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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.

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 […]

New BC Government Regulations for Short-Term Rentals in 2024

Short Term Rental Sign

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 […]

First Time Home Buyer Incentive Programs 2023

first-time-homebuyers

Here are several programs and incentives that exist in British Columbia and Canada to support first-time homebuyers:   CANADIAN GOVERNMENT PROGRAMS   First-Time Home Buyer Incentive (Government Shared Equity up to 10%) The First-Time Home Buyer Incentive helps first-time homebuyers without adding to their financial burdens. Eligible first-time homebuyers who have the minimum down payment […]

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 […]

Bank of Canada Interest Rate Announcement – Oct 25, 2023

bank of canada

The Bank of Canada maintained its overnight rate at 5 per cent this morning. In the statement accompanying the decision, the Bank noted that there is growing evidence that higher interest rates are dampening economic activity, and it expects growth to be weak through 2024. On inflation, the Bank sees little downward momentum in its […]

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 […]

Seasonal Slowdown Brings Price Stability

english bay summer - 500

As summer winds to a close, higher borrowing costs have begun to permeate the Metro Vancouver housing market in predictable ways, with price gains cooling and sales slowing along the typical seasonal pattern. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,296 in August 2023, a 21.4 per […]

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 […]

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