Blog & News: Vancouver Real Estate Market

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Posted in: Attached Home , BC Home Sales , BC Housing Market , BC Real Estate , Covid-19 Housing Market Update , Detached Home , Greater Vancouver , Greater Vancouver Market Updates , Home Buyers , Home owners , Market Data , Market Update , Metro Vancouver , MLS , Multiple Listing Service , Real Estate Board of Greater Vancouver , Real Estate Sales , Real Estate Statistics , REBGV , Statistics Package

In August 2020, residential home sales in the region totaled 3,047 according to the Real Estate Board of Greater Vancouver (REBGV). This is a 36.6% increase from the 2,231 sales recorded in August 2019...

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Posted in: Attached Home , BC Home Sales , BC Housing Market , BC Real Estate , BCREA , British Columbia Real Estate Association , Covid-19 Housing Market Update , Detached Home , Greater Vancouver , Home Buyers , Home Owner , Market Data , Market Update , Metro Vancouver , MLS , Multiple Listing Service , Real Estate Sales , Real Estate Statistics , Statistics Package

In July 2020, the British Columbia Real Estate Association (BCREA) reported a total of 10,090 residential unit sales recorded by the Multiple Listing Service® (MLS®). This showed an increase of...

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Posted in: Attached Home , BC Home Sales , BC Housing Market , BC Real Estate , Cocid-19 Housing Market Update , Detached Home , Greater Vancouver , Home Buyers , Home Owner , Market Data , Market Update , Metro Vancouver , MLS , Multiple Listing Service , Real Estate Board of Greater Vancouver , Real Estate Sales , Real Estate Statistics , REBGV , Statistics Package

In July 2020, residential home sales in the region totaled 3,128 according to the Real Estate Board of Greater Vancouver (REBGV). This represents a 22.3% increase from the 2,557 sales recorded in July 2019...

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Posted in: Attached Homes , Canada Home Prices , Canada Homes , Covid-19 Data , COVID-19 impact on home prices , Customers , Detached Homes , Federal Government Programs , Financial Fitness , Home Buyer , Home Owners , Home Prices , Homebuying Trends , Real Estate , Real Estate Surveys , Survey Results , Survey Statistics

In partnership with Environics, Genworth Canada is excited to share the results of their recent Homeownership and Financial Fitness Study.

Homeownership and Financial Fitness Study

Prior to COVID-19, Canadians and Canadian homeowners were showing...

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Posted in: Attached Homes , BC Home Sales , Bungalow , Condominium , Demand , Detached Homes , Greater Vancouver , Home Buyers , Home Owners , Impact of COVID-19 on housing , Metro Vancouver , Properties For Sale , Real Estate Forecast , Real Estate Forecast , Real Estate Sales , Real Estate Statistics , Royal LePage , Second Quarter Statistics , Supply , The New Normal , Vancouver Real Estate

Royal LePage revises Canadian home price forecast upwards to 2.3% by year-end 2020, as low rates and pent-up demand face limited housing supply.

Real Estate Second Quarter Statistics 2020

What does this mean for Greater Vancouver?

In the second...

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Posted in: Attached Home , BC Home Sales , BC Housing Market , BC Real Estate , Covid-19 Housing Market Update , Detached Home , Greater Vancouver , Home Buyers , Home Owner , Market Data , Market Update , Metro Vancouver , MLS , Multiple Listing Service , Real Estate Board of Greater Vancouver , Real Estate Sales , Real Estate Statistics , REBGV , Statistics Package

Residential home sales in the region totalled 2,443 in June 2020 accroding to the Real Estate Board of Greater Vancouver (REBGV). This is a 17.6% increase from 2,077 sales recorded in June 2019 and a 64.5%...

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Posted in: Attached Homes , BC Home Sales , BCREA , BCREA Forecast , British Columbia Real Estate Association , Covid-19 impact on home prices , Detached Homes , Greater Vancouver , Home Buyers , Home Owners , Housing Forecast , Metro Vancouver , MLS , Multiple Listing Service , Pandemic , Real Estate Market Forecast , Recession , Residential Sales

The British Columbia Real Estate Association (BCREA) has released its 2020 Second Quarter Forecast. According to the release, a 21% decline in Multiple Listing Service® (MLS®) residential sales...

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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...

