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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
Read the latest headlines on Vancouver's real estate market. We provide you with insights & commentary on Vancouver's property market conditions & trends.
- 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...
May 6, 2024 · 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® soared by an astounding 42 per cent year-over-year, breaching the 12,000 mark.
Aug 2, 2023 · Residential real estate sales in the Greater Vancouver totalled 2,455 last month, a 28.9 per cent increase from a year ago.
Jun 2, 2023 · There were 5,661 detached, attached and apartment properties newly listed for sale in Metro Vancouver in May 2023, an 11.5 per cent decrease compared to the 6,397 homes listed in May 2022 and 4.3...
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Dec 4, 2023 · There were 3,369 new listings of detached, attached and apartment properties last month, a 9.8 per cent increase from a year earlier, as new listings were 2.8 per cent below the 10-year seasonal...
