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News & Tips

It’s our privilege to be your trusted source of information on Vancouver’s real estate market updates so that you can stay current with the latest tips, trends, and stats. Feel free to contact us anytime with your questions.

Home Buyer Competition Intensifies

house for sale-sold 2017

Competition amongst home buyers is putting upward pressure on home prices across Metro Vancouver’s housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,727 in February 2021, a 73.3 per cent increase from the 2,150 sales recorded in February 2020, and a 56 per cent […]

Vancouver Home Buyer Demand Remains Elevated

couple looking at house 1st time buyers

In the first month of 2021, Metro Vancouver’s housing market continued the pattern set at the end of last year with home sale activity outpacing the supply of homes listed for sale.   The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,389 in January 2021, a […]

Vancouver Housing Market Shows Resilience in 2020

2020 Dec Housing Market Shows Resilience

Jan 5, 2021 – Strong December activity brought Metro Vancouver’s 2020 home sales total in line with the region’s long-term annual average.   The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 30,944 in 2020, a 22.1 per cent increase from the 25,351 sales recorded in 2019, […]

Buyer Demand Pushes Detached Home & Townhouse Prices Upward

Christmas House Exterior red door decorations

  “Home buyer demand has been at near record levels in our region since the summer … putting upward pressure on home prices, particularly in our detached and townhome markets. The total number of homes for sale in Metro Vancouver is lagging behind the pace of demand right now. This trend favours home sellers in […]

Fall Housing Market Update

REBGV market update white

Home Sales & Prices Climb in September Real Estate Board of Greater Vancouver chair describes the Vancouver housing market as “robust” with September home sales hitting a historic 10-year high.   “This increased activity can be attributed, in part, to lower interest rates and changing housing needs during the COVID-19 pandemic.”   Buyers are seeking […]

Vancouver housing market sees steady summer activity

2020-Aug REB Sales to Active Listings Ratio

  Home buyer and seller activity in Metro Vancouver exceeded historical levels in July The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,128 in July 2020, a 22.3 per cent increase from the 2,557 sales recorded in July 2019, and a 28 per cent increase from […]

Prices Steady As Home Sales Rise

English Bay Vancouver Summer

Home sales activity rose 65% compared to previous month of May 2020, while home prices experienced minimal change.    The benchmark price for all Metro Vancouver homes that sold in June was $1,025,300, which was down 0.3% from May but up 3.5% from the same month a year ago: DETACHED home prices rose 0.5% compared […]

Sellers & Buyers Adapting To The New Norm

Spring Detached House with pink flowers

Buyers and Sellers are growing comfortable and adapting to the new real estate market norm: no open houses, virtual tours to showcase properties, COVID waivers and safety protocols for showings. Metro Vancouver saw a 37% decrease in homes listed for sale compared to a year ago May 2019, but a 59% increase compared to the […]

Downturn in Listings & Sales Provides Opportunities for both Sellers & Buyers

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Due to physical distancing measures and economic uncertainty, April home sales volume dropped 56% compared to the previous month March 2020. However, home sales prices have so far remained fairly steady since the COVID-19 situation worsened in March. Sellers are currently taking advantage of the relatively low spring inventory which means less competition, while Buyers […]

COVID-19 Impacts Vancouver Housing Market

COVID-housing-market

Prior to Covid-19 stay-at-home measures, Greater Vancouver was experiencing a very strong start to the year.  The first two weeks of March were the busiest days of the year for the region with heightened demand and multiple offers being more common. As expected, the number of showings and sales slowed in the last two weeks […]

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