Market Updates

Oct. 11, 2022

September 2022 Greater Vancouver Real Estate Market Update

 

METRO VANCOUVER

New listings expand inventory; prices still declining, with exceptions

The Metro Vancouver residential market showed positive signs in its replenishment of housing stock in September, even as home sales continued to decline under the ongoing central bank regime of interest rate hikes. With the …

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Posted in Market Updates
Oct. 11, 2022

September 2022 Fraser Valley Real Estate Market Update

 

FRASER VALLEY

Balanced market, but still cooling; new listings sell quickly

Home sales in the Fraser Valley in September continued the downward trend seen over the past six months, showing a decrease of 11.8% from August. While the market’s cooling is still primarily attributable to the …

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Posted in Market Updates
Sept. 13, 2022

August 2022 Fraser Valley Real Estate Market Update

 

FRASER VALLEY

Home sales uptick in Fraser Valley; excellent purchase opportunities.

Fraser Valley residential sales increased slightly in August, up 2.4% from the preceding month. While total sales volume continues around half of what it was a year ago, the current upward sales tick, along with …

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Posted in Market Updates
Sept. 13, 2022

August 2022 Greater Vancouver Real Estate Market Update

 

METRO VANCOUVER

Rate of sales decline slows; long-term home value holds in Metro Vancouver

Home sales showed a marked reduction in the rate of decline for the month of August in Metro Vancouver compared to recent months. While sales showed a decline of 22.8% decline from …

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Posted in Market Updates
Aug. 17, 2022

July 2022 Greater Vancouver Real Estate Market Update

 

METRO VANCOUVER

Home sales continue to slow; prices decline

Residential market activity in Metro Vancouver is continuing to slow under the Bank of Canada’s inflation fighting measures. At the end of July, the region’s home sales for the month reached a total of 1,887, a 22.8% …

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Posted in Market Updates
Aug. 17, 2022

July 2022 Fraser Valley Real Estate Market Update

 

FRASER VALLEY

Home sales, prices continue to decline; excellent purchase opportunities

While inflation fighting measures continue with rising mortgage interest rates, Fraser Valley home sales declined again in July. The total number of sales at the end of the month reached 993, a decrease of 22.5% …

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Posted in Market Updates
July 12, 2022

June 2022 Greater Vancouver Real Estate Market Update

 

METRO VANCOUVER

Market rebalancing sees prices decline, supply increase

As Metro Vancouver’s residential market continues to adjust the Canada’s changing mortgage environment, higher borrowing costs have served to quell home sales significantly. June sales dropped to 2,444, a decline of more than 16% from the preceding …

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Posted in Market Updates
July 12, 2022

June 2022 Fraser Valley Real Estate Market Update

 

FRASER VALLEY

Fraser Valley sees price declines; total available inventory is up.

Home sales continued to decline for the third consecutive month as the Fraser Valley residential market shows signs of rebalancing under the current regime of rising interest rates in Canada. The Valley’s sales  

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Posted in Market Updates
June 14, 2022

May 2022 Greater Vancouver Real Estate Market Update

 

METRO VANCOUVER

Mortgage rates up, sales down; prices decline

Home sales in Metro Vancouver declined again last month as mortgage interest rates continue to rise. The total of 2,918 residential sales in May was 9.7% down from the preceding month, and a 31.6% decrease from the …

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Posted in Market Updates
June 14, 2022

May 2022 Fraser Valley Real Estate Market Update

 

FRASER VALLEY

New listings on upswing; market cooling and prices declining

Amid a continuing drop in Fraser Valley home sales in May, now accompanied by  declining prices in all property types, new listings are on the rise, more than tripling the supply of available home …

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Posted in Market Updates