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Category: Market Updates

November Sees Falling Home Sales & Balanced Market Conditions

2022-November-stats-graphic-770

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 in November 2022, a 52.9 per cent decrease from the 3,428 sales […]

Rising Interest Rates, Inflation Create Caution In The Housing Market

autum in vancouver

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 […]

More Home Sellers & Fewer Buyers in September

vancouver in fall

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 2022, a 46.4 per cent decrease from the 3,149 sales recorded in September […]

Fewer Home Buyers and Sellers in August

Summer Vancouver Beach Sunset

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 cent decrease from […]

Home Buyer Demand Continues To Ease

New Listing Sign Post

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 in July 2022, a 43.3 per cent decrease from the 3,326 […]

Home Listings Up, Sales Down, Prices Starting to Decrease

English Bay Vancouver Summer

With interest rates and housing supply increasing, Metro Vancouver home buyers are operating in a changing marketplace to begin the summer season. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,444 in June 2022, a 35 per cent decrease from the 3,762 sales recorded in June […]

Home Sales Ease Down from the Record-breaking Pace of the Last Year

Spring Detached House with pink flowers

Vancouver home sales return to more traditional levels in April   Home buyer demand in Metro Vancouver returned to more historically typical levels in April. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,232 in April 2022, a 34.1 per cent decrease from the 4,908 sales […]

Calmer than last spring’s record pace, Vancouver home buyer demand remains elevated

blossom-home background

While down from last year’s record numbers, home sale activity in Metro Vancouver’s housing market remained elevated in March. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 4,344 in March 2022, a 23.9 per cent decrease from the 5,708 sales recorded in March 2021, and a […]

Steady Demand & Home Price Gains Continue in Vancouver

House on wooden floor , home concept

Listings inch up, demand remains steady and price gains continue in Metro Vancouver’s housing market in February The Metro Vancouver housing market saw steady home sales activity, modest increases in home listings and continued upward trends in pricing in February. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the […]

‘Fierce Competition’ For A ‘Scarce’ Number Of Homes

2022 Real Estate

Low supply keeps upward pressure on home prices across Metro Vancouver’s housing market The first month of 2022 saw home sales come down from last year’s record-setting pace, while low supply continued to cause home prices to edge higher across Metro Vancouver. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales […]

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