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News Release
FOR IMMEDIATE RELEASE


Greater Vancouver at lower end of balanced housing market
VANCOUVER, B.C. – November 2, 2011 – With a sales-to-active property listings ratio of 15 per cent, the Greater
Vancouver housing market continues to hover at the lower end of a balanced market and has been trending in that
direction over the past five months.
   The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached
and apartment properties on the region’s Multiple Listing Service® (MLS®) system reached 2,317 in October, a 1
per cent decrease compared to the 2,337 sales in October 2010 and a 3.2 per cent increase compared to the previous
month. Those sales rank as the second lowest total for October over the last 10 years.
   “Right now, prospective home buyers have a good selection of properties to choose from and more time to make
decisions,” Rosario Setticasi, REBGV president said. “Home sellers should be mindful of local market conditions to
ensure they are pricing their properties competitively.”
   New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,374 in October, which
is on par with the 10-year average. This represents an 18.3 per cent increase compared to October 2010, when 3,698
properties were listed for sale on the MLS®, and a 23 per cent decrease compared to the 5,680 new listings reported
in September 2011.
   The total number of properties listed for sale on the Greater Vancouver MLS® system currently sits at 15,377,
which is 9.3 per cent higher than the 14,075 properties listed for sale during the same period last year. October was the
first month that the total number of property listings showed a decrease this year.
   The MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver over
the last 12 months has increased 7.5 per cent to $622,955 in October 2011 from $579,349 in October 2010. However,
since reaching a peak in June of $630,921, the benchmark price for all residential properties in the region has declined
1.3 per cent.
   Sales of detached properties in October reached 974, which represents virtually no change from the 976 detached
sales recorded in October 2010, and a 34.5 per cent decrease from the 1,487 units sold in October 2009. The bench-
mark price for detached properties increased 11 per cent from October 2010 to $884,778, but decreased 1.3 per cent
compared to the previous month.
   Sales of apartment properties reached 958 in October, a 2.6 per cent decrease compared to the 984 sales in Octo-
ber 2010, and a decrease of 40.4 per cent compared to the 1,607 sales in October 2009. The benchmark price of an
apartment property increased 3.2 per cent from October 2010 to $402,702, but decreased 0.7 per cent compared to the
previous month.
   Attached property sales in October totalled 382, a 1.3 per cent increase compared to the 377 sales in October 2010,
and a 37.4 per cent decrease from the 610 attached properties sold in October 2009. The benchmark price of an at-
tached unit increased 6.5 per cent between October 2010 and 2011 to $519,455, and increased half a per cent com-
pared to the previous month.


                                                                           -30-

    The real estate industry is a key economic driver in British Columbia. In 2010, 30,595 homes changed ownership in the Board's area, generating
    $1.28 billion in spin-off activity and 8,567 jobs. The total dollar value of residential sales transacted through the MLS® system in Greater Vancou-
    ver totalled $21 billion in 2010. The Real Estate Board of Greater Vancouver is an association representing more than 10,000 REALTORS® and
    their companies. The Board provides a variety of member services, including the Multiple Listing Service®. For more information on real estate,
    statistics, and buying or selling a home, contact a local REALTOR® or visit www.rebgv.org.



For more information please contact:
Jesse Lalime, Communication Coordinator
Real Estate Board of Greater Vancouver
Phone: (604) 730-3077 Fax: (604) 730-3102
E-mail: jlalime@rebgv.org                                                                            also available at  www.realtylink.org
Preliminary Report                                                     MLSLINK HOUSING PRICE INDEX
                                                                                                          October 2011
 PROPERTY                                                                    BENCHMARK PRICE 3 MONTH AVG PRICE 1 YEAR  3 YEAR 5 YEAR 10 YEAR
   TYPE                                       AREA                              PRICE    RANGE BENCHMARK INDEX CHANGE CHANGE CHANGE CHANGE
                                                                                          (+/-)   PRICE           %       %      %      %
Residential              Greater Vancouver                                     $622,955    0.7%  $625,509  263.1  7.5    20.1   28.9  159.0
Detached                 Greater Vancouver                                     $884,778    1.6%  $889,907  261.3 11.0    27.1   36.0  156.3
                         Burnaby                                               $897,477    2.5%  $921,648  264.2 11.2    30.9   37.0  159.0
                         Coquitlam                                             $709,242    7.6%  $716,702  249.5  4.8    13.2   21.9  149.1
                         South Delta                                           $734,585    4.1%  $735,112  240.0 12.0    26.9   27.3  143.0
                         Maple Ridge                                           $444,862    3.6%  $450,167  202.9  2.1     3.6    8.7  102.4
                         New Westminster                                       $657,760    4.0%  $641,271  271.1 12.2    21.2   27.3  171.6
                         North Vancouver                                       $952,809    2.6%  $965,418  238.0  4.0    18.7   29.0  132.1
                         Pitt Meadows                                          $533,827    9.3%  $522,436  219.1  0.1    12.6   24.0  114.0
                         Port Coquitlam                                        $520,761    8.6%  $554,024  220.1 -5.5    -1.6   10.5  119.1
                         Port Moody                                            $751,443    9.5%  $768,386  225.9  9.5    38.6   18.8  117.6
                         Richmond                                             $1,075,391   2.3% $1,085,099 317.5 18.3    44.7   64.0  210.2
                         Squamish                                              $473,844   11.7%  $470,209  180.0 -7.1   -10.0    8.5   73.9
                         Sunshine Coast                                        $410,407    6.3%  $408,789  233.5  1.0    -4.4   11.1  143.1
                         Vancouver East                                        $856,411    2.2%  $840,632  290.1 16.2    34.2   41.7  186.2
                         Vancouver West                                       $2,008,702   2.7% $2,000,949 333.3 23.4    57.0   77.8  226.7
                         West Vancouver                                       $1,694,470   4.1% $1,723,809 249.6 19.9    48.5   32.7  131.5
Attached                 Greater Vancouver                                     $519,455    1.0%  $515,862  252.0  6.5    15.9   26.6  151.0
                         Burnaby                                               $500,075    1.6%  $504,947  250.5  3.4    10.8   28.1  152.5
                         Coquitlam                                             $469,713    3.0%  $468,311  253.4 12.8    17.5   23.4  161.3
                         South Delta                                           $486,491    7.0%  $481,024  260.5  3.6    15.2   28.1  159.1
                         Maple Ridge & Pitt Meadows                            $306,660    2.6%  $310,346  212.7  3.1     0.3    7.0  114.8
                         North Vancouver                                       $659,978    3.2%  $634,526  258.3 13.3    15.2   24.9  151.0
                         Port Coquitlam                                        $410,055    3.0%  $406,612  225.5 -0.7     7.3   18.6  123.3
                         Port Moody                                            $403,182    3.7%  $398,041  240.6 -2.2     4.3   14.0  125.8
                         Richmond                                              $548,090    1.8%  $547,059  264.3  6.9    23.5   37.0  160.7
                         Vancouver East                                        $555,452    3.3%  $556,160  259.7  3.2    12.0   31.1  150.8
                         Vancouver West                                        $857,108    3.8%  $832,393  305.8 13.7    35.9   36.3  210.1
Apartment                Greater Vancouver                                     $402,702    0.6%  $405,243  262.0  3.2    12.4   20.8  159.6
                         Burnaby                                               $368,591    1.4%  $370,676  275.5  5.0    14.4   26.0  169.3
                         Coquitlam                                             $298,784    2.2%  $293,895  254.8  4.4     7.7   14.7  148.4
                         South Delta                                           $417,287    4.8%  $388,816  271.8 21.9    27.1   40.5  180.6
                         Maple Ridge & Pitt Meadows                            $229,594    3.9%  $240,246  243.8 -5.9    -5.1   -2.2  128.1
                         New Westminster                                       $304,783    2.2%  $306,610  247.6  4.8     9.7   17.2  146.3
                         North Vancouver                                       $384,990    2.1%  $385,853  245.0  0.0     6.3   11.7  138.3
                         Port Coquitlam                                        $242,061    2.6%  $246,226  283.5 -3.6    -0.1    7.4  153.4
                         Port Moody                                            $307,891    3.0%  $309,992  262.7  3.9     9.2   12.6  149.0
                         Richmond                                              $358,687    1.5%  $358,912  291.5  6.2    20.0   28.3  188.7
                         Vancouver East                                        $335,370    2.1%  $339,680  274.6  2.5     4.1   20.5  177.8
                         Vancouver West                                        $517,991    1.2%  $522,816  263.5  2.3    15.5   22.5  161.1
                         West Vancouver                                        $682,887    9.4%  $718,698  245.0  9.1    17.9   20.3  146.5

