Greater Vancouver Market Report Infographics

Monday, June 10, 2024 8:29:31 PM UTC
INFOGRAPHICS: May 2024 GVR Greater Vancouver Market Reports
English Bay in Vancouver

Home sales down in May while inventory continues to increase

The number of transactions on the Multiple Listing Service® (MLS®) declined in May compared to what is typical for this time of year in Metro Vancouver1. This shift has allowed the inventory of homes available for sale to continue to accumulate with over 13,000 homes now actively listed on the MLS® in the region.

The Greater Vancouver REALTORS® (GVR)2 reports that residential sales in the region totalled 2,733 in May 2024, a 19.9 per cent decrease from the 3,411 sales recorded in May 2023. Last month’s sales total was also down 19.6 per cent from the 10-year seasonal average for May (3,398).

“The surprise in the May data is that sales have come in softer than what we’d typically expect to see at this point in the year, while the number of newly listed homes for sale is carrying some of the momentum seen in the April data.” Andrew Lis, GVR director of economics and data analytics

Read the full report on the REBGV website!


 

The following data is a comparison between May 2024 and May 2023 numbers, and is current as of June 2024. For last month’s update, you can check out our previous post!

Or follow this link for all our GVR Infographics!

These infographics cover current trends in several areas within the Greater Vancouver region. Click on the images for a larger view!

 

Printable Version – GVR May 2024 Data Infographic Report North Vancouver

Printable Version – GVR May 2024 Data Infographics Report West Vancouver

Printable Version – GVR May 2024 Data Infographics Report Vancouver West

Printable Version – GVR May 2024 Data Infographics Report Vancouver East

Printable Version – GVR May 2024 Data Infographic Report Maple Ridge

Printable Version – GVR May 2024 Data Infographics Report Pitt Meadows

Printable Version – GVR May 2024 Data Infographics Report Port Coquitlam

Printable Version – GVR May 2024 Data Infographics Report Coquitlam

Printable Version – GVR May 2024 Data Infographic Report Burnaby North

Printable Version – GVR May 2024 Data Infographics Report Burnaby South

Printable Version – GVR May 2024 Data Infographics Report Burnaby East

Printable Version – GVR May 2024 Data Infographics Report New Westminster

Printable Version – GVR May 2024 Data Infographics Report Richmond

Printable Version – GVR May 2024 Data Infographics Report Squamish

 

 

 


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INFOGRAPHICS: April 2024 GVR Greater Vancouver Market Reports
English Bay in Vancouver

Inventory reaches highest level since the pandemic summer of 2020

Actively listed homes for sale on the MLS® in Metro Vancouver continued climbing in April, up 42 per cent year-over-year, breaching the 12,000 mark, a number not seen in the region since the summer of 2020.

Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,831 in April 2024, a 3.3 per cent increase from the 2,741 sales recorded in April 2023. This was 12.2 per cent below the 10-year seasonal average (3,223).

“It’s a feat to see inventory finally climb above 12,000. Many were predicting higher inventory levels would materialize quickly when the Bank of Canada began its aggressive rate hikes, but we’re only seeing a steady climb in inventory in the more recent data. The surprise for many market watchers has been the continued strength of demand along with the fact few homeowners have been forced to sell in the face of the highest borrowing costs experienced in over a decade.” Andrew Lis, GVR director of economics and data analytics

Read the full report on the REBGV website!


 

The following data is a comparison between April 2024 and April 2023 numbers, and is current as of May 2024. For last month’s update, you can check out our previous post!

Or follow this link for all our GVR Infographics!

These infographics cover current trends in several areas within the Greater Vancouver region. Click on the images for a larger view!

 

Printable Version – GVR April 2024 Data Infographic Report North Vancouver

Printable Version – GVR April 2024 Data Infographics Report West Vancouver

Printable Version – GVR April 2024 Data Infographics Report Vancouver West

Printable Version – GVR April 2024 Data Infographics Report Vancouver East

Printable Version – GVR April 2024 Data Infographic Report Maple Ridge

Printable Version – GVR April 2024 Data Infographics Report Pitt Meadows

Printable Version – GVR April 2024 Data Infographics Report Port Coquitlam

Printable Version – GVR April 2024 Data Infographics Report Coquitlam

Printable Version – GVR April 2024 Data Infographic Report Burnaby North

Printable Version – GVR April 2024 Data Infographics Report Burnaby South

Printable Version – GVR April 2024 Data Infographics Report Burnaby East

Printable Version – GVR April 2024 Data Infographics Report New Westminster

Printable Version – GVR April 2024 Data Infographics Report Richmond

Printable Version – GVR April 2024 Data Infographics Report Squamish

 

