REBGV Stats

 November 2023 Real Estate Board of Greater Vancouver Statistics - Balanced conditions come to the Metro Vancouver housing market for the holiday season VANCOUVER, BC – December 4, 2023– 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. The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales in the region totalled 1,702 in November 2023, a 4.7 per cent increase from the 1,625 sales recorded in November 2022. This was 33 per cent below the 10-year seasonal average…

 October 2023 Real Estate Board of Greater Vancouver Statistics - Metro Vancouver housing market holds steady in October VANCOUVER, BC – November 2, 2023 – An increase in newly listed properties is providing more choice to home buyers across Metro Vancouver , 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 in October 2022. This total is 29.5 per cent below the 10-year seasonal average (2,832) for October. “With properties coming to…

  September 2023 Real Estate Board of Greater Vancouver Statistics - Seasonal slowdown brings price stability to Metro Vancouver VANCOUVER, BC – October 4, 2023 – 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 totalled 1,926 in September 2023, a 13.2 per cent increase from the 1,701 sales recorded in September 2022. This was 26.3 per cent below…

https://youtu.be/NgWfq8lx1JY?feature=shared August 2023 Real Estate Board of Greater Vancouver Statistics - the Real Estate Board of Greater Vancouver (REBGV) provided a monthly market report for August 2023, which offers insights into the real estate market in Metro Vancouver. Here are the key points: General Trends Sales started the year slowly but have caught up with price gains as fall approaches. Both sales and prices are now slowing to a pace more in line with historical seasonal patterns. Price Metrics The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is $1,208,400. This is a 2.5%…

https://youtu.be/_rXI0AQdWX0 REBGV's July 2023 Market Insights Home prices across all home types in Metro Vancouver experienced a rise in July, with strong sales figures continuing to challenge the low levels of housing inventory. Overview of Metro Vancouver's Housing Market Despite reaching 10-year highs in mortgage rates, the demand in Metro Vancouver's housing market remains robust. In July, approximately 2,500 homes were sold on the MLS, marking a 29% increase from the previous year. This surge is noteworthy, especially considering that the previous July was when the Bank of Canada announced a one percent hike to the policy rate, which took…