Home listings continue to increase across all housing categories in the Metro Vancouver housing market while home buyer activity remains below historical averages.
Home listings continue to increase across all housing categories in the Metro Vancouver housing market while home buyer activity remains below historical averages.
REBGV Statistics Package November 2022VickyAulakh1
Real Estate Board of Greater Vancouver Statistics Package November 2022. Home sale and listing activity continue trending below long-term averages in November. While typically a quiet month of market activity based on seasonal patterns, November home sale and listing totals lagged below the region’s long-term averages.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,614 in November 2022, a 52.9 per cent decrease from the 3,428 sales recorded in November 2021, and a 15.2 per cent decrease from the 1,903 homes sold in October 2022.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales totalled 1,608 in the region in November 2018, a 42.5 per cent decrease from the 2,795 sales recorded in November 2017, and an 18.2 per cent decrease compared to October 2018 when 1,966 homes sold.
Supply response emerges in Metro Vancouver’s active housing marketAlexanderMackenzie13
Home sellers have become increasingly active in Metro
Vancouver’s* housing market this spring in response to heightened demand and rising home
values that have materialized during the pandemic.
The Metro Vancouver housing market saw steady home sale and listing activity in May, a shift back from the record-breaking activity seen in the earlier spring months.
Sales decreased 13% from APRIL 2021.
Stats provided by the real estate Board of Greater Vancouver
Similar to Real Estate Board of Greater Vancouver Statistics Package - November 2021 (19)
Victoria Real Estate Board May 2023 Statistics Package with charts and graphs. Spring market begins to grow just in time for summer.
A total of 775 properties sold in the Victoria Real Estate Board region this May, 1.8 per cent more than the 761 properties sold in May 2022 and a 21.7 per cent increase from April 2023. Sales of condominiums were down 0.8 per cent from May
2022 with 248 units sold. Sales of single family homes increased 8.7 per cent from May 2022 with 399 sold.
April 2023 Okanagan Statistics Graphs.pdfVickyAulakh1
Local Residential Market Supply Struggling to Meet Demand.
KELOWNA, B.C. – May 4th, 2023. Residential real estate market demand picking up in spring season while supply of inventory struggles to meet buyer demand, reports the Association of Interior REALTORS® (the Association). A total of 1,226 residential unit sales were recorded across the Association region in April representing a 30.6% decrease in sales compared to the frenzied market of April 2022, yet up compared to March’s 1,207 unit sales.
FVREB April 2023 Statistics Package.pdfVickyAulakh1
April 2023 Fraser Valley Real Estate Board Statistics Package with Charts & Graphs. Spring sales hold steady in Fraser Valley real estate market. SURREY, BC – Despite persistent inventory shortfalls, housing sales in the Fraser Valley remained steady in April as buyers took advantage of the continued pause in interest rate hikes.
April 2023 Victoria Real Estate Board Statistics Package with Charts & Graphs. Not enough growth in inventory means spring market sales slow. A total of 637 properties sold in the Victoria Real Estate Board region this April, 22.7 per cent fewer than the 824 properties sold in April 2022 but an 8 per cent increase from March 2023. Sales of condominiums were down 21.8 per cent from April 2022 with 205 units sold. Sales of single family homes decreased 19.4 per cent from April 2022 with 325 sold.
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Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
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Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...JagadishKR1
Immerse yourself in the epitome of luxury living at Urbanrise Paradise on Earth. These opulent 4 BHK villas, nestled off the prestigious Kanakapura Road in Bangalore, redefine elegance and sophistication. With meticulous craftsmanship, breathtaking design, and unparalleled amenities, Urbanrise Paradise on Earth offers a sanctuary where every moment is infused with luxury and serenity. Experience a life of grandeur and indulgence at this exclusive residential enclave.
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Avrupa Konutlari Yenimahalle - Listing TurkeyListing Turkey
Welcome to Avrupa Konutları Yenimahalle, where luxury living meets unparalleled convenience in the heart of Istanbul. Developed by Artaş Holding, one of Turkey’s leading construction companies, this prestigious residential project offers a contemporary lifestyle experience like no other.
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Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...JagadishKR1
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Torun Center Residences Istanbul - Listing TurkeyListing Turkey
THERE IS LIFE IN ITS CENTER!
