Greater Vancouver real estate might be ready to wake from its slumber. Greater Vancouver Realtors, the board formerly known as REBGV, data shows the price of a typical home halted declines in November. Despite a 5-figure monthly decline just a few weeks prior, a sudden surge of sales helped to boost buyer sentiment. That sentiment […]
Greater Vancouver real estate’s luck might be running out. Greater Vancouver Realtors (GVR) data shows the price of a composite home slipped in August. The market has managed to avoid the significant correction seen in other major markets, but things are suddenly heading in the wrong direction. Fewer sales and rising inventory is helping to […]
Vancouver real estate has fared well since the market slowed, but signs of stress are appearing. Equifax data shows Vancouver mortgage delinquencies climbed in Q1 2024. The delinquency rate remains relatively low, but it made a sharp turn and has already climbed back to pre-pandemic levels. Slow borrowing and sales still persist, meaning this trend […]
Greater Vancouver real estate prices barely corrected, but they’re already back to climbing. Real Estate Board of Greater Vancouver (REBGV) data shows the price of a composite benchmark home climbed in March. It was actually a huge jump in price, but at least one of the Big Six banks sees it being just a blip, […]
Investors scooped nearly half of the new condo supply in British Columbia (BC). Statistics Canada (Stat Can) data reveals investor ownership of property using 2020 tax data. Isolating construction dates, we can see that investors focused primarily on new construction built in 2016 or later. Big cities, small ones, and even rural markets—saw investors capture […]
Greater Vancouver real estate prices were slow to respond to higher rates, but it’s making up for lost time. Real Estate Board of Greater Vancouver (REBGV) data shows composite home prices made a sharp drop in November 2022. Since peaking earlier this year, the price of a typical home has dropped by more than $130,000, […]
Greater Vancouver real estate continued its rut, like most of the country’s markets. Real Estate Board of Greater Vancouver (REBGV) data shows the price of a typical home fell in July. It was the third consecutive drop, coming in just a hair below the record. Despite the recent downturn, prices are still much higher than […]
Greater Vancouver real estate prices only showed a mild pullback while Toronto was plummeting, but it’s making up for lost time. Real Estate Board of Greater Vancouver (REBGV) data shows the benchmark price made a sharp drop in June. After barely budging in May, prices are now falling tens of thousands per week. Greater Vancouver […]
Greater Vancouver real estate is cooling almost as fast as the market heated up. Real Estate Board of Greater Vancouver (REBGV) data shows the price of a typical home fell in May. The drops were accompanied by falling home sales too. In fact, demand has fallen so fast that only a minor increase in supply […]
Greater Vancouver real estate is adjusting to a world with higher rates very quickly. Real Estate Board of Greater Vancouver (REBGV) data shows home sales fell sharply in April. They even fell faster than inventory, actually releasing pressure on prices to rise. Home prices are seeing growth decelerate fast as the region enters a “balanced […]
