Insights

November 2023: Signs of Life

Signs of Life Download Nov Sales and Listings Statistics All Regional Download Nov Sales and Listings Statistics Houses Townhouses Condos Highlights of the November 2023 report New Westminster’s average price is the lowest in the region Interest rates are coming down… soon. 2023 will have the lowest annual number of new listings since 2002 West…
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October 2023: Median prices reveal where deals are emerging

Median prices reveal where deals are emerging Download Oct Sales and Listings Statistics All Regional Download Oct Sales and Listings Statistics Houses Townhouses Condos Highlights of the October 2023 Report Economists now predict interest rates will fall by 2.5% Median home prices are down this year in virtually every Metro market Priciest detached markets lead…
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September 2023: The waiting game continues but some sellers are becoming impatient

The waiting game continues but some sellers are becoming impatient Download Sep Sales and Listings Statistics All Regional Download Sep Sales and Listings Statistics Houses Townhouses Condos The waiting game in the Metro Vancouver housing market continues but more sellers are joining in and some are becoming impatient. One month a trend does not make.…
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August 2023: Confidence hinges on interest rates

Confidence hinges on interest rates Download Aug Sales and Listings Statistics All Regional Download Aug Sales and Listings Statistics Houses Townhouses Condos Highlights of the Report August 2023 • Bank of Canada holds prime rate at 5% but keeps door open to further hikes • Median price of a West Side detached house up $1 million in…
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July 2023: The Missing Middle Mess Amid Continued Low Supply

The Missing Middle Mess Amid Continued Low Supply Download July Sales and Listings Statistics All Regional Download July Sales and Listings Statistics Houses Townhouses Condos Highlights of the July Report 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…
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June 2023: Next half of 2023 may lack thrills of first six months

Next half of 2023 may lack thrills of first six months Download June Sales and Listings Statistics All Regional Download June Sales and Listings Statistics Houses Townhouses Condos Highlights of the Dexter Mid-Year 2023 Report • Overall housing sales were 194% higher in June compared to January • Composite home benchmark price is up 8%…
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May 2023: More competitive market emerging for sellers

More competitive market emerging for sellers Download May Sales and Listings Statistics All Regional Download May Sales and Listings Statistics Houses Townhouses Condos Highlights of the May 2023 Dexter Housing Report • 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…
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April 2023: Consider April a wake-up call

Consider April a wake-up call Download April Sales and Listings Statistics Houses Townhouses Condos Download April Sales and Listings Statistics All Regional Highlights of the April Market Report 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…
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March 2023: March confirms momentum in Metro Vancouver housing market

March confirms momentum in Metro Vancouver housing market. Download March Sales and Listings Statistics Houses Townhouses Condos Download March Sales and Listings Statistics All Regional Highlights of the March 2023 Report:  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…
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February 2023: Moving on from a once-in-a-century past

Moving on from a once-in-a-century past Download February Sales and Listings Statistics Houses Townhouses Condos Download February Sales and Listings Statistics All Regional Highlights of Dexter Realty’s February 2023 Report  • 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%. •…
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January 2023: 2023 – the year to get in position for the recovery

2023: the year to get in position for the recovery Download January Sales and Listings Statistics Houses Townhouses Condos Download January Sales and Listings Statistics All Regional 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…
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December 2022: A year ends with a flourish and a new year begins with confidence

A year ends with a flourish and a new year begins with confidence. Download December Sales and Listings Statistics Houses Townhouses Condos Download December Sales and Listings Statistics All Regional We will all remember the 2022 housing market as one of the most volatile that Metro Vancouver has ever seen, rising to unprecedented highs early in…
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November 2022: It’s Deja-vu as November sales mirror 2018

It’s Deja-vu as November sales mirror 2018 Download November Sales and Listings Statistics Houses Townhouses Condos Download November Sales and Listings Statistics All Regional As Peter (Yogi) Berra famously said, “It’s Deja-vu all over again” but in this case it is in comparing Metro Vancouver’s housing market in November 2018 and what we are experiencing…
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October 2022: Positive signs emerge as buyers’ market strengthens

Positive signs emerge as buyers’ market strengthens Download October Sales and Listings Statistics Houses Townhouses Condos Download October Sales and Listings Statistics All Regional Highlights of the October Report Lowest benchmark home price: New Westminster at $809,800 Highest number of Greater Vancouver sales since June 2022 Benchmark home price is down 9.2% from six months…
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August 2022: New listings, housing starts flirt with record lows in August

