News: Vancouver Real Estate Market

As a real estate agent serving the Greater Vancouver area, I often hear from clients about the challenges and dreams of owning a home. A recent report from Royal LePage sheds light on an encouraging trend: despite affordability challenges, a quarter of Canadian renters plan to purchase a home within the next two years. This report provides valuable insights into the current mindset of renters and what it means for the real estate market.

Rising Ambitions Amidst Rising Costs

The report highlights that...


The number of transactions on the Multiple Listing Service® (MLS®) saw a decline in May compared to the usual for this period in Metro Vancouver, contributing to the ongoing accumulation of homes available for sale, with over 13,000 homes now actively listed on the MLS® in the region.

The Greater Vancouver REALTORS® (GVR) reported that residential sales in the region totaled 2,733 in May 2024, marking a 19.9% decrease from the 3,411 sales recorded in May 2023. Last month’s sales were also down 19.6%...

Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.