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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The rental "discount" available in traditionally more affordable Seattle submarkets is shrinking, and in some cases, have disappeared entirely.

Another month of below-average sales and elevated new listings in April helped push inventory in the Central Okanagan closer to a new decade high. Available condo inventory has diverged from other home types and was more than 70% above long-run average levels.