News: Vancouver Real Estate Market
Posted on
January 16, 2025
by
David Reimers
Activity picked up pace in the final quarter of 2024, leading to moderate price increases and paving the way for a brisk spring market. Highlights: Royal LePage forecasts that the aggregate price of Canadian homes will increase 6.0 percent in the fourth quarter of 2025, compared to 2024’s Q4. Housing policy and affordability are expected to be primary ballot box issues shaping voters’ decisions in the federal election. Greater Montreal Area’s aggregate home price increased 8.2 percent year-over-year,...
Posted on
April 24, 2020
by
David Reimers
Posted in
2020 Market Report, Aggregate Home Price, Canada Home Prices, City of Vancouver, Condominium, COVID-19 impact on home prices, First Quarter, Greater Vancouver, Greater Vancouver Housing, Home Price, Market Forecast, Market Statistics, Metro Vancouver, Real Estate Sales, Residential Homes, RLP Market Forecast, Royal LePage Market Forecast
Canada's aggregate home prices are predicted to grow 1% by the end of 2020 in a best-case scenario. If the restrictions remain in place through late summer, a national home price decrease of 3% is expected by the end of 2020. In the first quarter of 2020, the aggregate home price in Canada climbed 4.4% year-over-year.

Where does Greater Vancouver stand in all of this?
During the first quarter of 2020, the aggregate price of a home in Greater Vancouver decreased by 2.1% year-over-year to $1,083,166...
Posted on
April 2, 2020
by
David Reimers
Posted in
2020 market report, Attached home, Benchmark price, COVID-19 impact, Detached homes, Greater Vancouver, Home Price Index, Housing market, Impact of COVID-19 on housing, Market forecast, Metro Vancouver, Real Estate Board of Greater Vancouver, Real estate market update, Real estate sales, REBGV
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.

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...
Posted on
November 14, 2018
by
David Reimers
Vancouver, BC – October 11, 2018.The British Columbia Real Estate Association (BCREA) reports that a total of 5,573 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in September, a 33.2 per cent decrease from the same month last year. The average MLS® residential price in BC was $685,749, down 1.1 per cent from September 2017. Total sales dollar volume was $3.8 billion, a 34 per cent decline from September 2017.
“BC home sales...
Posted on
June 4, 2018
by
David Reimers
VANCOUVER, BC – June 4, 2018 – Home buyer demand continues to decline across the Metro Vancouver* housing market.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,833 in May 2018, a 35.1 per cent decrease from the 4,364 sales recorded in May 2017, and a 9.8 per cent increase compared to April 2018 when 2,579 homes sold.
Last month’s sales were 19.3 per cent below the 10-year May sales average....
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