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.
Market shifting in buyers’ favour, though hesitation remains Metro Vancouver home sales registered on the MLS® remained below seasonal and historical averages in June. With reduced competition among buyers, inventory has continued to accumulate to levels not seen since the spring of 2019. The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region […]
The number of transactions on the Multiple Listing Service® (MLS®) declined in May compared to what is typical for this time of year in Metro Vancouver. This shift has allowed the inventory of homes available for sale to continue to accumulate with over 13,000 homes now actively listed on the MLS® in the region. The […]
Inventory reaches highest level since the pandemic summer of 2020 Actively listed homes for sale on the MLS® in Metro Vancouver continued climbing in April, up 42 per cent year-over-year, breaching the 12,000 mark, a number not seen in the region since the summer of 2020. Greater Vancouver REALTORS® (GVR) reports that residential sales in […]
The number of Metro Vancouver homes listed for sale on the MLS® rose nearly 23 per cent year-over-year, providing more opportunity for buyers looking for a home this spring. The Greater Vancouver REALTORS® (GVR)2 reports that residential sales3 in the region totalled 2,415 in March 2024, a 4.7 per cent decrease from the 2,535 sales […]
While Metro Vancouver home sellers appeared somewhat hesitant in January, new listings rose 31 per cent year-over-year in February, bringing a significant number of newly listed properties to the market. Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,070 in February 2024, a 13.5 per cent increase from the 1,824 sales […]
Canada is extending its foreign homebuyer ban until 2027. On Feb 4, 2024 – the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced the federal government’s intent to extend by an additional two years, the existing ban on foreign ownership of Canadian housing. Under the ban, which first came into effect in 2023, […]
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 […]
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 […]
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 […]
As of May 2024, the BC Government will be adding its own short-term rental restrictions, which will be in addition to municipal and strata restrictions. The main thrust of the new provincial government legislation is to keep short-term rentals within principal residences only. Although the details are still evolving, below are the current highlights that […]
Copyright© 2024 your HomeTeam ™. All rights reserved.
Website Design and Internet Marketing by Guaranteed SEO
