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Greater Vancouver Market Report Infographics

Monday, July 15, 2019 11:25:04 AM UTC
INFOGRAPHICS: June 2019 REBGV Greater Vancouver Market Reports
INFOGRAPHICS: June 2019 REBGV Greater Vancouver Market Reports

July is here, and as always, here’s our monthly market update for areas covered by the Real Estate Board of Greater Vancouver (REBGV)!

According to their most recent market update, housing supply is up, while home sales and prices are both down in June.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,077 in June 2019, a 14.4% decrease from the 2,425 sales recorded in June 2018 and a 21.3% decrease from the 2,638 homes sold in May 2019.

Last month’s sales were 34.7% below the 10-year June sales average. This is the lowest total for the month since 2000.

As noted by REBGV President Ashley Smith,

 

“We’re continuing to see an expectation gap between home buyers and sellers in Metro Vancouver. Sellers are...

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INFOGRAPHICS: May 2019 REBGV Greater Vancouver Market Reports
INFOGRAPHICS: May 2019 REBGV Greater Vancouver Market Reports

June is upon us, and as always, here’s our monthly market update for areas covered by the Real Estate Board of Greater Vancouver (REBGV)!

According to their most recent market update, May has seen modest increase in home sales while housing supply reaches a five-year high.

REBGV reports that residential home sales in the region totalled 2,638 in May 2019, a 6.9% decrease from the 2,833 sales recorded in May 2018, and a 44.2% increase from the 1,829 homes sold in April 2019. May sales were 22.9% below the 10-year May sales average and was the lowest total for the month since 2000.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 14,685, a 30% increase compared to May 2018 (11,292).

Sales of detached homes in May 2019 reached 913, a 1.4% decrease...

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INFOGRAPHICS: April 2019 REBGV Greater Vancouver Market Reports
INFOGRAPHICS: April 2019 REBGV Greater Vancouver Market Reports

Holding steady for the month of May. It’s once again time for our monthly market update for areas covered by the Real Estate Board of Greater Vancouver (REBGV)!

As stated in their latest media release, reduced demand and increased supply remain the trend across Metro Vancouver’s housing market.

The board reports that residential home sales in the region totaled 1,829 in April 2019, a 29.1% decrease from the 2,579 sales recorded in April 2018, and a 5.9% increase from the 1,727 homes sold in March 2019.

Last month’s sales were 43.1% below the 10-year April sales average.

As noted by Ashley Smith, REBGV President,

 

“Government policy continues to hinder home sale activity. The federal government’s mortgage stress test has reduced buyers’ purchasing power...

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INFOGRAPHICS: March 2019 REBGV Greater Vancouver Market Reports
March 2019 REBGV Greater Vancouver Market Reports

And in the blink of an eye, the first quarter of the year is behind us. Meanwhile, it’s once again time for our monthly market update for areas covered by the Real Estate Board of Greater Vancouver (REBGV)!

According to REBGV’s latest news release, Metro Vancouver home sales dipped to the lowest levels seen in March in more than three decades.

The board reports that residential home sales in the region totalled 1,727 in March 2019, a 31.4% decrease from the 2,517 sales recorded in March 2018, and a 16.4% increase from the 1,484 homes sold in February 2019.

As noted by REBGV president Ashley Smith,

 

“Housing demand today isn’t aligning with our growing economy and low unemployment rates. The market trends we’re seeing are largely policy induced.

For three years,...

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INFOGRAPHICS: February 2019 REBGV Greater Vancouver Market Reports
INFOGRAPHICS: February 2019 REBGV Greater Vancouver Market Reports

Spring Forward! It’s time for our monthly housing market stats for areas covered by the Real Estate Board of Greater Vancouver (REBGV)!

According to REBGV’s latest release, the Metro Vancouver housing market saw increased supply from home sellers and below average demand from home buyers in February, and last month’s sales were 42.5% below the 10-year February sales average.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 11,590, a 48.2% increase compared to February 2018 (7,822) and a 7.2% increase compared to January 2019 (10,808).

