Tim Wray | INITIA Real Estate, Vancouver

Housing Market Update for February 2023 (Video)

Posted on Mar 08, 2023 in Market Insights Videos

February listing data show slow sales resulting in below-average sales activity in the Metro Vancouver area.

With sales remaining well-below historical norms, the number of available homes for sale in the region have continued inching upwards.

Housing Market Update for January 2023 (Video)

Posted on Feb 10, 2023 in Market Insights Videos

Looking forward, the Bank of Canada has said that it will pause further rate increases as long as the incoming economic data continues to support this policy stance. This should provide more certainty for home buyers and sellers in the market.

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.

Housing Market Update for November 2022 (Video)

Posted on Dec 06, 2022 in Market Insights Videos

While typically a quiet month of market activity based on seasonal patterns, November home sale and listing totals lagged below the region’s long-term averages.

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...

Housing Market Update for September 2022 (Video)

Posted on Oct 11, 2022 in Market Insights Videos

Home sellers were more active in Metro Vancouver’s housing market in September while home buyer demand remained below the region’s long-term averages.

Housing Market Update for August 2022 (Video)

Posted on Sep 09, 2022 in Market Insights Videos

Metro Vancouver’s housing market is experiencing a quieter summer season marked by reduced sale and listing activity.

With inflationary pressure and interest rates on the rise, home buyer and seller activity shifted below our long-term seasonal averages this summer. This shift in market conditions caused prices to edge down over the past four months...

Housing Market Update for July 2022 (Video)

Posted on Aug 09, 2022 in Market Insights Videos

Metro Vancouver’s housing market has entered a new cycle marked by quieter home buyer demand and a gradual rise in the supply of homes for sale.

"Home buyers are exercising more caution in today’s market in response to rising interest rates and inflationary concerns. This allowed the selection of homes for sale to increase and prices to edge down in...

Housing Market Update for June 2022 (Video)

Posted on Jul 11, 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...

Housing Market Update for May 2022 (Video)

Posted on Jun 08, 2022 in Market Insights Videos

Spring ushers in calmer housing market trends in Metro Vancouver.

After reaching record-setting levels in 2021, home sale activity has returned to more typical seasonal levels in Metro Vancouver this spring due, in large part, to rising interest rates.

"With interest rates rising, home buyers are taking more time to make their decisions in today’s h...

Housing Market Update for April 2022 (Video)

Posted on May 09, 2022 in Market Insights Videos

Here's Daniel John's summary of the April 2022 housing market statistics.

Home buyer demand in Metro Vancouver returned to more historically typical levels in April.

"Over the last two months, we’ve seen home sales ease down from the record-breaking pace of the last year," said Daniel John, REBGV Chair.

"While still a small sample size, the return to...

Housing Market Update for March 2022 (Video)

Posted on Apr 12, 2022 in Market Insights Videos

Here's Daniel John's summary of the March 2022 housing market statistics.

While down from last year’s record numbers, home sale activity in Metro Vancouver’s housing market remained elevated in March.

"March of 2021 was the highest selling month in our history. This year’s activity, while still elevated, is happening at a calmer pace than we experien...

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