HOW TO READ THE TABLE:
BENCHMARK PRICE: Estimated sale price of a benchmark property. Benchmarks represent a typical property within each market.
PRICE RANGE: Expresed as a + or - percentage of the benchmark price, there is a 90% probability the sale price of a benchmark house is within the interval.
PRICE INDEX: Index numbers estimate the percentage change in price on typical and constant quality properties over time. All figures are based on past sales.
In Year 2001, the indexes are averaged to 100
Key: * = Sales sample too small; Price information not reported.
Oct 2011
                                                                                                                                                                Jun 2011
                                                                                                                                                                Feb 2011
                                                                                                                                                                Oct 2010
                                                                                                                                                                Jun 2010
                                                                                                                                                                Feb 2010
                                                                                                                                                                Oct 2009
Price Index - Greater Vancouver




                                                                                                                                                                Jun 2009
                                                                                                                                                                Feb 2009
                                                                                                                                                                Oct 2008
                                                         Apartment




                                                                                                                                                                Jun 2008
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                                                                                                                                                                Oct 2007
                                                                                                                                                                Jun 2007
 10 Year Trend




                                                                                                                                                                Feb 2007
                                                         Attached




                                                                                                                                                                Oct 2006
                                                                                                                                                                Jun 2006
                                                                                                                                                                Feb 2006
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                                                         Detached




                                                                                                                                                                Jun 2005
C:DATAMonthEndHpiexporthi_resgv-hpi2.tif Housing




                                                                                                                                                                Feb 2005
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                                 MLS®




                                                                                                                                                                Feb 2004
                                                                                                                                                                Oct 2003
                                                                                                                                                                Jun 2003
                                                                                                                                                                Feb 2003
                                                                     Year 2001 average = 100




