Strong Rebound for BC Home Sales in May
Posted on Jun 14, 2023 in BC Real Estate Update
The British Columbia Real Estate Association (BCREA) reports that a total of 9,191 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in May 2023, an increase of 9.9 per cent from May 2022. The average MLS® residential price in BC was $1.02 million up 3 per cent compared to May 2022. The total sales dollar volume was...
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.
Competition among buyers in Metro Vancouver’s housing market heats up as summer arrives
Posted on Jun 02, 2023 in Vancouver Update
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...
Lack of Inventory Creating Tighter Market Conditions Across BC
Posted on May 13, 2023 in BC Real Estate Update
The British Columbia Real Estate Association (BCREA) reports that a total of 7,427 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in April 2023, a decrease of 17.7 per cent from April 2022. The average MLS® residential price in BC was 995,506 down 5.6 per cent compared to the average price of close to $1.1 million...
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.