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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Per the latest BC Stats data, Greater Victoria is projected to see substantially reduced population growth over the next decade. Notably, Langford is anticipated to grow more than the entire region, with outright declines forecasted for several communities.

BC Stats has released its latest population projections for communities across the province. Over the next decade, growth in the Central Okanagan is expected to be substantially less than both the previous decade and what was previously anticipated.