Market Update November 30, 2025 · 3 min read GVR Market Update For October 2025 – Is Vancouver’s Housing “Slowdown” The New Normal? The October 2025 market report released by the Greater Vancouver Realtors (GVR) once again revealed that sales remained sluggish and inventory remained at higher-than-normal levels, maintaining favorable conditions for buyers. The key metrics aren’t really going down that quickly – they are just sort of stuck at the same levels. In his monthly commentary, […]
Market Update November 20, 2025 · 3 min read Vancouver Property Market Looking Ahead – Is It Time To Buy? Housing prices in Vancouver are continuing to decline, albeit slowly, and the property market is becoming very favorable to those looking to buy a property this fall. While the market’s biggest challenge is economic uncertainty, buyers are coming across some bargain deals and fire-sale opportunities. In its 2025 Fall Housing Market Update Market, Re/Max noted […]
Founder's Message August 6, 2025 · 4 min read AUGUST 2025 FOUNDER’S MESSAGE The glorious, late days of summer are still here on the West Coast. While we enjoy warm weather adventures and sunny patios, Metro Vancouver’s real estate market is heating up as sales continue to rise. There were 5,642 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service (MLS) in Metro […]
Market Update May 27, 2025 · 3 min read REGBV Market Update for April 2025 – Spring Market Suggests A Potential Shift Towards A Buyer’s Market As Inventory Increases As Prices Ease As spring arrived in Vancouver, the slowdown in home sales from the winter continued into April with a 24% year-over-year decrease in sales listed on the Multiple Listing Service (MLS) in Metro Vancouver. “From a historical perspective, the slower sales we’re now seeing stand out as unusual, particularly against a backdrop of significantly improved borrowing […]
Market Update May 5, 2025 · 3 min read How to Prevent the Dangers in Your Laundry Room Your laundry room is full of heavy-duty appliances and a plethora of cleaning products, which can make it a real danger zone in your home. In the US alone, over 10,000 house fires are started in the laundry room. The fire hazard is not the only one present – recently, colorful detergent packs have been […]
Market Update May 1, 2025 · 2 min read REGBV Market Update for March 2025 – A Market Made for Buyers is Missing Buyers As February saw the housing market return to balanced conditions, the March 2025 market report from the Greater Vancouver Realtors (GVR) highlighted the lowest number of sales in the month of March since 2019, in a market primed for buyers. “If we can set aside the political and economic uncertainty tied to the new U.S. […]
Market Update April 20, 2025 · 2 min read REGBV Market Update for February 2025 – Bringing Balance to Metro Vancouver’s Housing Market After an active start to 2025 fueled by strong seller enthusiasm in January, the February 2025 market report from the Greater Vancouver Realtors (GVR) highlights a return to more balanced conditions following a surge of new listings to start the year. “After the rush of new listings in January, home sales and new listings in […]
Market Update April 8, 2025 · 3 min read Bank of Canada Rate Cut: What This Means for the Real Estate Market On March 12, 2025, The Bank of Canada (BoC) lowered its overnight lending rate by 25 basis points to 2.75%, marking it’s seventh consecutive rate cut since May 31st 2024, and a full 225 basis points lower since that time. Context In the midst of escalating trade tensions between Canada and the United States, surrounding […]
Market Update March 10, 2025 · 3 min read REGBV Market Update For January 2025 – Home Sellers off to an Active Start in 2025 The January 2025 market report released by the Greater Vancouver Realtors (GVR) reflected strong seller enthusiasm, with home sellers eager to list their properties as 2025 began. With the market currently standing in balanced conditions, the threats of economic shocks via tariffs from the US raised uncertainty of market conditions in 2025. “Going forward, whether […]
Market Update March 4, 2025 · 4 min read MARCH 2025 FOUNDER’S MESSAGE We officially welcome the first day of spring this month. As the weather warms up, Metro Vancouver’s real estate market is balanced and borrowing rates are declining. Interest rates have returned back to what they were in 2022, offering excellent opportunities for those looking to buy or invest. Real estate experts say now is an […]
Market Update February 4, 2025 · 5 min read February 2025 Founder’s Message Spring into the Market with Confidence As we head into the spring real estate market, home sales in Metro Vancouver and British Columbia are on the rise. There are also many excellent listings to choose from this month. Metro Vancouver’s market is currently balanced but is shifting towards a seller’s market. Homes newly listed on the Multiple Listing Service (MLS) in […]
