January 2023

Rising mortgage rates brought uncertainty and caution to Metro Vancouver’s housing market in 2022

Posted on Jan 04, 2023 in Market Statistics

Residential Average Sale Price RASP December 2022 Chris Frederickson Real Estate Vancouver

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...

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