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Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...Newman George Leech
Oeiras Tech City, a historic development in the Oeiras municipality of Lisbon, is acquired by RE Capital and REIG. It is located on a 93,000-square-meter plot of land and combines co-living, business, and residential areas. It highlights ESG principles and is close to Tagus Park, which improves the urban landscape of Lisbon.
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
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One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG
One FNG by Group 108 is launching a new commercial project in Sector 142 Noida. Office space and high street retail shops on the FNG and Noida Expressway. For more information visit the website https://www.onefng.com/
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Real Estate Board of Greater Vancouver Statistics Package - November 2021
1. News Release
FOR IMMEDIATE RELEASE:
Home sales activity remains up, listings down across Metro
Vancouver’s housing market
VANCOUVER, BC – December 2, 2021 – As we near the end of 2021, home buyer demand
remains well in excess of long-term averages and the supply of homes for sale continues to
decline across Metro Vancouver’s* housing market.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the
region totalled 3,428 in November 2021, an 11.9 per cent increase from the 3,064 sales recorded
in November 2020, and a 1.9 per cent decrease from the 3,494 homes sold in October 2021.
Last month’s sales were 33.6 per cent above the 10-year November sales average.
“We expect home sale totals to end the year at or near an all-time record in our region,” Keith
Stewart, REBGV economist said. “We’ve had elevated home sale activity throughout 2021
despite persistently low levels of homes available for sale. With a new year around the corner,
it’s critical that this supply crunch remains the focus for addressing the housing affordability
challenges in our region.”
There were 3,964 detached, attached and apartment properties newly listed for sale on the
Multiple Listing Service® (MLS®) in Metro Vancouver in November 2021. This represents a
2.6 per cent decrease compared to the 4,068 homes listed in November 2020 and a 2.1 per cent
decrease compared to October 2021 when 4,049 homes were listed.
The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is
7,144, a 35.7 per cent decrease compared to November 2020 (11,118) and a 11.1 per cent
decrease compared to October 2021 (8,034).
For all property types, the sales-to-active listings ratio for November 2021 is 48 per cent. By
property type, the ratio is 33.8 per cent for detached homes, 74.3 per cent for townhomes, and
53.7 per cent for apartments.
Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12
per cent for a sustained period, while home prices often experience upward pressure when it
surpasses 20 per cent over several months.
“The imbalance between supply and demand, coupled with some buyers wanting to use rate
holds on lower rate fixed-term mortgages, is keeping upward pressure on home prices in this
traditionally quieter time of year for the market,” Stewart said.
2. The MLS® Home Price Index composite benchmark price for all residential properties in Metro
Vancouver is currently $1,211,200. This represents a 16 per cent increase over November 2020
and a one per cent increase compared to October 2021.
Sales of detached homes in November 2021 reached 987, a seven per cent decrease from the
1,061 detached sales recorded in November 2020. The benchmark price for a detached home is
$1,870,000. This represents a 20.8 per cent increase from November 2020 and a 1.1 per cent
increase compared to October 2021.
Sales of apartment homes reached 1,828 in November 2021, a 33.3 per cent increase compared
to the 1,371 sales in November 2020. The benchmark price of an apartment home is $752,800.
This represents an 11.4 per cent increase from November 2020 and a 0.9 per cent increase
compared to October 2021.
Attached home sales in November 2021 totalled 613, a three per cent decrease compared to the
632 sales in November 2020. The benchmark price of an attached home is $990,300. This
represents a 20.2 per cent increase from November 2020 and a 1.6 per cent increase compared to
October 2021.
-30-
*Editor’s Note: Areas covered by the Real Estate Board of Greater Vancouver include: Burnaby, Coquitlam, Maple
Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta,
Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.
The real estate industry is a key economic driver in British Columbia. In 2020, 30,944 homes changed ownership in
the Board’s area, generating $2.1 billion in economic spin-off activity and an estimated 14,728 jobs. The total dollar
value of residential sales transacted through the MLS® system in Greater Vancouver totalled $33.7 billion in 2020.
