News: Vancouver Real Estate Market

Home prices in Metro Vancouver's housing market saw modest increases in March, despite new listings remaining below long-term historical averages. However, data from March suggests that home sales are performing better than expected for the spring season, even with elevated borrowing costs.

The Real Estate Board of Greater Vancouver reports that residential home sales in the region totaled 2,535 in March 2023, a 42.5% decrease from the 4,405 sales recorded in March 2022 and 28.4% below the 10-year...

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Home sale activity across the Metro Vancouver housing market continued to trend well below historical averages in October.

Vancouver real estate stats

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,903 in October 2022, a 45.5% decrease from the 3,494 sales recorded in October last year, and a 12.8% increase from the 1,687 homes sold in September 2022. Last month's sales were 33.3% below the 10-year October sales average.

"Inflation and rising interest rates continue...

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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.