News: Vancouver Real Estate MarketRoyal LePage's Q2 2022 House Price Update and Market ForecastIncreased supply and slowing sales push Greater Vancouver toward balanced market for the first time in more than two years
Listings up, sales down & prices starting to easeWith interest rates and housing supply increasing, Metro Vancouver* home buyers are operating in a changing marketplace to begin the summer season.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,444 in June 2022, a 35% decrease from the 3,762 sales recorded in June 2021, and a 16.2% decrease from the 2,918 homes sold in May 2022. Last month’s sales were 23.3% below the 10-year June sales average. "Home buyers have more selection... |
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