Housing market resilient in 2023, ends year in balanced territory Metro Vancouver’s1 housing market closed out in 2023 with balanced market conditions, but the year-end totals mask a story of surprising resilience in the face of the highest borrowing costs seen in over a decade. The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales2 in the region totalled 26,24 ...

Balanced conditions come to the Metro Vancouver housing market for the holiday season With one month left in 2023, a steady increase in housing inventory is offering home buyers across Metro Vancouver 1 among the largest selection to choose from since 2021. The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales 2 in the region totalled 1,702 in November 2023 ...

Metro Vancouver housing market holds steady in October   An increase in newly listed properties is providing more choice to home buyers across Metro Vancouver1, but sales remain below long-term averages. The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales2 in the region totalled 1,996 in October 2023, a 3.7 per cent increase from the 1,924 sales recorded i ...

As inventory increases, price gains relent to begin the fall season   The month-over-month price gains seen earlier this year abated in the Metro Vancouver1 housing market in September due to a seasonal decline in sales and a modest increase in inventory levels across the region. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales2 in the region total ...

Seasonal slowdown brings price stability to Metro Vancouver   As summer winds to a close, higher borrowing costs have begun to permeate the Metro Vancouver housing market in predictable ways, with price gains cooling and sales slowing along the typical seasonal pattern. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,296 i ...

Strong sales push Metro Vancouver home prices past July rate hike   Home prices across all home types in Metro Vancouver1 rose again in July, as strong sales figures continue to push up against low levels of housing inventory in the region. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales2 in the region totalled 2,455 in July 2023, a 28.9 per cent ...

Home prices continue to rise in housing market to kick off 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 of homes for sale in the region. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home ...

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 ...

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) ...

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 ...