According to the latest report, the average rent prices in Metro Vancouver have increased in February. The average rent price for an unfurnished one-bedroom apartment has risen by $12, making the new average rent $2,379. This marks an increase of $128 compared to the average rate in February 2023.
In January, home sellers in Metro Vancouver were not very active. However, in February, new listings increased by 31 percent when compared to the same period last year. This resulted in a significant number of newly listed properties being available in the market. According to Greater Vancouver REALTORS® (GVR) report, there were 2,070 residential sales … Read more
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
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.
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
As the summer comes to an end, the Metro Vancouver housing market is experiencing the impact of increased borrowing costs. Price gains are starting to cool down and sales are slowing down, following the seasonal pattern in a predictable manner. “It’s been an interesting spring and summer market, to say the least. Borrowing costs are … Read more