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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Coachella Valley housing sales were little changed in August from July, and still trail long-run averages. In contrast, active inventory and new listings bucked seasonal patterns, coming in softer than expected.

An active July for sales in the Central Okanagan was followed by a larger-than-usual drop in August. However, given how suppressed activity has been the past few summers, it still amounted to the busiest August in 4 years.