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 Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,808 in February 2023, a 47.2 per cent decrease from the 3,424 sales recorded in February 2022, and a 76.9 per cent increase from the 1,022 homes sold in January 2023.

Last month’s sales were 33 per cent below the 10-year February sales average.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 1,022 in January 2023, a 55.3 percent decrease from the 2,285 sales recorded in January 2022, and a 21.1 percent decrease from the 1,295 homes sold in December 2022.

Last month’s sales were 42.9 percent below the 10-year January sales average.

Residential home sales in the region totalled 1,295 in December 2022, a 51.8 per cent decrease from the 2,688 sales recorded in December 2021, and a 19.8 per cent decrease from the 1,614 homes sold in November 2022.

Last month’s sales were 37.7 per cent below the 10-year December sales average.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 1,614 in November 2022, a 52.9 percent decrease from the 3,428 sales recorded in November 2021, and a 15.2 percent decrease from the 1,903 homes sold in October 2022.

Last month’s sales were 36.9 percent below the 10-year November sales average.

Inflation and rising interest rates continue to dominate headlines, leading many buyers and sellers to assess how these factors impact their housing options. With sales remaining near historic lows, the number of active listings continues to inch upward, causing home prices to recede from the record highs set in the spring of 2022 

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 the 3,149 sales recorded in September 2021, and a 9.8 per cent decrease from the 1,870 homes sold in August 2022.

Last month’s sales were 35.7 per cent below the 10-year September sales average.

Metro Vancouver's housing market sees fewer home buyers and sellers in August.

Metro Vancouver’s housing market is experiencing a quieter summer season marked by reduced sale and listing activity.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,870 in August 2022, a 40.7 percent decrease from the 3,152 sales recorded in August 2021, and a 0.9 percent decrease from the 1,887 homes sold in July 2022.

Last month’s sales were 29.2 per cent below the 10-year August sales average.

"With inflationary pressure and interest rates on the rise, home buyer and seller activity shifted below our long-term seasonal averages this summer. This shift in market conditions caused prices to edge down over the past four months."

Metro Vancouver’s housing market has entered a new cycle marked by quieter home buyer demand and a gradual rise in the supply of homes for sale.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,887 in July 2022, a 43.3 percent decrease from the 3,326 sales recorded in July 2021, and a 22.8 percent decrease from the 2,444 homes sold in June 2022.

Last month’s sales were 35.2 percent below the 10-year July sales average.

Download Printable Version – REBGV July 2022 Data Infographic Report North Vancouver

Download Printable Version – REBGV July 2022 Data Infographics Report West Vancouver

Download Printable Version – REBGV July 2022 Data Infographics Report Vancouver West

Download Printable Version – REBGV July 2022 Data Infographics Report Vancouver East

Home listings up, sales down and prices starting to decrease.

With interest rates and housing supply increasing, Metro Vancouver* home buyers are operating in a changing marketplace to begin the summer season.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,444 in June 2022, a 35 percent decrease from the 3,762 sales recorded in June 2021, and a 16.2 percent decrease from the 2,918 homes sold in May 2022.

Last month’s sales were 23.3 percent below the 10-year June sales average.

Download Printable Version – REBGV June 2022 Data Infographic Report North Vancouver

Download Printable Version – REBGV June 2022 Data Infographics Report West Vancouver

Download Printable Version – REBGV June 2022 Data Infographics Report Vancouver West

Download Printable Version – REBGV June 2022 Data Infographics Report Vancouver East

Spring ushers in calmer housing market trends in Metro Vancouver, After reaching record-setting levels in 2021, home sale activity has returned to more typical seasonal levels in Metro Vancouver this spring due, in large part, to rising interest rates. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 2,918 in May 2022, a 31.6 percent decrease from the 4,268 sales recorded in May 2021, and a 9.7 percent decrease from the 3,232 homes sold in April 2022. Last month’s sales were 12.9 percent below the 10-year May sales average.

These infographics cover current trends in North Vancouver, West Vancouver, Vancouver East, and Vancouver West. Click on the images for a larger view!

Download Printable Version – REBGV May 2022 Data Infographic Report North Vancouver

Download Printable Version – REBGV May 2022 Data Infographics Report West Vancouver

Download Printable Version – REBGV May 2022 Data Infographics Report Vancouver West

Download Printable Version – REBGV May 2022 Data Infographics Report Vancouver East