Metro Vancouver’s housing market saw more moderate sales listing and pricing trends in July compared to the heightened activity experienced throughout much of the pandemic.
Moderation was the name of the game in July. Home sales and listings fell in line with typical seasonal patterns as summer got going. On top of moderating market activity, price growth has leveled off in most areas and home types.
Low housing supply remains a fundamental factor in Metro Vancouver’s housing market. Going forward, the supply of homes for sale will be an important factor to watch. Other factors to consider include the opening up of the borders and increasing immigration which will impact the real estate market.
If you are looking to buy, sell or have questions about real estate, please give me a call.
Victor Song PREC*
Royal LePage Sterling Realty
604-779-8408
info@victorsong.com
www.victorsong.com
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), 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 GVR, 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 GVR, the FVREB or the CADREB.