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                                                                                                                                                                Jun 2002
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                                                                                                                       Price Index
10               18      2011                                                                                              MLS® SALES Facts
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                                                                      Delta -
                                                                                        Islands
                            Detached        93          85             35                 6                 85                        29                  92                  35                  18                      106            16           32                126                 120                   90                        6                   974
                  Number
                    of      Attached        61          30              6                 0                 36                         7                  25                  19                  26                       63            6            0                  37                  45                    4                       17                   382
   October         Sales    Apartment      122          57             13                 0                 18                        67                  86                  24                  21                       94            1            5                  99                 327                   13                       11                   958
    2011                    Detached    $910,000     $730,000       $725,000             n/a             $477,500                $658,500              $912,000            $540,556               n/a                   $999,999         n/a       $427,500           $837,500           $2,220,000           $1,800,000                   n/a
                  Median
                  Selling   Attached    $463,900     $509,775          n/a               n/a             $289,649                     n/a              $670,000               n/a              $479,750                 $549,900         n/a          n/a             $608,000           $975,000                 n/a                      n/a                  n/a
                   Price    Apartment   $348,650     $314,900          n/a               n/a                n/a                  $303,000              $382,250            $229,500            $345,000                 $343,000         n/a          n/a             $342,900           $475,000                 n/a                      n/a
                            Detached        74         106             32                 6                 77                        29                  79                  35                  15                      109            17           46                141                 104                   71                       16                   957
                  Number
                    of      Attached        49          17              7                 0                 30                         9                  35                  24                  14                       63            6            6                  32                  52                    3                       20                   367
 September         Sales    Apartment      137          55             10                 0                 22                        68                  48                  25                  22                      104            1            6                  82                 317                   11                       14                   922
   2011                     Detached    $1,006,500   $690,000       $676,000             n/a             $488,000                $635,000              $950,000            $536,000               n/a               $1,025,000           n/a       $377,500           $885,000           $2,012,500           $1,830,000                   n/a
                  Median
                  Selling   Attached    $495,000        n/a            n/a               n/a             $305,771                     n/a              $649,000            $407,000               n/a                   $559,000         n/a          n/a             $600,000           $900,000                 n/a                   $550,000                n/a
                   Price    Apartment   $350,000     $270,500          n/a               n/a             $215,975                $312,500              $367,500            $237,000            $329,000                 $348,500         n/a          n/a             $340,000           $474,000                 n/a                      n/a
                            Detached        74          94             34                 2                 76                        31                  77                  25                  20                      133            11           44                124                 161                   59                       11                   976
                  Number
                    of      Attached        52          23              7                 0                 27                         8                  21                  25                  13                       85            9            7                  33                  51                    7                        9                   377
   October         Sales    Apartment      132          56             18                 0                 18                        60                  79                  18                  21                      133            4            2                  82                 337                   15                        9                   984
    2010                    Detached    $756,250     $627,000       $562,500             n/a             $470,000                $599,900              $885,000            $520,000            $770,000                 $854,000         n/a       $401,750           $735,000           $1,700,000           $1,500,000                   n/a
                  Median
                  Selling   Attached    $480,000     $443,000          n/a               n/a             $297,765                     n/a              $536,000            $369,750               n/a                   $495,000         n/a          n/a             $565,000           $738,500                 n/a                      n/a                  n/a
                   Price    Apartment   $365,000     $270,500          n/a               n/a                n/a                  $291,700              $380,000               n/a              $314,000                 $343,000         n/a          n/a             $320,000           $474,000                 n/a                      n/a
                            Detached      1,133       1,166           548                32                983                        303               1,062                398                 202                     1,544          156          394               1,612               1,803                1,059                      88                  12,483
                  Number
                    of      Attached       739         470             75                 1                424                        117                324                 204                 201                      896            77           37                366                 654                   52                      138                  4,775
   Jan. -          Sales    Apartment     1,603        615            132                 0                238                        761                753                 253                 238                     1,372           31           50               1,004               3,799                 184                       78                  11,111
  Oct. 2011                 Detached    $899,000     $709,000       $660,000          $552,500           $483,000                $622,500              $920,000            $539,900            $818,000                 $998,000      $483,000     $395,000           $825,000           $2,061,500           $1,788,000                $850,000
                  Median
                  Selling   Attached    $490,000     $450,450       $447,000             n/a             $306,771                $411,500              $634,000            $390,000            $433,000                 $546,400      $345,000     $272,500           $600,000           $870,000             $1,119,500                $576,250                n/a
Year-to-date       Price    Apartment   $355,000     $290,000       $338,000             n/a             $214,410                $301,750              $365,000            $239,000            $335,000                 $352,650      $231,000     $302,000           $344,000           $488,000             $729,000                  $235,500
                            Detached       911         895            408                27                956                        266                812                 365                 196                     1,436          146          439               1,410               1,490                 596                       79                  10,432
                  Number
                    of      Attached       672         333             79                 0                376                        84                 311                 213                 175                      980            94           52                383                 598                   66                      115                  4,531
   Jan. -          Sales    Apartment     1,520        587            149                 0                224                        721                744                 272                 250                     1,577           55           40               1,044               3,835                 141                       65                  11,224
  Oct. 2010                 Detached    $775,000     $655,000       $635,000          $417,000           $485,000                $591,250              $875,000            $526,500            $765,500                 $836,500      $490,000     $412,500           $743,000           $1,680,000           $1,495,000                $825,000
                  Median
                  Selling   Attached    $476,500     $463,000       $416,500             n/a             $305,000                $413,250              $590,000            $380,000            $450,000                 $493,000      $376,000     $279,500           $555,000           $779,950             $1,049,167                $503,000                n/a
 Year-to-date      Price    Apartment   $344,500     $278,500       $326,000             n/a             $232,000                $289,500              $375,000            $237,000            $344,900                 $335,000      $264,000     $227,500           $327,000           $465,000             $670,000                  $293,000


Note: Median Selling Prices are not reported for areas with less than 20 sales or for the Gulf Islands
10               18       2011                                                                      MLS® LISTINGS Facts
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                                                                 Delta -
                                                                                 Islands
                              Detached    140      167            37               8              202                          38               116                 52                33                    216          38          69               199               296                149                      26                  1,786
                  Number
                     of       Attached     93       64             6               3               56                          13                52                 35                20                    140          12           8                47                94                 15                      38                   696
   October        Listings    Apartment   223      134            22               0               43                         116               140                 75                43                    199          26           4               170               631                 20                      36                  1,882
    2011                      Detached    66%      51%           95%             75%              42%                         76%               79%                67%               55%                    49%          42%        46%               63%               41%                60%                     23%
                 % Sales to
                              Attached    66%      47%           100%            0%               64%                         54%               48%                54%               130%                   45%          50%         0%               79%               48%                27%                     45%                   n/a
                  Listings
                              Apartment   55%      43%           59%             n/a              42%                         58%               61%                32%               49%                    47%          4%         125%              58%               52%                65%                     31%
                              Detached    214      207            73              12              207                          40               204                 73                47                    339          35          82               277               386                189                      21                  2,406
                  Number
                     of       Attached    141       80            16               0               51                          20                69                 37                36                    149           8           3                83               130                 12                      40                   875
 September        Listings    Apartment   279      144            27               0               42                         141               196                 74                68                    299          21          31               227               785                 34                      31                  2,399
   2011                       Detached    35%      51%           44%             50%              37%                         73%               39%                48%               32%                    32%          49%        56%               51%               27%                38%                     76%
                 % Sales to
                              Attached    35%      21%           44%             n/a              59%                         45%               51%                65%               39%                    42%          75%        200%              39%               40%                25%                     50%                   n/a
                  Listings
                              Apartment   49%      38%           37%             n/a              52%                         48%               24%                34%               32%                    35%          5%         19%               36%               40%                32%                     45%
                              Detached    132      115            51               4              151                          39               125                 49                32                    175          20          66               139               188                102                      26                  1,414
                  Number
                     of       Attached     87       42             6               0               68                           4                46                 18                19                    101          17           6                54                91                   9                     21                   589
   October        Listings    Apartment   202      111            19               0               47                          85               117                 46                50                    238           6           3               149               582                 14                      26                  1,695
    2010                      Detached    56%      82%           67%             50%              50%                         79%               62%                51%               63%                    76%          55%        67%               89%               86%                58%                     42%
                 % Sales to
                              Attached    60%      55%           117%            n/a              40%                         200%              46%                139%              68%                    84%          53%        117%              61%               56%                78%                     43%                   n/a
                  Listings
                              Apartment   65%      50%           95%             n/a              38%                         71%               68%                39%               42%                    56%          67%        67%               55%               58%                107%                    35%
                              Detached    1,906    2,009         809             146              2,079                       443               1,693              652               426                    3,448        421        1,103             2,672             3,336              1,847                   286                  23,276
                  Number
                     of       Attached    1,281    776           120               3              695                         192               561                352               373                    1,765        179         86               608               1,225              111                     416                  8,743
   Jan. -         Listings    Apartment   2,871    1,364         230              10              565                         1,414             1,574              660               560                    2,830        228        163               1,918             7,588              342                     352                  22,669
  Oct. 2011                   Detached    59%      58%           68%             22%              47%                         68%               63%                61%               47%                    45%          37%        36%               60%               54%                57%                     31%
                 % Sales to
                              Attached    58%      61%           63%             33%              61%                         61%               58%                58%               54%                    51%          43%        43%               60%               53%                47%                     33%                   n/a
                  Listings
 Year-to-date*                Apartment   56%      45%           57%             0%               42%                         54%               48%                38%               43%                    48%          14%        31%               52%               50%                54%                     22%
                              Detached    1,811    1,891         767             167              2,076                       490               1,604              726               436                    2,615        398        1,187             2,653             2,787              1,423                   309                  21,340
                  Number
                     of       Attached    1,206    671           134              19              724                         112               591                386               338                    1,561        216        108               684               1,302              136                     351                  8,539
   Jan. -         Listings    Apartment   2,978    1,356         248               3              612                         1,465             1,572              610               631                    2,930        168         90               1,949             8,126              343                     320                  23,401
  Oct. 2010                   Detached    50%      47%           53%             16%              46%                         54%               51%                50%               45%                    55%          37%        37%               53%               53%                42%                     26%
                 % Sales to
                              Attached    56%      50%           59%             0%               52%                         75%               53%                55%               52%                    63%          44%        48%               56%               46%                49%                     33%                   n/a
                  Listings
 Year-to-date*                Apartment   51%      43%           60%             0%               37%                         49%               47%                45%               40%                    54%          33%        44%               54%               47%                41%                     20%


