Market Update

March 2023 - Vancouver Real Estate Market Update: Slightly Improved!

Posted on Mar 14, 2023 in Market Update

For the first time in 4 months, MLS home sales rose.... but sales overalls is still 33% below the 10-year sales average for February! 

We're finally seeing more homes for sale and overall market conditions are shifting towards favouring Sellers in Greater Vancouver again. In this video, we'll discuss the latest Bank of Canada rate announcement, marke...

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February 2023 - Vancouver Real Estate Market Update: Sluggish Sales

Posted on Feb 13, 2023 in Market Update

At the start of the year, only 1,624 homes sold in the MLS across Greater Vancouver, making it the 10th consecutive month of declining sales.

Though it is normal for January to be quiet, this year’s was the 2nd slowest January since 2001. Economists mention that overall low inventory and high borrowing costs have really slowed sales down over 55% fr...

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January 2023 - Vancouver Real Estate Market Update: Will It Get Better?

Posted on Jan 01, 2023 in Market Update

Vancouver Real Estate Market Update | January 2023: Will it Get Better? 

Last month in Greater Vancouver, we saw sales counts hit the lowest level since 2008 and housing inventory on the market still scarce with housing inventory levels below 10,000 for the first time in over a year!

In this video, we'll discuss market observations, BC Assessments, an...

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December 2022 - Vancouver Real Estate Market Update: End of Year Slowdown

Posted on Dec 09, 2022 in Market Update

November 2022 sales have hit ~2,400 transactions last month, making it the second lowest November sales month in the past 20 years (with the exception of 2008!)

Hard to say what the next interest rate announcement on Dec 7 will do to consumer certainty but we'll discuss a couple of new legislative changes: the home buyer rescission period and the re...

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

Posted on Nov 16, 2022 in Market Update

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 vid...

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October 2022 - Vancouver Real Estate Market Update: The Fall Market Scaries!

Posted on Oct 12, 2022 in Market Update

The Fall Market started with a BANG  as we saw more homes come on the market!

However, home buyer activity FLOPPED as activity dipped 36% below the 10-year September home sales average.

In this video, we'll discuss what's hot, the rental trends, winners and losers in today's Vancouver real estate market.

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