RE/MAX City Realty Greater Vancouver Market Report Infographics
INFOGRAPHICS: August 2023 REBGV Greater Vancouver Market Reports
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
INFOGRAPHICS: July 2023 REBGV Greater Vancouver Market Reports
Strong sales push Metro Vancouver home prices past July rate hike
Home prices across all home types in Metro Vancouver1 rose again in July, as strong sales figures continue to push up against low levels of housing inventory in the region.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales2 in the region totalled 2,455 in July 2023, a 28.9 per cent increase from the 1,904 sales recorded in July 2022. This was 15.6 per cent below the 10-year seasonal average (2,909).
“While sales remain about 15 per cent below the ten-year average, they are also up about 30 per cent year-over-year, which is not insignificant. Looking under the hood of these figures, it’s easy to see why sales are posting such a large year-over-year percentage increase. Last July marked the point when the Bank of Canada announced their ‘super-sized’ increase to the policy rate of one full per cent, catching buyers and sellers off guard, and putting a chill on market activity at that time.”
Andrew Lis, REBGV director of economics and data analytics
Read the full report on the REBGV website!
The following data is a comparison between July 2023 and July 2022 numbers, and is current as of August 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 July 2023 Data Infographic Report North Vancouver
Printable Version – REBGV July 2023 Data Infographics Report West Vancouver
Printable Version – REBGV July 2023 Data Infographics Report Vancouver West
Printable Version – REBGV July 2023 Data Infographics Report Vancouver East
Printable Version – REBGV July 2023 Data Infographic Report Maple Ridge
Printable Version – REBGV July 2023 Data Infographics Report Pitt Meadows
Printable Version – REBGV July 2023 Data Infographics Report Coquitlam
Printable Version – REBGV July 2023 Data Infographics Report Port Coquitlam
Printable Version – REBGV July 2023 Data Infographic Report Burnaby North
Printable Version – REBGV July 2023 Data Infographics Report Burnaby South
Printable Version – REBGV July 2023 Data Infographics Report Burnaby East
Printable Version – REBGV July 2023 Data Infographics Report New Westminster
Printable Version – REBGV July 2023 Data Infographics Report Richmond
INFOGRAPHICS: June 2023 REBGV Greater Vancouver Market Reports
Home prices continue to rise in housing market to kick off summer
Continuing the trend that has emerged in the housing market this year, the benchmark price for all home types in Metro Vancouver1 increased in June as home buyer demand butted up against a limited inventory of homes for sale in the region.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales2 in the region totalled 2,988 in June 2023, a 21.1 per cent increase from the 2,467 sales recorded in June 2022. This was 8.6 per cent below the 10-year seasonal average (3,269).
“The market continues to outperform expectations across all segments, but the apartment segment showed the most relative strength in June. The benchmark price of apartment homes is almost cresting the peak reached in 2022, while sales of apartments are now above the region’s ten-year seasonal average. This uniquely positions the apartment segment relative to the attached and detached segments where sales remained below the ten-year seasonal averages.”
Andrew Lis, REBGV director of economics and data analytics
Read the full report on the REBGV website!
The following data is a comparison between June 2023 and June 2022 numbers, and is current as of July 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 June 2023 Data Infographic Report North Vancouver
Printable Version – REBGV June 2023 Data Infographics Report West Vancouver
Printable Version – REBGV June 2023 Data Infographics Report Vancouver West
Printable Version – REBGV June 2023 Data Infographics Report Vancouver East
Printable Version – REBGV June 2023 Data Infographic Report Maple Ridge
Printable Version – REBGV June 2023 Data Infographics Report Pitt Meadows
Printable Version – REBGV June 2023 Data Infographics Report Coquitlam
Printable Version – REBGV June 2023 Data Infographics Report Port Coquitlam
Printable Version – REBGV June 2023 Data Infographic Report Burnaby North
Printable Version – REBGV June 2023 Data Infographics Report Burnaby South
Printable Version – REBGV June 2023 Data Infographics Report Burnaby East
Printable Version – REBGV June 2023 Data Infographics Report New Westminster
Printable Version – REBGV June 2023 Data Infographics Report Richmond
INFOGRAPHICS: May 2023 REBGV Greater Vancouver Market Reports
Competition heats up among buyers as summer arrives
While the year started slower than usual, Metro Vancouver’s1 housing market is showing signs of heating up as summer arrives, with prices increasing for the sixth consecutive month.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,4112 in May 2023, which is a 15.7 per cent increase from the 2,947 sales recorded in May 2022, and a 1.4 per cent decline from the 10-year seasonal average (3,458).