For all property types, the sales-to-active listings ratio for February 2019 is 12.8%.

REBGV President Phil Moore notes,

“For much of the past four years, we’ve been in a sellers’ market. Conditions...

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INFOGRAPHICS: January 2019 REBGV Greater Vancouver Market Reports
INFOGRAPHICS: January 2019 REBGV Greater Vancouver Market Reports

Once again, it’s that time of the month to check on how the market has been doing. Here are the latest housing market stats for areas covered by the Real Estate Board of Greater Vancouver (REBGV)!

According to REBGV’s most recent press release, home listings continue to increase across all housing categories in the Metro Vancouver housing market while home buyer activity remains below historical averages.

They have cited that January 2019 sales were 36.3% below the 10-year January sales average and were the lowest January-sales total since 2009.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12% mark for a sustained period, while home prices often experience upward pressure when it surpasses 20% over several months.

Meanwhile, as...

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INFOGRAPHICS: December 2018 REBGV Greater Vancouver Market Reports
INFOGRAPHICS: December 2018 REBGV Greater Vancouver Market Reports

Starting fresh! Here are the latest housing market stats for areas covered by the Real Estate Board of Greater Vancouver (REBGV)!

According to the REBGV’s latest press release, Metro Vancouver home sales in 2018 were the lowest annual total in the region since 2000.

They are reporting that in 2018, sales of detached, attached, and apartment properties reached 24,619 on the MLS, which was a 31.6% decrease compared to the 35,993 recorded in 2017. 2018’s sales total was also 25% below the region’s 10-year sales average.

For the month of December, REBGV also reports that residential home sales in the region totaled 1,072, a 46.8% decrease from the 2,016 sales the previous year, and a 33.3% decrease from November 2018 when 1,608 homes sold. December 2018 sales were also 43.3% below the...

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INFOGRAPHICS: November 2018 REBGV Greater Vancouver Market Reports
INFOGRAPHICS: November 2018 REBGV Greater Vancouver Market Reports

Here are the latest housing market stats for areas covered by the Real Estate Board of Greater Vancouver (REBGV)!

According to their most recent press release, home buyer demand within the Metro Vancouver housing market still remains below long-term historical averages. November 2018 sales was the lowest sales for the month since 2008, and were also 34.7% below the 10-year November sales average.

REBGV president, Phil Moore has noted,

“Home buyers have been taking a wait-and-see approach for most of 2018. This has allowed the number of homes available for sale in the region to return to more typical historical levels. This activity is helping home prices edge down, across all property types, from the record highs we’ve experienced over the last year.”

He also adds,


“Home...

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INFOGRAPHICS: October 2018 REBGV Greater Vancouver Market Reports
INFOGRAPHICS: October 2018 REBGV Greater Vancouver Market Reports

As we approach the last several weeks of the year, the Real Estate Board of Greater Vancouver (REBGV) has reported that home sales across Metro Vancouver is still below long-term historical averages during October 2018.

In their most recent press release, Phil Moore, REBGV president, stated:

“The supply of homes for sale today is beginning to return to levels that we haven’t seen in our market in about four years. For home buyers, this means you have more selection to choose from. For sellers, it means your home may face more competition, from other listings, in the marketplace.”

He has also noted that home prices for different housing types have been edging down between 3% to 5% since June. According to him, this is “providing a little relief for those looking to buy compared...

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INFOGRAPHICS: September 2018 REBGV Greater Vancouver Market Reports

As we welcome the final quarter of the year, here are the latest market trends in areas covered by the Real Estate Board of Greater Vancouver (REBGV).

According to REBGV’s latest press release, September 2018 saw more supply and less demand across the Metro Vancouver housing market. It states that “the supply of homes for sale continued to increase… while home buyer demand remained below typical levels for this time of year.”

In fact, last month’s sales are reported to be 36.1% below the 10-year September sales average.

According to REBGV president-elect Ashley Smith:

“Fewer home sales are allowing listings to accumulate and prices to ease across the Metro Vancouver housing market. There’s more selection for home buyers to choose from today. Since spring,...

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.