January 2023

Home Sales Decline in 2022 After a Record 2021

Posted on Jan 12, 2023 in BC Real Estate Update



The British Columbia Real Estate Association (BCREA) reports that 80,874 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2022, a 35.2 per cent decline from a record 124,788 units sold in 2021. The annual average MLS® residential price in BC was $996,878, a 7.5 per cent increase from $927,513 recorded the previous yea...

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Housing Market Update for December 2022 (Video)

Posted on Jan 10, 2023 in Market Insights Videos


Metro Vancouver’s housing market experienced a year of caution in 2022 due to rising borrowing costs fueled by the Bank of Canada’s ongoing battle with inflation.

Here's a summary of the December 2022 and year-end housing market statistics.

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Rising mortgage rates brought uncertainty and caution to Metro Vancouver’s housing market in 2022

Posted on Jan 04, 2023 in Vancouver Update



After seeing record sales and prices during the pandemic, Metro Vancouver’s housing market experienced a year of caution in 2022 due to rising borrowing costs fueled by the Bank of Canada’s ongoing battle with inflation.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 28,903 in 2022, a 3...

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