The Real Estate Board of Greater Vancouver is an association representing more than 14,000 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:
Craig Munn
Director, Communication
Real Estate Board of Greater Vancouver
604.730.3146
cmunn@rebgv.org
3. Property Type Area
Benchmark
Price
Price
Index
1 Month
Change %
3 Month
Change %
6 Month
Change %
1 Year
Change %
3 Year
Change %
5 Year
Change %
10 Year
Change %
Residential / Composite Lower Mainland $1,206,300 336.0 1.9% 4.6% 5.7% 21.3% 24.0% 44.6% 116.2%
Greater Vancouver $1,211,200 318.8 1.0% 2.9% 3.3% 16.0% 17.2% 32.5% 97.9%
Bowen Island $1,427,600 309.5 -1.5% -0.2% 2.4% 24.1% 45.3% 75.5% 144.7%
Burnaby East $1,107,600 315.8 0.7% 2.4% 3.4% 11.4% 12.2% 29.2% 98.2%
Burnaby North $1,132,200 305.0 0.8% 1.6% 3.2% 12.6% 11.4% 28.5% 94.3%
Burnaby South $1,062,100 301.5 0.5% 0.9% 1.6% 9.9% 6.2% 24.5% 82.5%
Coquitlam $1,138,800 338.5 1.4% 4.2% 4.7% 19.2% 22.1% 47.1% 129.2%
Ladner $1,077,700 305.4 0.3% 4.4% 4.9% 23.5% 25.4% 31.4% 96.9%
Maple Ridge $1,061,100 337.9 2.0% 5.9% 7.1% 30.3% 37.5% 70.4% 156.8%
New Westminster $743,900 330.0 1.3% 2.2% 3.9% 12.6% 9.8% 45.6% 107.9%
North Vancouver $1,263,100 290.2 1.4% 3.7% 3.2% 14.5% 19.3% 27.5% 99.5%
Pitt Meadows $967,700 353.6 2.6% 5.7% 6.6% 24.7% 27.7% 65.9% 149.9%
Port Coquitlam $966,100 330.7 1.7% 4.5% 4.6% 22.4% 27.0% 57.0% 130.3%
Port Moody $1,086,700 305.6 1.6% 2.4% 3.8% 16.6% 16.4% 44.1% 127.2%
Richmond $1,116,200 333.3 1.0% 3.2% 3.6% 16.3% 15.7% 29.6% 92.0%
Squamish $1,083,500 335.9 0.2% 7.0% 7.1% 27.1% 37.4% 66.9% 168.3%
Sunshine Coast $840,400 309.9 -1.4% 3.5% 4.5% 26.4% 39.7% 73.9% 147.5%
Tsawwassen $1,206,900 305.7 0.9% 4.2% 7.4% 21.8% 21.3% 26.7% 99.2%
Vancouver East $1,230,400 365.6 1.1% 2.5% 1.7% 11.7% 14.0% 27.0% 102.7%
Vancouver West $1,374,400 287.0 0.7% 0.6% 0.3% 9.7% 6.5% 11.2% 65.7%
West Vancouver $2,552,100 281.0 -1.0% 2.2% 0.5% 12.8% 12.6% 4.2% 68.0%
Whistler $1,386,400 310.0 0.6% 7.8% 8.4% 29.7% 44.1% 84.7% 171.0%
Single Family Detached Lower Mainland $1,708,400 364.0 2.3% 5.8% 6.5% 27.9% 35.2% 41.9% 125.7%
Greater Vancouver $1,870,000 344.6 1.1% 3.5% 3.9% 20.8% 24.6% 24.7% 98.2%
Bowen Island $1,427,600 309.5 -1.5% -0.2% 2.4% 24.1% 45.3% 75.5% 144.7%
Burnaby East $1,520,500 340.0 1.3% 3.3% 3.5% 18.3% 25.9% 29.8% 112.6%
Burnaby North $1,769,000 342.1 1.5% 0.4% 3.3% 16.1% 20.3% 16.3% 97.2%
Burnaby South $1,827,800 349.9 0.6% 2.2% 3.6% 16.2% 13.4% 11.4% 89.4%
Coquitlam $1,577,900 350.2 2.5% 4.6% 5.3% 24.0% 28.3% 35.4% 129.6%
Ladner $1,346,600 322.3 0.4% 4.6% 4.2% 27.5% 40.9% 34.4% 112.5%
Maple Ridge $1,204,000 343.0 2.3% 5.7% 7.4% 34.1% 45.0% 68.7% 165.7%
