Blog

  Sellers await buyers’ return after quieter summer market Home sales registered on the MLS® in Metro Vancouver1 remained below their ten-year seasonal averages in August as summer holidays come to a close. Greater Vancouver REALTORS® (GVR)2 reports that residential sales in the region totalled 1,904 in August 2024, a 17.1 per cent decrease from the 2,296 sales recorded in August ...

  More selection not translating to more transactions Newly listed properties registered on the Multiple Listing Service® (MLS®) rose nearly twenty per cent year over year in July, helping to sustain a healthy level of inventory in the Metro Vancouver1 housing market. On the demand side, the Greater Vancouver REALTORS®2 (GVR) reports that residential sales in the region totalled ...

  Market shifting in buyers’ favour, though hesitation remains Metro Vancouver1 home sales registered on the MLS® remained below seasonal and historical averages in June. With reduced competition among buyers, inventory has continued to accumulate to levels not seen since the spring of 2019. The Greater Vancouver REALTORS® (GVR) reports that residential sales2 in the region total ...

  Home sales down in May while inventory continues to increase The number of transactions on the Multiple Listing Service® (MLS®) declined in May compared to what is typical for this time of year in Metro Vancouver1. This shift has allowed the inventory of homes available for sale to continue to accumulate with over 13,000 homes now actively listed on the MLS® in the region. The ...

  Inventory reaches highest level since the pandemic summer of 2020 Actively listed homes for sale on the MLS® in Metro Vancouver1 continued climbing in April, up 42 per cent year-over-year, breaching the 12,000 mark, a number not seen in the region since the summer of 2020. Greater Vancouver REALTORS® (GVR)2 reports that residential sales3 in the region totalled 2,831 in April 2 ...

  Increased seller activity is giving buyers more choice this spring The number of Metro Vancouver1 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)2 reports that residential sales3 in the region totalled 2,415 in March 2024, a 4.7 per cent decrease ...

  Home sellers active, bring much-needed inventory to housing market Residential property sales in Metro Vancouver While Metro Vancouver1 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)2 reports that residential sal ...

Home sales across Metro Vancouver’s housing market off to strong start in 2024 Residential property sales in Metro Vancouver While the Metro Vancouver1 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 volume of home sales. The Real Estate Board of Greater Va ...

Housing market resilient in 2023, ends year in balanced territory Metro Vancouver’s1 housing market closed out in 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 sales2 in the region totalled 26,24 ...

Balanced conditions come to the Metro Vancouver housing market for the holiday season With one month left in 2023, a steady increase in housing inventory is offering home buyers across Metro Vancouver 1 among the largest selection to choose from since 2021. The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales 2 in the region totalled 1,702 in November 2023 ...