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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 November 2022

“Act as if what you do makes a difference. It does.” William James It’s Deja-vu as November sales mirror 2018 Highlights of the November Report Every condo can now be a rental, opening investor opportunities Gap between population growth and housing supply widening November sales second lowest for that month since 1987 Richmond seeing sales [...]

Sales and Listing Report for October 2022

"There is always a ray of light at the end of every dark tunnel." Tink Positive signs emerge as buyers’ market strengthens Highlights of the October Report Lowest benchmark home price: New Westminster at $809,800 Highest number of Greater Vancouver sales since June 2022 Benchmark home price is down 9.2% from six months ago North [...]

Sales and Listing Report for September 2022

"It was the best of times, it was the worst of times" Charles Dickens The worst of times; the best of times in the Metro Vancouver housing market Highlights of the September Report Five markets have composite home prices under $1 million Home prices down for the sixth month in a row  Detached housing now [...]

Sales and Listing Report for Aug 2022

"Believe and act as if it were impossible to fail." Charles F. Kettering New listings, housing starts flirt with record lows in August Highlights of the August Report Total new listings in August the lowest in more than 28 years Ladner townhouses and condos fall to 1-month supply At least six major condo projects have [...]

Sales and Listing Report for July 2022

"Inaction breeds doubt and fear. Action breeds confidence and courage. If you want to conquer fear, do not sit home and think about it. Go out and get busy." Dale Carnegie Homebuyers, investors take advantage in this market Highlights of the July Report Average 5-year mortgage rates are up just 1.4% from six months ago. [...]

Sales and Listing Report for June 2022

"On the other side of a storm is the strength that comes from having navigated through it. Raise your sail and begin." Gregory S. Williams Buyer’s emerging with a market advantage Highlights of the June Report Biggest drop in month-over-month house price Port Coquitlam down 5.9% Biggest increase in month-over-month house price: West Vancouver, up [...]

Sales and Listing Report for May 2022

"Life is a succession of lessons which must be lived to be understood." Ralph Waldo Emerson Faith Trumps Fear in This Market Cycle Highlights of the May Report • Is a buyer’s market looming in Metro Vancouver?  • Vancouver detached house sales down 42% year-over-year • Fraser Valley sales drop 54% from a year earlier [...]

Sales and Listing Report for April 2022

"Become a student of change. It is the only thing that will remain constant." Anthony J. Welcome back to a balanced market. Don’t be afraid Highlights of the April Report • Immigration at record high; housing starts down 41% • April housing sales down 34% from a year earlier • Price resistance as detached house [...]

Sales and Listing Report for March 2022

"You may delay, but time will not." Benjamin Franklin This housing cycle is ending. What’s next? The sales super cycle that the Metro Vancouver housing market has been in for two years is ending. It is nearly over in Fraser Valley, where March sales were down 22.5% from a year earlier and average prices dropped [...]

Sales and Listing Report for February 2022

"Every choice you make has an end result." Zig Ziglar February signals March will come in like a lion Highlights of this Greater Vancouver report Biggest year-to-year detached price increase: Pitt Meadows, up 40.4% Why a ‘cooling-off period’ would mean market chaos Month-over-month home price increase forecast during 2022: $9,000 Month-over-month home price increase from [...]