June 2019 Real Estate Statistics for Downtown Vancouver

July 8th, 2019

As the Real Estate Board of Greater Vancouver reports, home sales are down across the Lower Mainland and for the first time in three years the composite benchmark price of a home in Metro Vancouver is below $1 million.  

Both the Real Estate Board of Greater Vancouver (REBGV) and the Fraser Valley Real Estate Board (FVREB) reported lower than average sales for the month of June. In Great ...

May 2019 Real Estate Statistics for Downtown Vancouver

June 4th, 2019

Well its officially here, the new normal in Downtown Vancouver, which is now a “balanced market” as 17 condos out of 100 are selling. However, just to be clear, most of the units selling are in the under $900,000 bracket so that means that it’s a balanced market for studios, 1 bedroom condos and smaller 2 bedrooms. The luxury market remains a buyers’ market and that won’t change anytime soo ...

April 2019 Real Estate Statistics for Downtown Vancouver

May 2nd, 2019

April 2019 Real Estate Statistics for Downtown Vancouver

Some of my clients have said that my emails are too negative about the realities of the Vancouver real estate market. So in order to make everyone happy I wanted to tell you sales are up, prices are up and everyone’s net worth is up. If you are happy with my email please stop reading. If you want the truth about Vancouver real estate, ...

Metro Vancouver home sales dipped to the lowest levels seen in more than three decades.

April 2nd, 2019

Metro Vancouver home sales dipped to the lowest levels seen in more than three decades.

The Real Estate Board of Greater Vancouver 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.

Last month’s sales were 46.3% below the 10-year ...

February 2019 Vancouver Condo Real Estate Statistics Yaletown Downtown by Ian Watt

March 2nd, 2019


Things are looking great for buyers because its official, we are now in a Buyer’s Market!!! The market has switched to a “Buyer’s Market” as there is a large surplus of condos for sale and only 1 in 10 condos are actually selling in Downtown Vancouver.

Some good news for sellers. Those who are listening to their realtors and pricing their homes correctly are selling on average in 17 days ...

January 2019 Vancouver Condo Real Estate Statistics Yaletown Downtown

February 7th, 2019

What a difference a year can make. The January 2019 statistics are in and median prices are starting to plateau down approximately 20% from the peak.

It has been an entire year since the prices started their downward slide and sellers who are listening to the experts are selling without issue. The problem is 85% of the listings downtown are priced by the owners not by their realtors and of c ...