Inventory reaches highest level since the pandemic summer of 2020

VANCOUVER, BC – May 2, 2024 – Actively listed homes for sale on the MLS® in Metro Vancouver continued climbing in April, up 42 per cent year-over-year, breaching the 12,000 mark, a number not seen in the region since the summer of 2020.

Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,831 in April 2024, a 3.3 per cent increase from the 2,741 sales recorded in April 2023. This was 12.2 per cent below the 10-year seasonal average (3,223).

“It’s a feat to see inventory finally climb above 12,000. Many were predicting higher inventory levels would materialize quickly when the Bank of Canada began its aggressive rate hikes, but we’re only seeing…

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Canadian real GDP grew 0.2 per cent in February, following a 0.5 per cent increase in January. The growth was driven by services-producing sectors (+0.2 per cent), led by growth in rail, air, and pipeline transportation. Residential construction activity fell by 0.5 per cent, declining for the fourth consecutive month following a burst of activity in the summer and fall of 2023. Cooler home sales caused GDP from offices of real estate agents and brokers to fall 1.9 per cent last month, undoing some of the growth in December and January. Preliminary estimates suggest that output in the Canadian economy was essentially unchanged in March.


Amid cooling inflation and weakening labour markets, February's rather soft GDP report provides additional support…

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Welcome to the promising world of Pemberton real estate, a burgeoning market nestled in the majestic mountains of British Columbia. As urban sprawl continues and more individuals and families seek retreats away from city bustle, Pemberton emerges as a compelling locale for both investors and homebuyers. With its pristine landscapes and a community-oriented lifestyle, it offers a perfect blend of tranquility and accessibility that is increasingly rare in today’s fast-paced world.

Pemberton's Location

Strategically positioned just north of Whistler and a scenic two-hour drive from Vancouver, Pemberton is more than just a location—it's a gateway to serenity. Its proximity to major transportation routes makes it accessible, yet it maintains a charming,…

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Welcome to Cedar Hills, a charming community nestled in the bustling cityscape. Known for its lush landscapes and vibrant culture, Cedar Hills offers residents and visitors a unique blend of urban convenience and serene nature. Join us as we uncover the myriad attractions and hidden spots in this picturesque neighborhood.

Where is Cedar Hills?

Located just a few miles from the city center, Cedar Hills boasts an enviable position that combines easy access to downtown amenities with the tranquility of suburban living. This area is easily accessible by major highways and public transport, making it a perfect spot for commuters and families alike.

A Brief History of Cedar Hills

The history of Cedar Hills is as rich and colorful as its landscape.…

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Welcome to Guildford, a vibrant neighborhood nestled in the heart of Vancouver that offers a unique blend of urban convenience and serene suburban lifestyle. This article will take you on a journey through the picturesque streets of Guildford, exploring its rich history, thriving real estate market, and the community life that makes it a desirable place for both residents and investors alike.

Discovering Guildford

The Geography of Guildford

Located strategically with easy access to downtown Vancouver, Guildford is surrounded by lush greenery and boasts several parks and natural reserves. Its geographic layout fosters a close-knit community atmosphere while still providing the benefits of city living.

Historical Background

Guildford's…

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Welcome to Stave Falls, a captivating community located in the scenic Fraser Valley of British Columbia. This area, known for its lush landscapes and tranquil environment, is rapidly becoming a hotspot for both real estate investment and residential living. This guide delves into what makes Stave Falls not only a worthwhile investment but also a perfect place to establish roots, offering insights into its real estate market, lifestyle, and potential for growth.

Understanding Stave Falls Real Estate

The Geography and Climate

Stave Falls is positioned uniquely where natural beauty meets accessible suburban living. The area is characterized by dense forests, rolling hills, and clear water bodies, including the Stave River. This setting not only…

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Welcome to a comprehensive exploration of Hemlock’s real estate market, where we delve into the factors making this area ripe for investment. Nestled in a strategic location with a vibrant economic landscape, Hemlock offers unique opportunities for both seasoned and novice investors. The allure of Hemlock lies not only in its economic growth but also in its environmental and cultural offerings, which make it a desirable place to live and work.

Why Invest in Hemlock?

Investing in Hemlock real estate comes with numerous advantages. Beyond the basic appeal of capital appreciation, the area is known for its stable rental yields and low vacancy rates. Investors are drawn to Hemlock for its economic resilience, sustained by a diverse economy and…

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Welcome to Breamar, Canada—a truly unique destination tucked away in the lush, verdant folds of Canada's scenic landscape. This charming locale offers more than meets the eye, with its rich history, vibrant culture, and breathtaking natural surroundings.

History of Breamar

The history of Breamar is as rich as its land, with stories dating back to the early settlers who founded the town in the late 18th century. This section will dive into how Breamar evolved from a small farming community into the flourishing town it is today, highlighting its key historical landmarks that hold tales of the past.

Geographical Location

Nestled in the heart of Canada, Breamar is located at the crossroads of natural beauty and convenience. Surrounded by dense…

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Welcome to Government Road, a vibrant and sought-after locale known for its dynamic real estate market and robust community infrastructure. This comprehensive guide delves into the numerous attractions and benefits that make Government Road a prime destination for both home buyers and real estate investors. From its lush parks and strategic location to diverse residential and commercial properties, discover why this area continues to attract attention and development.

The Appeal of Government Road

Government Road isn't just a place; it's a lifestyle. With its scenic landscapes, well-established neighborhoods, and thriving economic environment, it offers a unique blend of tranquility and urban convenience. Residents enjoy the quiet, tree-lined…

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Vancouver, BC – April 25, 2024

The British Columbia Real Estate Association (BCREA) released its 2024 Second Quarter Housing Forecast today.

Multiple Listing Service® (MLS®) residential sales in BC are forecast to increase 7.8 per cent to 78,130 units this year. In 2025, MLS® residential sales are forecasted to strengthen further, rising to 86,480 units.

"After a slow start for the housing market in 2024, all eyes are on the Bank of Canada. Although fixed mortgages are down significantly, it appears that buyer confidence is hinging on seeing the Bank lower its policy rate," said Brendon Ogmundson, Chief Economist. "Given weak economic growth, a slowing labour market, and a downward trend in inflation, we expect that the Bank will begin to…

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