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AT THE HELM MARKET UPDATE

AT THE HELM MARKET UPDATE
Metro Vancouver's housing market shows resilience in 2023, ending the year in balanced territory. The Real Estate Board of Greater Vancouver (REBGV)  reports that residential sales in the region totaled 26,249 in 2023, a 10.3 percent decrease from the 29,261 sales recorded in 2022, and a 41.5 percent decrease from the 44,884 sales in 2021. Last year’s sales total was 23.4 percent below the 10-year annual sales average (34,272). “You could miss it by just looking at the year-end totals, but 2023 was a strong year for the Metro Vancouver housing market considering that mortgage rates were the highest they’ve been in over a decade,” Andrew Lis, REBGV’s director of economics and data analytics said. Planning a move and would like to have facts, and an up-to-date market evaluation of your home so you can plan your next steps with confidence? Ask HELM! Janet is always just a phone call away. Call her directly at 604 730 2600

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