Read our November MLS® Market Report to learn more: https://www.gvrealtors.ca/market-watch/monthly-market-report/november-2024.html Learn more at www.GVRealtors.ca

After months of tracking approximately twenty per cent below the ten-year seasonal average, Metro Vancouver home sales surged more than 30 per cent year-over-year in October. The strong sales numbers suggest buyers may finally be responding to lower borrowing costs after waiting on the sidelines for months. Read our October MLS® Market Report to learn more: https://www.gvrealtors.ca/market-watc... Learn more at www.GVRealtors.ca

Real estate watchers have been monitoring the data for signs of renewed strength in demand in response to recent mortgage rate reductions, but the September figures don’t offer the signal that many are watching for. Read our September MLS® Market Report to learn more: https://www.gvrealtors.ca/market-watch/monthly-market-report/september-2024.html 

Learn more at www.GVRealtors.ca

From a seasonal perspective, August is typically a slower month for sales than June or July. In this respect, this August has been no different. With that said, sales remain in a holding pattern, trending roughly 20 per cent below their 10-year seasonal average, which suggests buyers are still feeling the pinch of higher borrowing costs, despite two recent quarter percentage point reductions to the policy rate this summer. 

Learn more at www.GVRealtors.ca

The trend of buyers remaining hesitant, that began a few months ago, continued in the July data despite a fresh quarter percentage point cut to the Bank of Canada’s policy rate. 

Learn more at www.GVRealtors.ca

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 since the spring of 2019. 

Learn more at www.GVRealtors.ca

The number of transactions on the Multiple Listing Service® (MLS®) declined in May compared to what is typical for this time of year in Metro Vancouver. This shift has allowed the inventory of homes available for sale to continue to accumulate with over 13,000 homes now actively listed on the MLS® in the region. 

Learn more at www.GVRealtors.ca

Actively listed homes for sale on the MLS® in Metro Vancouver continued climbing in April, up 42 per cent year-over-year, breaching the 12,000 mark, a number not seen in the region since the summer of 2020. 

Learn more at www.GVRealtors.ca

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

Learn more at www.GVRealtors.ca

While Metro Vancouver home sellers appeared somewhat hesitant in January, new listings rose 31 per cent year-over-year in February, bringing a significant number of newly listed properties to the market. 

Learn more at www.GVRealtors.ca

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

Learn more at www.rebgv.org

Metro Vancouver’s housing market in 2023 saw surprising resilience in the face of the highest borrowing costs seen in over a decade.  

Learn more at www.rebgv.org

With one month left in 2023, a steady increase in housing inventory is offering home buyers across Metro Vancouver among the largest selection to choose from since 2021.

Learn more at www.rebgv.org

An increase in newly listed properties is providing more choice to home buyers across Metro Vancouver in October, but sales remain below long-term averages. 

Learn more at www.rebgv.org

The month-over-month price gains seen earlier this year abated in the Metro Vancouver housing market in September due to a seasonal decline in sales and a modest increase in inventory levels across the region.  Learn more at www.rebgv.org

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. 

Learn more at www.rebgv.org

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. 

For more  market insights and analysis, visit www.rebgv.org

Continuing the trend that has emerged in the housing market this year, the benchmark price for all home types in Metro Vancouver increased in June as home buyer demand butted up against a limited inventory of homes for sale in the region. 

For more  market insights and analysis, visit www.rebgv.org

While the year started slower than usual, Metro Vancouver’s housing market is showing signs of heating up as summer arrives, with prices increasing for consecutive months since December. 

For more  market insights and analysis, visit www.rebgv

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 eroded borrowing power and brought home sales activity down along with it.

For more housing analysis and statistics, visit www.rebgv.org.

Home prices across Metro Vancouver’s 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.

For more housing analysis and statistics, visit www.rebgv.org.

Prospective home sellers continued to be reluctant to enter Metro Vancouver’s housing market in February.

For more housing analysis and statistics, visit www.rebgv.org.

Inventory remains low in Metro Vancouver while home sales dipped well below monthly historical averages in January. 

For more housing analysis and statistics, visit www.rebgv.org.

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.

For more housing analysis and statistics, visit www.rebgv.org.

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. 

For more housing analysis and statistics, visit www.rebgv.org.

Home sale activity across the Metro Vancouver housing market continued to trend well below historical averages in October as inflation and interest rates create caution. 

For more housing analysis and statistics, visit www.rebgv.org.

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. 

For more market insights and analysis, visit www.rebgv.org

Metro Vancouver’s housing market is experiencing a quieter summer season marked by reduced sale and listing activity. 

With inflationary pressure and interest rates on the rise, home buyer and seller activity shifted below our long-term seasonal averages this summer. This shift in market conditions caused prices to edge down over the past four months.

Home buyer demand in Metro Vancouver returned to more historically typical levels in April. Follow REBGV Chair Daniel John as he walks through the April market statistics for Metro Vancouver.

The Metro Vancouver housing market saw steady home sales activity, modest increases in home listings and continued upward trends in pricing in February. 

Join REBGV Chair Taylor Biggar as he gives an update on the latest housing market statistics for Metro Vancouver. 

For more market statistics and resources, visit www.Rebgv.org 

January saw home sales come down from last year's record-setting pace, while low supply continued to cause home prices to edge higher across Metro Vancouver.