"With current strong sales and low inventory, it will take quite some time for BC to get back to a healthy balance market." - BC Real Estate Association (BCREA)
Listings inch up, demand remains steady and price gains continue in the Metro Vancouver Housing Market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,424 in February 2022, an 8.1% decrease from the 3,727 sales recorded in February of last year. But a 49.8% increase from the 2,285 homes sold in January 2022, says that the Market is just warming up.
FEBRUARY 2022 Metro Vancouver Realty Report