Newly listed properties registered on the Multiple Listing Service® (MLS®) rose nearly 20% year over year in July, helping to maintain a healthy level of inventory in the Metro Vancouver housing market....
Blog & News: Vancouver Real Estate Market
Market shifting in buyers’ favour, though hesitation remains
Metro Vancouver home sales registered on the MLS® remained below seasonal and historical averages in June. With reduced competition among buyers, inventory has continued to accumulate to levels not seen...
Metro Vancouver home sales down in May while inventory continues to increase
The number of transactions on the Multiple Listing Service® (MLS®) saw a decline in May compared to the usual for this period in Metro Vancouver, contributing to the ongoing accumulation of homes available...
Fear of missing out on buying a home due to insufficient down payment growing among Canada’s first-time buyers
As home prices and interest rates continue to rise, whilst inventory remains extremely tight, Canada’s first-time buyers are feeling increasingly worried about missing out on their desired home because...
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
Key highlights from the release include:
- Royal LePage reduces national home price...
Low supply continues upward pressure on home prices across Greater Vancouver’s housing market
The Real Estate Board...
Home sales up, listings down across Greater Vancouver
Canadian home prices soar as persistent supply shortage results in continued seller’s market
National aggregate home price increases 21.4% year-over-year
Third quarter highlights:
- Royal LePage maintains its 2021 forecast, with the national aggregate home price expected to rise 16.0% in Q4, compared...
Home listing supply declines across Metro Vancouver over the summer.
While home buyers remained active in Metro Vancouver throughout the summer, the supply of homes for sale declined steadily since June.
The Real Estate Board of Greater Vancouver (REBGV) reports that...
HOUSING MARKET SETS A STEADY, CALMER PACE TO BEGIN THE SUMMER SEASON
While still elevated, home sale and listing activity in Metro Vancouver has eased back from the record-setting pace seen in March and April of this year.
The Real Estate Board of Greater Vancouver (REBGV)...
MORE THAN HALF OF CANADA'S LARGEST REAL ESTATE MARKETS SEE DOUBLE-DIGIT PRICE GROWTH AS NATIONAL HOME VALUES SOAR 9.7% IN FORTH QUARTER
- Price of detached homes continue to outpace condominiums as Canadians trade location for square footage
- Despite strong push toward the suburbs, Toronto and Montreal ...
November home sales above seasonal norms and long-term averages
Housing demand in Metro Vancouver* continues to outpace historical averages with November sales eclipsing 3,000 for the first time since 2015.
The Real Estate Board of Greater Vancouver (REBGV)...
SEPTEMBER SEES SURGE IN METRO VANCOUVER HOME SALES AND LISTINGS
In September 2020 the Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 3,643. This is a 56.2% increase from the 2,333 sales recorded in September...
AUGUST SEES INCREASE IN HOME SALES AND LISTING ACTIVITY
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...
BC HOUSING MARKET CONTINUES TOWARDS STRONG RECOVERY
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...
STEADY SUMMER ACTIVITY FOR METRO VANCOUVER HOUSING MARKET
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...
HOUSING SUPPLY STRUGGLES TO KEEP UP WITH SURGE IN DEMAND WITH SECOND QUARTER RECORDING A SHARP RISE IN HOME PRICES
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.
What does this mean for Greater Vancouver?
In the second...
HOME SALE AND LISTING ACTIVITY SEE STEADY INCREASES IN JUNE
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%...
STRONG RECOVERY OF BC HOMES SALES PREDICTED FOR 2021
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...
STEADY HOME PRICES PROVIDES COMFORT FOR BUYERS AND SELLERS IN TODAY'S 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...