Market Update Archives - Norm Lum Realtor
METRO VANCOUVER MARKET UPDATE JANUARY 2025

METRO VANCOUVER MARKET UPDATE JANUARY 2025

Market Update

Home sellers off to an active start in 2025 Homes newly listed on the MLS® in Metro Vancouver* rose 46 per cent year-over-year in January, as sellers[...]

METRO VANCOUVER MARKET UPDATE DECEMBER 2024

METRO VANCOUVER MARKET UPDATE DECEMBER 2024

Market Update

Home sales register a strong finish to cap off 2024 Home sales registered on the Multiple Listing Service® (MLS®) in Metro Vancouver1 rose over thir[...]

METRO VANCOUVER MARKET UPDATE NOVEMBER 2024

METRO VANCOUVER MARKET UPDATE NOVEMBER 2024

Market Update

Home buyer demand continues to strengthen in November Home sales registered in the MLS® in the Metro Vancouver1 market rose 28 percent year-over-year[...]

METRO VANCOUVER MARKET UPDATE OCTOBER 2024

METRO VANCOUVER MARKET UPDATE OCTOBER 2024

Market Update

Buyer demand surges in October After months of tracking approximately twenty per cent below the ten-year seasonal average, Metro Vancouver home sales[...]

METRO VANCOUVER MARKET UPDATE JUNE 2024

METRO VANCOUVER MARKET UPDATE JUNE 2024

Market Update

Market shifting in buyers’ favour, though hesitation remains Metro Vancouver home sales registered on the MLS® remained below seasonal and historic[...]

METRO VANCOUVER MARKET UPDATE MAY 2024

METRO VANCOUVER MARKET UPDATE MAY 2024

Market Update

Home sales down in May while inventory continues to increase The number of transactions on the Multiple Listing Service® (MLS®) declined in May comp[...]

METRO VANCOUVER MARKET UPDATE FEBRUARY 2024

METRO VANCOUVER MARKET UPDATE FEBRUARY 2024

Market Update

Home sellers awaken this spring, bringing much-needed inventory to the housing market VANCOUVER, BC – March 4, 2024 – While Metro Vancouver1 home [...]

METRO VANCOUVER MARKET UPDATE DECEMBER 2023

METRO VANCOUVER MARKET UPDATE DECEMBER 2023

Market Update

VANCOUVER, BC – January 3, 2024– Metro Vancouver’s1 housing market closed out 2023 with balanced market conditions, but the year-end totals mask[...]

METRO VANCOUVER MARKET UPDATE OCTOBER 2023

METRO VANCOUVER MARKET UPDATE OCTOBER 2023

Market Update

Metro Vancouver housing market holds steady in October VANCOUVER, BC – November 2, 2023 – An increase in newly listed properties is providing more[...]

METRO VANCOUVER MARKET UPDATE AUGUST 2023

METRO VANCOUVER MARKET UPDATE AUGUST 2023

Market Update

Seasonal slowdown brings price stability to Metro Vancouver VANCOUVER, BC – September 5, 2023 – As summer winds to a close, higher borrowing costs[...]

METRO VANCOUVER MARKET UPDATE JUNE 2023

METRO VANCOUVER MARKET UPDATE JUNE 2023

Market Update

Home prices continue to rise in Metro Vancouver’s housing market to kick off the summer Continuing the trend that has emerged in the housing market [...]

METRO VANCOUVER MARKET UPDATE MAY 2023

METRO VANCOUVER MARKET UPDATE MAY 2023

Market Update

Competition among buyers in Metro Vancouver’s housing market heats up as summer arrives VANCOUVER, BC – June 2, 2023 – While the year started sl[...]

METRO VANCOUVER MARKET UPDATE APRIL 2023

METRO VANCOUVER MARKET UPDATE APRIL 2023

Market Update

Prices continue rising across Metro Vancouver as home buyer confidence returns VANCOUVER, BC – May 2, 2023 – With listing activity remaining below[...]

METRO VANCOUVER MARKET UPDATE MARCH 2023

METRO VANCOUVER MARKET UPDATE MARCH 2023

Market Update

Spring brings renewed price growth across Metro Vancouver’s housing market while new listings remain dormant VANCOUVER, BC – April 3, 2023 – Hom[...]

