November 2022 - Vancouver Real Estate Market Update: Winter is Coming

For the past 4 months, home sales in the Greater Vancouver region remained below 3,000 homes sold - dipping back to early-2019 sales volumes!

Despite fewer active buyers and fewer home sales, a strong labour market, increased listing cancellations, and a reduced number of listings coming to market has elevated the median sold price by 4%! 

In this video, we discuss last month's market activity, 3 reasons why the Vancouver real estate market won't crash, and some other factors affecting housing in Greater Vancouver.