New Westminster $1,378,600 343.9 1.0% 3.8% 5.2% 21.0% 26.5% 34.8% 108.6%
North Vancouver $1,955,300 307.9 0.8% 4.8% 2.8% 17.0% 24.5% 19.2% 107.6%
Pitt Meadows $1,310,200 369.2 3.3% 9.2% 10.1% 32.3% 46.4% 65.0% 160.9%
Port Coquitlam $1,323,500 352.9 2.7% 5.9% 5.6% 27.4% 35.3% 51.4% 141.5%
Port Moody $1,912,000 353.1 1.8% 3.0% 5.0% 23.8% 27.6% 38.6% 138.9%
Richmond $1,981,400 379.9 1.6% 3.2% 2.6% 20.1% 17.5% 15.4% 83.9%
Squamish $1,443,000 353.7 0.5% 5.9% 3.5% 27.3% 45.3% 67.3% 170.2%
Sunshine Coast $863,700 302.6 -2.2% 1.9% 3.0% 25.5% 42.5% 76.8% 139.4%
Tsawwassen $1,476,700 322.4 1.1% 5.0% 8.6% 26.8% 30.1% 31.1% 111.0%
Vancouver East $1,744,700 384.3 1.6% 3.3% 2.0% 13.8% 20.0% 21.7% 108.2%
Vancouver West $3,413,800 345.3 -1.1% -1.4% 0.9% 9.3% 5.1% -3.0% 51.0%
West Vancouver $3,169,400 299.2 -1.0% 2.6% 0.9% 15.6% 15.7% 3.7% 74.4%
Whistler $2,633,300 332.4 0.3% 6.2% 4.8% 31.6% 54.5% 78.1% 160.5%
HOW TO READ THE TABLE:
• Benchmark Price: Estimated sale price of a benchmark property. Benchmarks represent a typical property within each market.
• 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.
• x Month/Year Change %: Percentage change of index over a period of x month(s)/year(s) *
In January 2005, the indexes are set to 100.
Townhome properties are similar to Attached properties, a category that was used in the previous MLSLink HPI, but do not included duplexes.
The above info is deemed reliable, but is not guaranteed. All dollar amounts in CDN.
November 2021
*
* MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association 1 of 18
4. Property Type Area
Benchmark
Price
Price
Index
1 Month
Change %
3 Month
Change %
6 Month
Change %
1 Year
Change %
3 Year
Change %
5 Year
Change %
10 Year
Change %
November 2021
*
Townhouse Lower Mainland $891,800 321.4 2.1% 5.0% 8.1% 24.4% 25.8% 54.1% 118.3%
Greater Vancouver $990,300 317.7 1.6% 4.0% 5.8% 20.2% 20.8% 44.5% 106.8%
Burnaby East $704,400 316.0 1.6% 2.2% 1.6% 4.6% 6.9% 37.1% 101.0%
Burnaby North $841,500 314.1 0.0% 1.5% 3.0% 13.3% 13.3% 37.3% 95.7%
Burnaby South $772,600 323.1 1.2% 2.0% 3.4% 10.0% 10.8% 33.7% 96.1%
Coquitlam $890,100 326.5 1.4% 4.8% 6.7% 22.2% 26.7% 55.9% 127.4%
Ladner $797,100 295.0 -0.2% 4.3% 5.4% 20.6% 8.9% 33.1% 79.9%
Maple Ridge $720,300 334.4 1.1% 4.9% 6.2% 29.0% 30.9% 72.2% 154.1%
New Westminster $870,300 332.4 0.7% 2.9% 4.2% 17.3% 16.5% 48.5% 108.5%
North Vancouver $1,216,900 300.9 3.5% 6.7% 10.1% 20.9% 30.8% 41.3% 104.7%
Pitt Meadows $763,400 330.3 1.6% 0.1% 2.9% 22.8% 17.3% 59.8% 138.7%
Port Coquitlam $826,500 312.9 1.7% 3.6% 5.9% 26.4% 29.4% 54.1% 119.4%
Port Moody $779,300 265.0 2.3% 1.7% 3.6% 17.1% 12.5% 47.2% 90.8%
