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July 2022 Stats Centre Reports
Metro Vancouver Stats Centre Report Vancouver West Stats Centre Report Vancouver East Stats Centre Report
October 2022 RBC Economics Monthly Housing Market Update
Beginning of the end for Canada’s housing market downturn? Canada’s housing market may be entering the latter stages of its cyclical downturn. The pace of decline is now slowing—there was even a tiny monthly increase in home resales nationwide in October—marking a notable shift from the deep fall in activity that took place over…
December 2022 British Columbia Real Estate Association Statistics
https://youtu.be/6frw1TEsnQQ Home Sales Decline in 2022 After a Record 2021 Vancouver, BC – January 12, 2023. 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…
March 2023 BCREA – Unprecedented Pace of Construction Needed to Offset the Impact of Record Immigration to BC
Housing demand impact of record-high immigration is five times as large as the Foreign Buyers Ban: report Vancouver, BC– March 28, 2023. To fully offset a deterioration in housing affordability, new home completions in BC need to increase 25 per cent above their historical average level for the next five years to a record level…
REBGV | The Lede – Rate hikes and the impact on the Vancouver market
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…
June 2022 British Columbia Real Estate Association Statistics
High Mortgage Rates Keeping Potential Buyers Sidelined Vancouver, BC – July 12, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 7,136 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in June 2022, a decrease of 35.7 per cent from June 2021. The average MLS® residential price in BC was…