Rental Statistics for September 2023

Here are the highlights of the September 2023 Metro Vancouver Rent Report released by rental listing site liv.rent: Coinciding with the busy back-to-school season and continued high demand for rental housing throughout B.C.’s Lower Mainland region, Metro Vancouver’s rent prices have seen another average increase this month. The Bank of Canada also announced on September …

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Market Highlights For July 2023

Home prices are virtually unchanged in the past year Total sales in Greater Vancouver are up nearly 30% from July 2022 Wily buyers take advantage of a summer sales slump There are now 16,400 properties for sale across Metro Vancouver Vancouver density plan invites higher taxes for owners On July 25 the City of Vancouver …

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Market Highlights For May 2023

May average home price $200,000 higher than in January May home sales-to-listing ratio a sizzling 59% Total sales the highest this year and higher than in May 2022 Surrey detached new listings were up 53% from April 2023 Overall higher listings may point to a price plateau this summer  After five months that defied most …

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Market Highlights For April 2023

We are now in a seller’s market across Greater Vancouver Multiple offers are being seen as buyers roar back Buyers must brace for higher new home prices in ‘24 Greater Vancouver sales are up 166% since the start of the year Fraser Valley detached house prices are up $60,000 since January As much of Canada …

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Rental Statistics for April 2023

Highlights of the April 2023 Metro Vancouver Rent Report released by rental listing site @liv.rent: Since April 2022, the average rent for an unfurnished, one-bedroom unit in Metro Vancouver has increased by $355, or +18.61%. Burnaby had the most expensive rent per square foot in Metro Vancouver this month, at an average cost of $3.88/sq. ft. …

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Market Highlights For March 2023

Benchmark prices are 22% higher than three years ago Greater Vancouver sales are up 146% from January 2023 Greater Vancouver Benchmark detached-house price rise $60,000+ this year  First-time homebuyer incentive starts April 1 Five-year fixed mortgages are now the lowest-rate option Fraser Valley home sales soared 72% in a month  March came in like a …

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Market Highlights For February 2023

Prices increased month-over-month for the first time since May 2022 Housing sales are up 77% from January; new listings are up just 5%. Multiple offers are being seen on Westside detached houses.  Top townhouse market: New Westminster.  Undersupplied North Vancouver is now a seller’s market. The last three years have been an anomaly for housing …

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Market Highlights For January 2023

2023: the year to get in position for the recovery January 2023 signalled early that it would end with what the Real Estate Board of Greater Vancouver says is “among the lowest sales month in recent history.” As of mid-month, total transactions had reached just 334 properties, well below the 795 in mid-December 2022 or …

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Rental Statistics for January 2023

Highlights of the January 2023 Metro Vancouver Rent Report released by rental listing site @liv.rent: Since January 2022, the average rent for an unfurnished, one-bedroom unit in Metro Vancouver has increased by $430.  For one-, two-, and three-bedroom unfurnished units, West Vancouver had the most expensive prices in the Metro Vancouver region this January. Furnished, …

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