Sales Slow in August, but Falling Rates Should Drive Activity Higher in the Fall
Posted on Sep 11, 2024 in BC Real Estate Update
Housing Market Update for August 2024 (Video)
Posted on Sep 10, 2024 in Market Insights Videos
From a seasonal perspective, August is typically a slower month for sales than June or July. In this respect, this August has been no different. With that said, sales remain in a holding pattern, trending roughly 20 per cent below their 10-year seasonal average, which suggests buyers are still feeling the pinch of higher borrowing costs, despite tw...
SnapStats Market Speedo Infographic - August 2024
Posted on Sep 06, 2024 in Market Speedo Infographic
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.