October 2022 Market Statistics

Real estate market is a hot topic in news, especially with rising interest rates that are impacting BC’s housing market. In Vancouver, it has had an impact, no question. Home sale activity across the Metro Vancouver housing market continued to trend well below historical averages in October.

The total number of homes for sale dropped. Inventory is down comparing the average of the last 4 years

The slow-down tendency in sales creates a more balanced market and starts to favor buyers, after a long period of being in favor of sellers.

Here's a summary of the October 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

Comments:
No comments

Post Your Comment:

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.