 

 


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INFOGRAPHICS: March 2024 GVR Greater Vancouver Market Reports
English Bay in Vancouver

Increased seller activity is giving buyers more choice this spring

The number of Metro Vancouver homes listed for sale on the MLS® rose nearly 23 per cent year-over-year, providing more opportunity for buyers looking for a home this spring.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,415 in March 2024, a 4.7 per cent decrease from the 2,535 sales recorded in March 2023. This was 31.2 per cent below the 10-year seasonal average (3,512).

“If you’re finding the weather a little chillier than last spring, you may find some comfort in knowing that the market isn’t quite as hot as it was last spring either, particularly if you’re a buyer. Despite the welcome increase in inventory, the overall market balance continues inching deeper into sellers’ market territory, which suggests demand remains strong for well-priced and well-located properties.” Andrew Lis, GVR director of economics and data analytics

Read the full report on the REBGV website!


 

The following data is a comparison between March 2024 and March 2023 numbers, and is current as of April 2024. For last month’s update, you can check out our previous post!

Or follow this link for all our GVR Infographics!

These infographics cover current trends in several areas within the Greater Vancouver region. Click on the images for a larger view!

 

Printable Version – GVR March 2024 Data Infographic Report North Vancouver

Printable Version – GVR March 2024 Data Infographics Report West Vancouver

Printable Version – GVR March 2024 Data Infographics Report Vancouver West

Printable Version – GVR March 2024 Data Infographics Report Vancouver East

Printable Version – GVR March 2024 Data Infographic Report Maple Ridge

Printable Version – GVR March 2024 Data Infographics Report Pitt Meadows

Printable Version – GVR March 2024 Data Infographics Report Port Coquitlam

Printable Version – GVR March 2024 Data Infographics Report Coquitlam

Printable Version – GVR March 2024 Data Infographic Report Burnaby North

Printable Version – GVR March 2024 Data Infographics Report Burnaby South

Printable Version – GVR March 2024 Data Infographics Report Burnaby East

Printable Version – GVR March 2024 Data Infographics Report New Westminster

Printable Version – GVR March 2024 Data Infographics Report Richmond

Printable Version – GVR March 2024 Data Infographics Report Squamish

 

 

 


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INFOGRAPHICS: February 2024 GVR Greater Vancouver Market Reports
English Bay in Vancouver

Home sellers active, bring much-needed inventory to housing market

While Metro Vancouver1 home sellers appeared somewhat hesitant in January, new listings rose 31 per cent year-over-year in February, bringing a significant number of newly listed properties to the market.

Greater Vancouver REALTORS® (GVR)2 reports that residential sales3 in the region totalled 2,070 in February 2024, a 13.5 per cent increase from the 1,824 sales recorded in February 2023. This was 23.3 per cent below the 10-year seasonal average (2,699).

“While the pace of home sales started the year off briskly, the pace of newly listed properties in January was slower by comparison. A continuation of this pattern in February would have been concerning, as it could quickly tilt the market towards overheated conditions.” Andrew Lis, GVR director of economics and data analytics

Read the full report on the REBGV website!


 

The following data is a comparison between February 2024 and February 2023 numbers, and is current as of March 2024. For last month’s update, you can check out our previous post!

Or follow this link for all our GVR Infographics!

These infographics cover current trends in several areas within the Greater Vancouver region. Click on the images for a larger view!

 

Printable Version – GVR February 2024 Data Infographic Report North Vancouver

Printable Version – GVR February 2024 Data Infographics Report West Vancouver

Printable Version – GVR February 2024 Data Infographics Report Vancouver West

Printable Version – GVR February 2024 Data Infographics Report Vancouver East

Printable Version – GVR February 2024 Data Infographic Report Maple Ridge

Printable Version – GVR February 2024 Data Infographics Report Pitt Meadows

Printable Version – GVR February 2024 Data Infographics Report Port Coquitlam

Printable Version – GVR February 2024 Data Infographics Report Coquitlam

Printable Version – GVR February 2024 Data Infographic Report Burnaby North

Printable Version – GVR February 2024 Data Infographics Report Burnaby South

Printable Version – GVR February 2024 Data Infographics Report Burnaby East

Printable Version – GVR February 2024 Data Infographics Report New Westminster

Printable Version – GVR February 2024 Data Infographics Report Richmond

Printable Version – GVR February 2024 Data Infographics Report Squamish

 

