Highlights of Dexter’s June 2025 report   Development Relief Could Boost Housing Starts Buyer’s Market Remains in Place Sales Stabilizing But at Below Average Pace Fraser Valley Shows Improvement   Earlier this year, the challenges of developing new homes had a lot to do with fees paid to municipalities before shovels even hit the ground: “It’s not a ...

Highlights of Dexter’s May 2025 report   Buyers are throwing more offers against listings Active listing count continues to rise, but at a slower pace Sales continue to increase month over month Bank of Canada stays the course for now   Month by month, sales have increased in 2025, although not at the pace familiar to the Metro Vancouver housing mark ...

Highlights of Dexter’s April 2025 report   Active listing count at the highest since 2014 Sales down 24% in April year-over-year Sellers continue to be very active in the market Buyer’s advantage continue      It’s 2022, 2021, 2016, 2015—or any time buyers were looking for a home—and whether they found the perfect home to purchase for the first ti ...

Highlights of Dexter’s March 2025 report   Sales in March up 14% month-over-month Best market for buyers in years New listings continue to be on the rise Time to move on from tariffs     When Phil Collins came out with the hit song Land of Confusion in 1986 (highly recommend watching the video), who knew it was 39 years early! With politics on both ...

Highlights of Dexter’s February 2025 report   Sales in February down 11% year-over-year New listings in February drop 9% from January Active listings continue to accumulate at a slower rate Tariff troubles begin    The year of political uncertainty continues. Tariff or not to tariff has been the question to start 2025 and continued through the month ...

Highlights of Dexter’s January 2025 report   Sales in January up 9% year-over-year January had the highest number of new listings for the month of January since 2012 Bank of Canada has helped make buying more attractive British Columbia would have the least exposure to U.S. tariffs compared to the rest of Canada      Welcome 2025! On the surface, th ...

Highlights of Dexter’s December 2024 report   ·        Sales in December up 31% year-over-year ·        Was December the last of the jumbo cuts by the Bank of Canada? ·        Quarter 4 sales in Greater Vancouver were up 30% to 2023 ·        Townhomes continue to be too few and far between for buyers It’s a new year, but one with the anticipation of continued i ...

Highlights of Dexter’s November 2024 report   ·        Time for the Bank of Canada to cut rates again ·        Seasonal slowdown in sales and listings ·        Sales in November outpaced November 2022 and 2023 ·        Sellers not giving up on the idea of being able to make a move     As the year winds down, the mantra continues – keep on cutting your rate Bank ...

Highlights of Dexter’s September 2024 report ·        Bank of Canada should cut its rate by 0.5% this month ·        5th straight month of declining sales in Metro Vancouver ·        Highest number of Vancouver condo listings since 2012 ·        Buy now before everyone else does when the rates come down further   September 2024 brought on promises and more promi ...

Highlights of Dexter’s August 2024 report   ·        Detached home sales in August down 18% to July ·        Active listing counts declined except for Richmond, Coquitlam and Port Moody ·        Lowest number of monthly sales since January ·        Buyers ready for more interest rate cuts     August 2024 was the month of taking a break! With sales and listing a ...

Highlights of Dexter’s July 2024 report ·        High interest rates have slowed the economy and real estate sales ·        Active listing counts climbed again this month ·        Second highest number of new listings in July since 2008 ·        Buyer opportunities abound in the market   For the past 10 years we’ve all been asking for more listings in the real es ...

June 2024 Month End Sales & Listing Report Highlights of Dexter’s June 2024 report ·        Will July bring the next Bank of Canada Interest rate cut? ·        Growth of listings slowed in June ·        Buyer activity waned in June   ·        Is it really a balanced market? ·        Expect to see new 15 to 20% less new listings in the fall  With a dash of uncert ...

May 2024 Month End Sales & Listing Report Highlights of Dexter’s May 2024 report The first Bank of Canada rate cut since 2020 – now what? Active listings in Greater Vancouver are up 46% from last year Buyers are being patient; sales dipped in May  Watch the Micro Markets closely Prices are relatively flat and some are down in the last 6 months The Canadian Econo ...

Highlights of Dexter’s March 2024 report   •  5% fewer homes sold in Greater Vancouver compared to March 2023 •  15% more homes were listed for sale compared to March 2023 •  Spring Break turned into a real estate break •  Burnaby North sees a surge in new condo listings Spring break took some of the life out of the real estate market this year, especially with Eas ...

Highlights of Dexter’s February 2024 report ·        Buyers continue to show up! Number of sales in Greater Vancouver were up 45% from January ·        Sellers starting to show up, the number of new listings were up 20% from January  ·        Bank of Canada continues the holding pattern on its rate – fixed rates declining  ·        Sales in West Vancouver up 143% c ...

Highlights of Dexter’s January 2024 report ·        Buyers are back! Sales in Greater Vancouver were up 39% from January 2023 ·        Vancouver detached listings are at the lowest level since December 2015 ·        The number of new listings were only up 15% from January 2023 ·        When will the Bank of Canada cut its rate? ·        The total number of sales i ...

