Navigating the Metro Vancouver real estate market can feel overwhelming, especially with its unique trends and constant changes. Whether you're a buyer looking to find the perfect home or a seller getting ready to list your property, having clear and current market insights is essential. This page is your go-to resource for understanding the Metro Vancouver housing market—without getting lost in a sea of confusing statistics.
Our market updates provide concise, meaningful information that’s tailored to your needs. If you're planning to buy a new home or thinking about selling, you’ll find simple insights that help you understand what’s happening in the market and how it affects your next steps.
Buying or selling in Vancouver doesn’t have to be complicated—let’s navigate it together so you can feel confident in every decision. Check out our latest updates for buyers and seller to get a clearer picture of what the market looks like today.
The MLS® Housing Price Index (HPI) is a valuable tool for assessing real estate market trends, offering a more accurate representation than traditional methods like raw average or median prices.
Raw average price: This is calculated by dividing the total sales volume by the number of transactions.
Median price: To find the median, all sales prices are listed in order. If there's an odd number of sales, the middle price is selected. For an even number of sales, the median is the highest price in the lower half.
The MLS® HPI is designed similarly to the Consumer Price Index, which tracks price changes for a mix of goods and services that Canadians commonly purchase, such as food and clothing. However, the MLS® HPI focuses on housing prices, measuring how they change over time while considering various property features. This gives a more nuanced view of the market than simple averages or medians.