Richmond $970,100 318.8 0.9% 3.4% 6.4% 17.2% 15.2% 35.2% 91.5%
Squamish $950,800 321.0 5.2% 8.2% 8.2% 30.6% 33.2% 63.8% 173.2%
Sunshine Coast $658,400 315.4 6.6% 9.5% 8.8% 35.5% 40.6% 61.4% 165.7%
Tsawwassen $872,500 287.2 -0.8% 2.6% 3.4% 13.4% -4.4% 22.5% 71.7%
Vancouver East $1,070,700 340.5 1.6% 4.8% 7.9% 18.8% 21.7% 35.3% 107.4%
Vancouver West $1,296,900 303.2 -0.3% 0.8% 1.7% 12.7% 10.8% 23.3% 86.1%
Whistler $1,382,100 338.4 5.7% 8.9% 8.9% 32.1% 39.6% 85.5% 200.5%
Apartment Lower Mainland $755,300 319.0 1.5% 3.5% 3.9% 14.2% 14.1% 50.1% 110.3%
Greater Vancouver $752,800 302.3 0.9% 2.4% 2.1% 11.4% 11.2% 40.3% 98.5%
Burnaby East $742,400 295.5 0.3% 1.6% 4.2% 9.0% 4.3% 33.9% 79.7%
Burnaby North $738,300 289.2 0.7% 2.3% 3.3% 11.1% 7.3% 40.7% 98.5%
Burnaby South $686,000 281.1 0.4% 0.2% 0.5% 7.2% 2.3% 33.9% 79.6%
Coquitlam $607,000 333.1 0.6% 3.5% 3.2% 14.2% 16.2% 63.8% 133.8%
Ladner $593,700 278.1 0.4% 3.9% 6.0% 17.2% 11.6% 26.6% 76.8%
Maple Ridge $461,900 330.3 2.4% 8.0% 7.5% 22.7% 26.6% 79.9% 130.2%
New Westminster $576,600 326.7 1.5% 1.7% 3.6% 10.0% 5.8% 50.4% 108.9%
North Vancouver $663,600 270.0 1.4% 2.2% 1.5% 10.1% 11.9% 37.2% 91.1%
Pitt Meadows $579,800 356.0 2.5% 6.5% 5.8% 19.7% 20.5% 73.8% 145.9%
Port Coquitlam $542,800 324.6 0.9% 3.7% 2.9% 16.3% 20.2% 68.8% 130.2%
Port Moody $741,200 308.9 1.1% 2.5% 3.7% 12.9% 14.6% 56.4% 151.3%
Richmond $736,500 315.3 0.7% 3.2% 3.0% 13.2% 15.1% 52.5% 111.0%
Squamish $606,800 329.1 -4.2% 7.3% 11.0% 22.8% 31.5% 72.7% 177.7%
Sunshine Coast $552,900 334.6 -3.7% 8.1% 9.3% 22.2% 24.1% 58.4% 174.5%
Tsawwassen $654,300 282.2 0.9% 2.7% 6.5% 15.1% 8.7% 23.4% 81.9%
Vancouver East $639,600 359.5 1.0% 1.6% 0.5% 9.2% 8.6% 35.2% 99.8%
Vancouver West $835,500 271.1 1.5% 1.3% -0.1% 9.3% 6.9% 20.5% 76.2%
West Vancouver $1,116,700 226.9 -0.7% 1.3% -1.3% 2.3% -0.8% 18.5% 55.2%
Whistler $642,200 276.0 -3.0% 8.6% 11.5% 27.5% 41.6% 87.9% 164.1%
HOW TO READ THE TABLE:
• Benchmark Price: Estimated sale price of a benchmark property. Benchmarks represent a typical property within each market.
• 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.
• x Month/Year Change %: Percentage change of index over a period of x month(s)/year(s)
In January 2005, the indexes are set to 100. *
Townhome properties are similar to attached properties, a category that was used in the previous MLSLink HPI, but do not included duplexes.
Lower Mainland includes areas serviced by both Real Estate Board of Greater Vancouver & Fraser Valley Real Estate Board.
The above info is deemed reliable, but is not guaranteed. All dollar amounts in CDN.
* MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association 2 of 18