{"id":1311,"date":"2022-02-09T12:30:00","date_gmt":"2022-02-09T20:30:00","guid":{"rendered":"https:\/\/rodrhearyan.com\/blog\/rod-rhea-ryan-hayes-neighbourhood-mary-hill-vancouver-detached-single-family-condo-sales-supply-down-stock-sellers-market-increase-price-median-ensuite-2022-forecaste\/"},"modified":"2026-04-08T09:24:04","modified_gmt":"2026-04-08T16:24:04","slug":"rod-rhea-ryan-hayes-neighbourhood-mary-hill-vancouver-detached-single-family-condo-sales-supply-down-stock-sellers-market-increase-price-median-ensuite-2022-forecaste","status":"publish","type":"post","link":"https:\/\/www.rodrhearyan.com\/blog\/rod-rhea-ryan-hayes-neighbourhood-mary-hill-vancouver-detached-single-family-condo-sales-supply-down-stock-sellers-market-increase-price-median-ensuite-2022-forecaste\/","title":{"rendered":"Metro Vancouver: Low supply keeps upward pressure on home prices"},"content":{"rendered":"

The first month of 2022 saw home sales come down f<\/span>rom last year’s <\/span>record<\/span>–<\/span>setting <\/span>pace<\/span>,<\/span>while <\/span>low supply continue<\/span>d <\/span>to cause home prices to edge <\/span>higher across Metro Vancouver.<\/span><\/span><\/span>
<\/span><\/span><\/p>\n

The Real Estate Board of Greater Vancouver (REBGV) reports that residential <\/span>home <\/span>sales in the<\/span>
region totalled <\/span>2,285 <\/span>in <\/span>January 2022<\/span>, a <\/span>4.4<\/span>per cen<\/span>t decrease from the <\/span>2,389 <\/span>sales recorded in<\/span>
January 2021<\/span>, and<\/span>a<\/span>15 <\/span>percent <\/span>decrease <\/span>from the <\/span>2,<\/span>688 <\/span>homes sold in <\/span>December 2021<\/span>.<\/span><\/span><\/span>
<\/span><\/span><\/p>\n

Last month’s sales were <\/span>25.3 <\/span>percent <\/span>above the 10<\/span>–<\/span>year<\/span>January <\/span>sales average.<\/span><\/span><\/span>
There were 4,170 detached, attached and<\/span>apartment properties newly listed for sale on the<\/span>
Multiple Listing Service in Metro Vancouver in January 2022. This represents a 6.9<\/span>
per cent decrease compared to the 4,480 homes listed in January 2021 and a 114.4 per cent<\/span>
increase compared to Dece<\/span>mber 2021 when 1,945 homes were listed.<\/span><\/span><\/span>
<\/span><\/span><\/p>\n

“Our listing inventory on MLS® is less than half of what would be optimal to begin the year. As<\/span>
a result, hopeful home buyers have limited choice in the market today. This trend <\/span>is causing<\/span>
fierce competition for a <\/span>scarce <\/span>number of homes for sale<\/span>,<\/span>which, in turn, increases prices<\/span>,” Keith<\/span>
Stewart, REBGV economist said.<\/span><\/span><\/p>\n

\"Our<\/span><\/span><\/p>\n

For More Information: CLICK HERE<\/a><\/p>\n

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The first month of 2022 saw home sales come down from last year’s record–setting pace,while low supply continued to cause home prices to edge higher across …<\/p>\n","protected":false},"author":2,"featured_media":2373,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-1311","post","type-post","status-publish","format-standard","has-post-thumbnail","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\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t