Greater Vancouver Market Report
December || Vancouver Market Report
After seeing record sales and prices during the pandemic, Metro Vancouver’s* housing market experienced a year of caution in 2022 due to rising borrowing costs fueled by the Bank of Canada’s ongoing battle with inflation.
The Real Estate Board of Greater Vancouver reports that residential home sales in the region totalled 28,903 in 2022, a 34.3 percent decrease from the 43,999 sales recorded in 2021, and a 6.6 percent decrease from the 30,944 homes sold in 2020.
Last year’s sales total was 13.4 percent below the 10-year sales average.
November || Vancouver Market Report
The Real Estate Board of Greater Vancouver reports that while typically a quiet month of market activity based on seasonal patterns, November home sale and listing totals lagged below the region’s long-term averages. Residential home sales in the region totalled 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.
Curious about learning more? Ask us about your real estate needs in the comments and we'll be happy to answer!
October || Vancouver Market Report
Home sale activity across the Metro Vancouver* housing market continued to trend well below historical averages in October.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,903 in October 2022, a 45.5 percent decrease from the 3,494 sales recorded in October 2021, and a 12.8 percent increase from the 1,687 homes sold in September 2022.
Last month’s sales were 33.3 percent below the 10-year October sales average.
September || Vancouver Market Report
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.
August || Vancouver Market Report
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 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.
July || Vancouver Market Report
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 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.
June || Vancouver Market Report
The Real Estate Board of Greater Vancouver reports that residential home sales in the region totalled 2,444 in June 2022, a 35 per cent decrease from the 3,762 sales recorded in June 2021, and a 16.2 per cent decrease from the 2,918 homes sold in May 2022.
Last month’s sales were 23.3 per cent below the 10-year June sales average.
Curious about learning more? Ask us about your real estate needs in the comments and we'll be happy to answer!
May || Vancouver Market Report
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 totalled 2,918 in May 2022, a 31.6 per cent decrease from the 4,268 sales recorded in May 2021, and a 9.7 per cent decrease from the 3,232 homes sold in April 2022.
April || Vancouver Market Report
The Real Estate Board of Greater Vancouver reports that residential home sales in the region totalled 3,232 in April 2022, a 34.1 percent decrease from the 4,908 sales recorded in April 2021, and a 25.6 percent decrease from the 4,344 homes sold in March 2022.
Last month’s sales were 1.5 percent above the 10-year April sales average.
“With interest rates climbing and the total inventory of homes for sale inching higher each month, it’s important to work with your local Realtor to understand how these factors could affect your home buying or selling situation,” Daniel John, REBGV Chair
Curious about learning more? Ask us about your real estate needs in the comments and we'll be happy to answer!
March || Vancouver Market Report
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 4,344 in March 2022, a 23.9 percent decrease from the 5,708 sales recorded in March 2021 a 26.9 percent increase from the 3,424 homes sold in February 2022.
Last month’s sales were 25.5 percent above the 10-year March sales average
February || Vancouver Market Report
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,424 in February 2022, an 8.1 per cent decrease from the 3,727 sales recorded in February 2021, and a 49.8 per cent increase from the 2,285 homes sold in January 2022.
January || Vancouver Market Report
The first month of 2022 saw home sales come down from last year’s record-setting pace, while low supply continued to cause home prices to edge higher across Metro Vancouver*.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,285 in January 2022, a 4.4 per cent decrease from the 2,389 sales recorded in January 2021, and a 15 per cent decrease from the 2,688 homes sold in December 2021.
2021 Monthly and Yearly Report
Metro Vancouver* home sales reached an all-time high in 2021 as housing needs remained a top priority for residents in the second year of the COVID-19 pandemic.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 43,999 in 2021, a 42.2 per cent increase from the 30,944 sales recorded in 2020, a 73.6 per cent increase from the 25,351 homes sold in 2019, and a four per cent increase over the previous all-time sales record of 42,326 set in 2015.
Last year’s sales total was 33.4 per cent above the 10-year sales average.