* Year-to-date listings represent a cumulative total of listings rather than total active listings.
Listing & Sales Activity Summary

                                        Listings                                           Sales
                              1         2       3        Col. 2 & 3     5      6      7     Col. 6 & 7       9           10        Col. 9 & 10
                             Oct      Sep      Oct      Percentage     Oct   Sep     Oct   Percentage    Aug 2010 -   Aug 2011 -   Percentage
                            2010      2011    2011       Variance     2010   2011   2011    Variance     Oct 2010     Oct 2011      Variance


BURNABY                                                      %                                  %                                       %
DETACHED                     132       214     140         -34.6        74     74     93       25.7          238          263          10.5
ATTACHED                      87       141      93         -34.0        52     49     61       24.5          149          176          18.1
APARTMENTS                   202       279     223         -20.1       132    137    122      -10.9          409          428           4.6

COQUITLAM
DETACHED                     115       207     167         -19.3        94    106     85      -19.8          234          303          29.5
ATTACHED                      42        80      64         -20.0        23     17     30       76.5           72           93          29.2
APARTMENTS                   111       144     134          -6.9        56     55     57        3.6          155          163           5.2

DELTA
DETACHED                      51        73         37      -49.3        34     32     35        9.4          106          115           8.5
ATTACHED                       6        16          6      -62.5         7      7      6      -14.3           23           24           4.3
APARTMENTS                    19        27         22      -18.5        18     10     13       30.0           44           41          -6.8

MAPLE RIDGE/PITT MEADOWS
DETACHED                     151       207     202          -2.4        76     77     85       10.4          237          270          13.9
ATTACHED                      68        51      56           9.8        27     30     36       20.0          105           97          -7.6
APARTMENTS                    47        42      43           2.4        18     22     18      -18.2           46           64          39.1

NORTH VANCOUVER
DETACHED                     125       204     116         -43.1        77     79     92       16.5          197          244          23.9
ATTACHED                      46        69      52         -24.6        21     35     25      -28.6           69           83          20.3
APARTMENTS                   117       196     140         -28.6        79     48     86       79.2          209          197          -5.7

NEW WESTMINSTER
DETACHED                      39        40      38          -5.0        31     29     29        0.0           81           81           0.0
ATTACHED                       4        20      13         -35.0         8      9      7      -22.2           18           22          22.2
APARTMENTS                    85       141     116         -17.7        60     68     67       -1.5          171          201          17.5

PORT MOODY/BELCARRA
DETACHED                      32        47         33      -29.8        20     15     18       20.0           45           52          15.6
ATTACHED                      19        36         20      -44.4        13     14     26       85.7           39           64          64.1
APARTMENTS                    50        68         43      -36.8        21     22     21       -4.5           67           59         -11.9

PORT COQUITLAM
DETACHED                      49        73         52      -28.8        25     35     35        0.0           74           96          29.7
ATTACHED                      18        37         35       -5.4        25     24     19      -20.8           55           58           5.5
APARTMENTS                    46        74         75        1.4        18     25     24       -4.0           54           72          33.3

RICHMOND
DETACHED                     175       339     216         -36.3       133    109    106       -2.8          367          310         -15.5
ATTACHED                     101       149     140          -6.0        85     63     63        0.0          253          195         -22.9
APARTMENTS                   238       299     199         -33.4       133    104     94       -9.6          408          294         -27.9

SUNSHINE COAST
DETACHED                      66        82         69      -15.9        44     46     32      -30.4          126          117          -7.1
ATTACHED                       6         3          8      166.7         7      6      0     -100.0           16            8         -50.0
APARTMENTS                     3        31          4      -87.1         2      6      5      -16.7            9           13          44.4

SQUAMISH
DETACHED                      20        35         38        8.6        11     17     16       -5.9           31           46          48.4
ATTACHED                      17         8         12       50.0         9      6      6        0.0           31           22         -29.0
APARTMENTS                     6        21         26       23.8         4      1      1        0.0           11            6         -45.5

VANCOUVER EAST
DETACHED                     139       277     199         -28.2       124    141    126      -10.6          363          415          14.3
ATTACHED                      54        83      47         -43.4        33     32     37       15.6           94           92          -2.1
APARTMENTS                   149       227     170         -25.1        82     82     99       20.7          247          250           1.2

VANCOUVER WEST
DETACHED                     188       386     296         -23.3       161    104    120       15.4          438          354         -19.2
ATTACHED                      91       130      94         -27.7        51     52     45      -13.5          152          154           1.3
APARTMENTS                   582       785     631         -19.6       337    317    327        3.2          986          981          -0.5

