The number of Metro Vancouver homes listed for sale on the MLS® rose nearly 23 per cent year-over-year, providing more opportunity for buyers looking for a home this spring.  The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,415 in March 2024, a 4.7 per cent decrease from the 2,535 sales recorded in March 2023. This was 31.2 per cent below the 10-year seasonal average (3,512).  There were 5,002 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in March 2024. Thi ..read more

While Metro Vancouver home sellers appeared somewhat hesitant in January, new listings rose 31 per cent year-over-year in February, bringing a significant number of newly listed properties to the market.  Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,070 in February 2024, a 13.5 per cent increase from the 1,824 sales recorded in February 2023. This was 23.3 per cent below the 10-year seasonal average (2,699). There were 4,560 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro V ..read more

While the Metro Vancouver market ended 2023 in balanced market territory, conditions in January began shifting back in favour of sellers as the pace of newly listed properties did not keep up with the jump in home sales.  TThe Real Estate Board of Greater Vancouver (REBGV) reports that residential sales in the region totalled 1,427 in January 2024, a 38.5 per cent increase from the 1,030 sales recorded in January 2023. This was 20.2 per cent below the 10-year seasonal average (1,788). There were 3,788 detached, attached and apartment properties newly listed for sale on the Multiple L ..read more

Metro Vancouver’s housing market closed out 2023 with balanced market conditions, but the year-end totals mask a story of surprising resilience in the face of the highest borrowing costs seen in over a decade.  The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales in the region totalled 26,249 in 2023, a 10.3 per cent decrease from the 29,261 sales recorded in 2022, and a 41.5 per cent decrease from the 44,884 sales in 2021. Last year’s sales total was 23.4 per cent below the 10-year annual sales average (34,272).  There were 1,327 detached, atta ..read more

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 sales 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. There were 4,664 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in October 2023. Th ..read more

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Seasonal slowdown brings price stability to Metro Vancouver. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,296 in August 2023, a 21.4 per cent increase from the 1,892 sales recorded in August 2022. This was 13.8 per cent below the 10-year seasonal average (2,663). There were 3,943 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in August 2023. This represents an 18.1 per cent increase compared to the 3,340 homes listed in August 2022. This was ..read more

Home prices continue to rise in Metro Vancouver’s housing market to kick off the summer The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,988 in June 2023, a 21.1 per cent increase from the 2,467 sales recorded in June 2022. This was 8.6 per cent below the 10-year seasonal average (3,269). There were 5,348 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in June 2023. This represents a 1.3 per cent increase compared to the 5,278 homes listed in Jun ..read more

Home prices across Metro Vancouver's housing market showed modest increases in March, while new listings remained below long-term historical averages. The Real Estate Board of Greater Vancouver saw residential homes sales total 2,535 in March 2023, a 42.5% decrease from the 4,405 sales recorded in March 2022, and a 28.4% below the 10-year seasonal average (3,540). Home listings on the Multiple Listing Service® (MLS®) in Metro Vancouver reached 4,317 in March 2023. This represents a 35.5% decrease compared to the 6,690 homes listed in March 2022 and 22.3% below the 10-year seasonal ave ..read more

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. The Real Estate Board of Greater Vancouver saw residential homes sales total 1,808 in February 2023, a 47.2% decrease from the 3,424 sales recorded in February 2022, and a 76.9% decrease from the 1,022 homes sold in January 2023. Last month's sales total was 33% below the 10-year February sales average. Home listings on the Multiple Listing Service® (MLS®) in Metro Vancouver reached 3,467 in February 2023. This represe ..read more