Prices continue rising across Metro Vancouver as home buyer confidence returns With listing activity remaining below historical norms, home sales in Metro Vancouver have mounted a surprising comeback, rising near levels seen last spring, before eight consecutive interest rate hikes eroded borrowing power and brought home sales activity down along with ...
Continue ReadingSpring brings renewed price growth across Metro Vancouver’s housing market while new listings remain dormant Home prices across Metro Vancouver’s housing market showed modest increases in March, while new listings remained below long-term historical averages. March data also indicates home sales are making a stronger than expected spring showing so far, despite elevated ...
Continue ReadingHome sales decline below long-term averages and inventory remains low to start 2023 Inventory remains low in Metro Vancouver while home sales dipped well below monthly historical averages in January. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,022 in January 2023, a 55.3 ...
Continue ReadingRising mortgage rates brought uncertainty and caution to Metro Vancouver’s housing market in 2022 After seeing record sales and prices during the pandemic, Metro Vancouver’s housing market experienced a year of caution in 2022 due to rising borrowing costs fueled by the Bank of Canada’s ongoing battle with inflation. The Real Estate Board ...
Continue ReadingHome sale and listing activity continue trending below long-term averages in November: While typically a quiet month of market activity based on seasonal patterns, November home sale and listing totals lagged below the region’s long-term averages. Sales The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region ...
Continue ReadingInflation, rising interest rates create caution across Metro Vancouver’s housing market Home sale activity across the Metro Vancouver housing market continued to trend well below historical averages in October. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,903 in October 2022, a 45.5 per cent ...
Continue ReadingMetro Vancouver saw more home sellers and fewer buyers in September Home sellers were more active in Metro Vancouver’s housing market in September while home buyer demand remained below the region’s long-term averages. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,687 in September ...
Continue ReadingMetro Vancouver’s housing market sees fewer home buyers and sellers in August Metro Vancouver’s housing market is experiencing a quieter summer season marked by reduced sale and listing activity. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,870 in August 2022, a 40.7 per ...
Continue ReadingHome buyer demand continues to ease across Metro Vancouver Metro Vancouver’s housing market has entered a new cycle marked by quieter home buyer demand and a gradual rise in the supply of homes for sale. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,887 ...
Continue ReadingA new homebuyer protection period will protect people in B.C. looking to buy a home from being pressured into high-risk sales.The period is the first of its kind in Canada and marks the first key action the Province is taking based on the B.C. Financial Services Authority’s (BCFSA) report on ways ...
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