Vancouver's real estate market was strong during the summer.
With COVID-19 restrictions slowly being lifted, people are being able to travel and do other things rather than buy and sell real estate.
With September 2021 in effect, we are starting off the season seeing a low supply, which is keeping prices fairly firm.
Interest rates remain rock-bottom and as we are nearing an election, it may sometimes drive people to think there is some uncertainty which may cause them to hold off on buying. There is also discussion among election parties about foreign buyers being restricted from buying real estate.
We do, however, have record-low interest rates, and going forward, the market is looking fairly stable, and we could see buyer demand pick up in the fall, which will cause potential prices to continue to trend higher.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.