News: Vancouver Real Estate Market

Metro Vancouver's housing market has entered a new cycle marked by quieter home buyer demand and a gradual rise in the supply of homes for sale.

Greater Vancouver real estate market stats

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,887 in July 2022, a 43.3% decrease from the 3,326 sales recorded in July 2021, and a 22.8% decrease from the 2,444 homes sold in June 2022.

Last month's sales were 35.2% below the 10-year July sales average.

"Home buyers are exercising more caution...

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