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Category: Market Updates

Lower Mainland Home Sales Rebound in February

winter snow townhomes

Below average home sales allow inventory to inch upwards 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 […]

Low Home Sales & Inventory Kick Off 2023

2023 House Real Estate Market Image

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 […]

Rising Mortgage Rates Brought Caution to Vancouver’s Housing Market in 2022

REBGV winter image

VANCOUVER, BC – January 4, 2023 – 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 […]

November Sees Falling Home Sales & Balanced Market Conditions

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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

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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 […]

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