Tim Wray | INITIA Real Estate, Vancouver

Housing Market Update for February 2024 (Video)

Posted on Mar 11, 2024 in Market Insights Videos

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.

Housing Market Update for January 2024 (Video)

Posted on Feb 08, 2024 in Market Insights Videos

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 volume of home sales.

Housing Market Update for December 2023 (Video)

Posted on Jan 12, 2024 in Market Insights Videos

2023 was a strong year considering that mortgage rates were the highest they've been in over a decade, with prices increasing across all market segments.

Housing Market Update for November 2023 (Video)

Posted on Dec 11, 2023 in Market Insights Videos

When paired with the seasonal slowdown in sales we typically see this time of year, this increase in supply is creating balanced conditions across Metro Vancouver's housing market.

Housing Market Update for October 2023 (Video)

Posted on Nov 09, 2023 in Market Insights Videos

With more supply in the form of resale inventory, and weaker demand in the form of slower sales, we've seen market conditions overall adjust towards more balanced conditions.

Housing Market Update for September 2023 (Video)

Posted on Oct 10, 2023 in Market Insights Videos

The month-over-month price gains seen earlier this year abated in the Metro Vancouver housing market in September due to a seasonal decline in sales and a modest increase in inventory levels across the region.

Housing Market Update for August 2023 (Video)

Posted on Sep 08, 2023 in Market Insights Videos

As summer winds to a close, higher borrowing costs have begun to permeate the Metro Vancouver housing market in predictable ways, with price gains cooling and sales slowing along the typical seasonal pattern.

Housing Market Update for July 2023 (Video)

Posted on Aug 09, 2023 in Market Insights Videos

Home prices across all home types in Metro Vancouver rose again in July, as strong sales figures continue to push up against low levels of housing inventory.

Housing Market Update for June 2023 (Video)

Posted on Jul 12, 2023 in Market Insights Videos

Continuing the trend that has emerged in the housing market this year, the benchmark price for all home types in Metro Vancouver increased in June as home buyer demand butted up against a limited inventory of homes for sale in the region.

Housing Market Update for May 2023 (Video)

Posted on Jun 08, 2023 in Market Insights Videos

While the year started slower than usual, Metro Vancouver’s housing market is showing signs of heating up as summer arrives, with prices increasing since December 2022.

Housing Market Update for April 2023 (Video)

Posted on May 09, 2023 in Market Insights Videos

With listing activity remaining below historical norms, home sales in Metro Vancouver have mounted a surprising comeback, rising near levels seen last spring, before eight consecutive interest rate hikes eroded borrowing power and brought home sales activity down along with it.

Housing Market Update for March 2023 (Video)

Posted on Apr 12, 2023 in Market Insights Videos

Home prices across Metro Vancouver’s housing market showed modest increases in March, while new listings remained below long-term historical averages.

March data also indicates home sales are making a stronger than expected spring showing so far, despite elevated borrowing costs.