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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 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 [...]

Sales and Listing Report for January 2022

"If you have the courage to begin, you have the courage to succeed." David Viscott So you need to buy a home. Now is a good time to do so. There have always been challenges purchasing in one of the most expensive housing markets on the planet. It is still possible, though, to find the [...]

Sales and Listing Report for December 2021

"Don’t wish it were easier. Wish you were better." Jim Rohn Brace for an interesting year in the housing market As the Metro Vancouver housing market comes off a record sales year, we are entering what could be the most interesting 12 months this region has ever seen.  The term ‘interesting’ can be seen in [...]

Sales and Listing Report for November 2021

"Courage is found in unlikely places." J.R.R. Tolkien Condos alone can’t meet buyer demand Sales of condominium apartments accounted for 53 per cent of all housing sales in Greater Vancouver in November 2021, with a 33.3% surge in transactions compared to November of 2020, but the record-setting sales pace may underline desperation in the market. [...]

Sales and Listing Report for October 2021

"In a gentle way, you can shake the world." Mahatma Gandhi Suburban safety valves close as prices rise in step The shocking shortage of homes for sale across Metro Vancouver has had the unsettling effects of levelling residential prices and stunting supply from Burrard Inlet to well south of the Fraser River. The suburban safety [...]