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Greater Vancouver Market Report Infographics

Monday, March 11, 2024 11:01:45 PM UTC
INFOGRAPHICS: February 2024 GVR Greater Vancouver Market Reports
English Bay in Vancouver

Home sellers active, bring much-needed inventory to housing market

While Metro Vancouver1 home sellers appeared somewhat hesitant in January, new listings rose 31 per cent year-over-year in February, bringing a significant number of newly listed properties to the market.

Greater Vancouver REALTORS® (GVR)2 reports that residential sales3 in the region totalled 2,070 in February 2024, a 13.5 per cent increase from the 1,824 sales recorded in February 2023. This was 23.3 per cent below the 10-year seasonal average (2,699).

“While the pace of home sales started the year off briskly, the pace of newly listed properties in January was slower by comparison. A continuation of this pattern in February would have been concerning, as it could quickly tilt the market towards overheated conditions.” Andrew Lis, GVR director of economics and data analytics

Read the full report on the REBGV website!


 

The following data is a comparison between February 2024 and February 2023 numbers, and is current as of March 2024. For last month’s update, you can check out our previous post!

Or follow this link for all our GVR Infographics!

These infographics cover current trends in several areas within the Greater Vancouver region. Click on the images for a larger view!

 

Printable Version – GVR February 2024 Data Infographic Report North Vancouver

Printable Version – GVR February 2024 Data Infographics Report West Vancouver

Printable Version – GVR February 2024 Data Infographics Report Vancouver West

Printable Version – GVR February 2024 Data Infographics Report Vancouver East

Printable Version – GVR February 2024 Data Infographic Report Maple Ridge

Printable Version – GVR February 2024 Data Infographics Report Pitt Meadows

Printable Version – GVR February 2024 Data Infographics Report Port Coquitlam

Printable Version – GVR February 2024 Data Infographics Report Coquitlam

Printable Version – GVR February 2024 Data Infographic Report Burnaby North

Printable Version – GVR February 2024 Data Infographics Report Burnaby South

Printable Version – GVR February 2024 Data Infographics Report Burnaby East

Printable Version – GVR February 2024 Data Infographics Report New Westminster

Printable Version – GVR February 2024 Data Infographics Report Richmond

 

 

 


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INFOGRAPHICS: January 2024 REBGV Greater Vancouver Market Reports
English Bay in Vancouver

Home sales across Metro Vancouver’s housing market off to strong start in 2024

While the Metro Vancouver market ended 2023 in balanced market territory, conditions in January began shifting back in favour of sellers as the pace of newly listed properties did not keep up with the volume of home sales.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales in the region totalled 1,427 in January 2024, a 38.5 per cent increase from the 1,030 sales recorded in January 2023. This was 20.2 per cent below the 10-year seasonal average (1,788).

“It’s hard to believe that January sales figures came in so strong after such a quiet December, which saw many buyers and sellers delaying major decisions. If sellers don’t step off the sidelines soon, the competition among buyers could tilt the market back into sellers’ territory as the available inventory struggles to keep pace with demand.” Andrew Lis, REBGV director of economics and data analytics

Read the full report on the REBGV website!


 

The following data is a comparison between January 2024 and January 2023 numbers, and is current as of February 2024. For last month’s update, you can check out our previous post!

Or follow this link for all our REBGV Infographics!

These infographics cover current trends in several areas within the Greater Vancouver region. Click on the images for a larger view!

 

Printable Version – REBGV January 20243 Data Infographic Report North Vancouver

Printable Version – REBGV January 2024 Data Infographics Report West Vancouver

Printable Version – REBGV January 2024 Data Infographics Report Vancouver West

Printable Version – REBGV January 2024 Data Infographics Report Vancouver East

Printable Version – REBGV January 2024 Data Infographic Report Maple Ridge

Printable Version – REBGV January 2024 Data Infographics Report Pitt Meadows

Printable Version – REBGV January 2024 Data Infographics Report Port Coquitlam

Printable Version – REBGV January 2024 Data Infographics Report Coquitlam

Printable Version – REBGV January 2024 Data Infographic Report Burnaby North

Printable Version – REBGV January 2024 Data Infographics Report Burnaby South

Printable Version – REBGV January 2024 Data Infographics Report Burnaby East

Printable Version – REBGV January 2024 Data Infographics Report New Westminster

Printable Version – REBGV January 2024 Data Infographics Report Richmond

 

 

 


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INFOGRAPHICS: December 2023 REBGV Greater Vancouver Market Reports
English Bay in Vancouver

Housing market resilient in 2023, ends year in balanced territory

Metro Vancouver’s housing market closed out 2023 with balanced market conditions, but the year-end totals mask a story of surprising resilience in the face of the highest borrowing costs seen in over a decade.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales in the region totalled 26,249 in 2023, a 10.3 per cent decrease from the 29,261 sales recorded in 2022, and a 41.5 per cent decrease from the 44,884 sales in 2021.

