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LATEST REPORTS. How AI is changing the real estate game. Metro Vancouver real estate heating up again. Fraser Valley home sales hit 10-year low. No regrets for pandemic homebuyers. Senakw...
- Average and Benchmark Home Prices
- Vancouver Home Sales
- Comparison Between Vancouver and Toronto Housing Markets
- Long Term Trend
- Macroeconomics Analysis
The average home price in Greater Vancouver was $1,318,687 for March 2024. This price represents an annual increase of 4.1% and a monthly increase of 3.3%. In March 2024, the average sale price of detached houses, attached houses and apartments in Greater Vancouver was $2,207,689, $1,281,491 and $822,783, representing a 2.2%, 1.3% and -0.5% change ...
In March 2024, 2,415 Vancouver houses were sold. These sales include 694 detached homes, 1,207 apartments and 495 attached homes. Looking at Metro Vancouver's housing market, there were 10,552 active listings at the end of March 2024, up 23% compared to last year and 9.5% relative to last month. The number of active listings is above the long-term ...
Metro Vancouver and the Greater Toronto Area are the most expensive Canadian housing markets. Vancouver has been a pricy housing market for many years, and its current benchmark price has increased by 31% over the past five years, compared with the CPI inflationof 18% over the past five years. Toronto’s competition with Vancouver regarding home una...
Over the past 19 years, the 239% growth in Vancouver home prices has been much faster than either the inflation rate of 50% or wage growth. In other words, building houses (producing shelter) has been more difficult than making most other economic goods and services. Many claim that land is a limited resource, and thus, house building faces a natur...
Over the past three years, interest rate expectations have been the main driver of the Canadian housing market. During 2022 and 2023, the Bank of Canada raised interest rates to subdue CPI inflation. Between March 2022 and March 2023, higher Canadian interest rates pushed up mortgage rates and reduced borrowing power, reducing bids from investors a...
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Sep 5, 2023 · British Columbia. Vancouver area on track to see home prices stabilize amid higher borrowing costs: real estate board. Composite benchmark price for area hit $1,208,400, a 2.5% increase from...
Apr 4, 2023 · British Columbia. Vancouver-area home sales looking strong this spring: real estate board. Sales and prices still down from this time last year, but REBGV predicts upward price trend will...
Jan 3, 2024 · British Columbia. Vancouver region closes out 2023 with higher home sales, average price of $1.17M. The composite benchmark home price in December for Metro Vancouver was $1,168,700. Sammy...
Jun 2, 2023 · British Columbia. Vancouver-area home sales rebounded in May, real estate board says. Sales increased nearly 16 per cent compared to May 2022, prices up as well. Chad Pawson · CBC News ·...
Vancouver real estate, architecture and urban planning news - urbanYVR. Canada’s construction economists are calling for urgent reforms to address the housing affordability crisis. Fraser Mills Presentation Centre in South Coquitlam Under Construction. Hines appointed Michael Masotti as senior director of leasing, Canada.