WHISTLER
DETACHED                      26        21         26       23.8        11     16      6      -62.5           27           30          11.1
ATTACHED                      21        40         38       -5.0         9     20     17      -15.0           42           55          31.0
APARTMENTS                    26        31         36       16.1         9     14     11      -21.4           33           28         -15.2

WEST VANCOUVER/HOWE SOUND
DETACHED                     102       189     149         -21.2        59     71     90       26.8          161          241          49.7
ATTACHED                       9        12      15          25.0         7      3      4       33.3           16            9         -43.8
APARTMENTS                    14        34      20         -41.2        15     11     13       18.2           41           38          -7.3

GRAND TOTALS
DETACHED                    1410     2394    1778        -25.7        974    951    968        1.8       2725         2937             7.8
ATTACHED                     589      875     693        -20.8        377    367    382        4.1       1134         1152             1.6
APARTMENTS                  1695     2399    1882        -21.6        984    922    958        3.9       2890         2835            -1.9
Residential Average Sale Prices - January 1977 to October 2011
                                                DETACHED                 CONDOMINIUM                  ATTACHED                 APARTMENTS
  IN THOUSANDS ($)


1400


                                                                                                                                                                         $1,162,349


1200




1000




800



                                                                                                                                                                           $571,425


600




400
                                                                                                                                                                           $446,296




200




  0
       1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011


       NOTE: From 1977 - 1984 condominium averages were not separated into attached & apartment.

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October 2011 REBGV Stats Mike Stewart

