Real Estate Roundup Blog – Insights, Trends, and Tips for Buyers and Sellers

January 2025 Market Statistics

Posted on Feb 07, 2025 in Statistics

January 2025 real estate statistics for GVRD, FVREB, and VIREB including average home prices, sales volume, and active listings

It looks like 2025 is starting off with a bang with the swearing in of a new government in the US and the threat of tariffs hanging over our already shaky economy. When I first heard about the plans, I assumed that it was just a negotiation ploy and it seems like it will continue to be used to extract the most economic concessions that they can get...

December 2024 Market Statistics

Posted on Jan 06, 2025 in Statistics

December 2024 Market Highlights Infographic

Happy New Year! We wish everyone a healthy, happy, and prosperous 2025!

We thought that we would start this newsletter by looking back at the year that was 2024.

REAL ESTATE MARKET TRENDS FOR 2024

Market Dynamics & Opportunities:

December saw increased sales activity in all of the regional real estate boards, including the GVR, FVREB, and VIREBs, indic...

$80K Secondary Suite Loan Program Interest Rate: 2%!

Posted on Jan 06, 2025 in Homeowner Incentives

Attractive young couple planning their basement suite renovation

Increased Loan Limit for Secondary Suites

Launching in early 2025, the Canada Secondary Suite Loan Program will raise its loan cap to $80,000, doubling the previous $40,000 limit. This expansion will make it easier for homeowners to secure low-interest financing for creating secondary suites, including:

Converting basements into rental apartments.
Tra...

November 2024 Market Statistics

Posted on Dec 04, 2024 in Statistics

As the holiday season approaches, the market is showing some interesting dynamics. Traditionally, December sees a slower pace as people focus on holiday plans, family gatherings, and festive events. However, this year has been anything but typical!

October’s sales exceeded the 10-year average, and November kept up the momentum. Now, December is star...

2024 - 2025 Real Estate Outlook for GVR, FVREB, and VIREB

Posted on Nov 06, 2024

Real Estate Market Analysis and Forecast: October 2024

Market Trends Across Metro Vancouver, Fraser Valley, and Vancouver Island

Demand Rebound with Balanced Markets: Across all three regions, October 2024 showed a notable increase in sales, largely driven by recent interest rate cuts from the Bank of Canada. Metro Vancouver saw a 31.9% increase in s...

October 2024 Market Statistics

Posted on Nov 06, 2024 in Statistics

October 2024 real estate statistics for GVRD, FVREB, and VIREB including average home prices, sales volume, and active listings

Well, well, well. The political and financial climate has changed pretty radically over last month. Both the Bank of Canada and the US Fed have lowered their base interest rates by 50 points or 0.50% each, citing low inflation and economic growth. Both are expected to continue this downward trend in subsequent meetings.

The expectation of this cut h...

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July 2025 Market Statistics

Aug 06, 2025

Couple relaxing on the beach while looking at real estate listings on thier iPads

Real estate statistics for GVR, FVREB, and VIREB

🏡 July 2025 Market Update: Balanced Conditions Remain with a Slight Uptick in the ActivityJuly’s real estate numbers confirm what many of us are already sensing on the ground: buyers are cautious, inventory is ample, and price trends continue to soften across much of the province.
🔹 In Greater Vancouver, we’re seeing early signs of a sales recovery...

June 2025 Market Statistics

Jul 07, 2025

🏡 June 2025 Market Update: Balanced Conditions, More Choices for BuyersAs summer heats up, so do real estate opportunities across BC’s markets. Inventory levels are rising, prices are stabilizing, and mortgage rates remain steady, creating some of the most favourable buying conditions we’ve seen in years.🔹 Greater Vancouver saw listings jump 24% ye...

June 2025 Market Statistics

Jul 07, 2025

Tiff Mackem throws a dart at a dartboard to determine whether to raise or lower the interest rates.

🏡 June 2025 Market Update: Balanced Conditions, More Choices for BuyersAs summer heats up, so do real estate opportunities across BC’s markets. Inventory levels are rising, prices are stabilizing, and mortgage rates remain steady, creating some of the most favourable buying conditions we’ve seen in years.🔹 Greater Vancouver saw listings jump 24% ye...