Primary Wildcard for 2024 Real Estate Activity?

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…

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Unexpected Home Sale Surge Closing 2023

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up noticeably on a month-over-month basis in December 2023. Highlights: National home sales jumped 8.7% month-over-month in December. Actual (not seasonally adjusted) monthly activity came in 3.7% above December 2022. The number of newly listed properties dropped 5.1% month-over-month. The…

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