In September, the Metro Vancouver housing market experienced a slowdown in price gains compared to earlier in the year. This was due to a decrease in sales and a slight increase in the number of homes available for sale in the region.
The Real Estate Board of Greater Vancouver reported that residential home sales totaled 1,926, which was a 13.2% increase from the same month last year but still 26.3% below the 10-year average.
One reason for this slowdown is homeowners' reluctance to list their homes because of high mortgage rates. As a result, inventory levels remained low, causing prices to rise throughout the spring and summer months.
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.
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