News: Vancouver Real Estate Market

Royal LePage Survey: Nearly half of Canadians aged 25 to 35 own their home; one quarter of these homeowners have purchased a property since the onset of the COVID-19 pandemic

52% say remote work has increased likelihood of moving further from employer


Highlights:

  • 68% of non-homeowners aged 25 to 35 intend to purchase a home within five years
  • 72% of cohort feels confident in their short-term financial outlook
  • 40% of cohort saw their savings grow since mid-March
  • Royal LePage survey includes national,...
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Fourth quarter regional highlights:
  • Price of detached homes continue to outpace condominiums as Canadians trade location for square footage
  • Despite strong push toward the suburbs, Toronto and Montreal single-family homes see double-digit price gains in city centres
  • Median price of a two-storey home in Greater Vancouver rises 8.8% as buyers prioritize square footage
  • Out-of-region buyers spur Maritimes’ home prices, as option of remote work and demand for large, affordable properties grows
  • Aggregate...
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The Royal LePage 2019 Newcomer Survey, shows that Canadian newcomers are heading to make 680,000 home purcahses over the next five years. British Columbia is the third most popular destination for international migration.

There is a 32% homeownership rate in Greater Vancouver. “Greater Vancouver is one of the most desirable places in the world to live and we attract newcomers who are optimistic about what the city has to offer in terms of both lifestyle and employment,” said Randy Ryalls,...

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), 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 REBGV, 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 REBGV, the FVREB or the CADREB.