Latest Market News, Updates & Statistics 

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.

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

Posted on Feb 02, 2023 in Vancouver Update

Tim Wray Vancouver Real Estate

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...

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Home Sales Decline in 2022 After a Record 2021

Posted on Jan 12, 2023 in BC Real Estate Update

The British Columbia Real Estate Association (BCREA) reports that 80,874 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2022, a 35.2 per cent decline from a record 124,788 units sold in 2021. The annual average MLS® residential price in BC was $996,878, a 7.5 per cent increase from $927,513 recorded the previous yea...

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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.

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