Squamish Infographics

 

 


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INFOGRAPHICS: January 2024 REBGV Greater Vancouver Market Reports
English Bay in Vancouver

Home sales across Metro Vancouver’s housing market off to strong start in 2024

While the Metro Vancouver market ended 2023 in balanced market territory, conditions in January began shifting back in favour of sellers as the pace of newly listed properties did not keep up with the volume of home sales.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales in the region totalled 1,427 in January 2024, a 38.5 per cent increase from the 1,030 sales recorded in January 2023. This was 20.2 per cent below the 10-year seasonal average (1,788).

“It’s hard to believe that January sales figures came in so strong after such a quiet December, which saw many buyers and sellers delaying major decisions. If sellers don’t step off the sidelines soon, the competition among buyers could tilt the market back into sellers’ territory as the available inventory struggles to keep pace with demand.” Andrew Lis, REBGV director of economics and data analytics

Read the full report on the REBGV website!


 

The following data is a comparison between January 2024 and January 2023 numbers, and is current as of February 2024. For last month’s update, you can check out our previous post!

Or follow this link for all our REBGV Infographics!

These infographics cover current trends in several areas within the Greater Vancouver region. Click on the images for a larger view!

 

Printable Version – REBGV January 20243 Data Infographic Report North Vancouver

Printable Version – REBGV January 2024 Data Infographics Report West Vancouver

Printable Version – REBGV January 2024 Data Infographics Report Vancouver West

Printable Version – REBGV January 2024 Data Infographics Report Vancouver East

Printable Version – REBGV January 2024 Data Infographic Report Maple Ridge

Printable Version – REBGV January 2024 Data Infographics Report Pitt Meadows

Printable Version – REBGV January 2024 Data Infographics Report Port Coquitlam

Printable Version – REBGV January 2024 Data Infographics Report Coquitlam

Printable Version – REBGV January 2024 Data Infographic Report Burnaby North

Printable Version – REBGV January 2024 Data Infographics Report Burnaby South

Printable Version – REBGV January 2024 Data Infographics Report Burnaby East

Printable Version – REBGV January 2024 Data Infographics Report New Westminster

Printable Version – REBGV January 2024 Data Infographics Report Richmond

 

 

 


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INFOGRAPHICS: December 2023 REBGV Greater Vancouver Market Reports
English Bay in Vancouver

Housing market resilient in 2023, ends year in balanced territory

Metro Vancouver’s housing market closed out 2023 with balanced market conditions, but the year-end totals mask a story of surprising resilience in the face of the highest borrowing costs seen in over a decade.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales in the region totalled 26,249 in 2023, a 10.3 per cent decrease from the 29,261 sales recorded in 2022, and a 41.5 per cent decrease from the 44,884 sales in 2021.

“You could miss it by just looking at the year-end totals, but 2023 was a strong year for the Metro Vancouver housing market considering that mortgage rates were the highest they’ve been in over a decade.”
Andrew Lis, REBGV director of economics and data analytics

Read the full report on the REBGV website!


 

The following data is a comparison between December 2023 and December 2022 numbers, and is current as of January 2024. For last month’s update, you can check out our previous post!

Or follow this link for all our REBGV Infographics!

These infographics cover current trends in several areas within the Greater Vancouver region. Click on the images for a larger view!

 

Printable Version – REBGV December 2023 Data Infographic Report North Vancouver

Printable Version – REBGV December 2023 Data Infographics Report West Vancouver

Printable Version – REBGV December 2023 Data Infographics Report Vancouver West

Printable Version – REBGV December 2023 Data Infographics Report Vancouver East

Printable Version – REBGV December 2023 Data Infographic Report Maple Ridge

Printable Version – REBGV December 2023 Data Infographics Report Pitt Meadows

Printable Version – REBGV December 2023 Data Infographics Report Port Coquitlam

Printable Version – REBGV December 2023 Data Infographics Report Coquitlam

Printable Version – REBGV December 2023 Data Infographic Report Burnaby North

Printable Version – REBGV December 2023 Data Infographics Report Burnaby South

Printable Version – REBGV December 2023 Data Infographics Report Burnaby East

Printable Version – REBGV December 2023 Data Infographics Report New Westminster

Printable Version – REBGV December 2023 Data Infographics Report Richmond

 

 

 


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INFOGRAPHICS: November 2023 REBGV Greater Vancouver Market Reports
English Bay in Vancouver

Balanced conditions come to the Metro Vancouver housing market for the holiday season

With one month left in 2023, a steady increase in housing inventory is offering home buyers across Metro Vancouver1 among the largest selection to choose from since 2021.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales2 in the region totalled 1,702 in November 2023, a 4.7 per cent increase from the 1,625 sales recorded in November 2022. This was 33 per cent below the 10-year seasonal average (2,538).