METRO VANCOUVER MARKET UPDATE FEBRUARY 2023

METRO VANCOUVER MARKET UPDATE FEBRUARY 2023

Market Update

Below average home sales allow inventory to inch upwards VANCOUVER, BC – March 2, 2023 – February listing data show a continued reluctance among p[...]

METRO VANCOUVER MARKET UPDATE JANUARY 2023

METRO VANCOUVER MARKET UPDATE JANUARY 2023

Market Update

Home sales decline below long-term averages and inventory remains low to start 2023 VANCOUVER, BC – February 2, 2023 – Inventory remains low in Me[...]

METRO VANCOUVER MARKET UPDATE DECEMBER 2022

METRO VANCOUVER MARKET UPDATE DECEMBER 2022

Market Update

Rising mortgage rates brought uncertainty and caution to Metro Vancouver’s housing market in 2022 VANCOUVER, BC – January 4, 2023 – After seeing[...]

METRO VANCOUVER MARKET UPDATE NOVEMBER 2022

METRO VANCOUVER MARKET UPDATE NOVEMBER 2022

Market Update

Home sale and listing activity continue trending below long-term averages in November VANCOUVER, BC – December 2, 2022 – While typically a quiet m[...]

METRO VANCOUVER MARKET UPDATE OCTOBER 2022

METRO VANCOUVER MARKET UPDATE OCTOBER 2022

Market Update

Inflation, rising interest rates create caution across Metro Vancouver’s housing market VANCOUVER, BC – November 2, 2022 – Home sale activity ac[...]

METRO VANCOUVER MARKET UPDATE AUGUST 2022

METRO VANCOUVER MARKET UPDATE AUGUST 2022

Market Update

Metro Vancouver’s housing market sees fewer home buyers and sellers in August VANCOUVER, BC – September 2, 2022 – Metro Vancouver’s* housing m[...]

METRO VANCOUVER MARKET UPDATE JULY 2022

METRO VANCOUVER MARKET UPDATE JULY 2022

Market Update

Home buyer demand continues to ease across Metro Vancouver VANCOUVER, BC – August 3, 2022 – Metro Vancouver’s housing market has entered a new c[...]

METRO VANCOUVER MARKET UPDATE JUNE 2022

METRO VANCOUVER MARKET UPDATE JUNE 2022

Market Update

Home listings up, sales down and prices starting to decrease to start the summer season VANCOUVER, BC – July 5, 2022 – With interest rates and hou[...]

METRO VANCOUVER MARKET UPDATE MAY 2022

METRO VANCOUVER MARKET UPDATE MAY 2022

Market Update

Spring ushers in calmer housing market trends in Metro Vancouver VANCOUVER, BC – June 2, 2022 – After reaching record-setting levels in 2021, home[...]

METRO VANCOUVER MARKET UPDATE APRIL 2022

METRO VANCOUVER MARKET UPDATE APRIL 2022

Market Update

Metro Vancouver home sales return to more traditional levels in April VANCOUVER, BC – May 3, 2022 – Home buyer demand in Metro Vancouver* returned[...]

METRO VANCOUVER MARKET UPDATE MARCH 2022

METRO VANCOUVER MARKET UPDATE MARCH 2022

Market Update

Calmer than last spring’s record pace, Metro Vancouver home buyer demand remains elevated VANCOUVER, BC – April 4, 2022 – While down from last y[...]

METRO VANCOUVER MARKET UPDATE FEBRUARY 2022

METRO VANCOUVER MARKET UPDATE FEBRUARY 2022

Market Update

Listings inch up, demand remains steady and price gains continue in Metro Vancouver’s housing market in February VANCOUVER, BC – March 2, 2022 –[...]

METRO VANCOUVER MARKET UPDATE JANUARY 2022

METRO VANCOUVER MARKET UPDATE JANUARY 2022

Market Update

Low supply keeps upward pressure on home prices across Metro Vancouver’s housing market VANCOUVER, BC – February 2, 2022 – The first month of 2[...]