“Back in January, few people would have predicted prices to be up as much as they are – ourselves included. Our forecast projected prices to be up modestly in 2023 by about two per cent at year-end. Instead, Metro Vancouver home prices are already up about six per cent or more across all home types at the midway point of the 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 May 2023 and May 2022 numbers, and is current as of April 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 May 2023 Data Infographic Report North Vancouver
Printable Version – REBGV May 2023 Data Infographics Report West Vancouver
Printable Version – REBGV May 2023 Data Infographics Report Vancouver West
Printable Version – REBGV May 2023 Data Infographics Report Vancouver East
Printable Version – REBGV May 2023 Data Infographic Report Maple Ridge
Printable Version – REBGV May 2023 Data Infographics Report Pitt Meadows
Printable Version – REBGV May 2023 Data Infographics Report Coquitlam
Printable Version – REBGV May 2023 Data Infographics Report Port Coquitlam
Printable Version – REBGV May 2023 Data Infographic Report Burnaby North
Printable Version – REBGV May 2023 Data Infographics Report Burnaby South
Printable Version – REBGV May 2023 Data Infographics Report Burnaby East
Printable Version – REBGV May 2023 Data Infographics Report New Westminster
INFOGRAPHICS: April 2023 REBGV Greater Vancouver Market Reports
Prices continue rising as home buyer confidence returns
With listing activity remaining below historical norms, home sales in Metro Vancouver1 have mounted a surprising comeback, rising near levels seen last spring, before eight consecutive interest rate hikes eroded borrowing power and brought home sales activity down along with it.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,7412 in April 2023, a 16.5 per cent decrease from the 3,281 sales recorded in April 2022, and 15.6 per cent below the 10-year seasonal average (3,249).
“The fact we are seeing prices rising and sales rebounding this spring tells us home buyers are returning with confidence after a challenging year for our market, with mortgage rates roughly doubling. The latest MLS HPI® data show home prices have increased about five per cent year-to-date, which already outpaces our forecast of one to two per cent by year-end. The year is far from over, however, and it remains to be seen if these price increases will be sustained into 2024.”
Andrew Lis, REBGV director of economics and data analytics
Read the full report on the REBGV website!
The following data is a comparison between April 2023 and April 2022 numbers, and is current as of May 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 April 2023 Data Infographic Report North Vancouver
Printable Version – REBGV April 2023 Data Infographics Report West Vancouver
Printable Version – REBGV April 2023 Data Infographics Report Vancouver West
Printable Version – REBGV April 2023 Data Infographics Report Vancouver East
Printable Version – REBGV April 2023 Data Infographic Report Maple Ridge
Printable Version – REBGV April 2023 Data Infographics Report Pitt Meadows
Printable Version – REBGV April 2023 Data Infographics Report Coquitlam
Printable Version – REBGV April 2023 Data Infographics Report Port Coquitlam
Printable Version – REBGV April 2023 Data Infographic Report Burnaby North
Printable Version – REBGV April 2023 Data Infographics Report Burnaby South
Printable Version – REBGV April 2023 Data Infographics Report Burnaby East
Printable Version – REBGV April 2023 Data Infographics Report New Westminster
INFOGRAPHICS: March 2023 REBGV Greater Vancouver Market Reports
Spring brings price growth while new listings remain dormant
Home prices across Metro Vancouver’s1 housing market showed modest increases in March, while new listings remained below long-term historical averages.
March data also indicates home sales are making a stronger than expected spring showing so far, despite elevated borrowing costs.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,5352 in March 2023, a 42.5 per cent decrease from the 4,405 sales recorded in March 2022, and 28.4 per cent below the 10-year seasonal average (3,540).
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,143,900. This represents a 9.5 per cent decrease over March 2022 and a 1.8 per cent increase compared to February 2023.
Read the full report on the REBGV website!
The following data is a comparison between March 2023 and March 2022 numbers, and is current as of April 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 North Vancouver, West Vancouver, Vancouver East, and Vancouver West. Click on the images for a larger view!
Printable Version – REBGV March 2023 Data Infographic Report North Vancouver
Printable Version – REBGV March 2023 Data Infographics Report West Vancouver
Printable Version – REBGV March 2023 Data Infographics Report Vancouver West
Printable Version – REBGV March 2023 Data Infographics Report Vancouver East
Printable Version – REBGV March 2023 Data Infographic Report Maple Ridge
Printable Version – REBGV March 2023 Data Infographics Report Pitt Meadows
Printable Version – REBGV March 2023 Data Infographics Report Coquitlam
Printable Version – REBGV March 2023 Data Infographics Report Port Coquitlam
INFOGRAPHICS: February 2023 REBGV Greater Vancouver Market Reports
Below average home sales allow inventory to inch upwards
February listing data show a continued reluctance among prospective home sellers to engage in Metro Vancouver’s housing market, leading to below-average sales activity. With sales remaining well-below historical norms, the number of available homes for sale in the region have continued inching upwards.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,808 in February 2023, a 47.2 per cent decrease from the 3,424 sales recorded in February 2022, and a 76.9 per cent increase from the 1,022 homes sold in January 2023.
