As the Bank of Canada (BOC) decided not to increase rates in its last rate announcement of 2023, the Vancouver real estate market is showing no sign of recovery. This marks the third interest rate hold since September, yet sales are still trending downwards. Sales in November decreased by 14.7% from October, and new listings are down by 30%. Currently, the market is in a balanced state.

Despite this, prices have still risen by 6.39% since the beginning of the year. However, there has been a price decline since July. Notably, even with a 3% interest rate increase from last November till now, the current housing prices remain unchanged compared to November of last year.

In November’s report, only the condo market, there has been an increase in the months of inventory. This indicates that, while the overall market remains stable, there is increasing supply pressure in the condo market. This could be a result of buyers looking for more affordable options or investors seeking opportunities amidst market fluctuations.

Overall, after a year of ups and downs, the Vancouver real estate market is gradually stabilizing. For potential buyers and sellers, this is a good time to observe and assess the market. The market dynamics may adjust in the coming months with changes in the economy and policies, so keeping an eye on market trends is crucial.

隨著加拿大央行（BOC）在2023年最後一次利率公告中決定不再加息，溫哥華房地產市場並未顯示出復甦的跡象。這是自9月以來第三次維持利率不變，但銷售量仍呈下降趨勢。11月的銷售量較10月下降了14.7%，新房源更是減少了30%。目前市場處於平衡狀態。

儘管如此，從年初至今，房價仍上漲了6.39%。然而，自7月以來，房價有所回落。值得注意的是，即便在去年11月至今利率上升了3%，目前的房價與去年11月相比仍然保持不變。

在11月的報告中，特別是在公寓市場，庫存月份有所增加。這表明，儘管整體市場保持穩定，但公寓市場的供應壓力正在增加。這可能是買家尋找更實惠選擇的結果，或是投資者在市場波動中尋求機會。

總的來說，經過一年的起伏後，溫哥華房地產市場正逐漸趨於穩定。對於潛在買家和賣家來說，這是一個觀望和評估市場的好時機。未來幾個月，市場動態可能會隨著經濟和政策的變化而有所調整，因此保持關注市場走向至關重要。