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

Feb 04, 2022

Written by

Ryan Berlin

SHARE THIS

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.

Our rennie intelligence team comprises our in-house demographer, senior economist, and market analysts. Together, they empower individuals, organizations, and institutions with data-driven market insight and analysis. Experts in urban land economics, community planning, shifting demographics, and real estate trends, their strategic research supports a comprehensive advisory service offering and forms the basis of frequent reports and public presentations. Their thoughtful and objective approach truly embodies the core values of rennie.

Written by

Ryan Berlin

blog-feature-media-cm3j4qy3w1pfp07u0x8ycqdln

Pre-sale / Resale

real (estate) talk | November 2024

In many ways, October was a pretty eventful month. First, Statistics Canada reported inflation data that, at 1.6%, solidified the end of a more than two-year quest to bring down the highest inflation in a generation.

Nov 2024

Report

blog-feature-media-cm3gd1wp21mll07u7vd0l85fo

Pre-sale / Resale

the kelowna rennie review | November 2024

The Central Okanagan saw its largest September-to-October sales increase in 25 years. While we expect 2025 to look a lot more average in Vancouver and Victoria, the current policy landscape will delay a more fulsome return to typical activity levels in Kelowna.

Nov 2024

Report

Search for properties

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

Subscribe to weekly market insights

Related

In many ways, October was a pretty eventful month. First, Statistics Canada reported inflation data that, at 1.6%, solidified the end of a more than two-year quest to bring down the highest inflation in a generation.

The Central Okanagan saw its largest September-to-October sales increase in 25 years. While we expect 2025 to look a lot more average in Vancouver and Victoria, the current policy landscape will delay a more fulsome return to typical activity levels in Kelowna.