Metro Vancouver Housing Update: March 2022

Metro Vancouver* remains an incredibly sought-after location for many homeowners, with buyer interest and demand continuing to stay put at elevated levels. However, overall home sale activity dropped last month – a calmer outcome compared to last spring’s record pace.

Daniel John, the Real Estate Board of Greater Vancouver (REBGV) Chair commented on the current market movement since last year’s record numbers; “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. Homebuyers are keeping a close eye on rising interest rates, hoping to make a move before their locked-in rates expire.”

Read more...

https://stilhavn.com/metro-vancouver-housing-update-march-2022/

Comments:
No comments

Post Your Comment:

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), 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 REBGV, 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 REBGV, the FVREB or the CADREB.