Market IntelligenceEconomy

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.
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

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Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.

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