Homebuyer Demand Continuing To Strengthen Across Metro Vancouver

Residential sales in Greater Vancouver and the Fraser Valley exceeded last year's totals, with Greater Vancouver recording 2,166 sales (27.6% increase) and the Fraser Valley 1,136 sales (27.5% increase). New listings also rose, with Greater Vancouver adding 3,725 and the Fraser Valley 2,637. The composite benchmark price in Greater Vancouver is $1,172,100, a slight decrease, while in the Fraser Valley, it is $969,500. Market analysts express cautious optimism about buyer confidence and potential impacts from new mortgage guidelines and interest rate announcements.