Market Update January 29, 2025 · 2 min read REGBV Market Update For December 2024 – Strengthening Demand Side Momentum Closes Out 2024 The December 2024 Multiple Listing Service (MLS) market report released by the Greater Vancouver Realtors (GVR) indicated a strong finish to 2024, with an over 30% year-over-year increase in home sales in December. With 2024 now drawn to a close, Andrew Lis, GVR director of Economics and Data Analytics had the following reflection on this […]
Business Venture December 30, 2024 · 4 min read Launching a Home-Based Business When Relocating: Strategies for Success Starting a home-based business while relocating presents a unique set of challenges and opportunities. This dual transition requires careful planning and a strategic approach to ensure both your move and business launch are successful. This article explores practical strategies to help you navigate this complex process with confidence. Harmonizing Your Move and Business Launch Balancing […]
Market Update December 29, 2024 · 3 min read REBGV Market Update for November 2024 – Home Buyer Demand Continues To Strengthen The latest Greater Vancouver Realtors (GVR) report on the November 2024 real estate market, showed a 28% increase in sales from November 2023. Even with the increase in annual growth, the volume was still 12.8% below the seasonal average. In his monthly comments, Andrew Lis, GVR director of economics and data analytics said “When we […]
Market Update November 22, 2024 · 3 min read REBGV Market Update For October 2024 – Buyers Are Returning To The Market With More Confidence The October 2024 market report released by the Greater Vancouver Realtors (GVR) marked the fifth month in a row of declining house prices, however Metro Vancouver home sales surged more than 30% year-over-year in October. “Typically, reductions to mortgage rates boost demand, and the strong October sales numbers suggest buyers may finally be responding to […]
Founder's Message November 5, 2024 · 4 min read NOVEMBER 2024 FOUNDER’S MESSAGE With the holiday season just around the corner, home sales are surging across Metro Vancouver. There was a 31.9 per cent increase last month from the same time last year. Buyers are responding to the lower borrowing costs, resulting in renewed strength in demand. On October 23, the Bank of Canada cut its rate by […]
Market Update October 22, 2024 · 2 min read REBGV Market Update For September 2024 – Home Sales Still Lagging, While Inventory Grows Higher The September 2024 stats released by the Greater Vancouver Realtors (GVR) confirmed a continuation of the August trend – declining sales and growing inventory – suggesting that the Bank of Canada recent rate reductions have had a limited impact across Metro Vancouver, so far. “Real estate watchers have been monitoring the data for signs of […]
Market Update September 20, 2024 · 2 min read REBGV Market Update For August 2024 – Home Sales Have Failed To Pick Up The August 2024 stats released by the Greater Vancouver Realtors (GVR) revealed that home sales remained below their 10-year seasonal average despite the two quarter point interest cuts by the Bank of Canada. “From a seasonal perspective, August is typically a slower month for sales than in June or July. In this respect, August has […]
Market Update July 15, 2024 · 3 min read GVR Market Update For June 2024 – A Significant Downturn Appears To Be Building The June 2024 market report released by the Greater Vancouver Realtors (GVR) reported that the market is shifting in buyers’ favor as June sales were slow, and we just saw the second consecutive month of sales lowering month over month. It seems that the rate cut that many thought would bring buyers, has actually brought […]
Market Update July 15, 2024 · 2 min read Is Buying A Home A Good Investment? For those wanting a steady return on their money, houses can be a sure bet. When the baby boomers started madly buying houses in the 1980s, suddenly real estate seemed like the path to instant wealth. The real estate markets fluctuate constantly. There have been times when house prices have gone down. However if you […]
Home Buying June 24, 2024 · 3 min read How Does The Bank Of Canada Rate Cut Affect The Housing Market? It finally happened. The first interest rate cut of 25 basis points from the Bank of Canada took place on June 5th. Somewhat welcome news to those homeowners with variable rate mortgages, but not enough for prospective homebuyers who have been sidelined by higher borrowing costs. Theoretically, interest rate cuts over the long run usually […]
