The Real Estate Board of Greater Vancouver (REBGV) released its April 2023 Monthly Market Report, which indicates that the region's housing market continued to experience strong demand from buyers, despite the ongoing pandemic. The report highlights that the sales-to-active listings ratio for April 2023 was 37.9%, which is a 13.8% increase compared to the same period last year. The benchmark price for all residential properties in Greater Vancouver also saw a significant increase of 17.4% compared to April 2022. The report also suggests that market conditions are favouring sellers, as there is a shortage of listings and strong competition among buyers, resulting in multiple offers and high selling prices.

Full Report: https://www.rebgv.org/market-watch/monthly-market-report/april-2023.html