The number of Metro Vancouver*homes listed for sale on the MLS® rose nearly 23% year-over-year, providing more opportunity for buyers looking for a home this spring. The Greater Vancouver REALTORS® (GVR) reports that residential sales3 in the region totaled 2,415 in March 2024, a 4.7% decrease from the 2,535 sales recorded in March 2023. This…
Strength of January 2024 market numbers has our local real estate board saying that their original 2024 forecast may be off! “It’s hard to believe that January sales figures came in so strong after such a quiet December, which saw many buyers and sellers delaying major decisions,” Andrew Lis, REBGV’s director of economics and data…
Economic forecast….. Under the hood, 2024 is poised to be a growth year for the residential market across the Real Estate Board of Greater Vancouver’s areas. Fundamental factors that drive our market, such as household formation, population growth, and employment growth remain fairly strong despite continued concerns of potentially slower economic growth ahead. With that…
The Real Estate Board of Greater Vancouver just released a report saying….. “Under the hood, 2024 is poised to be a growth year for the residential market across the Real Estate Board of Greater Vancouver’s areas. Fundamental factors that drive our market, such as household formation, population growth, and employment growth remain fairly strong despite…
The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales in the region (Metro Vancouver) totalled 26,249 in 2023, a 10.3 per cent decrease from the 29,261 sales recorded in 2022, and a 41.5 per cent decrease from the 44,884 sales in 2021. Last year’s sales total was 23.4 per cent below the…
Our local real estate board reports ‘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 Vancouver among the largest selection to choose from since 2021. The Real Estate Board of Greater Vancouver (REBGV)…
The Real Estate Board of Greater Vancouver housing market remains resilient in the face of challenging economic conditions. Over the past few months, we’ve witnessed an increase in home values, amounting to $31,351 since June. This brings the average home price in Greater Vancouver to $1,301,970, marking a noteworthy year-over-year increase of $62,063. Among the…
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 totaled 1,996 in October 2023, a 3.7 per cent increase…
Our local real estate board reports 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. Sales The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales2 in the…
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. Sales The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,296 in August 2023,…
