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Category: Market Updates

January Home Sales Rise As Demand Outpaces Newly Listed Properties

home for sale sold sign

Home sales across Metro Vancouver’s housing market off to strong start in 2024 While the Metro Vancouver market ended 2023 in balanced market territory, conditions in January began shifting back in favour of sellers as the pace of newly listed properties did not keep up with the jump in home sales. The Real Estate Board […]

Vancouver Housing Market Shows Resilience in 2023

2023 to 2024 changing cubes - 3D rendering

Metro Vancouver housing market shows resilience in 2023, ending the year in balanced territory   Metro Vancouver’s housing market closed out 2023 with balanced market conditions, but the year-end totals mask a story of surprising resilience in the face of the highest borrowing costs seen in over a decade. The Real Estate Board of Greater Vancouver […]

Holiday Season Brings Balanced Market Conditions

Christmas living room decor

Balanced conditions come to the Metro Vancouver housing market for the holiday season   With one month left in 2023, a steady increase in housing inventory is offering home buyers across Metro Vancouver1 among the largest selection to choose from since 2021.   The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales […]

Housing Supply Outpaces Buyer Demand

Autumn leaves pumpkins house entrance(1)

An increase in newly listed properties is providing more choice to home buyers across Metro Vancouver, but sales remain below long-term averages. VANCOUVER, BC – November 2, 2023 – The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales in the region totalled 1,996 in October 2023, a 3.7 per cent increase from […]

Higher Inventory, Slower Sales, More Balanced Market Conditions

Autumn House by River

As inventory increases, price gains relent in Metro Vancouver to begin the fall season The month-over-month price gains seen earlier this year abated in the Metro Vancouver housing market in September due to a seasonal decline in sales and a modest increase in inventory levels across the region. The Real Estate Board of Greater Vancouver […]

Strong Home Sales Push Prices Past the Rate Hike in July

REBGV Home Price Index August Stats Release

Home prices across all home types in Metro Vancouver rose again in July, as strong sales figures continue to push up against low levels of housing inventory in the region. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,455 in July 2023, a 28.9 per cent […]

Vancouver Home Prices Heat Up For Summer

kits pool beach(R)- across from melton

Continuing the trend that has emerged in the housing market this year, the benchmark price for all home types in Metro Vancouver increased in June as home buyer demand butted up against a limited inventory of homes for sale in the region. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales […]

Competition Among Buyers Heats Up

REB Update

Competition among buyers in Vancouver’s housing market heats up in May   While the year started slower than usual, Metro Vancouver’s housing market is showing signs of heating up as summer arrives, with prices increasing for the sixth consecutive month.   The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the […]

Home Sales & Prices Rebound As Buyer Confidence Returns

couple looking at house 1st time buyers

With listing activity remaining below historical norms, home sales in Metro Vancouver have mounted a surprising comeback, rising near levels seen last spring, before eight consecutive interest rate hikes eroded borrowing power and brought home sales activity down along with it. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in […]

Spring Brings Renewed Price Growth While New Listings Remain Dormant

spring home for sale sign flowers hedges

Spring brings renewed price growth across Metro Vancouver’s housing market while new listings remain dormant Home prices across Metro Vancouver’s housing market showed modest increases in March, while new listings remained below long-term historical averages. March data also indicates home sales are making a stronger than expected spring showing so far, despite elevated borrowing costs. […]

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