January 2024

The 2023 Housing Market was Defined by High Rates and Slow Sales

Posted on Jan 15, 2024 in BC Real Estate Update



The British Columbia Real Estate Association (BCREA) reports that 73,109 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2023, a 9.2 per cent decline from 80,506 units sold in 2022. The annual average MLS® residential price in BC was $971,144, a 2.6 per cent decrease from $996,943 recorded the previous year. Total sa...

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Housing Market Update for December 2023 (Video)

Posted on Jan 12, 2024 in Market Insights Videos


2023 was a strong year considering that mortgage rates were the highest they've been in over a decade, with prices increasing across all market segments.

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SnapStats Market Speedo Infographic - December 2023

Posted on Jan 08, 2024 in Market Speedo Infographic

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Metro Vancouver housing market shows resilience in 2023, ending the year in balanced territory

Posted on Jan 04, 2024 in Vancouver Update



Metro Vancouver’s housing market closed out 2023 with balanced market conditions, but the year-end totals mask a story of surprising resilience in the face of the highest borrowing costs seen in over a decade.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales in the region totalled 26,249 in 2023, a 10.3 per cent dec...

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