July 2022

High Mortgage Rates Keeping Potential Buyers Sidelined

Posted on Jul 12, 2022 in BC Real Estate Update



The British Columbia Real Estate Association (BCREA) reports that a total of 7,136 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in June 2022, a decrease of 35.7 per cent from June 2021. The average MLS® residential price in BC was $951,105, a 4.6 per cent increase from $909,657 recorded in June 2021. Total sales doll...

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Housing Market Update for June 2022 (Video)

Posted on Jul 12, 2022 in Market Insights Videos


With interest rates and housing supply increasing, Metro Vancouver home buyers are operating in a changing marketplace to begin the summer season.

"Home buyers have more selection to choose from and more time to make decisions than they did over the past year, said Daniel John, Chair, Real Estate Board of Greater Vancouver.

"Rising interest rates an...

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Home listings up, sales down and prices starting to decrease to start the summer season 

Posted on Jul 05, 2022 in Vancouver Update



With interest rates and housing supply increasing, Metro Vancouver* home buyers are operating in a changing marketplace to begin the summer season.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,444 in June 2022, a 35 per cent decrease from the 3,762 sales recorded in June 2021, and a...

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