Greater Vancouver Real Estate Update - August 2023
Posted on Sep 05, 2023 in Market Update
Seasonal slowdown brings price stability to Metro Vancouver
As summer winds to a close, higher borrowing costs have begun to permeate the Metro Vancouver housing market in predictable ways, with price gains cooling and sales slowing along the typical seasonal pattern.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home s...
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home s...
BC Housing Market Stays Strong Despite High Rates – Q3 Update
Posted on Aug 29, 2023 in Market Update
The British Columbia Real Estate Association (BCREA) released its 2023 Third Quarter Housing Forecast Update today. Multiple Listing Service® (MLS®) residential sales in BC are forecast to decline 2.8 per cent to 78,640 units this year. In 2024, MLS® residential sales are forecast to post a modest rebound, rising 6.1 per cent to 83,425 units. “The...Greater Vancouver Real Estate Statistics - July 2023
Posted on Aug 02, 2023 in Market Update
Strong sales push Metro Vancouver home prices past the rate hike in July.Home prices across all home types in Metro Vancouver rose again in July, as strong sales figures continue to push up against low levels of housing inventory in the region.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region total...
Lower Mainland Commercial Real Estate Drops in Q1 2023
Posted on Jun 29, 2023 in Market Update
Commercial real estate sales and dollar volumes had a slow start to 2023, with year-over-year declines across all property types.There were 273 commercial real estate sales in the Lower Mainland in Q1 2023, a 58.1 per cent decrease from 651 sales in Q1 2022, according to data from Commercial Edge, a commercial real estate system operated by the Rea...
Canadian Housing Starts (May 2023)
Posted on Jun 24, 2023 in Market Update
Canadian housing starts fell 23 per cent to 202,494 units in May at a seasonally adjusted annual rate (SAAR). Starts were down 28 per cent from the same month last year. Single-detached housing starts rose 3 per cent to 55,967 units, while multi-family and others fell 29 per cent to 146,528 (SAAR). In British Columbia, starts fell by 33 per cent in...
Greater Vancouver Market Update - May 2023
Posted on Jun 02, 2023 in Market Update
Competition among buyers in Metro Vancouver’s housing market heats up as summer arrives
While the year started slower than usual, Metro Vancouver’s 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 sa...
