Taken from www.rebgv.org Member Update December 2023 Stats Package 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 … Read more
Taken from www.rebgv.org Member Update November 2023 Stats Package 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 … Read more
Taken from www.rebgv.org Member Update October 2023 Stats Package Metro Vancouver housing market holds steady in October An increase in newly listed properties is providing more choice to home buyers across Metro Vancouver, but sales remain below long-term averages. The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales in the region … Read more
Taken from www.rebgv.org Member Update August 2023 Stats Package 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 … Read more
Taken from www.rebgv.org Member Update July 2023 Stats Package Strong sales push Metro Vancouver home prices past the rate hike in July Home prices across all home types in Metro Vancouver1 rose again in July, as strong sales figures continue to push up against low levels of housing inventory in the region. The Real … Read more
Taken from www.rebgv.org Member Update June 2023 Stats Package 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 … Read more
Taken from www.rebgv.org Member Update May 2023 Stats Package 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 … Read more
Taken from www.rebgv.org Member Update April 2023 Stats Package 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 … Read more
Taken from www.rebgv.org Member Update March 2023 Stats Package 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 … Read more
Taken from www.rebgv.org Member Update February 2023 Report 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 … Read more
Taken from www.rebgv.org Member Update January 2023 Report 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 … Read more
Taken from www.rebgv.org Member Update December 2022 Report 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 … Read more
Taken from www.rebgv.org Member Update November 2022 Report Home sale and listing activity continue trending below long-term averages in November While typically a quiet month of market activity based on seasonal patterns, November home sale and listing totals lagged below the region’s long-term averages. The Real Estate Board of Greater Vancouver (REBGV) reports that … Read more
Taken from www.rebgv.org Member Update October 2022 Report Inflation, rising interest rates create caution across Metro Vancouver’s housing market Home sale activity across the Metro Vancouver housing market continued to trend well below historical averages in October. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled … Read more
Taken from www.rebgv.org Member Update September 2022 Report Metro Vancouver saw more home sellers and fewer buyers in September Home sellers were more active in Metro Vancouver’s housing market in September while home buyer demand remained below the region’s long-term averages. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales … Read more
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