“You could miss it by just looking at the year-end totals, but 2023 was a strong year for the Metro Vancouver housing market considering that mortgage rates were the highest they’ve been in over a decade.”
Andrew Lis, REBGV director of economics and data analytics

Read the full report on the REBGV website!


 

The following data is a comparison between December 2023 and December 2022 numbers, and is current as of January 2024. For last month’s update, you can check out our previous post!

Or follow this link for all our REBGV Infographics!

These infographics cover current trends in several areas within the Greater Vancouver region. Click on the images for a larger view!

 

Printable Version – REBGV December 2023 Data Infographic Report North Vancouver

Printable Version – REBGV December 2023 Data Infographics Report West Vancouver

Printable Version – REBGV December 2023 Data Infographics Report Vancouver West

Printable Version – REBGV December 2023 Data Infographics Report Vancouver East

Printable Version – REBGV December 2023 Data Infographic Report Maple Ridge

Printable Version – REBGV December 2023 Data Infographics Report Pitt Meadows

Printable Version – REBGV December 2023 Data Infographics Report Port Coquitlam

Printable Version – REBGV December 2023 Data Infographics Report Coquitlam

Printable Version – REBGV December 2023 Data Infographic Report Burnaby North

Printable Version – REBGV December 2023 Data Infographics Report Burnaby South

Printable Version – REBGV December 2023 Data Infographics Report Burnaby East

Printable Version – REBGV December 2023 Data Infographics Report New Westminster

Printable Version – REBGV December 2023 Data Infographics Report Richmond

 

 

 


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INFOGRAPHICS: November 2023 REBGV Greater Vancouver Market Reports
English Bay in Vancouver

Balanced conditions come to the Metro Vancouver housing market for the holiday season

With one month left in 2023, a steady increase in housing inventory is offering home buyers across Metro Vancouver1 among the largest selection to choose from since 2021.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales2 in the region totalled 1,702 in November 2023, a 4.7 per cent increase from the 1,625 sales recorded in November 2022. This was 33 per cent below the 10-year seasonal average (2,538).

“We’ve been watching the number of active listings in our market increase over the past few months, which is giving buyers more to choose from than they’ve been used to seeing over the past few years. When paired with the seasonal slowdown in sales we typically see this time of year, this increase in supply is creating balanced conditions across Metro Vancouver’s housing market.”
Andrew Lis, REBGV director of economics and data analytics

Read the full report on the REBGV website!


 

The following data is a comparison between November 2023 and November 2022 numbers, and is current as of December 2023. For last month’s update, you can check out our previous post!

Or follow this link for all our REBGV Infographics!

These infographics cover current trends in several areas within the Greater Vancouver region. Click on the images for a larger view!

 

Printable Version – REBGV November 2023 Data Infographic Report North Vancouver

Printable Version – REBGV November 2023 Data Infographics Report West Vancouver

Printable Version – REBGV November 2023 Data Infographics Report Vancouver West

Printable Version – REBGV November 2023 Data Infographics Report Vancouver East

Printable Version – REBGV November 2023 Data Infographic Report Maple Ridge

Printable Version – REBGV November 2023 Data Infographics Report Pitt Meadows

Printable Version – REBGV November 2023 Data Infographics Report Port Coquitlam

Printable Version – REBGV November 2023 Data Infographics Report Coquitlam

Printable Version – REBGV November 2023 Data Infographic Report Burnaby North

Printable Version – REBGV November 2023 Data Infographics Report Burnaby South

Printable Version – REBGV November 2023 Data Infographics Report Burnaby East

Printable Version – REBGV November 2023 Data Infographics Report New Westminster

Printable Version – REBGV November 2023 Data Infographics Report Richmond

Printable Version – REBGV November 2023 Data Infographics Report South Surrey / White Rock

 

 

 


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INFOGRAPHICS: October 2023 REBGV Greater Vancouver Market Reports
English Bay in Vancouver

Metro Vancouver housing market holds steady in October

An increase in newly listed properties is providing more choice to home buyers across Metro Vancouver, but sales remain below long-term averages.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales in the region totalled 1,996 in October 2023, a 3.7 per cent increase from the 1,924 sales recorded in October 2022. This total is 29.5 per cent below the 10-year seasonal average (2,832) for October.

