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Category: Market Updates

Home Listings Up, Sales Down & Prices Drop to Start Summer

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 […]

Vancouver Home Sales Set a Record in 2021

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Metro Vancouver home sales reached an all-time high in 2021 as housing needs remained a top priority for residents in the second year of the COVID-19 pandemic. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 43,999 in 2021, a 42.2 per cent increase from the 30,944 […]

Home Sales & Prices Edge Higher, Supply Remains Low

christmas wreath red door

“The imbalance between supply and demand, coupled with some buyers wanting to use rate holds on lower rate fixed-term mortgages, is keeping upward pressure on home prices in this traditionally quieter time of year for the market … We expect home sale totals to end the year at or near an all-time record in our […]

Prices Rise As Home Buyers Compete For Fewer Listings

A row a new townhouses in Richmond, British Columbia

Home sale activity in Metro Vancouver remained above historical averages in October while the overall supply of homes for sale dipped to levels not seen in three years. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,494 in October 2021, a 5.2 per cent decrease from the […]

Buyer Demand Outstrips Housing Supply

vancouver in fall

  “The total inventory of homes for sale remains insufficient to meet the demand in today’s market. This scarcity limits peoples’ purchasing options and ultimately adds upward pressure on home prices” – Keith Stewart, Real Estate Board of Greater Vancouver economist   “…Market conditions continue to be challenging for buyers,” added Larry Anderson, president of […]

Summer Home Listing Supply Declines Across Metro Vancouver

english bay summer - 500

While home buyers have remained active in Metro Vancouver throughout the summer, the supply of homes for sale has declined steadily since June. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,152 in August 2021, a 3.4 per cent increase from the 3,047 sales recorded in […]

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