The Federal government’s new legislation banning foreign buyers from directly or indirectly purchasing property in Canada for a period of 2 years came into effect on January 1, 2023.
Who is a Foreign...
Blog & News: Vancouver Real Estate Market
Canada ends 2022 with modest decline in national aggregate home price; prices remain well above pre-pandemic levels
According to the Royal LePage House Price Survey released today, the aggregate price of a home in Canada decreased 2.8 per cent year-over year to $757,100 in the fourth quarter of 2022; the first...
Key facts about the B.C. homebuyers 3 day rescission period
On January 1, 2023 the government introduced a cooling off period for buyers, a home buyer protection period, that allows home buyers three business days to back out of an accepted offer.
Key Points about...
Climbing mortgage rates brought uncertainty and prudence to Greater Vancouver’s real estate market in 2022
After seeing record sales and prices during the pandemic, Metro Vancouver's housing market experienced a year of caution in 2022 due to rising borrowing costs fueled by the Bank of Canada's ongoing battle...
Real estate activity trends below long-term averages in November
While typically a quiet month of market activity based on seasonal patterns, November home sale and listing totals lagged below the region’s long-term averages.
The Real Estate Board of Greater Vancouver...
Inflation and rising interest rates continue to weigh on Metro Vancouver's housing market
Home sale activity across the Metro Vancouver housing market continued to trend well below historical averages in October.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home...
September saw more home sellers and fewer buyers in Metro Vancouver
Home sellers were more active in Metro Vancouver's housing market in September while home buyer demand remained below the region's long-term averages.
The Real Estate Board of Greater Vancouver (REBGV)...
Housing market in Metro Vancouver sees fewer home buyers and sellers in August
Metro Vancouver's* housing market is experiencing a quieter summer season marked by reduced sale and listing activity.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales...
Metro Vancouver home buyer demand continues to ease
Metro Vancouver's housing market has entered a new cycle marked by quieter home buyer demand and a gradual rise in the supply of homes for sale.
The Real Estate Board of Greater Vancouver (REBGV) reports...
Royal LePage's Q2 2022 House Price Update and Market Forecast
Increased supply and slowing sales push Greater Vancouver toward balanced market for the first time in more than two years
- Royal LePage reduces national home price...
Listings up, sales down & prices starting to ease
With interest rates and housing supply increasing, Metro Vancouver* home buyers are operating in a changing marketplace to begin the summer season.
The Real Estate Board of Greater Vancouver (REBGV) reports...
Spring brings a calmer housing market to Metro Vancouver
After reaching record-setting levels in 2021, home sale activity has returned to more typical seasonal levels in Metro Vancouver this spring due, in large part, to rising interest rates.
The Real Estate...
Seller’s market persists in Greater Vancouver despite slight rise in supply and some moderation in demand
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 y...
Greater Vancouver home sales come back to more traditional levels in April
Home buyer demand returned to more typical levels in April.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,232 in April 2022, a 34.1% decrease...
Housing was the focus of Federal Budget 2022
Posted in
federal budget
The Federal Budget 2022, released April 7, 2022, had a significant focus on housing for Canadians. Finance Minister Chrystia Freeland laid out how the government is planning to address housing affordability...
HOME BUYER DEMAND REMAIN ELEVATED BUT CALMER THAN LAST SPRING'S RECORD PACE IN METRO VANCOUVER
<p>While down from last year's record numbers, Metro Vancouver's home sale activity remained elevated in March. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales...
DOUBLE DIGIT GAINS FORCAST IN NATIONAL RECREATION HOUSE PRICE IN 2022
Despite a return to pre-pandemis travel and interest rate increases, demand still outnumber supply in amy recreational regions
Highlights:
- Aggregate price of a single-family waterfront property surged...
METRO VANCOUVER'S FEBRUARY HOUSING MARKET DEMAND REMAINED STEADY WHILE LISTINGS AND PRICE GAINS CONTINUED
The Metro Vancouver housing market saw steady home sales activity, modest increases in home listings and continued upward trends in pricing in February.
The Real Estate Board of Greater...
BCREA'S 30 POLICY RECOMMENDATIONS TO STRENGTHEN CONSUMER PROTECTION IN REAL ESTATE
The BC Real Estate Association (BCREA), with support of BC’s real estate boards, published a white paper on February 28, 2022 that contains 30 policy recommendations for the provincial government....
Low supply continues upward pressure on home prices across Greater Vancouver’s housing market
The first month of 2022 saw home sales come down from last year's record-setting pace, while low supply continued to cause home prices to edge higher across Metro Vancouver.
The Real Estate Board...
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), 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 REBGV, 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 REBGV, the FVREB or the CADREB.