Stats! Seasonal slowdown brings price stability to Metro Vancouver   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 ...

Stats! Strong sales push Metro Vancouver home prices past the rate hike in July   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 ...

Stats! Home prices continue to rise in Metro Vancouver’s housing market to kick off the summer Continuing the trend that has emerged in the housing market this year, the benchmark price for all home types in Metro Vancouver1 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) ...

STATS! Competition among buyers in Metro Vancouver’s housing market heats up as summer arrives   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 region totall ...

Stats! Prices continue rising across Metro Vancouver as home buyer confidence returns   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 Boa ...

Stats! 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 borrow ...

Stats! Below average home sales allow inventory to inch upwards   February listing data show a continued reluctance among prospective home sellers to engage in Metro Vancouver’s housing market, leading to below-average sales activity. With sales remaining well-below historical norms, the number of available homes for sale in the region have continued inching upwards.  The Real Estate Bo ...

Stats! Home sales decline below long-term averages and inventory remains low to start 2023 Inventory remains low in Metro Vancouver while home sales dipped well below monthly historical averages in January. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,022 in January 2023, a 55.3 per cent decrease from the 2,285 sale ...

Rising mortgage rates brought uncertainty and caution to Metro Vancouver’s housing market in 2022 After seeing record sales and prices during the pandemic, Metro Vancouver’s housing market experienced a year of caution in 2022 due to rising borrowing costs fueled by the Bank of Canada’s ongoing battle with inflation. The Real Estate Board of Greater Vancouver (REBGV) reports that reside ...