Following the prevalent trend observed in the housing market this year, the benchmark price for all types of homes in Metro Vancouver witnessed an increase this June. The surge in homebuyer demand collided with a restricted inventory of homes available for sale in the region. The market continues to outperform expectations across all segments, but … Read more

Although not as dramatic as the previous month, rental rates in Metro Vancouver were still on the rise this June. The average monthly rent for an unfurnished, one-bedroom unit increased for the third consecutive month, adding another $12 to reach a regional average cost of $2,330. Since June 2022, the average rent for an unfurnished, … Read more

Although the year started slower than usual, the Real Estate Board of Vancouver has announced that the Metro Vancouver housing market is steadily picking up as we approach the summer months. This May, the region saw 3,411 residential home sales, a 15.6 percent increase from the 2,947 sales recorded in May of last year, and … Read more

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. West Vancouver boasted the highest average rental rates for furnished one-, two- … Read more

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 rate hikes eroded borrowing power and brought home sales activity down along with … Read more

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 price. Since April 2022, the average rent for an unfurnished, one-bedroom unit in Metro Vancouver … Read more

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 slightly over 2%. According to liv.rent, the average price for an unfurnished one-bedroom unit has fallen by $43 … Read more

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 is expected to continue this Spring. The MLS® Home Price Index composite … Read more

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 furnished units. On the other hand, Coquitlam had the least expensive one-bedroom furnished units … Read more

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 region to increase slightly compared to previous years. This trend towards reduced activity is far from … Read more