Home sales remained slow in April — down nearly 24% year-over-year. This kind of slowdown is unusual, especially with borrowing conditions improving, which would normally spark more activity.
But this year has been anything but normal.
Watch for more details and stay tuned for more updates on the BC real estate market.
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👨💼 Victor Song PREC*
📍 Royal LePage Sterling Realty
📞 604-779-8408
📧 info@victorsong.com
🌐 www.victorsong.com
The ongoing tariff war is weighing on consumer confidence, and that uncertainty is impacting the real estate market.
But if we set aside the political and economic unknowns tied to the U.S. administration’s trade policies and the upcoming Canadian federal election, Metro Vancouver is currently offering some of the most buyer-friendly conditions we’ve seen in years.
Watch for more details and stay tuned for more updates on the BC real estate market.
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👨💼 Victor Song PREC*
📍 Royal LePage Sterling Realty
📞 604-779-8408
📧 info@victorsong.com
🌐 www.victorsong.com
After the rush of new listings in January, home sales and new listings in February were closer to historical averages, which has positioned the overall market in balanced conditions.
With the Bank of Canada's rate cut on March 12th, homebuyers will see improved borrowing conditions while benefiting from the largest selection of homes available since pre-covid times.
However, the ongoing tariff war may slow housing activity, while rising construction costs could delay projects and keep new home prices elevated. BC’s diverse trade portfolio may help mitigate the impact. A likely scenario is a temporary slowdown before a rebound driven by lower mortgage rates.
Stay tuned for more updates on the BC real estate market.
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👨💼 Victor Song PREC*
📍 Royal LePage Sterling Realty
📞 604-779-8408
📧 info@victorsong.com
🌐 www.victorsong.com
Metro Vancouver's housing market kicked off 2025 with a surge in new listings! January saw a 46% increase in newly listed homes compared to last year, as sellers entered the market early. With inventory above typical seasonal levels, will increased supply create more opportunities for buyers in the months ahead?
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👨💼 Victor Song PREC*
📍 Royal LePage Sterling Realty
📞 604-779-8408
📧 info@victorsong.com
🌐 www.victorsong.com
Metro Vancouver home sales surged 31% year-over-year in December, signaling strengthening demand as 2024 came to a close. With buyer activity rising and inventory levels increasing, is the market poised for further growth in 2025?
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👨💼 Victor Song PREC*
📍 Royal LePage Sterling Realty
📞 604-779-8408
📧 info@victorsong.com
🌐 www.victorsong.com
Metro Vancouver home sales climbed 28% year-over-year in November, continuing the momentum from October’s 30% increase. With buyer activity picking up and inventory levels shifting, could this signal a stronger rebound in the market heading into the new year?
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👨💼 Victor Song PREC*
📍 Royal LePage Sterling Realty
📞 604-779-8408
📧 info@victorsong.com
🌐 www.victorsong.com
Metro Vancouver home sales soared over 30% year-over-year in October, fueled by lower mortgage rates and renewed buyer confidence. With four rate cuts from the Bank of Canada, the market is improving. Could this signal the end of price moderation and the start of a more competitive market?
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👨💼 Victor Song PREC*
📍 Royal LePage Sterling Realty
📞 604-779-8408
📧 info@victorsong.com
🌐 www.victorsong.com
Buyers remain cautious to begin the fall market. Home sales totaled 1,852 that is a 3.8% decrease compared to September 2023 and 26% below the 10-year seasonal average. The benchmark price for all residential homes is currently $1.179M representing a 1.8% decrease from September 2023, and a 1.4% decrease compared to August 2024.
However, Market conditions are shifting this October—curious to learn more?
👨💼 Victor Song PREC*
📍 Royal LePage Sterling Realty
📞 604-779-8408
📧 info@victorsong.com
🌐 www.victorsong.com
Home sales in Metro Vancouver remained below their ten-year seasonal averages in August as summer holidays come to a close. Home sales totaled 1,904 that is a 17% decrease compared to August 2023 and 26% below the 10-year seasonal average.
The benchmark price for all residential homes is currently $1.196M representing a 0.9% decrease from August 2023, and a 0.1% decrease compared to July 2024.
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
Newly listed properties registered on the Multiple Listing Service® (MLS®) rose nearly 20% year over year in July, helping to sustain a healthy level of inventory in the Metro Vancouver housing market.
Home sales totaled 2,333 that is a 5% decrease compared to July 2023 and 18% below the 10-year seasonal average.
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
Metro Vancouver home sales remained below seasonal and historical averages in June. Inventory has continued to accumulate to levels last seen in the spring of 2019.
Home sales totaled 2,418 that is a 19% decrease compared to June 2023 and 24% below the 10-year seasonal average.
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 number of sales declined in May compared to what is typical for this time of year in Metro Vancouver. This shift has allowed the inventory of homes available for sale to continue to accumulate with over 13,000 homes now actively listed in Metro Vancouver.
Home sales totaled 2,733 that is a 20% decrease compared to May 2023 and 20% below the 10-year seasonal average.
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
Actively listed homes for sale on the MLS® in Metro Vancouver continued climbing in April, up 42 per cent year-over-year, breaching the 12,000 mark, a number not seen in the region since the summer of 2020.
The number of Metro Vancouver homes listed for sale on the MLS® rose nearly 23% year-over-year, providing more opportunity for buyers looking for a home this spring.
While Metro Vancouver home sellers appeared somewhat hesitant in January, new listings rose 31 percent year-over-year in February, bringing a significant number of newly listed properties to the market.
Home sales totaled 2,070 that is a 13.5% increase compared to February 2023 and 23% below the 10-year seasonal average.
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
A steady increase in housing inventory is offering home buyers across Metro Vancouver among the largest selection to choose from since 2021.
Home sales totaled 1,702 that is a 5% increase compared to November 2022 and 33% below the 10-year seasonal average.
The benchmark price for all residential homes is currently $1.1851M representing a 5% increase from November 2022, and a 1% decrease compared to October 2023.
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
An increase in newly listed properties is providing more choice to home buyers across Metro Vancouver, but sales remain below long-term averages.
Home sales totaled 1,996 that is a 4% increase compared to October 2022 and 30% below the 10-year seasonal average.
The benchmark price for all residential homes is currently $1.1965M representing a 4.4% increase from October 2022, and a 0.6% decrease compared to September 2023.
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 month-over-month price gains seen earlier this year abated in the Metro Vancouver housing market in September due to a seasonal decline in sales and a modest increase in inventory levels across the region.
Home sales totaled 1,926 that is a 13% increase compared to September 2022 and 26% below the 10-year seasonal average.
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
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