  • 1. News Release FOR IMMEDIATE RELEASE Greater Vancouver at lower end of balanced housing market VANCOUVER, B.C. – November 2, 2011 – With a sales-to-active property listings ratio of 15 per cent, the Greater Vancouver housing market continues to hover at the lower end of a balanced market and has been trending in that direction over the past five months. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) system reached 2,317 in October, a 1 per cent decrease compared to the 2,337 sales in October 2010 and a 3.2 per cent increase compared to the previous month. Those sales rank as the second lowest total for October over the last 10 years. “Right now, prospective home buyers have a good selection of properties to choose from and more time to make decisions,” Rosario Setticasi, REBGV president said. “Home sellers should be mindful of local market conditions to ensure they are pricing their properties competitively.” New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,374 in October, which is on par with the 10-year average. This represents an 18.3 per cent increase compared to October 2010, when 3,698 properties were listed for sale on the MLS®, and a 23 per cent decrease compared to the 5,680 new listings reported in September 2011. The total number of properties listed for sale on the Greater Vancouver MLS® system currently sits at 15,377, which is 9.3 per cent higher than the 14,075 properties listed for sale during the same period last year. October was the first month that the total number of property listings showed a decrease this year. The MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 7.5 per cent to $622,955 in October 2011 from $579,349 in October 2010. However, since reaching a peak in June of $630,921, the benchmark price for all residential properties in the region has declined 1.3 per cent. Sales of detached properties in October reached 974, which represents virtually no change from the 976 detached sales recorded in October 2010, and a 34.5 per cent decrease from the 1,487 units sold in October 2009. The bench- mark price for detached properties increased 11 per cent from October 2010 to $884,778, but decreased 1.3 per cent compared to the previous month. Sales of apartment properties reached 958 in October, a 2.6 per cent decrease compared to the 984 sales in Octo- ber 2010, and a decrease of 40.4 per cent compared to the 1,607 sales in October 2009. The benchmark price of an apartment property increased 3.2 per cent from October 2010 to $402,702, but decreased 0.7 per cent compared to the previous month. Attached property sales in October totalled 382, a 1.3 per cent increase compared to the 377 sales in October 2010, and a 37.4 per cent decrease from the 610 attached properties sold in October 2009. The benchmark price of an at- tached unit increased 6.5 per cent between October 2010 and 2011 to $519,455, and increased half a per cent com- pared to the previous month. -30- The real estate industry is a key economic driver in British Columbia. In 2010, 30,595 homes changed ownership in the Board's area, generating $1.28 billion in spin-off activity and 8,567 jobs. The total dollar value of residential sales transacted through the MLS® system in Greater Vancou- ver totalled $21 billion in 2010. The Real Estate Board of Greater Vancouver is an association representing more than 10,000 REALTORS® and their companies. The Board provides a variety of member services, including the Multiple Listing Service®. For more information on real estate, statistics, and buying or selling a home, contact a local REALTOR® or visit www.rebgv.org. For more information please contact: Jesse Lalime, Communication Coordinator Real Estate Board of Greater Vancouver Phone: (604) 730-3077 Fax: (604) 730-3102 E-mail: jlalime@rebgv.org also available at  www.realtylink.org
  • 2. Preliminary Report MLSLINK HOUSING PRICE INDEX October 2011 PROPERTY BENCHMARK PRICE 3 MONTH AVG PRICE 1 YEAR 3 YEAR 5 YEAR 10 YEAR TYPE AREA PRICE RANGE BENCHMARK INDEX CHANGE CHANGE CHANGE CHANGE (+/-) PRICE % % % % Residential Greater Vancouver $622,955 0.7% $625,509 263.1 7.5 20.1 28.9 159.0 Detached Greater Vancouver $884,778 1.6% $889,907 261.3 11.0 27.1 36.0 156.3 Burnaby $897,477 2.5% $921,648 264.2 11.2 30.9 37.0 159.0 Coquitlam $709,242 7.6% $716,702 249.5 4.8 13.2 21.9 149.1 South Delta $734,585 4.1% $735,112 240.0 12.0 26.9 27.3 143.0 Maple Ridge $444,862 3.6% $450,167 202.9 2.1 3.6 8.7 102.4 New Westminster $657,760 4.0% $641,271 271.1 12.2 21.2 27.3 171.6 North Vancouver $952,809 2.6% $965,418 238.0 4.0 18.7 29.0 132.1 Pitt Meadows $533,827 9.3% $522,436 219.1 0.1 12.6 24.0 114.0 Port Coquitlam $520,761 8.6% $554,024 220.1 -5.5 -1.6 10.5 119.1 Port Moody $751,443 9.5% $768,386 225.9 9.5 38.6 18.8 117.6 Richmond $1,075,391 2.3% $1,085,099 317.5 18.3 44.7 64.0 210.2 Squamish $473,844 11.7% $470,209 180.0 -7.1 -10.0 8.5 73.9 Sunshine Coast $410,407 6.3% $408,789 233.5 1.0 -4.4 11.1 143.1 Vancouver East $856,411 2.2% $840,632 290.1 16.2 34.2 41.7 186.2 Vancouver West $2,008,702 2.7% $2,000,949 333.3 23.4 57.0 77.8 226.7 West Vancouver $1,694,470 4.1% $1,723,809 249.6 19.9 48.5 32.7 131.5 Attached Greater Vancouver $519,455 1.0% $515,862 252.0 6.5 15.9 26.6 151.0 Burnaby $500,075 1.6% $504,947 250.5 3.4 10.8 28.1 152.5 Coquitlam $469,713 3.0% $468,311 253.4 12.8 17.5 23.4 161.3 South Delta $486,491 7.0% $481,024 260.5 3.6 15.2 28.1 159.1 Maple Ridge & Pitt Meadows $306,660 2.6% $310,346 212.7 3.1 0.3 7.0 114.8 North Vancouver $659,978 3.2% $634,526 258.3 13.3 15.2 24.9 151.0 Port Coquitlam $410,055 3.0% $406,612 225.5 -0.7 7.3 18.6 123.3 Port Moody $403,182 3.7% $398,041 240.6 -2.2 4.3 14.0 125.8 Richmond $548,090 1.8% $547,059 264.3 6.9 23.5 37.0 160.7 Vancouver East $555,452 3.3% $556,160 259.7 3.2 12.0 31.1 150.8 Vancouver West $857,108 3.8% $832,393 305.8 13.7 35.9 36.3 210.1 Apartment Greater Vancouver $402,702 0.6% $405,243 262.0 3.2 12.4 