THE CALM BEFORE THE STORM....
“March of 2021 was the highest selling month in our history. This year’s activity, while still elevated, is happening at a calmer pace than we experienced 12 months ago, ...Home buyers are keeping a close eye on rising interest rates, hoping to make a move before their locked-in rates expire.” - Daniel John, REBGV Chair
REBGV March 2022 Market welcomes activity much calmer than last spring’s record breaking pace, and the demand from Metro Vancouver home buyers remains high.
The Real Estate Board of Greater Vancouver or REBGV March 2022 Market Update reports that residential home sales in the region totalled 4,344 in March 2022, a 23.9% decrease from the 5,708 sales recorded in March 2021, and a 26.9% increase from the 3,424 homes sold in the February Market.