Sellers await buyers’ return after quieter summer market
Posted on Sep 05, 2024 in Vancouver Update
The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,904 in August 2024, a 17.1 per cent decrease from the 2,296 sales recorded in August 2023. This total was also...
Home Sales Up Slightly on Bank of Canada Rate Cuts
Posted on Aug 13, 2024 in BC Real Estate Update
The British Columbia Real Estate Association (BCREA) reports that 6,943 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in July 2024, a 2 per cent decrease from July 2023. The average MLS® residential price in BC in July 2024 was down 0.8 per cent at $959,480 compared to an average price of $967,298 in July 2023. Th...
Housing Market Update for July 2024 (Video)
Posted on Aug 09, 2024 in Market Insights Videos
The trend of buyers remaining hesitant, that began a few months ago, continued in the July data despite a fresh quarter percentage point cut to the Bank of Canada’s policy rate.
More selection not translating to more transactions
Posted on Aug 03, 2024 in Vancouver Update
On the demand side, the Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,333 in July 2024, a 5...
Home Sales Continue at Below Average Pace in June
Posted on Jul 15, 2024 in BC Real Estate Update
Housing Market Update for June 2024 (Video)
Posted on Jul 09, 2024 in Market Insights Videos
Metro Vancouver home sales registered on the MLS® remained below seasonal and historical averages in June. With reduced competition among buyers, inventory has continued to accumulate to levels not seen since the spring of 2019.
Market shifting in buyers’ favour, though hesitation remains
Posted on Jul 03, 2024 in Vancouver Update
The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,418 in June 2024, a 19.1 per...
Markets Remain in Balance Heading into Summer
Posted on Jun 13, 2024 in BC Real Estate Update
Housing Market Update for May 2024 (Video)
Posted on Jun 10, 2024 in Market Insights Videos
A culmination of factors, from higher borrowing costs, to worries about the economy, to policy interventions imposed by various levels of government, are influencing buyers and sellers today.
