Monthly Rental Market Report - May 2023
Unfurnished one-bedroom units across the Metro Vancouver region have seen a rise in rent prices, with the exception of Burnaby & Coquitlam. The average rent price in May was $2,318, which is $55 higher than the average price in April of this year. Wes...
Read MoreMonthly Real Estate Market Report - April 2023
Although home sales in Metro Vancouver are still lower than expected around this time of year, the housing market has seen a significant increase in activity in the last few months, rising near to levels seen last spring, before eight consecutive interest...
Read MoreMonthly Rental Market Report - April 2023
April saw an inverse of the pricing trend we've been witnessing since the beginning of the year, with unfurnished one-bedroom homes seeing an increase in the average rental price, while furnished one-bedroom homes saw a decrease in their average rental pr...
Read MoreMonthly Rental Market Report - March 2023
For the second month in a row, unfurnished one-bedroom rental prices have dropped across the region of Metro Vancouver, excluding only the communities of Vancouver and West Vancouver, which both saw rental increases for unfurnished one-bedroom units sligh...
Read MoreMonthly Real Estate Market Report - March 2023
The Real Estate Board of Greater Vancouver reported that March saw 2,535 house sales; a 45.2% decrease from the 4,405 sales made in March 2022. Despite this, home prices across Metro Vancouver have increased modestly since the start of the year, and this...
Read MoreMonthly Rental Market Report- February 2023
Metro Vancouver is an area with a wide range of rental rates. For example, West Vancouver had the highest prices for one, two and three-bedroom homes, both furnished and unfurnished, in consecutive months, while North Vancouver had the highest prices for...
Read MoreMonthly Real Estate Market Report - February 2023
Recent data from February indicates that many potential sellers in Metro Vancouver still hesitate to participate in the local real estate market, leading to a below-average number of transactions. This lack of engagement has caused inventory levels in the...
Read MoreMonthly Real Estate Market Report - January 2023
Inventory remains low in Metro Vancouver* while home sales dipped well below monthly historical averages in January. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,022 in January 2023, a...
Read MoreMonthly Rental Market Report - January 2023
This upward trend we've been experiencing in rent prices in and around Metro Vancouver is not expected to continue. With the Bank of Canada's interest rate increases slowing down, rental prices could potentially decrease as well. Since January 2022, t...
Read MoreMonthly Real Estate Market Report - December 2022
In 2022, Metro Vancouver's housing market took a cautious approach due to the rise in borrowing costs caused by the Bank of Canada's ongoing fight with inflation. According to the Real Estate Board of Greater Vancouver (REBGV), residential home sales in t...
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