News: Vancouver Real Estate Market

Discover the latest trends shaping Canada’s housing market with our Q3 2024 House Price Survey. Here’s what you need to know.

Q3 2024 Key Highlights:

• National Trends: The aggregate home price rose a modest 1.6% year over year in Q3 2024, and decreased 1.1% over Q2.

• Regional Insights: While the greater Toronto and Vancouver markets showed little change, rising 0.7% and 0.5%, respectively, Greater Montreal’s aggregate home price increased 5.2% year over year.

• Quebec City Continue to Soar: For the second...

Home sales registered on the MLS® in Metro Vancouver declined 3.8% year over year in September, suggesting recent reductions in borrowing costs are having a limited effect in spurring demand so far.

Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,852 in September 2024, a 3.8% decrease from the 1,926 sales recorded in September 2023. This was 26% below the 10-year seasonal average (2,502).

“Real estate watchers have been monitoring the data for signs of renewed...