“With properties coming to market at a rate roughly five per cent above the ten-year seasonal average, there seems to be a continuation of the renewed interest on the part of sellers to participate in the market we’ve been watching this fall. Counterbalancing this increase in supply, however, is the fact sales remain almost 30 per cent below their ten-year seasonal average, which tells us demand is not as strong as we might expect this time of year.”
Andrew Lis, REBGV director of economics and data analytics

Read the full report on the REBGV website!


 

The following data is a comparison between October 2023 and October 2022 numbers, and is current as of November 2023. For last month’s update, you can check out our previous post!

Or follow this link for all our REBGV Infographics!

These infographics cover current trends in several areas within the Greater Vancouver region. Click on the images for a larger view!

 

Printable Version – REBGV October 2023 Data Infographic Report North Vancouver

Printable Version – REBGV October 2023 Data Infographics Report West Vancouver

Printable Version – REBGV October 2023 Data Infographics Report Vancouver West

Printable Version – REBGV October 2023 Data Infographics Report Vancouver East

Printable Version – REBGV October 2023 Data Infographic Report Maple Ridge

Printable Version – REBGV October 2023 Data Infographics Report Pitt Meadows

Printable Version – REBGV October 2023 Data Infographics Report Coquitlam

Printable Version – REBGV October 2023 Data Infographics Report Port Coquitlam

Printable Version – REBGV October 2023 Data Infographic Report Burnaby North

Printable Version – REBGV October 2023 Data Infographics Report Burnaby South

Printable Version – REBGV October 2023 Data Infographics Report Burnaby East

Printable Version – REBGV October 2023 Data Infographics Report New Westminster

Printable Version – REBGV October 2023 Data Infographics Report Richmond

Printable Version – REBGV October 2023 Data Infographics Report South Surrey / White Rock

 

 

 


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INFOGRAPHICS: September 2023 REBGV Greater Vancouver Market Reports
English Bay in Vancouver

As inventory increases, price gains relent to begin the fall season

The month-over-month price gains seen earlier this year abated in the Metro Vancouver housing market in September due to a seasonal decline in sales and a modest increase in inventory levels across the region.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,926 in September 2023, a 13.2 per cent increase from the 1,701 sales recorded in September 2022. This was 26.3 per cent below the 10-year seasonal average (2,614).

“A key dynamic we’ve been watching this year has been the reluctance of some homeowners to list their homes given that mortgage rates are the highest they’ve been in over ten years. With fewer listings coming to the market earlier this year than usual, inventory levels remained very low, which led prices to increase throughout the spring and summer months.”
Andrew Lis, REBGV director of economics and data analytics

Read the full report on the REBGV website!


 

The following data is a comparison between September 2023 and September 2022 numbers, and is current as of October 2023. For last month’s update, you can check out our previous post!

Or follow this link for all our REBGV Infographics!

These infographics cover current trends in several areas within the Greater Vancouver region. Click on the images for a larger view!

 

Printable Version – REBGV September 2023 Data Infographic Report North Vancouver

Printable Version – REBGV September 2023 Data Infographics Report West Vancouver

Printable Version – REBGV September 2023 Data Infographics Report Vancouver West

Printable Version – REBGV September 2023 Data Infographics Report Vancouver East

Printable Version – REBGV September 2023 Data Infographic Report Maple Ridge

Printable Version – REBGV September 2023 Data Infographics Report Pitt Meadows

Printable Version – REBGV September 2023 Data Infographics Report Coquitlam

Printable Version – REBGV September 2023 Data Infographics Report Port Coquitlam

Printable Version – REBGV September 2023 Data Infographic Report Burnaby North

Printable Version – REBGV September 2023 Data Infographics Report Burnaby South

Printable Version – REBGV September 2023 Data Infographics Report Burnaby East

Printable Version – REBGV September 2023 Data Infographics Report New Westminster

Printable Version – REBGV September 2023 Data Infographics Report Richmond

 

 

 


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INFOGRAPHICS: August 2023 REBGV Greater Vancouver Market Reports
English Bay in Vancouver

Seasonal slowdown brings price stability to Metro Vancouver

As summer winds to a close, higher borrowing costs have begun to permeate the Metro Vancouver1 housing market in predictable ways, with price gains cooling and sales slowing along the typical seasonal pattern.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales2 in the region totalled 2,296 in August 2023, a 21.4 per cent increase from the 1,892 sales recorded in August 2022. This was 13.8 per cent below the 10-year seasonal average (2,663).

