Latest Vancouver Real Estate News

Canada's Jobs Recovery Resumed in June As Lockdown Began to Ease

Posted on Jul 16, 2021

This morning, Statistics Canada released the June 2021 Labour Force Survey showing employment rose 230,700 (1.2%) in June, rebounding from a cumulative decline over the previous two months of 275,000. Total hours worked were little changed. The national unemployment rate fell 0.4 percentage points to 7.8%.

Jobs continue to swing back and forth as th...

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Bank of Canada - Interest Rate Announcement

Posted on Jul 15, 2021

The Bank of Canada maintained its overnight rate at 0.25 per cent this morning, a level it considers its effective lower bound. The Bank reiterated what it calls "extraordinary forward guidance" in committing to leaving the overnight rate at 0.25 per cent until slack in the economy is absorbed and inflation sustainably returns to its 2 per cent tar...

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Housing Market Activity Normalizing After a Frenetic Year

Posted on Jul 14, 2021

Vancouver, BC – July 12, 2021. The British Columbia Real Estate Association (BCREA) reports that a total of 11,070 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in June 2021, an increase of 34.7 per cent over June 2020. The average MLS® residential price in BC was $910,445, a 22.2 per cent increase from $745,194 recor...

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Lower Mainland’s Commercial Real Estate Market Update (Q1 2021)

Posted on Jul 12, 2021

Lower Mainland’s commercial real estate market sees activity pick up in the first quarter of 2021


The increased activity seen in the Lower Mainland’s commercial real estate market in the latter half of 2020 carried into the first quarter (Q1) of 2021.

There were 576 commercial real estate sales in the Lower Mainland in Q1 2021, a 46.9 per cent increa...

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Canadian Employment (June 2021)

Posted on Jul 09, 2021

Canadian employment grew by 231,000 jobs in June (1.2%, m/m) to 18.79 million, led by a 264,000 rise in the number of part-time jobs (offsetting a small decline in the number of full-time jobs). This growth brings employment back to nearly the levels in March, prior to two consecutive months of decline amid third-wave restrictions. The level of Can...

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Greater Vancouver Real Estate Statistics (June 2021)

Posted on Jul 05, 2021

Metro Vancouver’s housing market sets a steady, calmer pace to begin the summer season


While still elevated, home sale and listing activity in Metro Vancouver has eased back from the record-setting pace seen in March and April of this year.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3...

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