Highlights of Dexter’s December 2023 report ·        Prices in Greater Vancouver were up 5% in 2023 ·        Vancouver West Side detached prices showed an increase of 11.4% in 2023 ·        Total number of New Listings were the lowest since 2001 ·        Let the interest rate decreases begin  ·        The Buying signal is now It would seem interest rates and infl ...

Highlights of Dexter’s November 2023 report New Westminster’s average price is the lowest in the region Interest rates are coming down… soon. 2023 will have the lowest annual number of new listings since 2002 West Vancouver House Price Index down 3.7% month-over-month BC NDP quickly pass a number of bills to boost supply and curb speculation  The numbers don’t pa ...

The waiting game in the Metro Vancouver housing market continues but more sellers are joining in and some are becoming impatient. One month a trend does not make. But we certainly saw more listings come on the market in Metro Vancouver in September – more so in the first half. As September moved on through the second half of September, fewer listings came on than in the first half and ...

Highlights of the Dexter Report August 2023   • Bank of Canada holds prime rate at 5% but keeps door open to further hikes • Median price of a West Side detached house up $1 million in past year • Total new listings have been falling, month-over-month, since May • East Vancouver is leading all markets in detached house sales  • South Delta detached houses are mov ...

Highlights of the July Dexter Report    ·        Home prices are virtually unchanged in the past year ·        Total sales in Greater Vancouver are up nearly 30% from July 2022 ·        Wily buyers take advantage of a summer sales slump  ·        There are now 16,400 properties for sale across Metro Vancouver ·        Vancouver density plan invites higher taxes f ...

Highlights of the Dexter Mid-Year 2023 Report   ·        Overall housing sales were 194% higher in June compared to January
   ·        Composite home benchmark price is up 8% from the start of the year   ·        Record high prices are being seen in suburban markets   ·        Investors pile in as condo prices are nearing record highs   ·        
Vancouver’ ...

Highlights of the May 2023 Dexter Housing Report   • May average home price $200,000 higher than in January • May home sales-to-listing ratio a sizzling 59% • Total sales the highest this year and higher than in May 2022 • Surrey detached new listings were up 53% from April 2023 • Overall higher listings may point to a price plateau this summer    After five mo ...

Highlights of the April Market Report ·        We are now in a seller’s market across Greater Vancouver  ·        Multiple offers are being seen as buyers roar back  ·        Buyers must brace for higher new home prices in ‘24 ·        Greater Vancouver sales are up 166% since the start of the year ·        Fraser Valley detached house prices are up $60,000 since ...

March 2023 Month End Sales & Listing ReportHighlights of Dexter Realty’s March 2023 Report:  ·        Benchmark prices are 22% higher than three years ago ·        Greater Vancouver sales are up 146% from January 2023 ·        Greater Vancouver Benchmark detached-house price rise $60,000+ this year  ·        First-time homebuyer incentive starts April 1 ·        Five-year fixed mortgages ...

Highlights of Dexter Realty’s February 2023 Report  ·        Prices increased month-over-month for the first time since May 2022 ·        Housing sales are up 77% from January; new listings are up just 5%. ·        Multiple offers are being seen on Westside detached houses.  ·        Top townhouse market: New Westminster.  ·        Undersupplie ...

“The greatest danger for most of us is not that our aim is too high and we miss it, but that it is too low and we reach it.” Michelangelo 2023: the year to get in position for the recovery January 2023 signalled early that it would end with what the Real Estate Board of Greater Vancouver says is “among the lowest sales month in recent history.” As of mid-month, total transactions had reach ...

November 2022 Month End Sales and Listing ReportAs Peter (Yogi) Berra famously said, “It’s Deja-vu all over again” but in this case it is in comparing Metro Vancouver’s housing market in November 2018 and what we are experiencing today. 2018, after all, was also a down market and that November’s housing sales across Greater Vancouver totalled 1,633 properties, eerily c ...

October 2022 Month End Sales & Listing StatsThe ancient Greek philosopher, Heraclitus, said, “Change is the only constant in life.” Well, that’s certainly true. Things change. Often! Kids get older. People take on new hobbies. Careers evolve. As a result, a house that was perfect when the owners originally purchased it may no longer be ideal. That can be the reality even if they’ve only be ...

“It was the best of times, it was the worst of times” Charles Dickens     The worst of times; the best of times in the Metro Vancouver housing market   Highlights of the September 2022 Dexter Report ·        Five markets have composite home prices under $1 million ·        Home prices ...

August 2022 Month End Sales and Listing Stats “Believe and act as if it were impossible to fail.” Charles F. Kettering New listings, housing starts flirt with record lows in August Highlights of the August Report Total new listings in August the lowest in more than 28 years Ladner townhouses and condos fall to 1-month supply At least six major condo projects have stopped or s ...

“Inaction breeds doubt and fear. Action breeds confidence and courage. If you want to conquer fear, do not sit home and think about it. Go out and get busy” Dale Carnegie     Homebuyers, investors take advantage in this market HIGHLIGHTS OF THE JULY 2022 REPORT ·        Average 5-year ...