New listings, housing starts flirt with record lows in August Download August Sales and Listings Statistics Houses Townhouses Condos Download August Sales and Listings Statistics All Regional The major takeaway from the Metro Vancouver housing market is that both the number of new listings and the numbers of new homes being built are flirting with…
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July 2022: Homebuyers, investors take advantage in this market

Homebuyers, investors take advantage in this market Download July Sales and Listings Statistics Houses Townhouses Condos Download July Sales and Listings Statistics All Regional There are two sectors of homebuyers in Metro Vancouver’s market: owner-occupiers buying for their own use and investors buying homes for rental income or appreciation, with the latter traditionally accounting for…
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June 2022: Buyer’s emerging with a market advantage

Buyer’s emerging with a market advantage Download June Sales and Listings Statistics Houses Townhouses Condos Download June Sales and Listings Statistics All Regional It is not the change that we have seen in Metro Vancouver’s residential market but the speed of that change that has caught so many off guard. After two years of near-record…
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May 2022 : Faith Trumps Fear in This Market Cycle

Faith Trumps Fear in This Market Cycle Download May Sales and Listings Statistics Houses Townhouses Condos Download May Sales and Listings Statistics All Regional We are not statistically into a buyer’s market in Metro Vancouver but, for all the right reasons, this is when smart buyers are becoming active. As of the end of May…
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April 2022: Welcome back to a balanced market. Don’t be afraid.

Welcome back to a balanced market. Don’t be afraid. Download April Sales and Listings Statistics Houses Townhouses Condos Download April Sales and Listings Statistics All Regional As we noted here last month, the residential super cycle is over in Metro Vancouver. April’s action confirmed that, after two years of blistering sales and price increases, we are…
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March 2022: This housing cycle is ending. What’s next?

This housing cycle is ending. What’s next? The sales super cycle that the Metro Vancouver housing market has been in for two years is ending. It is nearly over in Fraser Valley, where March sales were down 22.5% from a year earlier and average prices dropped nearly 6% from February 2022, and similarly in Greater…
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February 2022: February signals March will come in like a lion

February signals March will come in like a lion February, with the highest increase in listings in eight months and the fourth-highest home sales for the month in history, set the stage for what should be barnburner in March, traditionally one of the strongest months in the Metro Vancouver housing market. March of last year…
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Mid-February 2022: Wait, are those listings we see?

Wait, are those listings we see? For the first time in a while, there is a noticeable increase in the number of new listings coming on market compared to the previous month and the same period as last year. Word has caught on; it is time to list homes for sale and it appears that…
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December 2021: Brace for an interesting year in the housing market

Brace for an interesting year in the housing market As the Metro Vancouver housing market comes off a record sales year, we are entering what could be the most interesting 12 months this region has ever seen.  The term ‘interesting’ can be seen in relation to the age-old curse of “may you live in interesting…
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November 2021: Condos alone can’t meet buyer demand

Condos alone can’t meet buyer demand Sales of condominium apartments accounted for 53 per cent of all housing sales in Greater Vancouver in November 2021, with a 33.3% surge in transactions compared to November of 2020, but the record-setting sales pace may underline desperation in the market. In the Fraser Valley, November sales of condo…
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October 2021: Suburban safety valves close as prices rise in step

Suburban safety valves close as prices rise in step The shocking shortage of homes for sale across Metro Vancouver has had the unsettling effects of levelling residential prices and stunting supply from Burrard Inlet to well south of the Fraser River. The suburban safety valves for those seeking more affordable homes have nearly vanished. The…
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September 2021: Election over but the effects will linger in Metro Vancouver

Election over but the effects will linger in Metro Vancouver The federal election is over and those who think nothing has changed should prepare themselves for some of the most intrusive legislation ever into the private-sector housing market. It has never been more apparent that this much housing policy is a reaction to headlines and…
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August 2021: Summer sees home listing supply decline across Metro Vancouver

Townhouse sector exposes razor-thin housing supply We are in the heat of a hastily-called federal election and housing is the central platform of the major parties, all of which say they will make housing more affordable for the so-called ‘missing middle’, us common folk who may simply need to buy a townhouse. Yet the Lower…
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