20.8 159.6 Burnaby $368,591 1.4% $370,676 275.5 5.0 14.4 26.0 169.3 Coquitlam $298,784 2.2% $293,895 254.8 4.4 7.7 14.7 148.4 South Delta $417,287 4.8% $388,816 271.8 21.9 27.1 40.5 180.6 Maple Ridge & Pitt Meadows $229,594 3.9% $240,246 243.8 -5.9 -5.1 -2.2 128.1 New Westminster $304,783 2.2% $306,610 247.6 4.8 9.7 17.2 146.3 North Vancouver $384,990 2.1% $385,853 245.0 0.0 6.3 11.7 138.3 Port Coquitlam $242,061 2.6% $246,226 283.5 -3.6 -0.1 7.4 153.4 Port Moody $307,891 3.0% $309,992 262.7 3.9 9.2 12.6 149.0 Richmond $358,687 1.5% $358,912 291.5 6.2 20.0 28.3 188.7 Vancouver East $335,370 2.1% $339,680 274.6 2.5 4.1 20.5 177.8 Vancouver West $517,991 1.2% $522,816 263.5 2.3 15.5 22.5 161.1 West Vancouver $682,887 9.4% $718,698 245.0 9.1 17.9 20.3 146.5 HOW TO READ THE TABLE: BENCHMARK PRICE: Estimated sale price of a benchmark property. Benchmarks represent a typical property within each market. PRICE RANGE: Expresed as a + or - percentage of the benchmark price, there is a 90% probability the sale price of a benchmark house is within the interval. PRICE INDEX: Index numbers estimate the percentage change in price on typical and constant quality properties over time. All figures are based on past sales. In Year 2001, the indexes are averaged to 100 Key: * = Sales sample too small; Price information not reported.
  • 3. Oct 2011 Jun 2011 Feb 2011 Oct 2010 Jun 2010 Feb 2010 Oct 2009 Price Index - Greater Vancouver Jun 2009 Feb 2009 Oct 2008 Apartment Jun 2008 Feb 2008 Oct 2007 Jun 2007 10 Year Trend Feb 2007 Attached Oct 2006 Jun 2006 Feb 2006 Oct 2005 Detached Jun 2005 C:DATAMonthEndHpiexporthi_resgv-hpi2.tif Housing Feb 2005 Oct 2004 Jun 2004 MLS® Feb 2004 Oct 2003 Jun 2003 Feb 2003 Year 2001 average = 100 Oct 2002 Jun 2002 Feb 2002 Oct 2001 80 280 260 240 220 200 180 160 140 120 100 Price Index
  • 4. 10 18 2011 MLS® SALES Facts Sound dows owe er itt Mea st elcarra est m ast ast berton uver ouver/H October y - Gulf ish estmin lam Ridge/P oody/B ond ine Co South oquitla uver E uver W Vanco er/Pem 2011 t Vanc Burnab Vanco Vanco Wes Coquit Maple New W North Port C Port M Richm Squam Sunsh Whistl Delta - Islands Detached 93 85 35 6 85 29 92 35 18 106 16 32 126 120 90 6 974 Number of Attached 61 30 6 0 36 7 25 19 26 63 6 0 37 45 4 17 382 October Sales Apartment 122 57 13 0 18 67 86 24 21 94 1 5 99 327 13 11 958 2011 Detached $910,000 $730,000 $725,000 n/a $477,500 $658,500 $912,000 $540,556 n/a $999,999 n/a $427,500 $837,500 $2,220,000 $1,800,000 n/a Median Selling Attached $463,900 $509,775 n/a n/a $289,649 n/a $670,000 n/a $479,750 $549,900 n/a n/a $608,000 $975,000 n/a n/a n/a Price Apartment $348,650 $314,900 n/a n/a n/a $303,000 $382,250 $229,500 $345,000 $343,000 n/a n/a $342,900 $475,000 n/a n/a Detached 74 106 32 6 77 29 79 35 15 109 17 46 141 104 71 16 957 Number of Attached 49 17 7 0 30 9 35 24 14 63 6 6 32 52 3 20 367 September Sales Apartment 137 55 10 0 22 68 48 25 22 104 1 6 82 317 11 14 922 2011 Detached $1,006,500 $690,000 $676,000 n/a $488,000 $635,000 $950,000 $536,000 n/a $1,025,000 n/a $377,500 $885,000 $2,012,500 $1,830,000 n/a Median Selling Attached $495,000 n/a n/a n/a $305,771 n/a $649,000 $407,000 n/a $559,000 n/a n/a $600,000 $900,000 n/a $550,000 n/a Price Apartment $350,000 $270,500 n/a n/a $215,975 $312,500 $367,500 $237,000 $329,000 $348,500 n/a n/a $340,000 $474,000 n/a n/a Detached 74 94 34 2 76 31 77 25 20 133 11 44 124 161 59 11 976 Number of Attached 52 23 7 0 27 8 21 25 13 85 9 7 33 51 7 9 377 October Sales Apartment 132 56 18 0 18 60 79 18 21 133 4 2 82 337 15 9 984 2010 Detached $756,250 $627,000 $562,500 n/a $470,000 $599,900 $885,000 $520,000 $770,000 $854,000 n/a $401,750 $735,000 $1,700,000 $1,500,000 n/a Median Selling Attached $480,000 $443,000 n/a n/a $297,765 n/a $536,000 $369,750 n/a $495,000 n/a n/a $565,000 $738,500 n/a n/a n/a Price Apartment $365,000 $270,500 n/a n/a n/a $291,700 $380,000 n/a $314,000 $343,000 n/a n/a $320,000 $474,000 n/a n/a Detached 1,133 1,166 548 32 983 303 1,062 398 202 1,544 156 394 1,612 1,803 1,059 88 12,483 Number of Attached 739 470 75 1 424 117 324 204 201 896 77 37 366 654 52 138 4,775 Jan. - Sales Apartment 1,603 615 132 0 238 761 753 253 238 1,372 31 50 1,004 3,799 184 78 11,111 Oct. 2011 Detached $899,000 $709,000 $660,000 $552,500 $483,000 $622,500 $920,000 $539,900 $818,000 $998,000 $483,000 $395,000 $825,000 $2,061,500 $1,788,000 $850,000 Median Selling Attached $490,000 $450,450 $447,000 n/a $306,771 $411,500 $634,000 $390,000 $433,000 $546,400 $345,000 $272,500 $600,000 $870,000 $1,119,500 $576,250 n/a Year-to-date Price Apartment $355,000 $290,000 $338,000 n/a $214,410 $301,750 $365,000 $239,000 $335,000 $352,650 $231,000 $302,000 $344,000 $488,000 $729,000 $235,500 Detached 911 895 408 27 956 266 812 365 196 1,436 146 439 1,410 1,490 596 79 10,432 Number of Attached 672 333 79 0 376 84 311 213 175 980 94 52 383 598 66 115 4,531 Jan. - Sales Apartment 1,520 587 149 0 224 721 744 272 250 1,577 55 40 1,044 3,835 141 65 11,224 Oct. 2010 Detached $775,000 $655,000 $635,000 $417,000 $485,000 $591,250 $875,000 $526,500 $765,500 $836,500 $490,000 $412,500 $743,000 $1,680,000 $1,495,000 $825,000 Median Selling Attached $476,500 $463,000 $416,500 n/a $305,000 $413,250 $590,000 $380,000 $450,000 $493,000 $376,000 $279,500 $555,000 $779,950 $1,049,167 $503,000 n/a Year-to-date Price Apartment $344,500 $278,500 $326,000 n/a $232,000 $289,500 $375,000 $237,000 $344,900 $335,000 $264,000 $227,500 $327,000 $465,000 $670,000 $293,000 Note: Median Selling Prices are not reported for areas with less than 20 sales or for the Gulf Islands
