201cIt was an eventful year for real estate in Metro Vancouver. \u00a0<strong>Escalating prices caused by low supply and<\/strong>\u00a0<strong>strong home buyer demand brought more attention to the market than ever before<\/strong>,\u201d Dan Morrison, Real Estate Board of Greater Vancouver (REBGV) president said.<\/p>\n<p style=\"text-align: justify;\">\u201cAs prices rose in the first half of the year, public debate waged about what was fuelling demand and what should be done to stop it. <strong>This led to multiple government interventions into the market. The long-term effects of these actions won\u2019t be fully understood for some time<\/strong>.\u201d<\/p>\n<p style=\"text-align: justify;\">\u201cThe supply of homes for sale couldn&#8217;t keep up with home buyer demand for much of 2016. This allowed home sellers to raise their asking price. <strong>It wasn\u2019t until the last half of the year that prices began to show modest declines<\/strong>.\u201d<\/p>\n<p>To download the complete stats package click <a href=\"http:\/\/www.rebgv.org\/sites\/default\/files\/12.%20REBGV-Stats-Pkg-December-2016%20%281%29.pdf\"><strong>here<\/strong><\/a>.<\/p>\n<p style=\"text-align: right;\">Credit REBGV<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Metro Vancouver housing market had its third highest selling year on record in 2016, behind only 2015 and 2005. Sales of detached, attached and apartment properties in the region &hellip; [<a href=\"https:\/\/www.juliafreeman.ca\/blog\/2017\/01\/a-heated-year-for-metro-vancouver-real-estate-draws-to-a-close\/\">read more<\/a>]<\/p>\n","protected":false},"author":2,"featured_media":472,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"_links":{"self":[{"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/posts\/470"}],"collection":[{"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/comments?post=470"}],"version-history":[{"count":4,"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/posts\/470\/revisions"}],"predecessor-version":[{"id":475,"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/posts\/470\/revisions\/475"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/media\/472"}],"wp:attachment":[{"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/media?parent=470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/categories?post=470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.juliafreeman.ca\/blog\/wp-json\/wp\/v2\/tags?post=470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}