News: Vancouver Real Estate Market

Greater Vancouver real estate market update


A quick follow-up to last month's issue when I chose to focus on the primary reason for the current buyer's market, which generally is attributed to the B-20 mortgage stress test that the federal government’s banking regulator (OSFI) imposed.


In the interest of time and realizing most of my audience are busy with limited time to read a lengthy explanation on all the reasons, I chose to focus on the "primary" reason - which is by no means the only reason. Obviously the Feds had their reasons...

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Greater Vancouver real estate prices. MLS home price index graph


According to the latest stats released by the Greater Vancouver Real Estate Board, February sales were 42.5% below the 10-year sales average which saw an increase of supply from sellers and lower than average demand from home buyers.


Well priced homes are in Metro Vancouver are attracting interest, with increased traffic at open houses. Time will tell however if this trend leads to higher sales activity during the spring market.


Detached homes sales in February 2019 reached 448, a 27.9% year over...

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Yes we've all heard it's a buyer's market. But what does that mean in regards to prices? Year over year prices are down. The closer you are to Vancouver the higher the percentage decrease. The following info graphic shows the percentage change for detached single family homes in Greater Vancouver and the Fraser Valley.


Year over year MLS prices for single family homes in Greater Vancouver


If you would like to know what prices are doing for condos, please get in touch and I would be happy to send you the info.

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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.