Monthly Market Report – August 2022

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

Monthly Rental Market Report July 2022

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

Monthly Rental Market Report June 2022

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