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

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 55.3 percent decrease from the 2,285 sales recorded in January 2022, and a 21.1 percent decrease … Read more

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, the average rent for an unfurnished, one-bedroom apartment has increased by $430. This is an unprecedented … Read more