Home sale activity up, supply down to start 2020

Home sales decline below long-term averages in 2019 despite increased demand to end the year!

Metro Vancouver home sales return to historically typical levels 

Home buyer activity increases in October
“With prices edging down over the last year and interest rates remaining low, hopeful home buyers are becoming more active this fall.” says Ashley Smith, REBGV president.

Increased demand helps housing market reach balanced territory

Beware of Upbeat headlines…Metro Vancouver housing market sees summer uptick in sales - But what about prices!!  Read on…    Home buyer activity definitely increased to more typical levels in Metro Vancouver throughout the summer months. The Real Estate Board of Greater Vancouver (REBGV) has reported that residential home sales in the region totalled 2,231 in August 2019, a 15.7 pe ...

Home Sales Increase in July 2019“While home sale activity remains below long-term averages, we saw an increase in sales in July compared to the less active spring we experienced,” Ashley Smith, REBGV president said. “Those looking to buy today continue to benefit from low interest rates, increased selection, and reduced prices compared to the heated market a few years ago.” ...

Housing supply up, home sales and prices down - June 2019
“We’re continuing to see an expectation gap between home buyers and sellers in Metro Vancouver,” said Ashley Smith, REBGV president. “Sellers are often trying to get yesterday’s values for their homes while buyers are taking a cautious, wait-and-see approach.”

May sees a modest increase in home sales while housing supply reaches a 5 year high - REBGV

Reduced demand and increased supply remain the trend across the housing market in Vancouver for April 2019