Home Sales Making A Stronger Than Expected Spring Showing.... So Far
Posted on Apr 04, 2023 in Market Update
Reports from the Real Estate Board of Greater Vancouver show a total of 2,535 home sales for March 2023...
Inventory Inches Up, Transactions Down, Shouldn't Prices Drop As well??
Posted on Mar 17, 2023 in Market Update
Low Inventory And Low Transaction Numbers To start off A Slow January 2023
Posted on Feb 07, 2023
Last month’s sales were 42.9 per cent below the 10-year January sales average.
“Due to seasonalit...
Rising Interest Rates Bring Caution To Close 2022
Posted on Jan 05, 2023
Metro Vancouver's housing market saw a decrease in sales in 2022 due to rising borrowing costs caused by the Bank of Canada's efforts to combat inflation. According to the Real Estate Board of Greater Vancouver, there were 28,903 residential home sales in the region in 2022, a 34.3% decrease from 2021 and a 6.6% decrease from 2020. The number of sa...
Home Market Continues Trend Below Averages In November
Posted on Dec 06, 2022
While traditionally a quiet month for activity in the market, November’s sales and listing activity has been below the long-term averages that are usually observed.
Home sales for Greater Vancouver reached a total of 1,614 doe November of this year; which is a 52.9% decrease from November of last year (3,428) and a 15.2% decrease from October 2022.
T...
Temperatures Drop Along With Sales Activity Across Metro Vancouver In October
Posted on Nov 09, 2022
Statistics reported by The Real Estate Board of Greater Vancouver (REBGV) has shown that there was a total of 1,903 during October 2022 for residential sales. This is a 45.5% decrease from the same month last year and a 12.8% increase from the 1,687 homes sold in September of this year.
“Inflation and rising interest rates continue to dominate headl...