November 2022

BC Home Sales Remain SlowWhile Active Listings Plateau

Posted on Nov 14, 2022 in BC Real Estate Update

The British Columbia Real Estate Association (BCREA) reports that a total of 5,242 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in October 2022, a decrease of 45.5 per cent from October 2021. The average MLS® residential price in BC was $932,979, a 3.1 per cent decrease from $963,011 recorded in October 2021. Total s...

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Housing Market Update for October 2022 (Video)

Posted on Nov 07, 2022 in Market Insights Videos

While recent years have been characterized by a frenetic pace of sales amplified by scarce listings on the market to choose from, today's market cycle is a marked departure, with a slower pace of sales and more selection to choose from. Home buyers and sellers have more time to conduct home inspections, strata minute reviews, and other due diligenc...

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Inflation, rising interest rates create caution across Metro Vancouver’s housing market

Posted on Nov 03, 2022 in Vancouver Update

Home sale activity across the Metro Vancouver housing market continued to trend well below historical averages in October.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,903 in October 2022, a 45.5 per cent decrease from the 3,494 sales recorded in October 2021, and a 12.8 per cent inc...

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