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October brought a fresh surge in Metro Vancouver home sales, with a 31.9% year-over-year jump as mortgage rate cuts encourage buyers off the sidelines. With 2,632 residential sales reported and more potential rate cuts from the Bank of Canada on the horizon, buyer activity is stirring across detached, attached, and apartment segments. Inventory increased to 14,477 active listings, marking a 24.8% rise from last year, and overall sales-to-active listings ratios suggest a growing tilt toward a seller’s market, particularly for attached and apartment homes.
The MLS® benchmark price for all homes in Metro Vancouver now stands at $1,172,200, showing a slight decrease from last month. Are you seeing similar signs of market momentum in your neighborhood?
#MetroVancouverRealEstate #MarketTrends #REALTOR
