March 2022 - Vancouver Real Estate Market Update

We're finally seeing MLS homes sales in Greater Vancouver finally surpass 5,000 since November 2021! Market momentum has increased sales month over month across all home types!

Sales Volume: Decreased 8% from February 2021, up 50% from January 2022. We're up 27% above the 10-year February sales average. 

New Listings: up 8% from February 2021, up 31% from January 2022. Benchmark price across all home types: $1,313,400. Up 21% from February 2021. 

Watch to find out more about how the Bank of Canada rate hikes will affect the Greater Vancouver housing market and some observations of our local market today!

Blog post on Bank of Canada rate hikes affecting monthly mortgage payments:

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