“We’ve been watching the number of active listings in our market increase over the past few months, which is giving buyers more to choose from than they’ve been used to seeing over the past few years. When paired with the seasonal slowdown in sales we typically see this time of year, this increase in supply is creating balanced conditions across Metro Vancouver’s housing market.”
Andrew Lis, REBGV director of economics and data analytics

Read the full report on the REBGV website!


 

The following data is a comparison between November 2023 and November 2022 numbers, and is current as of December 2023. For last month’s update, you can check out our previous post!

Or follow this link for all our REBGV Infographics!

These infographics cover current trends in several areas within the Greater Vancouver region. Click on the images for a larger view!

 

Printable Version – REBGV November 2023 Data Infographic Report North Vancouver

Printable Version – REBGV November 2023 Data Infographics Report West Vancouver

Printable Version – REBGV November 2023 Data Infographics Report Vancouver West

Printable Version – REBGV November 2023 Data Infographics Report Vancouver East

Printable Version – REBGV November 2023 Data Infographic Report Maple Ridge

Printable Version – REBGV November 2023 Data Infographics Report Pitt Meadows

Printable Version – REBGV November 2023 Data Infographics Report Port Coquitlam

Printable Version – REBGV November 2023 Data Infographics Report Coquitlam

Printable Version – REBGV November 2023 Data Infographic Report Burnaby North

Printable Version – REBGV November 2023 Data Infographics Report Burnaby South

Printable Version – REBGV November 2023 Data Infographics Report Burnaby East

Printable Version – REBGV November 2023 Data Infographics Report New Westminster

Printable Version – REBGV November 2023 Data Infographics Report Richmond

Printable Version – REBGV November 2023 Data Infographics Report South Surrey / White Rock

 

 

 


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INFOGRAPHICS: October 2023 REBGV Greater Vancouver Market Reports
English Bay in Vancouver

Metro Vancouver housing market holds steady in October

An increase in newly listed properties is providing more choice to home buyers across Metro Vancouver, but sales remain below long-term averages.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales in the region totalled 1,996 in October 2023, a 3.7 per cent increase from the 1,924 sales recorded in October 2022. This total is 29.5 per cent below the 10-year seasonal average (2,832) for October.

“With properties coming to market at a rate roughly five per cent above the ten-year seasonal average, there seems to be a continuation of the renewed interest on the part of sellers to participate in the market we’ve been watching this fall. Counterbalancing this increase in supply, however, is the fact sales remain almost 30 per cent below their ten-year seasonal average, which tells us demand is not as strong as we might expect this time of year.”
Andrew Lis, REBGV director of economics and data analytics

Read the full report on the REBGV website!


 

The following data is a comparison between October 2023 and October 2022 numbers, and is current as of November 2023. For last month’s update, you can check out our previous post!

Or follow this link for all our REBGV Infographics!

These infographics cover current trends in several areas within the Greater Vancouver region. Click on the images for a larger view!

 

Printable Version – REBGV October 2023 Data Infographic Report North Vancouver

Printable Version – REBGV October 2023 Data Infographics Report West Vancouver

Printable Version – REBGV October 2023 Data Infographics Report Vancouver West

Printable Version – REBGV October 2023 Data Infographics Report Vancouver East

Printable Version – REBGV October 2023 Data Infographic Report Maple Ridge

Printable Version – REBGV October 2023 Data Infographics Report Pitt Meadows

Printable Version – REBGV October 2023 Data Infographics Report Coquitlam

Printable Version – REBGV October 2023 Data Infographics Report Port Coquitlam

Printable Version – REBGV October 2023 Data Infographic Report Burnaby North

Printable Version – REBGV October 2023 Data Infographics Report Burnaby South

Printable Version – REBGV October 2023 Data Infographics Report Burnaby East

Printable Version – REBGV October 2023 Data Infographics Report New Westminster

Printable Version – REBGV October 2023 Data Infographics Report Richmond

Printable Version – REBGV October 2023 Data Infographics Report South Surrey / White Rock

 

 

 


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INFOGRAPHICS: September 2023 REBGV Greater Vancouver Market Reports
English Bay in Vancouver

As inventory increases, price gains relent to begin the fall season

The month-over-month price gains seen earlier this year abated in the Metro Vancouver housing market in September due to a seasonal decline in sales and a modest increase in inventory levels across the region.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,926 in September 2023, a 13.2 per cent increase from the 1,701 sales recorded in September 2022. This was 26.3 per cent below the 10-year seasonal average (2,614).

