What You Need To Know About First-Time Home Buyers In Metro Vancouver

Feb 04, 2022

Written by

Ryan Berlin

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The proportion of completed-home purchases in Metro Vancouver attributed to first-time home buyers (FTHBs) dipped in 2021 vs the prior 3 years.
In spite of a recently lower share, the absolute number of first-time home buyers increased each year between 2018-2021.
Activity in the pre-sale market more or less mimicked this pattern, with the number of FTHB pre-sale purchases rising annually between 2019-2021.

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Written by

Ryan Berlin

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What You Need To Know About First-Time Home Buyers In Metro Vancouver

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Sales in San Diego county jumped 19% in February, with new listings reaching a 4-year high. Looking ahead, the conflict in Iran presents oil and inflation risks, which could keep mortgage rates sticky and prevent them from continuing their downward trek.

Overall sales in Greater Victoria have started the year at a subdued pace, but that’s not the story across all home types. Townhome sales have outpaced detached homes and condos by a considerable margin, continuing a more than two-year trend.