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Market Statistics

Our Chief Economist, Kevin Skipworth, shares his statistical insights on the Lower Mainland real estate market.

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Sales and Listing Report for September 2021

"Effort only fully releases its reward after a person refuses to quit." Napoleon Hill Election over but the effects will linger in Metro Vancouver The federal election is over and those who think nothing has changed should prepare themselves for some of the most intrusive legislation ever into the private-sector housing market. It has never [...]

Sales and Listing Report for August 2021

"Between saying and doing, many a pair of shoes is worn out." Iris Murdoch Townhouse sector exposes razor-thin housing supply We are in the heat of a hastily-called federal election and housing is the central platform of the major parties, all of which say they will make housing more affordable for the so-called ‘missing middle’, [...]

Sales and Listing Report for July 2021

"Believe you can and you’re halfway there." Theodore Roosevelt Reality of housing shortage exposed in July Sometimes you just have to shake your head at the reports we read about the Greater Vancouver housing market. Such as quotes from regional politicians about how much they care about making homes more affordable while continuing to restrict [...]

Sales and Listing Report for June 2021

"We can't help everyone, but everyone can help someone." Satchel Paige Balanced market seen holding this summer June housing sales in Greater Vancouver were down 11.4% from May to the lowest level since January this year as the market wilted in the record-setting heat. Yet, with 3,842 transactions in the month, it remained the eighth-highest [...]

Sales and Listing Report for May 2021

May home sales: $11 million an hour, 24 hours a day “Don’t look back. Something might be gaining on you.” Satchel Paige Like the weather itself in May, the Greater Vancouver housing market was unseasonably hot but with subtle signals of cooling. May marked the second consecutive month with sales declining in absolute numbers from [...]

Sales and Listing Report for April 2021

April brings a shower of new listings With more than 10,000 homes for sale, fear of missing out eases “There are no shortcuts to any place worth going.” Beverly Sills The incredible boomerang in the Metro Vancouver housing market was never more apparent than this April, as total housing sales bounced back from the lowest [...]

Sales and Listing Report for March 2021

Potential Immigration the wild card in Metro housing market “We cannot solve our problems with the same thinking we used when we created them.” Albert Einstein March housing sales skyrocketed more than 126% higher than in March 2020 – the month the COVID-19 pandemic began – to the highest monthly sales pace ever recorded in [...]

Sales and Listing Report for February 2021

February 2021: Watch for the rise of the strata market February is traditionally a ho-hum period in residential real estate but this year, as with so much of the recent Metro Vancouver market, this February proved exceptional. Housing sales hit the highest monthly level since June 2017, with prices arcing nearly 9% higher than a [...]

Sales and Listing Report for January 2021

Welcome to January 2021 – please fasten your seat belts Some will express surprise that, as we enter the second year of a global pandemic, the rush to purchase homes in Greater Vancouver continues the startling sales pace seen in 2020. But there is a simple reason for the January surge: price appreciation as accelerating [...]

New Years Message from Dave Peerless

January 20, 2021 was a very good day… The day started with the hope that some sanity will prevail with our neighbours to the south. The US Presidential Inauguration marked an optimistic start to a new path for this world leading economy and Canada as their closest ally. Following that, we attended the virtual UDI […]