{"id":18613,"date":"2021-09-29T10:10:00","date_gmt":"2021-09-29T17:10:00","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=18613"},"modified":"2021-09-21T11:44:58","modified_gmt":"2021-09-21T18:44:58","slug":"rebgv-q3-housing-overview-report","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2021\/09\/rebgv-q3-housing-overview-report\/","title":{"rendered":"REBGV Q3 Housing Overview Report"},"content":{"rendered":"<p style=\"text-align: justify;\">This quarterly report is the first in a series of regular analysis that our new economics department will begin to publish. Over the next month, watch for new employment and housing supply publications that\u2019ll assess how changing employment and housing construction trends are impacting home buyers and sellers in Metro Vancouver\u2019s housing market.<\/p>\n<p style=\"text-align: justify;\"><strong>Report highlights :<\/strong><\/p>\n<p style=\"text-align: justify;\">\u2022 Metro Vancouver\u2019s job market continues to recover, but the recovery will be slower going forward.<br \/>\n\u2022 Job vacancies remain elevated in the Lower Mainland compared to the country\u2019s other major centres and a large increase in housing supply is needed to close the gap.<br \/>\n\u2022 Home sales and new listings have plateaued after reaching record peaks in March 2021.<br \/>\n\u2022 Home sale inventory (active listings) is back to lows not seen since 2016.<br \/>\n\u2022 New home construction has held up through the pandemic, with notable gains made in purpose-built rental units.<br \/>\n\u2022 Heading into the fourth quarter of 2021, expect new listings and sales in Metro Vancouver to remain near long-term averages (which will be lower than last fall) and watch for the total supply of homes for sale (active listings) to increase slowly through September and October.<\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/members.rebgv.org\/news\/REBGV-Q3-2021-Housing-Overview-Report.pdf\" target=\"_blank\" rel=\"noopener\">Click here<\/a> to view the (PDF) report.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.einnews.com\/pr_news\/551487704\/rebgv-launches-new-quarterly-housing-market-report\" target=\"_blank\" rel=\"noopener\">New Quarterly Housing Market Report<\/a> by Keith Stewart | Economist | REBGV<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This quarterly report is the first in a series of regular analysis that our new economics department will begin to publish. Over the next month, watch for new employment and &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2021\/09\/rebgv-q3-housing-overview-report\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-18613","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>REBGV Q3 Housing Overview Report &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2021\/09\/rebgv-q3-housing-overview-report\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"REBGV Q3 Housing Overview Report &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"This quarterly report is the first in a series of regular analysis that our new economics department will begin to publish. 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