In a recent report by the Royal Bank of Canada, the home affordability crisis in Vancouver has escalated to unprecedented levels, marking a significant challenge for potential homebuyers. Published in April 2024, the report underscores that the final quarter of 2023 was the most challenging period for Canadians striving to afford a home, with Vanco...
Residential property sales in Metro Vancouver saw a slight decrease of 4.7% in March 2024 compared to March 2023, with 2,415 homes sold. This is significantly below the 10-year seasonal average.
Increased Listings:
There was a notable increase in homes listed for sale, with a 23% year-over-year rise in March 2024, offering more options for...
The Metro Vancouver housing market experienced notable developments in February 2024, with a surge in new listings and an uptick in sales, suggesting a dynamic period for both buyers and sellers.
The new listings in February rose by 31% year-over-year, contributing to a significant increase in inventory and offering more options for buyers. This cha...
As we look towards 2050, Vancouver is on the brink of a transformative era that redefines its commercial and real estate landscape. The city, known for its scenic beauty and vibrant urban life, is evolving into a futuristic hub where lifestyle, work, and play converge seamlessly. Below are the pivotal trends shaping Vancouver’s journey into the nex...
Inventory remains low in Metro Vancouver* while home sales dipped well below monthly historical averages in January.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,022 in January 2023, a 55.3 per cent decrease from the 2,285 sales recorded in January 2022, and a 21.1 per cent decrease...
Homebuyers in Canada are eager to enter the housing market, anticipating potential rate cuts from the Bank of Canada. A December sales rally and soft prices have fueled speculation of a heating market. The shift in market sentiment is evident, with increased optimism about home prices. Buyers, aiming to avoid rising competition, are jumping in, dri...
