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All the latest on Metro Vancouver's real estate market, including sales trends, policy changes and the impacts of the province's Foreign Buyers Tax, Speculation Tax and Empty Homes Tax.
- Vancouver Real Estate Headlines
The Real Estate Board of Greater Vancouver says December...
- Vancouver Real Estate Headlines
- Average and Benchmark Home Prices
- Vancouver Home Sales
- Comparison Between Vancouver and Toronto Housing Markets
- Long Term Trend
- Macroeconomics Analysis
The average home price in Greater Vancouver was $1,348,624 for May 2024. This price represents an annual increase of 2.9% and a monthly increase of 3.5%. In May 2024, the average sale price of detached houses, attached houses and apartments in Greater Vancouver was $2,225,682, $1,252,755 and $831,545, representing a 2%, -1.4% and 2.6% change relati...
In May 2024, 2,733 Vancouver houses were sold. These sales include 846 detached homes, 1,338 apartments and 523 attached homes. Looking at Metro Vancouver's housing market, there were 13,600 active listings at the end of May 2024, up 46% compared to last year and 8.9% relative to last month. The number of active listings is much higher than the lon...
Metro Vancouver and the Greater Toronto Area are the most expensive Canadian housing markets. Vancouver has been a pricy housing market for many years, and its current benchmark price has increased by 35% over the past five years, compared with the CPI inflationof 18% over the past five years. This rise in home prices was supported by a rise in the...
Over the past 19 years, the 231% growth in Vancouver home prices has been much faster than either the inflation rate of 50% or wage growth. In other words, building houses (producing shelter) has been more difficult than making most other economic goods and services. Many claim that land is a limited resource, and thus, house building faces a natur...
Over the past three years, interest rate expectations have been the main driver of the Canadian housing market. During 2022 and 2023, the Bank of Canada raised interest rates to subdue CPI inflation. Between January 2022 and January 2023, higher Canadian interest rates pushed up mortgage rates and reduced borrowing power, reducing bids from investo...
Headwater Projects, a real estate investment firm that’s been around since 2008, heard that the small town of Ladner was amending its official community plan to allow for more density, up to six storeys. Now, their 131-unit, six-storey mixed-use Bridge & Elliott project is ready to sell. Kerry Gold. Jul 02, 2024. Policy.
May 6, 2024 · Unlock the secrets of Metro Vancouver’s thriving real estate market with our exclusive insights! In April 2024, the Vancouver real estate scene witnessed an unprecedented surge in inventory, reaching record highs unseen since the summer of 2020. As the Greater Vancouver REALTORS® (GVR) report, actively listed homes for sale on the MLS ...
2 days ago · Greater Vancouver's real estate board says the number of homes sold in June tumbled 19.1 per cent from the previous year as inventory continued accumulating to levels not seen since the spring of ...
Oct 4, 2023 · The Real Estate Board of Greater Vancouver says although month-over-month home price increases cooled in September, more homeowners are listing properties and the composite benchmark price for the ...
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Jun 2, 2023 · The Real Estate Board of Greater Vancouver (REBGV) says May home sales increased 15.7 per cent compared to the same month a year ago as average prices also rose. "Our forecast projected prices to ...
