February 2022 - Market Statistics
Posted on Mar 08, 2022 in Statistics
Last month, we saw an increase in the number of listings but multiple offers continued in many areas and property classes. Interestingly, in the last week or so, the number of offers on any given property has begun to dwindle and there are even properties that didn't receive any offers on their "offer" date. This is based on our own observations an...
January 2022 - Market Statistics
Posted on Feb 07, 2022 in Statistics
LOW SUPPLY KEEPS UPWARD PRESSURE ON HOME PRICES ACROSS METRO VANCOUVER’S HOUSING MARKET
The first month of 2022 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.
“Our listing inventory on MLS® is less than half of what would be optimal to begin the yea...
The first month of 2022 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.
“Our listing inventory on MLS® is less than half of what would be optimal to begin the yea...
December 2021 - Market Statistics
Posted on Jan 07, 2022 in Statistics
Happy New Year to you all! We hope that the holidays were happy and healthy for everyone.
Here are a few thoughts on how to create a more sustainable real estate market from our federal housing minister, although many would say that this is a little late:
Ban foreign home buyers, rezone cities for more density to reduce housing crunch says the Fe...
November 2021 - Market Statistics
Posted on Dec 07, 2021 in Statistics
HOME SALES ACTIVITY REMAINS UP, LISTINGS DOWN ACROSS METRO VANCOUVER’S HOUSING MARKET
As we near the end of 2021, home buyer demand remains well in excess of long-term averages and the supply of homes for sale continues to decline across Metro Vancouver’s housing market.
The Real Estate Board of Greater Vancouver reports that residential home sales...
As we near the end of 2021, home buyer demand remains well in excess of long-term averages and the supply of homes for sale continues to decline across Metro Vancouver’s housing market.
The Real Estate Board of Greater Vancouver reports that residential home sales...
October 2021 - Market Statistics
Posted on Nov 04, 2021 in Statistics
METRO VANCOUVER HOME BUYERS COMPETE FOR FEWER HOME LISTINGS IN OCTOBER
Home sale activity in Metro Vancouver remained above historical averages in October while the overall supply of homes for sale dipped to levels not seen in three years. Residential home sales in the region dropped by 5.2% from October last year and went up by 11% compared to las...
Home sale activity in Metro Vancouver remained above historical averages in October while the overall supply of homes for sale dipped to levels not seen in three years. Residential home sales in the region dropped by 5.2% from October last year and went up by 11% compared to las...
September 2021 - Market Statistics
Posted on Oct 04, 2021 in Statistics
ELEVATED HOME SALE ACTIVITY CONTINUES TO OUTSTRIP THE SUPPLY OF HOMES FOR SALE IN METRO VANCOUVER
September’s new listings were 1.2 percent below the 10-year average for the month.
“The summer trend of above-average home sales and historically typical new listings activity continued in Metro Vancouver last month. Although this is keeping the overall...
September’s new listings were 1.2 percent below the 10-year average for the month.
“The summer trend of above-average home sales and historically typical new listings activity continued in Metro Vancouver last month. Although this is keeping the overall...