Greater Vancouver didn’t see the housing correction Toronto did, but it’s unclear if that was just a delay. Greater Vancouver REALTORS (GVREB) data shows sales fell in September. Combined with elevated inventory, weaker sales pushed prices to a 5-year low. Greater Vancouver Home Prices Fall To A 5-Year Low The price of a typical home […]
Housing in Vancouver avoided a major correction like Toronto, but it may be running out of luck. Greater Vancouver Realtors (GVREB) data shows sales climbed in June, and inventory pulled back. Both moves are signs of tightening, but with prices slipping and inventory at some of the highest levels the month has seen, the market […]
Vancouver real estate is known for excess, but that’s usually not in reference to inventory. Greater Vancouver Realtors (GVREB) data shows prices nearly hit a 5-year low in April. The market was lucky enough to avoid a Toronto-style correction until this point. However, weak demand and soaring inventory are sending a warning that its luck […]
Vancouver home prices demonstrated resilience against rising rates, and they may be doing the same with weakening demand. Greater Vancouver Realtors (GVREB) data shows prices rose in March, a first in a very long time for the region. Before declaring the market back from the dead, the minor growth may be noise, considering that sales […]
Home prices in Vancouver have resisted the sharp downturn seen in Toronto, but that may be changing fast. Greater Vancouver Real Estate Board (GVREB) data shows prices made a sharp drop in January, with losses accelerating in recent months. A combination of weak demand and multi-year highs for inventory—and a new construction glut—signals more downward […]
Greater Vancouver real estate has dodged the sharp downturn seen in cities like Toronto, but cracks are showing. Greater Vancouver Real Estate Board (GVR) data shows prices slipped again in November, hitting a new multi-year low. Sales remain soft, but the real story is inventory—now at its highest level for November in over a decade. […]
Vancouver real estate prices have been resilient, but they may have just run out of luck. Data from Greater Vancouver Realtors (GVR), formerly the REBGV, shows prices made a sharp drop in October. A market known for scarce inventory has seen a sudden influx of listings amid weak sales, pushing inventory to one of the […]
Greater Vancouver real estate went from some of the world’s most coveted to historically weak demand in just a few years. REBGV data shows prices fell in June, as demand fell to the second weakest level in the past 25 years. At the same time, the region’s notoriously scarce inventory is no more—there are now […]
Greater Vancouver real estate only has a handful of buyers, but they’re bidding up prices for some reason. Greater Vancouver Realtors (GVR), formerly REBGV, shows home prices made a substantial jump in March. The increase occurred despite it being one of the weakest months for demand in decades, and the most well-supplied market in recent […]
Vancouver real estate sales picked up last month, but lofty inventory is easing market pressures. Greater Vancouver Realtors (GVR), formerly REBGV, data shows the price of a composite benchmark (typical) home fell slightly in December. The minor decline emphasized uncertainty about where prices should head, remaining mostly unchanged from last year. Despite sales seeing enormous […]
