October 2024 - Home Sales Up 30% – Here’s What to Expect Next

In this episode, we dive into the October 2024 GVR Residential Market Report, where Metro Vancouver home sales saw a strong resurgence with a 31.9% year-over-year increase. After months of subdued demand, it appears that lower mortgage rates are finally drawing buyers back into the market. We’ll explore how sales of detached, attached, and apartment homes rose significantly, the shift toward a potential seller’s market for some segments, and what these trends mean for home prices. Tune in to hear Greater Vancouver REALTORS®' insights on whether this could mark the end of recent price moderation and the beginning of renewed market strength.