INFOGRAPHICS: August 2023 REBGV Greater Vancouver Market Reports

English Bay in Vancouver

Seasonal slowdown brings price stability to Metro Vancouver

As summer winds to a close, higher borrowing costs have begun to permeate the Metro Vancouver1 housing market in predictable ways, with price gains cooling and sales slowing along the typical seasonal pattern.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales2 in the region totalled 2,296 in August 2023, a 21.4 per cent increase from the 1,892 sales recorded in August 2022. This was 13.8 per cent below the 10-year seasonal average (2,663).

“It’s been an interesting spring and summer market, to say the least. Borrowing costs are fluctuating around the highest levels we’ve seen in over ten years, yet Metro Vancouver’s housing market bucked many pundits’ predictions of a major slowdown, instead posting relatively strong sales numbers and year-to-date price gains north of eight per cent, regardless of home type.”

Andrew Lis, REBGV director of economics and data analytics

Read the full report on the REBGV website!

 


 

The following data is a comparison between August 2023 and August 2022 numbers, and is current as of September 2023. For last month’s update, you can check out our previous post!

Or follow this link for all our REBGV Infographics!

These infographics cover current trends in several areas within the Greater Vancouver region. Click on the images for a larger view!

 

Printable Version – REBGV August 2023 Data Infographic Report North Vancouver

Printable Version – REBGV August 2023 Data Infographics Report West Vancouver

Printable Version – REBGV August 2023 Data Infographics Report Vancouver West

Printable Version – REBGV August 2023 Data Infographics Report Vancouver East

Printable Version – REBGV August 2023 Data Infographic Report Maple Ridge

Printable Version – REBGV August 2023 Data Infographics Report Pitt Meadows

Printable Version – REBGV August 2023 Data Infographics Report Coquitlam

Printable Version – REBGV August 2023 Data Infographics Report Port Coquitlam

Printable Version – REBGV August 2023 Data Infographic Report Burnaby North

Printable Version – REBGV August 2023 Data Infographics Report Burnaby South

Printable Version – REBGV August 2023 Data Infographics Report Burnaby East

Printable Version – REBGV August 2023 Data Infographics Report New Westminster

Printable Version – REBGV August 2023 Data Infographics Report Richmond

 

 

 

Last Updated on September 27, 2023 by myRealPage

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