Tim Wray | RE/MAX Crest Realty, Vancouver

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...

Below average home sales allow inventory to inch upwards

Posted on Mar 02, 2023 in Vancouver Update

February listing data show a continued reluctance among prospective home sellers to engage in Metro Vancouver’s housing market, leading to below-average sales activity. With sales remaining well-below historical norms, the number of available homes for sale in the region have continued inching upwards.

The Real Estate Board of Greater Vancouver (RE...

Home sales decline below long-term averages and inventory remains low to start 2023

Posted on Feb 02, 2023 in Vancouver Update

Inventory remains low in Metro Vancouver while home sales dipped well below monthly historical averages in January.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,022 in January 2023, a 55.3 per cent decrease from the 2,285 sales recorded in January 2022, and a 21.1 per cent decrease f...

Rising mortgage rates brought uncertainty and caution to Metro Vancouver’s housing market in 2022

Posted on Jan 04, 2023 in Vancouver Update

After seeing record sales and prices during the pandemic, 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.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 28,903 in 2022, a 3...

Home sale and listing activity continue trending below long-term averages in November

Posted on Dec 02, 2022 in Vancouver Update

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.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,614 in November 2022, a 52.9 per cent decrease from the 3,428 sales recorded i...