As inventory increases, price gains relent in Metro Vancouver to begin the fall season
Posted on Oct 04, 2023 in Market Statistics
The month-over-month price gains seen earlier this year abated in the Metro Vancouver housing market in September due to a seasonal decline in sales and a modest increase in inventory levels across the region.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,926 in September 2023, a 13...
Seasonal slowdown brings price stability to Metro Vancouver
Posted on Sep 05, 2023 in Market Statistics
As summer winds to a close, higher borrowing costs have begun to permeate the Metro Vancouver housing market in predictable ways, with price gains cooling and sales slowing along the typical seasonal pattern.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,296 in August 2023, a 21.4 pe...
Strong sales push Metro Vancouver home prices past the rate hike in July
Posted on Aug 02, 2023 in Market Statistics
Home prices across all home types in Metro Vancouver rose again in July, as strong sales figures continue to push up against low levels of housing inventory in the region.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,455 in July 2023, a 28.9 per cent increase from the 1,904 sales re...
Home prices continue to rise in Metro Vancouver’s housing market to kick off the summer
Posted on Jul 05, 2023
Continuing the trend that has emerged in the housing market this year, the benchmark price for all home types in Metro Vancouver increased in June as home buyer demand butted up against a limited inventory of homes for sale in the region.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2...
Competition among buyers in Metro Vancouver’s housing market heats up as summer arrives
Posted on Jun 02, 2023 in Market Statistics
While the year started slower than usual, Metro Vancouver’s housing market is showing signs of heating up as summer arrives, with prices increasing for the sixth consecutive month.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,411 in May 2023, which is a 15.7 per cent increase from t...
Prices continue rising across Metro Vancouver as home buyer confidence returns
Posted on May 02, 2023 in Market Statistics
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 Estate Board of Greater Vancouver (REBGV) reports that resident...
Spring brings renewed price growth across Metro Vancouver’s housing market while new listings remain dormant
Posted on Apr 04, 2023 in Market Statistics
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 Real Estate Board of Greater Vancouver (REBGV) reports that resid...
Below average home sales allow inventory to inch upwards
Posted on Mar 02, 2023 in Market Statistics
February listing data show a continued reluctance among prospective home sellers to engage in Metro Vancouver’s housing market, leading to below-average sales activity. With sales remaining well-below historical norms, the number of available homes for sale in the region have continued inching upwards.
The Real Estate Board of Greater Vancouver (RE...
Home sales decline below long-term averages and inventory remains low to start 2023
Posted on Feb 02, 2023 in Market Statistics
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 cent decrease from the 2,285 sales recorded in January 2022, and a 21.1 per cent decrease f...
Rising mortgage rates brought uncertainty and caution to Metro Vancouver’s housing market in 2022
Posted on Jan 04, 2023 in Market Statistics
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 Vancouver (REBGV) reports that residential home sales in the region totalled 28,903 in 2022, a 34...
Home sale and listing activity continue trending below long-term averages in November
Posted on Dec 02, 2022 in Market Statistics
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.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,614 in November 2022, a 52.9 per cent decrease from the 3,428 sales recorded i...
Inflation, rising interest rates create caution across Metro Vancouver’s housing market
Posted on Nov 02, 2022 in Market Statistics
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 decrease from the 3,494 sales recorded in October 2021, and a 12.8 per cent inc...
