News: Vancouver Real Estate Market

Home sale activity in Metro Vancouver remained above historical averages in October while the overall supply of homes for sale dipped to levels not seen in three years.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,494 in Oct. 2021, a 5.2 % decrease from the 3,687 sales recorded in Oct. 2020, and an 11 % increase from the 3,149 homes sold in September 2021.

Last month’s sales were 22.4 % above the 10-year Oct. sales average....

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Greater Vancouver real estate market update


While home buyers remained active in Metro Vancouver throughout the summer, the supply of homes for sale declined steadily since June.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,152 in August 2021, a 3.4% year over year increase and a 5.2% decrease from the 3,326 homes sold in July 2021.

Last month's sales were 20.4% above the 10-year August average.

"August was busier than expected, and listings activity isn't keeping up with...

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The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver today is $1,028,400 according to The Real Estate Board of Greater Vancouver (REBGV). This is virtually unchanged from April 2020, a 1.4% increase over the last three months, and a 2.9% increase compared to May 2019.

Real Estate Market Update REBGV

"Home prices have been stable during the COVID-19 period," Colette Gerber, REBGV Chair said. "While we're seeing a variety of long-term projections for the market, it's critical to...

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The beginning of March saw a steady buyer demand in Metro Vancouver's housing market and a levelling off of activity as the month went on and concerns about the COVID-19 outbreak intensified.

COVID-19 impact on home buying and selling

According to the Real Estate Board of Greater Vancouver (REBGV), residential home sales in the region totalled 2,524 in March 2020, a 46.1% increase from the 1,727 sales recorded in March 2019, and a 17.4% increase from the 2,150 homes sold in February 2020.

Sales from last month were 19.9% below the 10-year...

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The median prices of luxury homes in Greater Vancouver decreased by 6.7% year-over-year to $5,394,594 during the twelve-month period ending January 31, 2020. There was also a deacrese of 4.4% in Luxury apartment-style condominiums to $2,411,773.

Luxury Real Estate Market

Greater Vancouver luxury homes were showing year-over-year declines in median prices for both houses and condominiums over the twelve-month period. Since October 2019, a significant boost in luxury unit sales were observed and this is moving the market towards...

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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.