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Posted in: BC Home Sales , BCREA , British Columbia Real Estate Association , Covid-19 Housing Market Update , COVID-19 impact on home prices , Greater Vancouver , Home Buyers , Home Owners , Home Prices , Metro Vancouver , MLS , MLS Home Sales , MLS listings , Multiple Listing Service , Real Estate Market , Residential Homes , The New Normal

According to the British Columbia Real Estate Association (BCREA), there was a total of 3,284 residential units recorded by the Multiple Listing Service® (MLS®) in April 2020. This is a decline...

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Posted in: Active MLS Listings , Apartment Homes , Attached Homes , BC Home Prices , BC Home Sales , Benchmark Price , Covid-19 impact on home prices , Detached Homes , Greater Vancouver , Greater Vancouver Real Estate , Metro Vancouver , MLS , Multiple Listing Service , Real Estate Board of Greater Vancouver , Real Estate Sales , REBGV , Residential Home Sales

In April 2020, the residential home sales in the region totaled 1,109 as per the Real Estate Board of Greater Vancouver (REBGV). This is a 39.4% decrease from the 1,829 sales recorded in April 2019 and...

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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...

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Posted in: BC Home Sales , BC Housing Market , BC Provincial GDP , BCREA , British Columbia Real Estate Association , Canadian Economy , COVID-19 Economic Data , COVID-19 Recession , Economic Growth , Economic impact of COVID-19 , Greater Vancouver , Home Owners , Interest Rates , Metro Vancouver , Residential Homes , Unemployment Rate

In the past 40 years, the Canadian economy has had three recessions, each of them different in cause, depth, and duration. The 2020 COVID-19 recession is said to be deep, but will not last long when compared...

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Posted in: BC Home Rentals , BC Temporary Rental Supplement Program , BC-TRS , Covid-19 , Dependents , Eligible Households , Greater Vancouver , Home For Rent , Household Income , Impact of COVID-19 on housing , Landlord , Metro Vancouver , Monthly Rent , Rent Assistance , Rental Income , Rentals , Renting in BC , Residential Homes , Tenancy Agreement , Tenant

The BC Temporary Rental Supplement (BC-TRS) Program aims at offering up to $500 a month to assist renters and landlords during the COVID-19 pandemic. This is part of the province's $5 billion action plan...

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Posted in: Attached Homes , BC Home Sales , BCREA , British Columbia Real Estate , Covid-19 Housing Market Update , Detached Homes , Greater Vancouver , Home Owners , Housing Market Update , Interest Rates , Metro Vancouver , MLS , Multiple Listing Service , Provincial Housing Market , Real Estate Statistics , Residential Price , Residential Sales

In March 2020, the British Columbia Real Estate Association (BCREA), reported a total of 6,717 residential unit sales recorded by the Multiple Listing Service® (MLS®). This is a 17.2% increase from...

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Posted in: Aggregate Home Price , Aggregate Price , Attached Homes , BC Home Sales , Canadian Economy , Covid-19 House Price Survey , Detached House , Economic impact of COVID-19 , Greater Vancouver , Greater Vancouver Housing , Home Owners , Market Data , Market Statistics , Real Estate Analysis , Real Estate Statistics , Royal LePage House Price Survey

According to the Royal LePage House Price Survey and Market Survey Forecast released today, if the strict stay-at-home restrictions are eased during the second quarter Canada's aggregate home price could...

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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.

COVID-19 impact on home buying and selling

According...

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Posted in: Bank of Canada , BC housing market , BCREA , Canada mortgage rates , Credit markets , Effective lower bound , Financial plan , Funding , Interest rate , Interest rate change , Market statistics , Market update , mortgage payments , Programs , Reduction in rates , Short-term funding market

The Bank of Canada has lowered its overnight policy rate for the second time this month, taking the rate down a further 50 basis points to 0.25%. This is what the Bank considers as its effective lower bound...

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Posted in: 2020 market report , Bank of Canada , BC housing market , bcrea , British Columbia Real Estate , covid-19 , covid-19 , economic data , Economic impact of COVID-19 , Impact of COVID-19 , Interest rates , low mortgage rates , Mortgage payments , Mortgage rate , Real estate market forecast , real estate transaction , stress test

The COVID-19 outbreak has caused a steep decline in interest rates, however, it is uncertain as to how severe the impact will be on economic activity. Considering the importance of tourism and our trade...

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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.