REBGV’s Director of Economics and Data Analytics, Andrew Lis, recently released his 2024 market forecasts for Greater Vancouver’s residential and commercial markets. He also hosted two online presentations to go through the forecasts in more detail and answer questions from attendees.

Andrew’s forecast for the residential market in 2024 looks at key factors like the impact of various interest rate scenarios and their effect on borrowing costs, low housing supply and its effect on pricing, and the other economic trends that can affect the market.

Read the forecast.

Watch a recording of Andrew’s residential forecast presentation:

Andrew’s commercial forecast highlights a few reasons for optimism coming off a rough 2023, including expected policy shifts at the provincial and federal levels aimed at increasing the supply of new homes and lower borrowing costs. 

Read the forecast.

Watch a recording of Andrew’s commercial forecast presentation: