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DECEMBER 2022 MARKET STATISTICS

DECEMBER 2022 MARKET STATISTICS

Real estate market has seen records in sales and average price during 2022. The housing market experienced a year of caution in 2022 due to rising borrowing costs fueled by the Bank of Canada’s ongoing battle with inflation.

Last year’s sales total was 13.4 per cent below the 10-year sales average.

"The headline story in our market in 2022 was all about inflation and the Bank of Canada’s efforts to bring inflation back to target by rapidly raising the policy rate. This is a story we expect to continue to make headlines into 2023, as inflationary pressures remain persistent across Canada,"

Andrew Lis, REBGV Director, economics and data analytics


The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 7,384, a 41 per cent increase compared to December 2021 (5,236) and a 19.6 per cent decrease compared to November 2022 (9,179).


Here's a summary of the November 2022 housing market statistics:

Fraser Valley

Greater Vanvcouver

Metro Vancouver

Interested to discuss the current market situation, have some questions?

Please contact us today at 604-442-9422


Anna Litvak Joseph PREC*, Top 10% of realtors in Greater Vancouver

British Columbia's Top real estate agent, Anna Litvak Joseph PREC,
BC Prime Real Estate Group

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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.