METRO VANCOUVER MARKET UPDATE DECEMBER 2021

METRO VANCOUVER MARKET UPDATE DECEMBER 2021

Market Update

Metro Vancouver home sales set a record in 2021 VANCOUVER, BC – January 5, 2022 – Metro Vancouver* home sales reached an all-time high in 2021 as [...]

METRO VANCOUVER MARKET UPDATE NOVEMBER 2021

METRO VANCOUVER MARKET UPDATE NOVEMBER 2021

Market Update

Home sales activity remains up, listings down across Metro Vancouver’s housing market VANCOUVER, BC – December 2, 2021 – As we near the end of 2[...]

METRO VANCOUVER MARKET UPDATE OCTOBER 2021

METRO VANCOUVER MARKET UPDATE OCTOBER 2021

Market Update

Metro Vancouver home buyers compete for fewer home listings in October VANCOUVER, BC – November 2, 2021 – Home sale activity in Metro Vancouver* r[...]

METRO VANCOUVER MARKET UPDATE AUGUST 2021

METRO VANCOUVER MARKET UPDATE AUGUST 2021

Market Update

Summer sees home listing supply decline across Metro Vancouver VANCOUVER, BC – September 2, 2021 – While home buyers have remained active in Metro[...]

METRO VANCOUVER MARKET UPDATE JULY 2021

METRO VANCOUVER MARKET UPDATE JULY 2021

Market Update

Steady sales, reduced listings and virtually unchanged home prices in July. VANCOUVER, BC – August 4, 2021 – Metro Vancouver’s* housing market s[...]

METRO VANCOUVER MARKET UPDATE JUNE 2021

METRO VANCOUVER MARKET UPDATE JUNE 2021

Market Update

Metro Vancouver’s housing market sets a steady, calmer pace to begin the summer season VANCOUVER, BC – July 5, 2021– While still elevated, home [...]

METRO VANCOUVER MARKET UPDATE MAY 2021

METRO VANCOUVER MARKET UPDATE MAY 2021

Market Update

Home sale and listing activity in Metro Vancouver moves off of its record-breaking pace VANCOUVER, BC – June 2, 2021 – The Metro Vancouver* housin[...]

METRO VANCOUVER MARKET UPDATE APRIL 2021

METRO VANCOUVER MARKET UPDATE APRIL 2021

Market Update

Supply response emerges in Metro Vancouver’s active housing market VANCOUVER, BC – May 4, 2021 – Home sellers have become increasingly active in[...]

METRO VANCOUVER MARKET UPDATE MARCH 2021

METRO VANCOUVER MARKET UPDATE MARCH 2021

Market Update

March home sales and new listings set records in Metro Vancouver VANCOUVER, BC – April 2, 2021 – Home buyer and seller activity reached unpreceden[...]

Metro Vancouver Market Update February 2021

Metro Vancouver Market Update February 2021

Market Update

Home buyer competition intensifies across Metro Vancouver’s housing market VANCOUVER, BC – March 2, 2021 – Competition amongst home buyers is pu[...]

Metro Vancouver Market Update January 2021

Metro Vancouver Market Update January 2021

Market Update

Home buyer demand remains elevated across Metro Vancouver VANCOUVER, BC – February 2, 2021 – In the first month of 2021, Metro Vancouver’s* hous[...]

Metro Vancouver Market Update December 2020

Metro Vancouver Market Update December 2020

Market Update

Metro Vancouver housing market shows resilience in 2020 VANCOUVER, BC – January 5, 2021 – Strong December activity brought Metro Vancouver’s* 20[...]

Metro Vancouver Market Update November 2020

Metro Vancouver Market Update November 2020

Market Update

November home sales outpace seasonal norms and long-term averages Vancouver, B.C. – December 2, 2020 – Housing demand in Metro Vancouver* continue[...]

Metro Vancouver Market Update October 2020

Metro Vancouver Market Update October 2020

Market Update

Home sale and listing resurgence extends into the fall VANCOUVER, BC – November 3, 2020 – Home sale and new listing activity remained at near reco[...]

Metro Vancouver Market Update August 2020

Metro Vancouver Market Update August 2020

Market Update

Home sale and listing activity continues to increase in August VANCOUVER, BC – September 2, 2020- Home buyers and sellers remained active across Met[...]