May 2024 overview of housing market activity in Metro Vancouver

May 2024 overview of housing market activity in Metro Vancouver

A culmination of factors, from higher borrowing costs, to worries about the economy, to policy interventions imposed by various levels of Government, are influencing Buyers and Sellers today.



The number of transactions on the Multiple Listing Service® (MLS®) declined in May compared to what is typical for this time of year in Metro Vancouver. This shift has allowed the inventory of homes available for sale to continue to accumulate with over 13,000 homes now actively listed on the MLS® in the region.
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Home sales registered on the MLS® in Metro Vancouver were 14 per cent lower than last October, as the trend of slower sales and building inventory creates favourable conditions for those looking to buy in the fall market.

Phil Chang
Personal Real Estate Corporation
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August sales figures add further confirmation that sales activity across Metro Vancouver appears to be recovering, albeit somewhat slowly, from the challenging first half of the year

Phil Chang
Personal Real Estate Corporation
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After a turbulent first half of the year, home sales registered on the MLS® across Metro Vancouver are showing emerging signs of a recovery, down ten per cent year-over-year – halving the decline seen last month.

Phil Chang
Personal Real Estate Corporation