Blog & News: Vancouver Real Estate Market

Home sales registered on the MLS® in Metro Vancouver remained below their 10 year seasonal averages in August as summer holidays come to a close. 

The Greater Vancouver REALTORS® (GVR) reports...

A recent survey reveals that 83% of adults in British Columbia, specifically those from Generation Z and younger Millennials aged 18 to 38 (born between 1986 and 2006), view homeownership as a valuable...

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....

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...

As a real estate agent serving the Greater Vancouver area, I often hear from clients about the challenges and dreams of owning a home. A recent report from Royal LePage sheds light on an encouraging trend:...

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...

Active home listings on the MLS® in Metro Vancouver continued to rise in April, showing a 42% year-over-year increase, surpassing the 12,000 mark—a level last observed in the region during the summer of...

Typically, spring marks the peak activity season for Canada's real estate sector, as warmer weather prompts a surge in buying and selling nationwide. However, in 2024, this bustling spring market began...

The amount of Metro Vancouver homes listed for sale on the MLS® rose nearly 23% year-over-year, providing more opportunity for buyers looking for a home this spring.

The Greater Vancouver REALTORS® (GVR)...

Purchasing your first home is a significant milestone, but it often comes with a multitude of financial considerations. In British Columbia, one consideration is the Property Transfer Tax (PTT), which can...

In the ever-shifting landscape of real estate regulations, British Columbia is implementing a transformative measure: the BC Home Flipping Tax. Set to take effect on January 1, 2025, this tax targets income...

In January, Metro Vancouver home sellers appeared mostly hesitant, however new listings rose 31% year-over-year in February, bringing a significant number of newly listed properties to the market.

Greater...

When comparing the real estate markets from coast to coast across Canada, a home with a price tag of $1 million can differ greatly. As the nation’s short supply persists and buyers struggle with affording...

Bill 44 Housing Statutes (Residential Development) Amendment Act, 2023 has the potential to make housing for affordable by increasing the amount of small-scale multi-unit housing in neighbourhoods that...

The Canadian government has recently announced a two-year extension to the ban on foreign ownership of Canadian housing. This move reflects the government's commitment to ensuring that Canadians have access...

While the Metro Vancouver market ended 2023 in balanced market territory, in January conditions began shifting back in favor of sellers as the pace of newly listed properties did not keep up with the...

Royal LePage expects sidelined buyers to re-engage this quarter ahead of expected rate cuts by the Bank of Canada.

National Summary

National aggregate home price increased 4.3% year over year in Q4 2023;...

 In 2023, Metro Vancouver’s housing market closed out with balanced market conditions, but the year-end totals there is a story of surprising resilience in the face of the highest borrowing costs...

Canada’s housing market could return to more normal levels of activity and price trends next year, following several years of unprecedented ups and downs. The Bank of Canada is expected to lower its overnight...

Canadians may see the real estate market return closer to normal in 2024, after years of unprecedented irregularity. According to the Royal LePage Market Survey Forecast, the aggregate price of a home...