As we near the end of summer, higher borrowing costs have begun to permeate the Greater Vancouver housing market in predictable ways, with price gains cooling and sales slowing along the typical seasonal...
Blog & News: Vancouver Real Estate Market
Strong sales push Metro Vancouver home prices past the rate hike in July
Home prices across all home types in Metro Vancouver rose again in July, as strong sales figures continue to push up against low levels of housing inventory in the region.
The Real Estate...
Latest interest rate hike will soften housing market activity, but home prices are not likely to go down
Canadians continue to grapple with the increased cost of living, and the Bank of Canada’s latest hike to interest rates this week will add more pressure to variable rate mortgage holders, as well as those...
Resilient Greater Vancouver Real Estate Market Embraces Active Summer Season
REBGV Market Activity – June 2023
The Greater Vancouver real estate housing market is showing some conflicting indicators, suggesting a potential shift on the horizon. While the REBGV aggregate HPI benchmark...
Home prices continue to rise in Metro Vancouver’s housing market to kick off the summer
Continuing the trend that has emerged in the housing market this year, the benchmark price for all home types in Metro Vancouver1 increased in June as home buyer demand butted up against a limited inventory...
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...
Competition heats up among buyers as summer arrives
While the year started slower than usual, Metro Vancouver’s1 housing market is showing signs of heating up as summer arrives, with prices increasing for the sixth consecutive month.
The Real Estate Board...
1 in 4 Canadians intend to buy an investment property in the next five years
51 % of current investors and 23% of non-investors are considering buying an investment property before 2028
Despite higher lending rates and lower levels of inventory, the desire to own a home in Canada...
Prices continue to rise across Greater Vancouver as confidence returns
With listing activity remaining below historical norms, home sales in Metro Vancouver have mounted a surprising comeback, rising near levels seen last spring, before eight consecutive interest rate hikes...
Spring sees price increases while supply remains dormant
Home prices in Metro Vancouver's housing market saw modest increases in March, despite new listings remaining below long-term historical averages. However, data from March suggests that home sales are ...
Lower than average home sales helps inventory to inch upwards
Property sales move below long-term averages and inventory remains low to start 2023
Inventory remains low in Metro Vancouver while home sales dipped well below monthly historical averages in January.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales...
Key points on the federal ban preventing foreign buyers from purchasing property in Canada
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...
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...