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Canadian Economic Growth (Real GDP Q3’2022)

Canadian Monthly Economic Growth (Q3'2022) Canadian real GDP rose 0.1 per cent in September, up for the eighth consecutive month. Goods-producing sectors rose 0.3 per cent while services-producing industries were essentially flat. Canadian real GDP is now roughly 2.8 per cent above its pre-pandemic, February 2020 level. Preliminary estimates suggest that output in the Canadian economy was unchanged in October. Growth in the third quarter of 2022 registered 2.9 per cent at an annualized rate from the prior quarter, rising for the fifth consecutive quarter. Businesses continued to expand their inventories, while retail and wholesale trade sectors recorded higher stocks…

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October 2022 RBC Economics Monthly Housing Market Update

 Beginning of the end for Canada’s housing market downturn? Canada’s housing market may be entering the latter stages of its cyclical downturn. The pace of decline is now slowing—there was even a tiny monthly increase in home resales nationwide in October—marking a notable shift from the deep fall in activity that took place over the spring and summer. Property values are still clearly coming down at this stage but last month’s drop was the smallest since May. While we continue to think an inflection point is some ways off, it does suggest most of the price correction is likely…

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October 2022 British Columbia Real Estate Association Statistics

 BC Home Sales Remain Slow While Active Listings Plateau Vancouver, BC – November 14, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 5,242 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in October 2022, a decrease of 45.5 per cent from October 2021. The average MLS® residential price in BC was $932,979, a 3.1 per cent decrease from $963,011 recorded in October 2021. Total sales dollar volume was $4.9 billion, a 47.2 per cent decline from the same time last year. “Sales activity remains slow across the province and inventories appear to be plateauing,”…

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REBGV October 2022 Stats Graph

October 2022 Real Estate Board Of Greater Vancouver Statistics Package With Charts & Graphs

https://youtu.be/ckb2akCW9LY  Inflation, rising interest rates create caution across Metro Vancouver’s housing market VANCOUVER, BC – November 2, 2022 – 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 recorded in October 2021, and a 12.8 per cent increase from the 1,687 homes sold in September 2022. Last month’s sales were 33.3 per cent below the 10-year October sales average. “Inflation…

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September 2022 Real Estate Board Of Greater Vancouver Statistics Package With Charts & Graphs

https://youtu.be/0YHb0_M5BJU  Metro Vancouver saw more home sellers and fewer buyers in September Vancouver, B.C. – October 4, 2022 – 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 the 3,149 sales recorded in September 2021, and a 9.8 per cent decrease from the 1,870 homes sold in August 2022. Last month’s sales were 35.7 per cent below the 10-year…

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August 2022 Real Estate Board Of Greater Vancouver Statistics Package With Charts & Graphs

https://youtu.be/mFIoZUBmQ7w  Metro Vancouver’s housing market sees fewer home buyers and sellers in August VANCOUVER, BC – September 2, 2022 – 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 August 2021, and a 0.9 per cent decrease from the 1,887 homes sold in July 2022. Last month’s sales were 29.2 per cent below the 10-year August sales average. “With…

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July 2022 Stats Centre Reports

Metro Vancouver Stats Centre Report  Vancouver West Stats Centre Report  Vancouver East Stats Centre Report 

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REBGV July 2022 Graph MS

July 2022 Real Estate Board Of Greater Vancouver Statistics Package With Charts & Graphs

https://youtu.be/cNywIbkHTsk  Home buyer demand continues to ease across Metro Vancouver VANCOUVER, BC – August 3, 2022 – Metro Vancouver’s* housing market has entered a new cycle marked by quieter home buyer demand and a gradual rise in the supply of homes for sale. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,887 in July 2022, a 43.3 per cent decrease from the 3,326 sales recorded in July 2021, and a 22.8 per cent decrease from the 2,444 homes sold in June 2022. Last month’s sales were 35.2 per cent below…

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June 2022 British Columbia Real Estate Association Statistics

 High Mortgage Rates Keeping Potential Buyers Sidelined Vancouver, BC – July 12, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 7,136 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in June 2022, a decrease of 35.7 per cent from June 2021. The average MLS® residential price in BC was $951,105, a 4.6 per cent increase from $909,657 recorded in June 2021. Total sales dollar volume was $6.8 billion, a 32.8 per cent decline from the same time last year. “While a still growing economy and robust population growth point to strong demand, it is…

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REBGV June 2022 stats graph

June 2022 Real Estate Board Of Greater Vancouver Statistics Package With Charts & Graphs

https://youtu.be/2J3DcZ-Nu_8   Home listings up, sales down and prices starting to decrease to start the summer season VANCOUVER, BC – July 5, 2022 – With interest rates and housing supply increasing, Metro Vancouver* home buyers are operating in a changing marketplace to begin the summer season. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,444 in June 2022, a 35 per cent decrease from the 3,762 sales recorded in June 2021, and a 16.2 per cent decrease from the 2,918 homes sold in May 2022. Last month’s sales were 23.3…

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Current Vancouver Housing Market Trends – Summer 2022 & Beyond

https://youtu.be/up5dvG60Oro   I've been a realtor since 2005 and work with a network of realtors across BC. We basically help buyers and sellers in terms of assignments, but we help investors and owner-occupiers buy pre-sale and pre-construction properties. We also do resale buying and selling, but we do a lot of pre-sales - in 2021 I think we did close to about 500 transactions, so quite a bit of business. Jump to:  Previous Vancouver Presale Housing Market Current State of the Presale Market in Vancouver Forecasting What is Next for Vancouver's Presale Market Benefits of Buying a Presale Home in…

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REBGV stats Graph

May 2022 Real Estate Board Of Greater Vancouver Statistics Package With Charts & Graphs

 Spring ushers in calmer housing market trends in Metro Vancouver VANCOUVER, BC – June 2, 2022 – After reaching record-setting levels in 2021, home sale activity has returned to more typical seasonal levels in Metro Vancouver* this spring due, in large part, to rising interest rates. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,918 in May 2022, a 31.6 per cent decrease from the 4,268 sales recorded in May 2021, and a 9.7 per cent decrease from the 3,232 homes sold in April 2022. Last month’s sales were 12.9…

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