At the beginning of this year, the federal government introduced a cap on international student permits, aiming to relieve pressure on housing and other essential services. This policy appears to be making an impact. According to a recent report by…
VANCOUVER, BC – October 2, 2024 – Home sales in Metro Vancouver saw a slight year-over-year decline in September, with a 3.8% decrease, indicating that recent reductions in borrowing costs have yet to significantly stimulate demand. According to Greater Vancouver…
The real estate market in Metro Vancouver experienced a quieter-than-usual summer, with home sales on the MLS® system falling below the 10-year seasonal average in August. According to the Greater Vancouver REALTORS® (GVR), residential sales totaled 1,904 in August 2024,…
Vancouver is facing a significant slowdown in housing construction, according to new data that confirms the fears of many industry observers. Despite a strong demand for housing and a unified push from all levels of government to boost supply, factors…
Metro Vancouver’s housing market is experiencing a surge in newly listed properties, with inventory rising nearly 20% year-over-year in July. Despite this increase, the number of transactions has not kept pace, highlighting a disconnect between supply and demand. According…
Metro Vancouver has just experienced the largest quarterly presale inventory release since mid-2022, according to a recent report by real estate sales and marketing firm MLA Canada. The second quarter of 2024 saw a significant influx of new units hitting…
VANCOUVER, BC – July 3, 2024– Home sales in Metro Vancouver registered on the MLS® remained below seasonal and historical averages in June. Reduced competition among buyers has led to an accumulation of inventory levels not seen since the spring…
Home sales in Metro Vancouver have declined in May, deviating from the typical seasonal trend. This slowdown has contributed to a continued rise in the number of homes available for sale, with over 13,000 properties now listed on the…
Unlock the secrets of Metro Vancouver’s thriving real estate market with our exclusive insights! In April 2024, the Vancouver real estate scene witnessed an unprecedented surge in inventory, reaching record highs unseen since the summer of 2020. As the Greater…
In the bustling landscape of Vancouver’s real estate sector, a troubling trend is emerging. Despite the ongoing efforts of policymakers to spur development and alleviate the strain on the city’s housing market, a significant obstacle remains: a lack of…