“It’s been an interesting spring and summer market, to say the least. Borrowing costs are fluctuating around the highest levels we’ve seen in over ten years, yet Metro Vancouver’s housing market bucked many pundits’ predictions of a major slowdown, instead posting relatively strong sales numbers and year-to-date price gains north of eight per cent, regardless of home type.”

Andrew Lis, REBGV director of economics and data analytics

Read the full report on the REBGV website!

 


 

The following data is a comparison between August 2023 and August 2022 numbers, and is current as of September 2023. For last month’s update, you can check out our previous post!

Or follow this link for all our REBGV Infographics!

These infographics cover current trends in several areas within the Greater Vancouver region. Click on the images for a larger view!

 

Printable Version – REBGV August 2023 Data Infographic Report North Vancouver

Printable Version – REBGV August 2023 Data Infographics Report West Vancouver

Printable Version – REBGV August 2023 Data Infographics Report Vancouver West

Printable Version – REBGV August 2023 Data Infographics Report Vancouver East

Printable Version – REBGV August 2023 Data Infographic Report Maple Ridge

Printable Version – REBGV August 2023 Data Infographics Report Pitt Meadows

Printable Version – REBGV August 2023 Data Infographics Report Coquitlam

Printable Version – REBGV August 2023 Data Infographics Report Port Coquitlam

Printable Version – REBGV August 2023 Data Infographic Report Burnaby North

Printable Version – REBGV August 2023 Data Infographics Report Burnaby South

Printable Version – REBGV August 2023 Data Infographics Report Burnaby East

Printable Version – REBGV August 2023 Data Infographics Report New Westminster

Printable Version – REBGV August 2023 Data Infographics Report Richmond

 

 

 


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INFOGRAPHICS: July 2023 REBGV Greater Vancouver Market Reports
English Bay in Vancouver

Strong sales push Metro Vancouver home prices past July rate hike

Home prices across all home types in Metro Vancouver1 rose again in July, as strong sales figures continue to push up against low levels of housing inventory in the region.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales2 in the region totalled 2,455 in July 2023, a 28.9 per cent increase from the 1,904 sales recorded in July 2022. This was 15.6 per cent below the 10-year seasonal average (2,909).

“While sales remain about 15 per cent below the ten-year average, they are also up about 30 per cent year-over-year, which is not insignificant. Looking under the hood of these figures, it’s easy to see why sales are posting such a large year-over-year percentage increase. Last July marked the point when the Bank of Canada announced their ‘super-sized’ increase to the policy rate of one full per cent, catching buyers and sellers off guard, and putting a chill on market activity at that time.”

Andrew Lis, REBGV director of economics and data analytics

Read the full report on the REBGV website!

 


 

The following data is a comparison between July 2023 and July 2022 numbers, and is current as of August 2023. For last month’s update, you can check out our previous post!

Or follow this link for all our REBGV Infographics!

These infographics cover current trends in several areas within the Greater Vancouver region. Click on the images for a larger view!

 

Printable Version – REBGV July 2023 Data Infographic Report North Vancouver

Printable Version – REBGV July 2023 Data Infographics Report West Vancouver

Printable Version – REBGV July 2023 Data Infographics Report Vancouver West

Printable Version – REBGV July 2023 Data Infographics Report Vancouver East

Printable Version – REBGV July 2023 Data Infographic Report Maple Ridge

Printable Version – REBGV July 2023 Data Infographics Report Pitt Meadows

Printable Version – REBGV July 2023 Data Infographics Report Coquitlam

Printable Version – REBGV July 2023 Data Infographics Report Port Coquitlam

Printable Version – REBGV July 2023 Data Infographic Report Burnaby North

Printable Version – REBGV July 2023 Data Infographics Report Burnaby South

Printable Version – REBGV July 2023 Data Infographics Report Burnaby East

Printable Version – REBGV July 2023 Data Infographics Report New Westminster

Printable Version – REBGV July 2023 Data Infographics Report Richmond

 

 

 


Custom real estate infographics published by myRealPage.com

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INFOGRAPHICS: June 2023 REBGV Greater Vancouver Market Reports
English Bay in Vancouver

Home prices continue to rise in housing market to kick off summer

Continuing the trend that has emerged in the housing market this year, the benchmark price for all home types in Metro Vancouver1 increased in June as home buyer demand butted up against a limited inventory of homes for sale in the region.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales2 in the region totalled 2,988 in June 2023, a 21.1 per cent increase from the 2,467 sales recorded in June 2022. This was 8.6 per cent below the 10-year seasonal average (3,269).