  • 5. 10 18 2011 MLS® LISTINGS Facts Sound dows owe er itt Mea st elcarra est m ast ast berton uver ouver/H October y - Gulf ish estmin lam Ridge/P oody/B ond ine Co South oquitla uver E uver W Vanco er/Pem 2011 t Vanc Burnab Vanco Vanco Wes Coquit Maple New W North Port C Port M Richm Squam Sunsh Whistl Delta - Islands Detached 140 167 37 8 202 38 116 52 33 216 38 69 199 296 149 26 1,786 Number of Attached 93 64 6 3 56 13 52 35 20 140 12 8 47 94 15 38 696 October Listings Apartment 223 134 22 0 43 116 140 75 43 199 26 4 170 631 20 36 1,882 2011 Detached 66% 51% 95% 75% 42% 76% 79% 67% 55% 49% 42% 46% 63% 41% 60% 23% % Sales to Attached 66% 47% 100% 0% 64% 54% 48% 54% 130% 45% 50% 0% 79% 48% 27% 45% n/a Listings Apartment 55% 43% 59% n/a 42% 58% 61% 32% 49% 47% 4% 125% 58% 52% 65% 31% Detached 214 207 73 12 207 40 204 73 47 339 35 82 277 386 189 21 2,406 Number of Attached 141 80 16 0 51 20 69 37 36 149 8 3 83 130 12 40 875 September Listings Apartment 279 144 27 0 42 141 196 74 68 299 21 31 227 785 34 31 2,399 2011 Detached 35% 51% 44% 50% 37% 73% 39% 48% 32% 32% 49% 56% 51% 27% 38% 76% % Sales to Attached 35% 21% 44% n/a 59% 45% 51% 65% 39% 42% 75% 200% 39% 40% 25% 50% n/a Listings Apartment 49% 38% 37% n/a 52% 48% 24% 34% 32% 35% 5% 19% 36% 40% 32% 45% Detached 132 115 51 4 151 39 125 49 32 175 20 66 139 188 102 26 1,414 Number of Attached 87 42 6 0 68 4 46 18 19 101 17 6 54 91 9 21 589 October Listings Apartment 202 111 19 0 47 85 117 46 50 238 6 3 149 582 14 26 1,695 2010 Detached 56% 82% 67% 50% 50% 79% 62% 51% 63% 76% 55% 67% 89% 86% 58% 42% % Sales to Attached 60% 55% 117% n/a 40% 200% 46% 139% 68% 84% 53% 117% 61% 56% 78% 43% n/a Listings Apartment 65% 50% 95% n/a 38% 71% 68% 39% 42% 56% 67% 67% 55% 58% 107% 35% Detached 1,906 2,009 809 146 2,079 443 1,693 652 426 3,448 421 1,103 2,672 3,336 1,847 286 23,276 Number of Attached 1,281 776 120 3 695 192 561 352 373 1,765 179 86 608 1,225 111 416 8,743 Jan. - Listings Apartment 2,871 1,364 230 10 565 1,414 1,574 660 560 2,830 228 163 1,918 7,588 342 352 22,669 Oct. 2011 Detached 59% 58% 68% 22% 47% 68% 63% 61% 47% 45% 37% 36% 60% 54% 57% 31% % Sales to Attached 58% 61% 63% 33% 61% 61% 58% 58% 54% 51% 43% 43% 60% 53% 47% 33% n/a Listings Year-to-date* Apartment 56% 45% 57% 0% 42% 54% 48% 38% 43% 48% 14% 31% 52% 50% 54% 22% Detached 1,811 1,891 767 167 2,076 490 1,604 726 436 2,615 398 1,187 2,653 2,787 1,423 309 21,340 Number of Attached 1,206 671 134 19 724 112 591 386 338 1,561 216 108 684 1,302 136 351 8,539 Jan. - Listings Apartment 2,978 1,356 248 3 612 1,465 1,572 610 631 2,930 168 90 1,949 8,126 343 320 23,401 Oct. 2010 Detached 50% 47% 53% 16% 46% 54% 51% 50% 45% 55% 37% 37% 53% 53% 42% 26% % Sales to Attached 56% 50% 59% 0% 52% 75% 53% 55% 52% 63% 44% 48% 56% 46% 49% 33% n/a Listings Year-to-date* Apartment 51% 43% 60% 0% 37% 49% 47% 45% 40% 54% 33% 44% 54% 47% 41% 20% * Year-to-date listings represent a cumulative total of listings rather than total active listings.
  • 6. Listing & Sales Activity Summary Listings Sales 1 2 3 Col. 2 & 3 5 6 7 Col. 6 & 7 9 10 Col. 9 & 10 Oct Sep Oct Percentage Oct Sep Oct Percentage Aug 2010 - Aug 2011 - Percentage 2010 2011 2011 Variance 2010 2011 2011 Variance Oct 2010 Oct 2011 Variance BURNABY % % % DETACHED 132 214 140 -34.6 74 74 93 25.7 238 263 10.5 ATTACHED 87 141 93 -34.0 52 49 61 24.5 149 176 18.1 APARTMENTS 202 279 223 -20.1 132 137 122 -10.9 409 428 4.6 COQUITLAM DETACHED 115 207 167 -19.3 94 106 85 -19.8 234 303 29.5 ATTACHED 42 80 64 -20.0 23 17 30 76.5 72 93 29.2 APARTMENTS 111 144 134 -6.9 56 55 57 3.6 155 163 5.2 DELTA DETACHED 51 73 37 -49.3 34 32 35 9.4 106 115 8.5 ATTACHED 6 16 6 -62.5 7 7 6 -14.3 23 24 4.3 APARTMENTS 19 27 22 -18.5 18 10 13 30.0 44 41 -6.8 MAPLE RIDGE/PITT MEADOWS DETACHED 151 207 202 -2.4 76 77 85 10.4 237 270 13.9 ATTACHED 68 51 56 9.8 27 30 36 20.0 105 97 -7.6 APARTMENTS 47 42 43 2.4 18 22 18 -18.2 46 64 39.1 NORTH VANCOUVER DETACHED 125 204 116 -43.1 77 79 92 16.5 197 244 23.9 ATTACHED 46 69 52 -24.6 21 35 25 -28.6 69 83 20.3 APARTMENTS 117 196 140 -28.6 79 48 86 79.2 209 197 -5.7 NEW WESTMINSTER DETACHED 39 40 38 -5.0 31 29 29 0.0 81 81 0.0 ATTACHED 4 20 13 -35.0 8 9 7 -22.2 18 22 22.2 APARTMENTS 85 141 116 -17.7 60 68 67 -1.5 171 201 17.5 PORT MOODY/BELCARRA DETACHED 32 47 33 -29.8 20 15 18 20.0 45 52 15.6 ATTACHED 19 36 20 -44.4 13 14 26 85.7 39 64 64.1 APARTMENTS 50 68 43 -36.8 21 22 21 -4.5 67 59 -11.9 PORT COQUITLAM DETACHED 49 73 52 -28.8 25 35 35 0.0 74 96 29.7 ATTACHED 18 37 35 -5.4 25 24 19 -20.8 55 58 5.5 APARTMENTS 46 74 75 1.4 18 25 24 -4.0 54 72 33.3 RICHMOND DETACHED 175 339 216 -36.3 133 109 106 -2.8 367 310 -15.5 ATTACHED 101 149 140 -6.0 85 63 63 0.0 253 195 -22.9 APARTMENTS 238 299 199 -33.4 133 104 94 -9.6 408 294 -27.9 SUNSHINE COAST DETACHED 66 82 69 -15.9 44 46 32 -30.4 126 117 -7.1 ATTACHED 6 3 8 166.7 7 6 0 -100.0 16 8 -50.0 APARTMENTS 3 31 4 -87.1 2 6 5 -16.7 9 13 44.4 SQUAMISH DETACHED 20 35 38 8.6 11 17 16 -5.9 31 46 48.4 ATTACHED 17 8 12 50.0 9 6 6 0.0 31 22 -29.0 APARTMENTS 6 21 26 23.8 4 1 1 0.0 11 6 -45.5 VANCOUVER EAST DETACHED 139 277 199 -28.2 124 141 126 -10.6 363 415 14.3 ATTACHED 54 83 47 -43.4 33 32 37 15.6 94 92 -2.1 APARTMENTS 149 227 170 -25.1 82 82 99 20.7 247 250 1.2 VANCOUVER WEST DETACHED 188 386 296 -23.3 161 104 120 15.4 438 354 -19.2 ATTACHED 91 130 94 -27.7 51 52 45 -13.5 152 154 1.3 APARTMENTS 582 785 631 -19.6 337 317 327 3.2 986 981 -0.5 WHISTLER DETACHED 26 21 26 23.8 11 16 6 -62.5 27 30 11.1 ATTACHED 21 40 38 -5.0 9 20 17 -15.0 42 55 31.0 APARTMENTS 26 31 36 16.1 9 14 11 -21.4 33 28 -15.2 WEST VANCOUVER/HOWE SOUND DETACHED 102 189 149 -21.2 59 71 90 26.8 161 241 49.7 ATTACHED 9 12 15 25.0 7 3 4 33.3 16 9 -43.8 APARTMENTS 14 34 20 -41.2 15 11 13 18.2 41 38 -7.3 GRAND TOTALS DETACHED 1410 2394 1778 -25.7 974 951 968 1.8 2725 2937 7.8 ATTACHED 589 875 693 -20.8 377 367 382 4.1 1134 1152 1.6 APARTMENTS 1695 2399 1882 -21.6 984 922 958 3.9 2890 2835 -1.9
  • 7. Residential Average Sale Prices - January 1977 to October 2011 DETACHED CONDOMINIUM ATTACHED APARTMENTS IN THOUSANDS ($) 1400 $1,162,349 1200 1000 800 $571,425 600 400 $446,296 200 0 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 NOTE: From 1977 - 1984 condominium averages were not separated into attached & apartment.