Greater Vancouver Real Estate Statistics - August 2022
Posted on Sep 02, 2022 in Market Update
Metro Vancouver’s housing market sees fewer home buyers and sellers in August
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 that residential home sales in the region totalled 1,870 in August 2022, a 40.7 per cent decrease...
Canadian Monthly Economic Growth
Posted on Sep 01, 2022 in Economics
The Canadian economy rose 0.1 per cent in June, up for the fifth consecutive month. Goods-producing sectors rose 0.1 per cent while services-producing industries were up 0.2 per cent. Canadian real GDP is now roughly 2.3 per cent above its pre-pandemic, February 2020 level. However, preliminary estimates suggest that output in the Canadian economy...Canadian Inflation Cools on Gas Prices, But Relief Is Limited
Posted on Aug 20, 2022 in Economics
Gasoline Prices Dipped, But No Time To Celebrate
While we are all grateful that gasoline prices declined from record highs in July, today's release of the July inflation data shows that the underlying inflation momentum remains too strong for comfort. Governor Macklem will likely continue to hike the policy rate aggressively when they next announce...Canadian Housing Starts - July 2022
Posted on Aug 18, 2022 in Economics
Canadian housing starts rose by 2.9k (1.1 per cent) to 275.3k units in July at a seasonally-adjusted annual rate (SAAR). Comparing year-over-year, starts were up from July of 2021 (0.5 per cent). Single-detached housing starts rose 1.6 per cent to 72.6k, while multi-family and others rose 0.9 per cent to 202.7k (SAAR). In British Columbia, starts f...
Canadian Inflation - July 2022
Posted on Aug 18, 2022 in Economics
Canadian prices, as measured by the Consumer Price Index (CPI), rose 7.6 per cent on a year-over-year basis in July, down from 8.1 per cent last month. The deceleration was driven by declining gasoline prices, but price growth remains high among other components of the index. Excluding gasoline, the CPI rose 6.6 per cent year over year in July, up...BC Home Sales Continue to Slow in July
Posted on Aug 13, 2022 in Market Update
The British Columbia Real Estate Association (BCREA) reports that a total of 5,572 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in July 2022, a decrease of 42.4 per cent from July 2021. The average MLS® residential price in BC was $923,449, a 3.6 per cent increase from $891,376 recorded in July 2021. Total sales doll...
