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...
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.
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.
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...