“The market continues to outperform expectations across all segments, but the apartment segment showed the most relative strength in June. The benchmark price of apartment homes is almost cresting the peak reached in 2022, while sales of apartments are now above the region’s ten-year seasonal average. This uniquely positions the apartment segment relative to the attached and detached segments where sales remained below the ten-year seasonal averages.”
Andrew Lis, REBGV director of economics and data analytics

Read the full report on the REBGV website!

 


 

The following data is a comparison between June 2023 and June 2022 numbers, and is current as of July 2023. For last month’s update, you can check out our previous post!

Or follow this link for all our REBGV Infographics!

These infographics cover current trends in several areas within the Greater Vancouver region. Click on the images for a larger view!

 

Printable Version – REBGV June 2023 Data Infographic Report North Vancouver

Printable Version – REBGV June 2023 Data Infographics Report West Vancouver

Printable Version – REBGV June 2023 Data Infographics Report Vancouver West

Printable Version – REBGV June 2023 Data Infographics Report Vancouver East

Printable Version – REBGV June 2023 Data Infographic Report Maple Ridge

Printable Version – REBGV June 2023 Data Infographics Report Pitt Meadows

Printable Version – REBGV June 2023 Data Infographics Report Coquitlam

Printable Version – REBGV June 2023 Data Infographics Report Port Coquitlam

Printable Version – REBGV June 2023 Data Infographic Report Burnaby North

Printable Version – REBGV June 2023 Data Infographics Report Burnaby South

Printable Version – REBGV June 2023 Data Infographics Report Burnaby East

Printable Version – REBGV June 2023 Data Infographics Report New Westminster

Printable Version – REBGV June 2023 Data Infographics Report Richmond

 

 

 


Custom real estate infographics published by myRealPage.com

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INFOGRAPHICS: May 2023 REBGV Greater Vancouver Market Reports
English Bay in Vancouver

Competition heats up among buyers as summer arrives

While the year started slower than usual, Metro Vancouver’s1 housing market is showing signs of heating up as summer arrives, with prices increasing for the sixth consecutive month.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,4112 in May 2023, which is a 15.7 per cent increase from the 2,947 sales recorded in May 2022, and a 1.4 per cent decline from the 10-year seasonal average (3,458).

“Back in January, few people would have predicted prices to be up as much as they are – ourselves included. Our forecast projected prices to be up modestly in 2023 by about two per cent at year-end. Instead, Metro Vancouver home prices are already up about six per cent or more across all home types at the midway point of the year.”
Andrew Lis, REBGV director of economics and data analytics

Read the full report on the REBGV website!

 


 

The following data is a comparison between May 2023 and May 2022 numbers, and is current as of April 2023. For last month’s update, you can check out our previous post!

Or follow this link for all our REBGV Infographics!

These infographics cover current trends in several areas within the Greater Vancouver region. Click on the images for a larger view!

 

Printable Version – REBGV May 2023 Data Infographic Report North Vancouver

Printable Version – REBGV May 2023 Data Infographics Report West Vancouver

Printable Version – REBGV May 2023 Data Infographics Report Vancouver West

Printable Version – REBGV May 2023 Data Infographics Report Vancouver East

Printable Version – REBGV May 2023 Data Infographic Report Maple Ridge

Printable Version – REBGV May 2023 Data Infographics Report Pitt Meadows

Printable Version – REBGV May 2023 Data Infographics Report Coquitlam

Printable Version – REBGV May 2023 Data Infographics Report Port Coquitlam

Printable Version – REBGV May 2023 Data Infographic Report Burnaby North

Printable Version – REBGV May 2023 Data Infographics Report Burnaby South

Printable Version – REBGV May 2023 Data Infographics Report Burnaby East

Printable Version – REBGV May 2023 Data Infographics Report New Westminster

 

 

 


Custom real estate infographics published by myRealPage.com

Read Full Article...
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.