Home Prices To See Slight Increases In 2023
There's Something About Vancouver...despite all the negative news on housing affordability, Metro Vancouver continues to witness internal migration. If you have been holding off on a home purchase, you may be interested to know that the recent announcement of increased immigration numbers for 2023 to 2025 in Canada, will cause the region to continue to grow and put pressure on the lack of housing supply. As the market adjusts to the higher mortgage rates, buyers will return to the market, think fast as REBGV predicts home prices to end with a slight increase in 2023 than the end of 2022.
Link to the REBGV Residential Market Forecast article and graphs here.
Site design is Copyright© 2013 myRealPage.com Inc. All rights reserved.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.