Vancouver Stats

 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…