“A key dynamic we’ve been watching this year has been the reluctance of some homeowners to list their homes given that mortgage rates are the highest they’ve been in over ten years. With fewer listings coming to the market earlier this year than usual, inventory levels remained very low, which led prices to increase throughout the spring and summer months.”
Andrew Lis, REBGV director of economics and data analytics

Read the full report on the REBGV website!


 

The following data is a comparison between September 2023 and September 2022 numbers, and is current as of October 2023. For last month’s update, you can check out our previous post!

Or follow this link for all our REBGV Infographics!

These infographics cover current trends in several areas within the Greater Vancouver region. Click on the images for a larger view!

 

Printable Version – REBGV September 2023 Data Infographic Report North Vancouver

Printable Version – REBGV September 2023 Data Infographics Report West Vancouver

Printable Version – REBGV September 2023 Data Infographics Report Vancouver West

Printable Version – REBGV September 2023 Data Infographics Report Vancouver East

Printable Version – REBGV September 2023 Data Infographic Report Maple Ridge

Printable Version – REBGV September 2023 Data Infographics Report Pitt Meadows

Printable Version – REBGV September 2023 Data Infographics Report Coquitlam

Printable Version – REBGV September 2023 Data Infographics Report Port Coquitlam

Printable Version – REBGV September 2023 Data Infographic Report Burnaby North

Printable Version – REBGV September 2023 Data Infographics Report Burnaby South

Printable Version – REBGV September 2023 Data Infographics Report Burnaby East

Printable Version – REBGV September 2023 Data Infographics Report New Westminster

Printable Version – REBGV September 2023 Data Infographics Report Richmond

 

 

 


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INFOGRAPHICS: August 2023 REBGV Greater Vancouver Market Reports
English Bay in Vancouver

Seasonal slowdown brings price stability to Metro Vancouver

As summer winds to a close, higher borrowing costs have begun to permeate the Metro Vancouver1 housing market in predictable ways, with price gains cooling and sales slowing along the typical seasonal pattern.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales2 in the region totalled 2,296 in August 2023, a 21.4 per cent increase from the 1,892 sales recorded in August 2022. This was 13.8 per cent below the 10-year seasonal average (2,663).

“It’s been an interesting spring and summer market, to say the least. Borrowing costs are fluctuating around the highest levels we’ve seen in over ten years, yet Metro Vancouver’s housing market bucked many pundits’ predictions of a major slowdown, instead posting relatively strong sales numbers and year-to-date price gains north of eight per cent, regardless of home type.”

Andrew Lis, REBGV director of economics and data analytics

Read the full report on the REBGV website!

 


 

The following data is a comparison between August 2023 and August 2022 numbers, and is current as of September 2023. For last month’s update, you can check out our previous post!

Or follow this link for all our REBGV Infographics!

These infographics cover current trends in several areas within the Greater Vancouver region. Click on the images for a larger view!

 

Printable Version – REBGV August 2023 Data Infographic Report North Vancouver

Printable Version – REBGV August 2023 Data Infographics Report West Vancouver

Printable Version – REBGV August 2023 Data Infographics Report Vancouver West

Printable Version – REBGV August 2023 Data Infographics Report Vancouver East

Printable Version – REBGV August 2023 Data Infographic Report Maple Ridge

Printable Version – REBGV August 2023 Data Infographics Report Pitt Meadows

Printable Version – REBGV August 2023 Data Infographics Report Coquitlam

Printable Version – REBGV August 2023 Data Infographics Report Port Coquitlam

Printable Version – REBGV August 2023 Data Infographic Report Burnaby North

Printable Version – REBGV August 2023 Data Infographics Report Burnaby South

Printable Version – REBGV August 2023 Data Infographics Report Burnaby East

Printable Version – REBGV August 2023 Data Infographics Report New Westminster

Printable Version – REBGV August 2023 Data Infographics Report Richmond

 

 

 


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Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.