News: Vancouver Real Estate MarketMetro Vancouver housing market holds steady in October The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales in the region totalled 1,996 in October 2023, a 3.7% increase from the 1,924 sales recorded in October 2022. This total is 29.5% below the 10-year seasonal average (2,832) for October. "With properties coming to market at a rate roughly five% above the ten-year seasonal average,... STEADY HOME PRICES PROVIDES COMFORT FOR BUYERS AND SELLERS IN TODAY'S MARKET
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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.
"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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