Is it a good time to invest? How much should you rent your property for? How much should you sell your property for? We aim to help you answer all these questions and more with precise and in-depth monthly market reports to paint you an accurate image of the real estate market in British Columbia.
Our reports focus on several aspects of the British Columbian real estate market. These areas include average rental rates for furnished homes in top cities, real estate sale rates, and more.
These reports contain information gathered from highly credible sources and are fact-checked and approved by our in-house analysts.
Homebuyer demand in Metro Vancouver* returned to more historically typical levels in April. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 3,232 in April 2022, a 34.1 percent decrease from the 4,908 sales recorded in April 2021, and a 25.6 percent decrease from the 4,344 homes … Read more
Average rental prices across Metro Vancouver have spiked once again, up yet another $52 this month. For April, the region’s average cost for an unfurnished, one-bedroom unit tops $1,900, and is now at $1,908 for the month. This sets yet another high for the area’s average rental rates, going as far back as when our … Read more
Continuing their unrelenting upward trend, Metro Vancouver’s rental averages have climbed another $16 from February. In fact, the region has seen only one month out of the past six where prices declined in the aggregate, and that was a mere $4 drop from December to January. This month, Vancouver’s rent prices have risen even further … Read more
While down from last year’s record numbers, home sale activity in Metro Vancouver’s* housing market remained elevated in March. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 4,344 in March 2022, a 23.9 per cent decrease from the 5,708 sales recorded in March 2021, and a … Read more
Rental prices in Vancouver seemingly can’t be slowed, gaining an average of $13 this February after months of steadily climbing. Metro Vancouver’s average rent is now at $1,840, up from their already high January levels. This increase was largely led by cities like Langley and New Westminster, which both saw significant upward trends this month.
The Metro Vancouver* housing market saw steady home sales activity, modest increases in home listings, and continued upward trends in pricing in February. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 3,424 in February 2022, an 8.1 percent decrease from the 3,727 sales recorded in February … Read more
Rental prices across Metro Vancouver from December 2021 to January 2022 saw some huge increases in terms of average prices of furnished units. Aside from a few exceptions, rent for unfurnished units remains relatively unchanged in most communities after last month’s price action. Monthly Rental Market Report If you’d like a rental analysis for your … Read more
The first month of 2022 saw home sales come down from last year’s record-setting pace, while low supply continued to cause home prices to edge higher across Metro Vancouver*. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,285 in January 2022, a 4.4 per cent decrease … Read more
Metro Vancouver* home sales reached an all-time high in 2021 as housing needs remained a top priority for residents in the second year of the COVID-19 pandemic. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 43,999 in 2021, a 42.2 per cent increase from the 30,944 … Read more
Home sale activity in Metro Vancouver* remained above historical averages in October while the overall supply of homes for sale dipped to levels not seen in three years. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,494 in October 2021, a 5.2 per cent decrease from … Read more
Home sale activity remains elevated across Metro Vancouver’s* housing market while the pace of homes being listed for sale continues to follow long-term averages. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,149 in September 2021, a 13.6 per cent decrease from the 3,643 sales recorded in September 2020, and a 0.1 per cent decrease from the 3,152 homes sold in August 2021. Last … Read more
While home buyers have remained active in Metro Vancouver throughout the summer, the supply of homes for sale has declined steadily since June, let us outlined all the information of this Monthly market report. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,152 in August 2021, … Read more