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 […]
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 […]
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 predicted Spring boom currently looks like a bust. Greater Vancouver Realtors, the new name for REBGV, reported home prices moved minimally in May. What really stood out was a collapse in sales and a surge in inventory, an unusual sight at this time of year. How unusual? Outside of 2020, one […]
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, […]
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, […]
