News: Vancouver Real Estate Market
Posted on
May 6, 2025
by
David Reimers
VANCOUVER, BC – May 2, 2025 – The cooler trend in Metro Vancouver’s housing market continued through April, as home sales remained well below typical seasonal levels. Despite improved borrowing conditions, many buyers are still taking a wait-and-see approach. According to the Greater Vancouver REALTORS® (GVR), residential home sales totalled 2,163 in April 2025, marking a 23.6% decline from the 2,831 sales recorded in April 2024. Sales also fell 28.2% below the 10-year seasonal average of 3,014. “From...
Posted on
January 6, 2025
by
David Reimers
Posted in
december sales, Greater Vancouver, greater vancouver house prices, greater vancouver housing market, Greater Vancouver Market Forecast, Greater Vancouver Market Updates, Greater Vancouver Real Estate Market, Greater Vancouver real estate market update, greater vancouver realtors, Home Evaluation, home sales, market report, Metro Vancouver Real Estate
Home sales registered on the Multiple Listing Service® (MLS®) in Metro Vancouver increased over 30 % in December, compared to the previous year, signaling strengthening demand-side momentum to close-out the year. The Greater Vancouver REALTORS® (GVR) reports that regional residential sales totaled 26,561 in 2024, a 1.2 % rise from 26,249 sales in 2023, and a 9.2 % decrease from the 29,261 sales in 2022. The total of last year’s sales was 20.9 % below the 10-year annual sales average of 33,559....
Posted on
November 4, 2024
by
David Reimers
After months of tracking approximately 20% below the ten-year seasonal average, Metro Vancouver home sales surged more than 30% year-over-year in October. The Greater Vancouver REALTORS® (GVR) reports that residential sales registered on the Multiple Listing Service® (MLS®) in the region totalled 2,632 in October 2024, a 31.9% increase from the 1,996 sales recorded in October 2023. This was 5.5% below the 10-year seasonal average (2,784). “Typically, reductions to mortgage rates boost demand,...
Posted on
August 2, 2024
by
David Reimers
Posted in
2024 Market Report, Greater Vancouver, greater vancouver house prices, greater vancouver housing market, Greater Vancouver Market Forecast, Greater Vancouver Market Updates, greater vancouver real estate, Greater Vancouver Real Estate Market, Greater Vancouver real estate market update, greater vancouver realtors, Home Evaluation
Newly listed properties registered on the Multiple Listing Service® (MLS®) rose nearly 20% year over year in July, helping to maintain a healthy level of inventory in the Metro Vancouver housing market. On the demand side, the Greater Vancouver REALTORS®2 (GVR) reports that residential sales in the region totalled 2,333 in July 2024, a 5% decrease from the 2,455 sales recorded in July 2023. This was 17.6% below the 10-year seasonal average (2,831). “The trend of buyers remaining hesitant, that...
Posted on
May 10, 2022
by
David Reimers
Detached home prices increased 20.7% in the first quarter of 2022
According to the Royal LePage House Price Survey released today, the aggregate price of a home in Greater Vancouver increased 18.2% 1 year-over-year to $1,368,600 in the first quarter of 2022. Broken out by housing type, the median price of a single-family detached home increased 20.7% to $1,870,100, while the median price of a condominium increased 20.4% to $828,400 during the same period.
"While the supply of listings is beginning...
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