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The British Columbia Real Estate Association (BCREA) recently released its 2018 Fourth Quarter Housing Forecast.

Multiple Listing Services (MLS) residential sales in the province are expected to decline 23% to 80,000 units by the end of the year, after recording 103,768 residential sales in 2017. Although those numbers are not ideal for home sellers, don't let it discourage you. MLS residential sales are forecast to increase 12% to 89,500 units in 2019. The 10-year average for MLS residential sales in the province is 84,800 units.

 “The marked erosion of affordability and purchasing power caused by the mortgage stress test and rising interest rates continue to be a drag on the housing demand,” said…

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Vancouver real estate millennials

When it comes to the millennial cohort, the Vancouver real estate market can seem quite bleak on the surface. You can, however, still achieve your dream of Vancouver real estate if you're truly dedicated to it. High prices, low inventory, and new mortgage qualification changes be darned - it's still possible for many to become Vancouver millennial homebuyers with a lot of long-term planning and prioritizing.

If you're looking to become a Vancouver millennial homebuyer in the not-too-distant future, here are some tactics to keep in mind as you're kicking off the planning stages.

Looking for insight on the current Vancouver real estate market? Sign up for our free home finder service to choose the types of homes you're interested in exploring.…

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Affordable Condos in Vancouver

It's no secret that affordability of Vancouver real estate is a frequent topic of conversation these days. The market is especially hot with condos averaging in the high $600,000s, but this hasn't affected the high volume of properties available in Vancouver.

While high-rise condos are extremely popular, a little exploration will reveal a series of low-rise and boutique condos, older apartment-style condos, and row homes available in Vancouver as well. These properties often feature ideal building amenities, adding to the value and convenience of each condo for its residents.

Beyond the variety of buildings, Vancouver is home to all kinds of diverse neighbourhoods to choose from, and it's still very possible to find pockets of more affordable…

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