Competition heats up among buyers as summer arrives   While the year started slower than usual, Metro Vancouver’s1 housing market is showing signs of heating up as summer arrives, with prices increasing for the sixth consecutive month. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,4112 in May 2023, which is a 15.7 per ce ...

Prices continue rising as home buyer confidence returns   With listing activity remaining below historical norms, home sales in Metro Vancouver1 have mounted a surprising comeback, rising near levels seen last spring, before eight consecutive interest rate hikes eroded borrowing power and brought home sales activity down along with it. The Real Estate Board of Greater Vancouver (REBGV) ...

Spring brings price growth while new listings remain dormant   Home prices across Metro Vancouver’s1 housing market showed modest increases in March, while new listings remained below long-term historical averages. March data also indicates home sales are making a stronger than expected spring showing so far, despite elevated borrowing costs. The Real Estate Board of Greater Vancouver ...

Welcome to this PRIME 7500 sq.ft., 67 x 112 BUILDING LOT positioned on top of Burnaby's SOUTH SLOPE. This is the perfect spot to raise a family on this quiet, safe, no-thru street, featuring a highly prized SOUTH FACING back yard, plus SEE FOREVER VIEWS out toward Vancouver Island. You will also appreciate the permanent green space of Gray Creek Ravine Park. This property has been enjoyed by ...

Below average home sales allow inventory to inch upwards   February listing data show a continued reluctance among prospective home sellers to engage in Metro Vancouver’s housing market, leading to below-average sales activity. With sales remaining well-below historical norms, the number of available homes for sale in the region have continued inching upwards. The Real Estate Board of ...

Home sales decline below long-term averages and inventory remains low   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 ...

Rising mortgage rates brought uncertainty and caution in 2022   After seeing record sales and prices during the pandemic, Metro Vancouver’s* housing market experienced a year of caution in 2022 due to rising borrowing costs fueled by the Bank of Canada’s ongoing battle with inflation. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region t ...

Home sale and listing activity continue trending below long-term averages in November   While typically a quiet month of market activity based on seasonal patterns, November home sale and listing totals lagged below the region’s long-term averages. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,614 in November 2022, a 52. ...

Inflation, interest rates create caution in Metro Vancouver’s housing market   Home sale activity across the Metro Vancouver* housing market continued to trend well below historical averages in October. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,903 in October 2022, a 45.5 per cent decrease from the 3,494 sales record ...

Metro Vancouver saw more home sellers and fewer buyers in September   Home sellers were more active in Metro Vancouver’s* housing market in September while home buyer demand remained below the region’s long-term averages. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,687 in September 2022, a 46.4 per cent decrease from t ...