News: Vancouver Real Estate Market

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Posted in 2023 Market Report, Greater Vancouver Housing, Residential Housing Market
An increase in newly listed properties is providing more choice to home buyers across Metro Vancouver, but sales remain below long-term averages.

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,...

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Posted in Active Listings, Attached Homes, BC Home Prices, Benchmark Price, Covid-19 Housing Market Update, Detached Homes, Greater Vancouver, Home Buyers, Home Owners, Housing Market, Metro Vancouver, Multiple Listing Service, Real Estate Board of Greater Vancouver, Real Estate Market Update, Real Estate Sales, Real Estate Statistics, REBGV, Residential Housing Market

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.

Real Estate Market Update REBGV

"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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