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Vancouver Real Estate Market Update, April 2023

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 it. The Real... Read more »...
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Vancouver Real Estate Market Update, March 2023

Spring 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 borrowing costs. The... Read more »...
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Vancouver Real Estate Market Update, January 2023

Home 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 per... Read more »...
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Vancouver Real Estate Market Update, December 2022

Rising 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 of Greater... Read more »...
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Vancouver Real Estate Market Update, November 2022

Home 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 totalled 1,614... Read more »...
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