Metro Vancouver’s rental averages vary greatly across the region, so we’ve broken up our data by municipality/city to compare the cost of one-, two-, and three-bedroom rates for both furnished and unfurnished units in different areas.
Metro Vancouver’s housing market is experiencing a quieter summer season marked by reduced sale and listing activity. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,870 in August 2022, a 40.7 per cent decrease from the 3,152 sales recorded in August 2021, and a 0.9 per cent … Read more
Following a slight dip in July, Metro Vancouver’s rent prices are heating up again with a huge $147 increase in average rent since last month. Soaring all the way from $2,029 in July to a sky-high $2,176 this August, Vancouver’s rental market looks to continue its ascent as both landlords and renters adjust to increased … Read more
Investing in real estate has proven to be a great way to earn passive income. You can earn monthly profits from renting your property. Or, you could earn a massive profit when you sell the home a few years after watching the value of the home increase significantly. Or, you could do both. However, real … Read more
Metro Vancouver’s housing market has entered a new cycle marked by quieter home buyer demand and a gradual rise in the supply of homes for sale. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,887 in July 2022, a 43.3 per cent decrease from the 3,326 … Read more
July brings a welcome cool-off period for Metro Vancouver’s rent prices, with a slight drop from $2,056 in June to a new average of $2029. This $27 decrease comes after months of steady increases, signaling that the region’s rental prices may have peaked — or at least temporarily settled in at these new highs. Vancouver … Read more
With interest rates and housing supply increasing, Metro Vancouver* home buyers are operating in a changing marketplace to begin the summer season. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,444 in June 2022, a 35 per cent decrease from the 3,762 sales recorded in June … Read more
June once again sees a significant increase in Metro Vancouver’s average rent prices heading into the summer months. This month, the average rent for an unfurnished, one-bedroom unit across the region has climbed a further $40 to reach another new all-time high of $2,056. Vancouver itself experienced larger than usual changes this month, although prices were comparatively … Read more
With summer in the air, it’s time to take that final step of putting a sign on the lawn (or getting that post on the cyber web)- at least if one of your to-dos is to know the most profitable days to sell your home and get to the big move, while the weather is … Read more
After reaching record-setting levels in 2021, home sale activity has returned to more typical seasonal levels in Metro Vancouver* this spring due, in large part, to rising interest rates. Lets see the Monthly Market Report of May 2022 The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled … Read more
May is looking to be a huge month for Metro Vancouver’s average rental prices, as prices have reached sky-high levels as we head into the peak rental season. This month, the average rent for an unfurnished, one-bedroom unit across the region has risen as much as $108 to reach an all-time-high average of $2,016 per … Read more
Despite the high rent costs for residents of Toronto and Vancouver, the ownership costs of real estate investors have only increased in recent years, causing them to still lose money. According to the owner of Butler Mortgage, Ron Butler, “it’s all about leverage” referring to rising interest rates and the slowing down of the increasing … Read more