November 2022 Market Statistics

November 2022 Market Statistics

Whether you’re looking to buy or sell real estate, knowledge is the key. Market analysis and statistics, will help identify the best opportunities that are available to you when you make your move.

Last month’s sales were 36.9 percent below the 10-year November sales average according the data from Real Estate Board of Greater Vancouver. 

"With the most recent core inflation metrics showing a stubborn reluctance to respond significantly to the furious pace of rate increases, the Bank of Canada may choose to act more forcefully to bring inflation back toward target levels. While it’s always difficult to predict what the bank will do with certainty, this persistent inflationary backdrop sets up the December 7 rate announcement to be yet another increase, making holiday-season home purchases something people may end up foregoing this year."

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 9,179, a 28.5 per cent increase compared to November 2021 (7,144) and a 6.8 per cent decrease compared to October 2022 (9,852).

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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Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), 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 GVR, 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 GVR, the FVREB or the CADREB.