{"id":1208,"date":"2022-09-07T12:30:00","date_gmt":"2022-09-07T19:30:00","guid":{"rendered":"https:\/\/rodrhearyan.com\/blog\/interest-rates-banks-mortgage-rod-rhea-ryan-hayes-neighbourhood-mary-hill-port-coquitlam-buying-sales-vancouver-detached-townhouse-family-yard-fenced-ensuite-kitchen-rental-realtor-royal-lepage-sterli\/"},"modified":"2026-04-08T09:23:32","modified_gmt":"2026-04-08T16:23:32","slug":"interest-rates-banks-mortgage-rod-rhea-ryan-hayes-neighbourhood-mary-hill-port-coquitlam-buying-sales-vancouver-detached-townhouse-family-yard-fenced-ensuite-kitchen-rental-realtor-royal-lepage-sterli","status":"publish","type":"post","link":"https:\/\/www.rodrhearyan.com\/blog\/interest-rates-banks-mortgage-rod-rhea-ryan-hayes-neighbourhood-mary-hill-port-coquitlam-buying-sales-vancouver-detached-townhouse-family-yard-fenced-ensuite-kitchen-rental-realtor-royal-lepage-sterli\/","title":{"rendered":"Metro Vancouver\u2019s housing market sees fewer home buyers and sellers in August (via REBGV)"},"content":{"rendered":"

Metro Vancouver’s* housing market is <\/span>experiencing a quieter summer season marked by reduced sale and listing activity. <\/span><\/span><\/span>The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the<\/span>
region totalled 1,870 in August 2022, a 40.7 percent decrease from the 3,152 sales recorded in <\/span>August 2021, and a 0.9 percent decrease from the 1,887 homes sold in July 2022. <\/span><\/span><\/span>Last month’s sales were 29.2 percent below the 10-year August sales average.<\/span><\/span><\/span>
<\/span><\/span><\/p>\n

“With inflationary pressure and interest rates on the rise, home buyer and seller activity shifted<\/span>
below our long-term seasonal averages this summer,” Andrew Lis, REBGV’s director,<\/span>
economics and data analytics said. “This shift in market conditions caused prices to edge down <\/span>over the past four months.”<\/span><\/span><\/span>
<\/span><\/span><\/p>\n

There were 3,328 detached, attached and apartment properties newly listed for sale on the <\/span>Multiple Listing Service® (MLS®) in Metro Vancouver in August 2022. This represents a 17.5 <\/span>percent decrease compared to the 4,032 homes listed in August 2021 and a 16 percent decrease <\/span>compared to July 2022 when 3,960 homes were listed.<\/span><\/span><\/span>
<\/span><\/span><\/p>\n

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is <\/span>9,662, a 7.3 percent increase compared to August 2021 (9,005) and a 6.1 percent decrease <\/span>compared to July 2022 (10,288).<\/span><\/span><\/span>
<\/span><\/span><\/p>\n

“Home buyers and sellers are taking more time to assess what this changing landscape means for <\/span>their housing needs,” Lis said. “Preparation is critical in today’s market. Work with your Realtor <\/span>to assess what today’s home prices, financing options, and other considerations mean for you.”<\/span><\/span><\/span>
<\/span><\/span><\/p>\n

For all property types, the sales-to-active listings ratio for August 2022 is 19.4 percent. By <\/span>property type, the ratio is 12.2 percent for detached homes, 25.3 percent for townhomes, and <\/span>24.8 percent for apartments. <\/span><\/span><\/span>Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 <\/span>percent for a sustained period, while home prices often experience upward pressure when it <\/span>surpasses 20 percent over several months.<\/span><\/span><\/span><\/p>\n

 <\/span><\/span><\/p>\n

For More Information: CLICK HERE<\/span><\/strong><\/a>
<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Metro Vancouver’s* housing market is experiencing a quieter summer season marked by reduced sale and listing activity. The Real Estate Board of Greater Vancouver (REBGV) reports …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-1208","post","type-post","status-publish","format-standard","hentry","category-leisure"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/1208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/comments?post=1208"}],"version-history":[{"count":1,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/1208\/revisions"}],"predecessor-version":[{"id":3018,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/posts\/1208\/revisions\/3018"}],"wp:attachment":[{"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/media?parent=1208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/categories?post=1208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rodrhearyan.com\/blog\/wp-json\/wp\/v2\/tags?post=1208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}