The Real Estate Board of Greater Vancouver (REBGV) provided a monthly market report for August 2023, which offers insights into the real estate market in Metro Vancouver. Here are the key points: General Trends Price Metrics Detached Homes Apartment Homes Attached Homes Further Information For more detailed housing market insights, visit the market watch section…
August 2023 Victoria Real Estate Board Statistics – Victoria real estate market needs better mix of housing supply to help restore balance A total of 544 properties sold in the Victoria Real Estate Board region this August, 13.8 per cent more than the 478 properties sold in August 2022 and an 8.6 per cent decrease…
1. Areas covered by the Association of Interior REALTORS® Market Statistics include: Central/North Okanagan, Shuswap/ Revelstoke, South Okanagan/ South Peace River Statistics for Related Areas Fraser Valley Real Estate Stats Victoria Real Estate Stats Vancouver Real Estate Stats Statistics from Recent Months June 2023 Okanagan Real Estate Stats May 2023 Okanagan Real Estate Stats…
July 2023 Victoria Real Estate Board Statistics – Victoria Real Estate sales reflect summer trends A total of 595 properties sold in the Victoria Real Estate Board region this July, 16.7 per cent more than the 510 properties sold in July 2022 and a 15.6 per cent decrease from June 2023. Sales of condominiums were…
REBGV’s July 2023 Market Insights Home prices across all home types in Metro Vancouver experienced a rise in July, with strong sales figures continuing to challenge the low levels of housing inventory. Overview of Metro Vancouver’s Housing Market Despite reaching 10-year highs in mortgage rates, the demand in Metro Vancouver’s housing market remains robust. In…
July 2023 Fraser Valley Real Estate Board Statistics – Seasonality, interest rates temper sales in the Fraser Valley SURREY, BC – After five months of successive increases, real estate sales in the Fraser Valley dropped in response to a combination of continued rising interest rates and the summer sales cycle. The Fraser Valley Real Estate…
Canadian Inflation (April 2023) – May 16, 2023 Canadian prices, as measured by the Consumer Price Index (CPI), rose 4.4 per cent on a year-over-year basis in April, a slight increase from the 4.3 per cent rate in March. Month over month, CPI rose 0.7 per cent, in large part due to higher gasoline prices,…
1. Areas covered by the Association of Interior REALTORS® Market Statistics include: Central/North Okanagan, Shuswap/ Revelstoke, South Okanagan/ South Peace River Statistics for Related Areas Fraser Valley Real Estate Stats Victoria Real Estate Stats Vancouver Real Estate Stats Statistics from Recent Months March 2023 Okanagan Real Estate Stats February 2023 Okanagan Real…
Spring sales hold steady in Fraser Valley real estate market SURREY, BC – Despite persistent inventory shortfalls, housing sales in the Fraser Valley remained steady in April as buyers took advantage of the continued pause in interest rate hikes. In April, the Fraser Valley Real Estate Board (FVREB) processed 1,554 sales on its Multiple…
Prices continue rising across Metro Vancouver as home buyer confidence returns VANCOUVER, BC – May 2, 2023 – 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…
Not enough growth in inventory means spring market sales slow A total of 637 properties sold in the Victoria Real Estate Board region this April, 22.7 per cent fewer than the 824 properties sold in April 2022 but an 8 per cent increase from March 2023. Sales of condominiums were down 21.8 per cent…
In part one of this two-part post, we took a look at the likelihood that the Bank of Canada would continue tightening monetary policy going forward. In this post, we’ll take a retrospective look and examine the impacts previous tightening cycles have had on the Greater Vancouver market. Buckle up, it’s a longer post, but worth…
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