June 2022 Month End Sales & Listing Stats“On the other side of a storm is the strength that comes from having navigated through it. Raise your sail and begin.“ Gregory S. Williams Buyer’s emerging with a market advantage Highlights of the June Report Biggest drop in month-over-month house price Port Coquitlam down 5.9% Biggest increase in month-over-month house price: West Vancouver, u ...

MAY GREATER VANCOUVER SALES AND LISTING REPORT June 6th, 2022 Kevin Skipworth, Partner/Broker and Chief Economist at Dexter Realty   ...

“Become a student of change. It is the only thing that will remain constant.” Anthony J. D’Angelo     Welcome back to a balanced market. Don’t be afraid. HIGHLIGHTS OF THE APRIL REPORT • Immigration at record high; housing starts down 41%  • April housing sales down 34% from a year earl ...

February 2022 Month End Sales & Listing Report“Every choice you make has an end result.” Zig Ziglar February signals March will come in like a lion Highlights of this Greater Vancouver report Biggest year-to-year detached price increase: Pitt Meadows, up 40.4% Why a ‘cooling-off period’ would mean market chaos Month-over-month home price increase forecast during 2022: $9 ...

January 2022 Month End Sales & Listing Report “If you have the courage to begin, you have the courage to succeed.” David Viscott     So you need to buy a home. Now is a good time to do so. There have always been challenges purchasing in one of the most expensive housing markets on the p ...

December 2021 Month End Sales & Listing Report “Don’t wish it were easier. Wish you were better.” Jim Rohn     Brace for an interesting year in the housing market As the Metro Vancouver housing market comes off a record sales year, we are entering what could be the most interesting 12 m ...

“Courage is found in unlikely places.” J.R.R. Tolkien November 2021 Month End Sales and Listing Stats   Condos alone can’t meet buyer demand Sales of condominium apartments accounted for 53 per cent of all housing sales in Greater Vancouver in November 2021, with a 33.3% surge in transac ...

October 2021 Month End Sales & Listing Stats “In a gentle way, you can shake the world.” Mahatma Gandhi     Suburban safety valves close as prices rise in step The shocking shortage of homes for sale across Metro Vancouver has had the unsettling effects of levelling residential prices a ...

September 2021 Month End Sales & Listing Stats “Effort only fully releases its reward after a person refuses to quit.” Napoleon Hill     Election over but the effects will linger in Metro Vancouver   The federal election is over and those who think nothing has changed ...

“Between saying and doing, many a pair of shoes is worn out.” Iris Murdoch     Townhouse sector exposes razor-thin housing supply We are in the heat of a hastily-called federal election and housing is the central platform of the major parties, all of which say they will make housing mo ...

July 2021 Month End Sales and Listing Stats "Believe you can and you’re halfway there." Theodore Roosevelt     Reality of housing shortage exposed in July   Sometimes you just have to shake your head at the reports we read about the Greater Vancouver housing market. Such as quotes from ...

June 2021 Month End Sales & Listing Stats "We can't help everyone, but everyone can help someone." Satchel Paige     Balanced market seen holding this summer   June housing sales in Greater Vancouver were down 11.4% from May to the lowest level since January ...

May 2021 Month End Sales & Listing Report"Don’t look back. Something might be gaining on you." Satchel Paige Like the weather itself in May, the Greater Vancouver housing market was unseasonably hot but with subtle signals of cooling. May marked the second consecutive month with sales declining in absolute numbers from the previous mon ...

April brings a shower of new listings With more than 10,000 homes for sale, fear of missing out eases “There are no shortcuts to any place worth going.” Beverly Sills The incredible boomerang in the Metro Vancouver housing market was never more apparent than this April, as total housing sales bounced back from the lowest monthly sales on record to the highest in a 12-month span. In Ap ...

Potential Immigration the wild card in Metro housing market “We cannot solve our problems with the same thinking we used when we created them.” Albert Einstein March housing sales skyrocketed more than 126% higher than in March 2020 – the month the COVID-19 pandemic began – to the highest monthly sales pace ever recorded in Greater Vancouver. The composite benchmark home price leaped 9.9% ...

February 2021: Watch for the rise of the strata market   February is traditionally a ho-hum period in residential real estate but this year, as with so much of the recent Metro Vancouver market, this February proved exceptional. Housing sales hit the highest monthly level since June 2017, with prices arcing nearly 9% higher than a year earlier to ...

Welcome to January 2021 – please fasten your seat belts Some will express surprise that, as we enter the second year of a global pandemic, the rush to purchase homes in Greater Vancouver continues the startling sales pace seen in 2020. But there is a simple reason for the January surge: price appreciation as accelerating buyer demand collides with a stubborn lack of inventory. In the past 1 ...

“There’s nowhere you can be that isn’t where you’re meant to be…” John Lennon Last year I started this report with John Lennon’s lyrics about the new year and hoping it was a good one… Well, the real estate market came alive, but a global pandemic isn’t what anyone would call a good year. In keeping with the legendary artist though, back in March who would have imagined that D ...