REBGV Market Stats - May 2023
June 5th, 2023, Derek Vanderkooy
Posted in Market Stats ,
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 of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,4112 in May 2023, which is a 15.7 per ce ...
REBGV Market Stats - April 2023
May 3rd, 2023, Derek Vanderkooy
Posted in Market Stats ,
Prices continue rising as home buyer confidence returns
With listing activity remaining below historical norms, home sales in Metro Vancouver1 have mounted a surprising comeback, rising near levels seen last spring, before eight consecutive interest rate hikes eroded borrowing power and brought home sales activity down along with it.
The Real Estate Board of Greater Vancouver (REBGV) ...
REBGV Market Stats - March 2023
April 11th, 2023, Derek Vanderkooy
Posted in Market Stats ,
Spring brings price growth while new listings remain dormant
Home prices across Metro Vancouver’s1 housing market showed modest increases in March, while new listings remained below long-term historical averages.
March data also indicates home sales are making a stronger than expected spring showing so far, despite elevated borrowing costs.
The Real Estate Board of Greater Vancouver ...
REBGV Market Stats - February 2023
March 7th, 2023, Derek Vanderkooy
Posted in Market Stats ,
Below average home sales allow inventory to inch upwards
February listing data show a continued reluctance among prospective home sellers to engage in Metro Vancouver’s housing market, leading to below-average sales activity. With sales remaining well-below historical norms, the number of available homes for sale in the region have continued inching upwards.
The Real Estate Board of ...
January 2023 Real Estate Market Update
February 7th, 2023, Derek Vanderkooy
Posted in Market Stats ,
Home sales decline below long-term averages and inventory remains low
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 in the region totalled 1,022 in January 2023, a 55.3 per cent decrease from the 2,285 sales recorded in January ...
December 2022 Real Estate Market Update
January 4th, 2023, Derek Vanderkooy
Posted in Market Stats ,
Rising mortgage rates brought uncertainty and caution 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 with inflation.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region t ...
REBGV Market Stats - November 2022
December 5th, 2022, Derek Vanderkooy
Posted in Market Stats ,
Home sale and listing activity continue trending 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 (REBGV) reports that residential home sales in the region totalled 1,614 in November 2022, a 52. ...
REBGV Market Stats - October 2022
November 7th, 2022, Derek Vanderkooy
Posted in Market Stats ,
Inflation, interest rates create caution in 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 sales in the region totalled 1,903 in October 2022, a 45.5 per cent decrease from the 3,494 sales record ...
REBGV Market Stats - September 2022
October 4th, 2022, Derek Vanderkooy
Posted in Market Stats ,
Metro Vancouver saw more home sellers and fewer buyers in September
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) reports that residential home sales in the region totalled 1,687 in September 2022, a 46.4 per cent decrease from t ...
REBGV Market Stats - August 2022
September 9th, 2022, Derek Vanderkooy
Posted in Market Stats ,
Metro Vancouver's housing market 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 in the region totalled 1,870 in August 2022, a 40.7 per cent decrease from the 3,152 sales recorded in ...