Tim Wray | RE/MAX Crest Realty, Vancouver

Seasonal slowdown brings price stability to Metro Vancouver

Posted on Sep 04, 2023 in Vancouver Update

As summer winds to a close, higher borrowing costs have begun to permeate the Metro Vancouver1 housing market in predictable ways, with price gains cooling and sales slowing along the typical seasonal pattern.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales2 in the region totalled 2,296 in August 2023, a 21.4 p...

Strong sales push Metro Vancouver home prices past the rate hike in July

Posted on Aug 02, 2023 in Vancouver Update

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 in the region.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,455 in July 2023, a 28.9 per cent increase from the 1,904 sales re...

Home prices continue to rise in Metro Vancouver’s housing market to kick off the summer

Posted on Jul 05, 2023 in Vancouver Update

Continuing the trend that has emerged in the housing market this year, the benchmark price for all home types in Metro Vancouver1 increased in June as home buyer demand butted up against a limited inventory of homes for sale in the region.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales2 in the region totalled...

Competition among buyers in Metro Vancouver’s housing market heats up as summer arrives

Posted on Jun 02, 2023 in Vancouver Update

While the year started slower than usual, Metro Vancouver’s housing market is showing signs of heating up as summer arrives, with prices increasing for the sixth consecutive month.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,411 in May 2023, which is a 15.7 per cent increase from t...

Prices continue rising across Metro Vancouver as home buyer confidence returns

Posted on May 05, 2023 in Vancouver Update

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.

The Real Estate Board of Greater Vancouver (REBGV) reports that resident...

Spring brings renewed price growth across Metro Vancouver’s housing market while new listings remain dormant

Posted on Apr 04, 2023 in Vancouver Update

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.

The Real Estate Board of Greater Vancouver (REBGV) reports that resid...