The total number of sales for October 2021 declined 5% from October 2020 but still remained 22% over the 10-year average and 11% up from September. At the same time, the overall supply of homes dropped 35% from 12 months ago and 13% from September, making it the lowest inventory level the market has experienced in 3 years. This extremely low supply and continuously strong buyer demand has pushed the overall sale-to-listing ratio to a significant 44%. Prices continue to inch

The total number of home sales in Metro Vancouver was virtually unchanged from August, but new listings were up 28% for September, as expected for the fall market. That said, inventory still remains low with the current listing count at 28% below the 10-year average. Benchmark pricing was up 1% overall. Below is a recap of the most relevant insights, as reported by the REBGV. - There were 3149 home sales in Vancouver for September 2021, which is a 14% decrease from the same m

Prices remain steady as we move into September and the fall market begins to pick up. Although there were 5% fewer sales than this past July, low inventory was a theme throughout August with 8% fewer homes listed than in July and 30% less than August 2020. At the same time, sales were still 20% above the 10-year average and 3% higher than August 2020. Below is a recap of the most relevant insights, as reported by the REBGV: - There were 3152 home sales in Vancouver for August

August sales volumes have fallen more in line with what is typical for this time of year, but inventory remains low overall, keeping demand and prices steady. Certain areas and property types (eg Kitsilano condos) remain hot markets and are still seeing multiple offers with low average contract days on market. Although 12% lower than June 2021, sales volumes were still 13% above the 10-year average and 6% higher than July 2020. At the same time, the number of newly listed hom

Sales slowed in June, 2021 with 12% fewer homes purchased than in May, but the market remains elevated with numbers 18% over the 10-year average and 54% above June, 2020. Below is a recap of the most relevant insights, as reported by the REBGV. - There were 3762 home sales in Vancouver for June 2021, which is a 54% increase over the same month in 2020 and 18% over the 10-year average. That said, sales were 12% lower than May, 2021. Benchmark pricing increased 15% overall duri

Sales slowed slightly from April and dropped off record-setting pace with 13% less homes sold, but they were still 188% above May 2020.

Although the number of homes sold in Vancouver throughout April did slow slightly from March, the totals still came in 343% above where they were in April 2020 and 56% above the 10-year average. Strong demand bolstered by low interest rates continues to keep available inventory low and prices high. Below is a recap of the most relevant insights, as reported by the REBGV. - There were 4908 home sales in Vancouver for April 2021, which is a 343% increase over the same month in

Last month's sales numbers were the highest ever recorded for Metro Vancouver, being 72% above the 10-year average for March and 126% higher than the number of homes sold the same month last year. Demand continues to keep supply low and prices high with multiple offer situations and record figures underlining a strong seller's market. Below is a recap of the most relevant insights, as reported by the REBGV. - There were 5,708 home sales in Vancouver for March 2021, which is a

Demand fuelled by low interest rates continues to propel the market with the REBGV reporting that sales numbers were up 56% from January 2021 and 43% above the 10-year average for February. It's definitely a sellers market with benchmark pricing as high it's ever been for the region and strong buyer interest continuing to keep inventory low. Below is a recap of the most relevant insights, as reported by the REBGV. - There were 3,727 home sales in Vancouver for February 2021,

Multiple offer situations with homes selling over their listing price were not uncommon for January. Home sales continue to outpace supply with the REBGV reporting that numbers were 36.4% above the 10-year average. Below is a recap of the most relevant insights: - There were 2,389 home sales in Vancouver for January 2021, which is a 52.1% increase from the same month in 2019 and 36.4% over the 10-year average. It is, however, 22.8% less than the record-setting sales seen in

2020 may have started off slow before slowing even further with the onset of COVID, but it certainly ended strong with December sales being the highest ever recorded for the month and 57.7% above the 10 year average. The Real Estate Board of Greater Vancouver reported that there were 3,093 home sales in Vancouver for December 2020, which is a 53.4% increase from the same month in 2019. It's also 0.9% higher than November 2020, which is unusual given that December is often th

With over 3,000 homes sold for the first time since 2015, this November’s sales were 25% above the 10-year average for the month and the second highest November sales total for Metro Vancouver on record. Adding to this, the Real Estate Board of Greater Vancouver also highlighted that sales were 23% higher than this time last year. There were, however, 17% fewer sales than this past October, which is to be expected with the holidays approaching and the fact that 27% less new l

The Metro Vancouver real estate market continues to tick along with October 2020 sales coming in at 3,687 units. This is a 29% increase from the same month last year and a 1.2% increase from the record-setting September 2020. October sales totals were also 35% above the 10-year average and the second highest on record ever for the month, as reported by the Real Estate Board of Greater Vancouver. Overall, 5,571 new listings came on the market last month which was almost 40% mo

Following the trends seen over the last couple months, the Real Estate Board of Greater Vancouver is again reporting record records sales numbers. For September, 2020, REBGV indicated that residential home sales in the region totalled 3,643, which was a a 56.2% increase from the 2,333 sales recorded in September 2019, and a 19.6% increase from the 3,047 homes sold in August 2020. Also of note, last month’s sales were 44.8% higher than the 10-year September sales average and

Homes sales for the Metro Vancouver for August were 20% above the 10 year average.

While sales slowed considerably during the spring through the initial wave of COVID-19, dropping far below the 10 year average, the market is again on the upswing in terms of prices, sales numbers and sales ratios. For July 2020, the Real Estate Board of Greater Vancouver reported there were 3,128 residential home sales across Metro Vancouver, which is a 22.3% increase from July 2019, and a 28% increase from June 2020. The sales totals for July are also 9.4% above the 10-year

Important changes to CMHC mortgage underwriting criteria.

There was a significant 56% drop in sales compared to last month and 40% compared to April last year. Despite the considerable slowdown, pricing has remained somewhat resilient for the time being. The low amount of new inventory has likely been causal to this by maintaining demand for the listings available. There was a 35% drop in new listings compared to April 2019 and a 12% sales-to-active listing ratio. Typically there is downward pressure on pricing once the sale-to-acti

Bank of Canada lowers the overnight rate by another 50 basis points in light of COVID-19 and a slow economy.

BC Housing Assessments for 2019 and the latest statistics for the Metro Vancouver region.