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As the summer holidays wrap up, Vancouver’s real estate market is gearing up for a potential fall rebound after a quieter-than-usual August. Sales across the region dropped by 17.1% compared to last year, with only 1,904 transactions recorded. Buyers seem cautious, keeping the numbers 26% below the ten-year seasonal average, as they navigate higher borrowing costs despite recent rate cuts by the Bank of Canada.
Meanwhile, sellers have been steadily listing, and inventory has climbed by 37% compared to August 2023. This balanced market creates a waiting game for both buyers and sellers—will the September surge bring buyers back?
Stay tuned to see how the fall market shapes up!
#VancouverRealEstate #REALTOR #HousingMarketTrends
