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August 2023 Real Estate Board of Greater Vancouver Statistics

August 2023 Real Estate Board Of Greater Vancouver Statistics

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%…

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July 2023 Real Estate Board Of Greater Vancouver Statistics Graph

July 2023 Real Estate Board Of Greater Vancouver Statistics

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…

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REBGV May 2023 MS

May 2023 Real Estate Board Of Greater Vancouver Statistics Package With Charts & Graphs

 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 cent increase from the 2,947 sales recorded in May 2022, and a 1.4 per cent decline from the 10-year seasonal average (3,458). "Back in January, few people would have predicted prices to be up as much as they are…

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REBGV April 2023 Stats Graph

April 2023 Real Estate Board Of Greater Vancouver Statistics Package With Charts & Graphs

https://youtu.be/st24UhDn1Bw  Prices continue rising across Metro Vancouver as home buyer confidence returns VANCOUVER, BC – May 2, 2023 – 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. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,741 in April 2023, a 16.5 per cent decrease from the 3,281 sales recorded in April 2022, and 15.6 per cent below…

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REBGV March 2023 Stats Graph

March 2023 Real Estate Board Of Greater Vancouver Statistics Package With Charts & Graphs

https://youtu.be/9_mJc-zPyaI  Spring brings renewed price growth across Metro Vancouver’s housing market while new listings remain dormant VANCOUVER, BC – April 3, 2023 – 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. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,5352 in March 2023, a 42.5 per cent decrease from the 4,405 sales recorded in March 2022, and 28.4…

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REBGV Feb 2023 Stats Graph MS

February 2023 Real Estate Board Of Greater Vancouver Statistics Package With Charts & Graphs

https://youtu.be/7n5yrTBDNJc  Below average home sales allow inventory to inch upwards VANCOUVER, BC – March 2, 2023 – 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 Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,808 in February 2023, a 47.2 per cent decrease from the 3,424 sales recorded in February 2022, and a 76.9 per cent…

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REBGV Stats Graph

January 2023 Real Estate Board Of Greater Vancouver Statistics Package With Charts & Graphs

https://youtu.be/J7AyImMJduI  Home sales decline below long-term averages and inventory remains low to start 2023 VANCOUVER, BC – February 2, 2023 – 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 2022, and a 21.1 per cent decrease from the 1,295 homes sold in December 2022. Last month’s sales were 42.9 per cent below the 10-year January sales average…

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REBGV Dec 2022 stats graph

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

https://youtu.be/2znzRIdqB8Q  Rising mortgage rates brought uncertainty and caution to Metro Vancouver’s housing market in 2022 VANCOUVER, BC – January 4, 2023 – 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 totalled 28,903 in 2022, a 34.3 per cent decrease from the 43,999 sales recorded in 2021, and a 6.6 per cent decrease from the 30,944 homes…

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REBGV November 2022 Stats Graph

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

https://youtu.be/xqh54ar1IMo    Home sale and listing activity continue trending below long-term averages in November VANCOUVER, BC – December 2, 2022 – 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 52.9 per cent decrease from the 3,428 sales recorded in November 2021, and a 15.2 per cent decrease from the 1,903 homes sold in October 2022. Last month’s sales were 36.9 per…

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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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