Market Update June 24, 2024 · 3 min read REBGV Market Update For May 2024 – Home Sales Down At Least 20% And Inventory Continues To Climb REBGV Market Update For May 2024 – Home Sales Down At Least 20% And Inventory Continues To Climb While home sales were lower than what is typical at this time of the year, inventory continues to accumulate. This was made apparent in the May 2024 report released by the Greater Vancouver Realtors (GVR), formerly known […]
Market Update April 25, 2024 · 3 min read GVR Market Update For April 2024 – Highest Inventory Levels Since 2020 The April 2024 market report released by the Greater Vancouver Realtors (GVR) reflected the underlying trend of the current real estate market where listed homes have breached the 12,000 mark, which is the most inventory seen over the past 2 years. The overall market balance, however, continues inching deeper into a seller’s market territory. This […]
Market Update April 16, 2024 · 3 min read GVR Market Report For March 2024 – Home Sales Down As Prices Rise This month, the Greater Vancouver Realtors (GVR) released its housing report for March 2024. Notable was the fact that homes sales were lower than from the previous year and that increased seller activity was giving buyers more choice to choose from.In his monthly comment, Andrew Lis, GVR director of economics and data analytics said,” If […]
Market Update March 8, 2024 · 2 min read REBGV Market Update February 2024 – Rise In New Listed Properties In The Market The Greater Vancouver Realtors (GVR) report released for February 2024 marked a surge in Vancouver real estate listings taking pressure of a tightening market.Andrew Lis, GVR director of economics and data analytics said “While the price of home sales started the year off briskly, the pace of newly listed properties in January was slower by […]
Market Update February 20, 2024 · 3 min read Housing Challenges Being Faced By Local Municipalities In September, mayors and councillors held their Union Of BC Municipalities (UCBM) Annual General Meeting in Vancouver. As with other years, a major topic for discussion was housing challenges and how they are playing out in different parts of the province. It is not just big cities like Vancouver and Victoria that are affected, all […]
Market Update February 12, 2024 · 2 min read REBGV Market Report For January 2024 – Year Started Strongly With Higher Sales The Real Estate Board of Greater Vancouver (REBGV) report for January 2024 was released early this month and notable was the fact that newly listed properties did not keep up with the volume of home sales. “It’s hard to believe that January sales figures came in so strong after such a quiet December, which saw many […]
Market Update February 5, 2024 · 3 min read What’s Instore For The 2024 Property Rental Market? Affordable housing has no longer become affordable as house prices are out of reach for those who want to own a home and rents have continued to escalate over the past twelve months. Looking forward, it seems that pricing and supply issues will keep straining the rental market. Between 2014 and 2019 rents went up by […]
Market Update January 23, 2024 · 3 min read REBGV Market Update For December – The Year Closed Out With Balanced Conditions The December 2023 Real Estate Board of Greater Vancouver (REBGV) market report showed that despite the highest borrowing costs seen in over a decade, December home sales rose compared with a year earlier, and the region closed with balanced market conditions. In his monthly comment, Andrew Lis, REBGV director of economics and data analytics […]
Market Update January 23, 2024 · 2 min read More Small-Scale Housing Units To Be Built Across The Province To Help Alleviate The Housing Shortage The NDP government is tabling new legislation this fall to tackle the housing affordability and shortage crisis, that the province is currently facing. The legislation will focus on updating the “outdated zoning rules” in a move to deliver more small-scale housing units across the province. “Anyone looking for a place to live in a community […]
Market Update January 2, 2024 · 3 min read Why A Comparative Market Analysis Is Different Than The Assessed Value Of A Home For most homeowners, a home’s value represents a huge chunk of their overall financial picture – their net worth, if you will. So it is important to know what the value of the homes is worth. But this is not that straightforward as a home is valued in different ways, the most common being market […]
Market Update December 13, 2023 · 3 min read REBGV Market Update for November 2023 REBGV Market Update for November 2023 – Buyers Have A Larger Inventory To Choose From In the latest Real Estate Board of Greater Vancouver (REGBV) report on the November 2023 real estate market, buyers had the largest housing inventory to choose from since 2021. In his monthly commentary, Andrew Lis, the Director of economics […]
