In January 2024, the real estate market in Metro Vancouver showed signs of favouring sellers again after a balanced end to 2023. The pace of new property listings couldn’t match the high volume of home sales. According to the Real Estate Board of Greater Vancouver (REBGV), there were 1,427 residential sales in January 2024, marking … Read more
After three consecutive decreases, Metro Vancouver has seen an increase in average rent prices this January. The latest data reveals a noteworthy uptick, with the average monthly rent price for an unfurnished, one-bedroom unit climbing by $26 to reach a new average of $2,367. This marks a significant shift since January 2023, reflecting an overall … Read more
This December saw a total of 1,345 residential sales, a 3.2 percent increase from the 1,303 sales recorded in December 2022. Across all detached, attached and apartment property types, the sales-to-active listings ratio for December 2023 is 16 percent. “You could miss it by just looking at the year-end totals, but 2023 was a strong … Read more
Rental units in Metro Vancouver have seen a decrease in average rental prices again, making this the third consecutive month of pricing decrease. Despite this, the average price for an unfurnished bedroom home in December 2023 is still $114 more expensive than that of December 2022.
Airbnb has revolutionised the way we travel and find accommodation. With over 7 million listings worldwide, the platform has become a popular choice for traveler’s looking for unique and affordable places to stay. This popularity has also created a new opportunity for property owners to generate extra income by renting out their homes, apartments or … Read more
The world is changing, and so are the ways we make money. In recent years, the rise of digital real estate has been a hot topic of discussion. But what exactly is digital real estate, and is it a legitimate way to make money? Digital real estate refers to the creation and ownership of websites, … Read more
With just one month remaining in 2023, the housing inventory in Metro Vancouver is experiencing a steady rise. This increase presents home buyers with an extensive selection, the largest since 2021. According to the Real Estate Board of Greater Vancouver (REBGV), residential sales in the region reached a total of 1,702 in November 2023. This … Read more
The average rent prices in Metro Vancouver have experienced a notable downward trend for the past two consecutive months. In November, the average monthly rent price for an unfurnished one-bedroom unit witnessed a significant decrease of $44, resulting in a new average of $2,362. It is interesting to note that when comparing this year’s average … Read more
The latest report from the Real Estate Board of Greater Vancouver (REBGV) reveals a surge in newly listed properties, providing more choices for homebuyers in Metro Vancouver. October 2023 witnessed a notable rise in newly listed properties, offering a more diverse range for those in the market. Although residential sales experienced a modest uptick, they … Read more
October’s data highlights a shift in pricing dynamics for one-bedroom units, with furnished accommodations experiencing a notable upswing in average prices, as opposed to a decline in the cost of unfurnished units. Notably, unfurnished one-bedroom units are now, on average, $220 more budget-friendly than their furnished counterparts as of October. Landlords who furnish their units … Read more
The price gains witnessed on a month-over-month basis earlier this year subsided in September within the Metro Vancouver housing market. This was primarily attributed to a seasonal decline in sales and a slight uptick in inventory levels across the region. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region … Read more
For September 2023, Metro Vancouver’s average rent prices have increased once again, marking six consecutive month-to-month increases beginning in the spring of this year. This month, the average monthly rent price for an unfurnished, one-bedroom unit rose by a further $32, to a new average of $2,438.The region’s average monthly rent price has now increased … Read more