{"id":1224,"date":"2022-08-04T10:15:00","date_gmt":"2022-08-04T17:15:00","guid":{"rendered":"https:\/\/rodrhearyan.com\/blog\/realtor-rod-rhea-ryan-hayes-neighbourhood-sales-stock-supply-decrease-interest-rates-increase-bank-mortgage-buying-power-slow-downturn-historic-royal-lepage-2022-family-sellers-asking-price-market\/"},"modified":"2026-04-08T09:23:32","modified_gmt":"2026-04-08T16:23:32","slug":"realtor-rod-rhea-ryan-hayes-neighbourhood-sales-stock-supply-decrease-interest-rates-increase-bank-mortgage-buying-power-slow-downturn-historic-royal-lepage-2022-family-sellers-asking-price-market","status":"publish","type":"post","link":"https:\/\/www.rodrhearyan.com\/blog\/realtor-rod-rhea-ryan-hayes-neighbourhood-sales-stock-supply-decrease-interest-rates-increase-bank-mortgage-buying-power-slow-downturn-historic-royal-lepage-2022-family-sellers-asking-price-market\/","title":{"rendered":"Metro Vancouver home sales down by 43% in July 2022 compared to 2021 (via Urbanized)"},"content":{"rendered":"

The demand for housing is continuing to slow across Metro Vancouver, and compared to last year, the region saw a massive drop in home sales in July.<\/p>\n

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According to the Real Estate Board of Greater Vancouver (REBGV), July 2021 saw 3,326 homes sold in Metro Vancouver. In July 2022, that number dropped by 43.3% to 1,887 properties sold. That also represents a 22.8% decrease since June of this year when 2,444 homes were sold.<\/p>\n

July 2022 numbers were also 35.2% below the 10-year July sales average.<\/p>\n

REBGV suggests the numbers represent home buyers “exercising more caution in today’s market” thanks to factors like rising interest rates and inflation.<\/p>\n

“This allowed the selection of homes for sale to increase and prices to edge down in the region over the last three months,” said REBGV Chair Daniel John in a statement.<\/p>\n

Listings were also down compared to last year.<\/p>\n

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

The demand for housing is continuing to slow across Metro Vancouver, and compared to last year, the region saw a massive drop in home sales in …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-1224","post","type-post","status-publish","format-standard","hentry","category-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t