Market Update

As The Stock Of Homes Rises, Price Increases Ease Up In Metro Vancouver In Fall

Posted on Oct 19, 2023 in Market Update

The earlier monthly increases in prices observed in the Metro Vancouver housing market subsided in September. This shift was attributed to a seasonal decrease in sales and a slight uptick in inventory levels throughout the region.
According to the Real Estate Board of Greater Vancouver (REBGV), residential home sales reached 1,926 in September 2023...

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Pricing Stability In Sight For Metro Vancouver

Posted on Sep 12, 2023 in Market Update

Higher borrowing costs is starting to shift the housing market more in line with a typical seasonal pattern for Fall with price gains slowing and the number of transactions lowering.

Sales of residential properties reached a total of 2,296 in August 2023 as reported by the Real Estate Board of Greater Vancouver (REBGV). This is a 21.4% increase from...

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Rate Hikes Still Not Holding Back Prices Of Real Estate In Metro Vancouver

Posted on Aug 03, 2023 in Market Update

The prices of homes across all home types in Metro Vancouver rose yet again in July; as strong sales meet the tides of low inventory.

The Real Estate Board of Greater Vancouver has reported that there was a total of 2,455 homes sold in July, which is a 28.9% increase from July of last year and is 15.6% lower than the 10-year seasonal average.


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Fierce Competition Among Buyers In The Metro Vancouver Housing Market 

Posted on Jun 09, 2023 in Market Update

Metro Vancouver’s real estate market got off to a slower than usual start, but has since heated up and has experienced a price increase for the 6th month in a row.

The total number of homes that sold in the region was 3,411 for May 2023. This is a 15.7% increase from May of last year and a 1.4% drop from the 10-year seasonal average.

“Back in January...

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Rising Temperatures In Vancouver Match Rising Prices Of Housing

Posted on May 17, 2023 in Market Update

Due to the sheer lack of numbers in listings that remain lower than the typical seasonal norms for Metro Vancouver it has caused the pricing to raise as the number of sales is rising to the same levels of last spring; prior to the 8 interest rate increases that had slowed down the sales activity and reduced purchasers buying power.

Sales reported by...

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Home Sales Making A Stronger Than Expected Spring Showing.... So Far

Posted on Apr 04, 2023 in Market Update

Metro Vancouver saw a slight increase to the prices, while listings continue to be below the 10-year averages and data shows that transaction numbers have been higher than anticipated this spring while still experiencing elevated borrowing costs.
Reports from the Real Estate Board of Greater Vancouver show a total of 2,535 home sales for March 2023...

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