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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San Diego’s housing market remains stable, with middling sales accompanied by slowly-expanding inventory, as rising listing counts may have already peaked on a seasonally-adjusted basis. All eyes are on inflation and interest rates as the war in Iran drives up the price of oil across the globe.

Home sales in King County remain below long-run levels against a backdrop of expanded listing counts. The war in Iran presents new challenges for inflation and interest rates and, by extension, home buyers and sellers.