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September 2020 Real Estate Statistics for Downtown Vancouver

October 5th, 2020

This is all you need to know - Activity is Up, Inventory is Up, and Prices are Down.

With record low interest rates, September saw record activity. We also have record levels of inventory which has created the first truly balanced market in years.

Focusing on the Downtown Vancouver condo market in September 2020, there is activity in all price brackets and properties are moving if peopl ...

August 2020 Real Estate Statistics for Downtown Vancouver

September 2nd, 2020

Don’t let the graph fool you - Downtown Vancouver real estate is changing. 

This is the first time since May 2014 that we have seen over 1000 active listings in Downtown Vancouver. 

Just for reference when the condo market was quite hot in August 2017 we had 382 active listings and the $600,000 to $700,000 price bracket was selling at 47%. Today we have 1085 listings and the $600,000 to ...

July 2020 Real Estate Statistics for Downtown Vancouver

August 6th, 2020

The Real Estate Board of Greater Vancouver (REBGV) reported that residential home sales in July 2020 totalled 3,128, a 28% increase from the previous month, and a 22.3% increase from July 2019. Please note that this is for Greater Vancouver and not Vancouver proper. 

Focusing on the Downtown Vancouver condo market in July 2020, prices continue to hold strong and unit sales are similar to ...

May 2020 Real Estate Statistics for Downtown Vancouver

June 3rd, 2020

Home sales in the Greater Vancouver area continued their steep year-over-year drop last month, amid confinement measures and physical distancing requirements related to the COVID-19 pandemic.

The Real Estate Board of Greater Vancouver said Tuesday home sales totalled 1,485 in May, a nearly 44% decrease from May 2019 and 54% below the 10-year average for the month.

However, after John Ho ...

April 2020 Real Estate Statistics for Downtown Vancouver

May 4th, 2020

COVID-19 social-distancing measures led to April home sales dropping to a 38-year low in Metro Vancouver, according to the Real Estate Board of Greater Vancouver.  

April home sales totalled 1,109, which is a 39.5 per cent decrease from the 1,829 sales recorded in the same month last year and a 56.1 per cent decrease from the 2,524 homes sold in March.

Focusing on the Downtown Vanco ...

February 2020 Real Estate Statistics for Downtown Vancouver

March 4th, 2020

The Real Estate Board of Greater Vancouver says demand for properties remains healthy but listings have fallen almost 21% compared with the number of homes offered for sale last February. [At some price ranges] Metro Vancouver still a seller's market despite housing downturn.

Board president Ashley Smith said the condominium market was also the busiest across the region in February. Agen ...

December 2019 Real Estate Statistics for Downtown Vancouver

January 7th, 2020

As our provincial government has continually promised to devalue real estate in British Columbia, their tactics are certainly coming to reality, especially for the higher end properties. 

Residential property values across Metro Vancouver fell in 2019, with the value of all homes — including detached houses and condo units — decreasing by up to almost 16%.  That's according to B.C. Asses ...

November 2019 Real Estate Statistics for Downtown Vancouver

December 9th, 2019

After four months of rebounding sales activity, Metro Vancouver’s real estate market appears to be levelling off, according to new data from the Real Estate Board of Greater Vancouver (REBGV).  

The board released its November sales data Tuesday, which showed a 55.3 percent jump in sales across the region from the same month last year. However, after four months of sales gains, the numbe ...

September 2019 Real Estate Statistics for Downtown Vancouver

October 3rd, 2019

The Real Estate Board of Greater Vancouver says home sales jumped 46.3 per cent in September compared with last year to hit near average levels after a decline in prices.  

The board says 2,333 homes sold in the month, up from 1,595 sales last year, to come in at a level just 1.7 per cent below the 10-year average for September.

However, prices across all home types in Greater Vanco ...

August 2019 Real Estate Statistics for Downtown Vancouver

September 4th, 2019

Home sales in Metro Vancouver were slightly up this summer compared with last year, according to the Real Estate Board of Greater Vancouver.

There were 2,231 residential properties sold in August, a 15.7 per cent increase over the same month last year, the board said in a report posted Wednesday.

Sales were up across all types of homes including detached, townhouses, and apartments. T ...

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