Last month’s sales were 33 per cent below the 10-year February sales average.
Read the full report on the REBGV website!
The following data is a comparison between February 2023 and February 2022 numbers, and is current as of March 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 North Vancouver, West Vancouver, Vancouver East, and Vancouver West. Click on the images for a larger view!
Printable Version – REBGV February 2023 Data Infographic Report North Vancouver
Printable Version – REBGV February 2023 Data Infographics Report West Vancouver
Printable Version – REBGV February 2023 Data Infographics Report Vancouver West
Printable Version – REBGV February 2023 Data Infographics Report Vancouver East
Printable Version – REBGV February 2023 Data Infographic Report Maple Ridge
Printable Version – REBGV February 2023 Data Infographics Report Pitt Meadows
Printable Version – REBGV February 2023 Data Infographics Report Coquitlam
Printable Version – REBGV February 2023 Data Infographics Report Port Coquitlam
INFOGRAPHICS: January 2023 REBGV Greater Vancouver Market Reports
Home sales decline below long-term averages and inventory remains low
“Due to seasonality, market activity is quieter in January. With mortgage rates having risen so rapidly over the last year, we anticipated sales this month would be among the lowest in recent history. Looking forward, however, the Bank of Canada has said that it will pause further rate increases as long as the incoming economic data continues to support this policy stance. This should provide more certainty for home buyers and sellers in the market.”
Andrew Lis, REBGV Director, economics and data analytics
Inventory remains low in Metro Vancouver* while home sales dipped well below monthly historical averages in January.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,022 in January 2023, a 55.3 per cent decrease from the 2,285 sales recorded in January 2022, and a 21.1 per cent decrease from the 1,295 homes sold in December 2022.
Last month’s sales were 42.9 per cent below the 10-year January sales average.
Read the full report on the REBGV website!
The following data is a comparison between January 2023 and January 2022 numbers, and is current as of February 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 North Vancouver, West Vancouver, Vancouver East, and Vancouver West. Click on the images for a larger view!
Download Printable Version – REBGV January 2023 Data Infographic Report North Vancouver
Download Printable Version – REBGV January 2023 Data Infographics Report West Vancouver
Download Printable Version – REBGV January 2023 Data Infographics Report Vancouver West
Download Printable Version – REBGV January 2023 Data Infographics Report Vancouver East
INFOGRAPHICS: December 2022 REBGV Greater Vancouver Market Reports
Rising mortgage rates brought uncertainty and caution in 2022
After seeing record sales and prices during the pandemic, Metro Vancouver’s* housing market experienced a year of caution in 2022 due to rising borrowing costs fueled by the Bank of Canada’s ongoing battle with inflation.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 28,903 in 2022, a 34.3 per cent decrease from the 43,999 sales recorded in 2021, and a 6.6 per cent decrease from the 30,944 homes sold in 2020.
Last year’s sales total was 13.4 per cent below the 10-year sales average.
Andrew Lis, REBGV Director, economics and data analytics
Read the full report on the REBGV website!
The following data is a comparison between December 2022 and December 2021 numbers, and is current as of January 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 North Vancouver, West Vancouver, Vancouver East, and Vancouver West. Click on the images for a larger view!
Download Printable Version – REBGV December 2022 Data Infographic Report North Vancouver
Download Printable Version – REBGV December 2022 Data Infographics Report West Vancouver
Download Printable Version – REBGV December 2022 Data Infographics Report Vancouver West
Download Printable Version – REBGV December 2022 Data Infographics Report Vancouver East
INFOGRAPHICS: November 2022 REBGV Greater Vancouver Market Reports
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.
Last month’s sales were 36.9 per cent below the 10-year November sales average.
“With the most recent core inflation metrics showing a stubborn reluctance to respond significantly to the furious pace of rate increases, the Bank of Canada may choose to act more forcefully to bring inflation back toward target levels. While it’s always difficult to predict what the bank will do with certainty, this persistent inflationary backdrop sets up the December 7 rate announcement to be yet another increase, making holiday-season home purchases something people may end up foregoing this year.”
Andrew Lis, REBGV Director, economics and data analytics
Read the full report on the REBGV website!
The following data is a comparison between November 2022 and November 2021 numbers, and is current as of December 2022. 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 North Vancouver, West Vancouver, Vancouver East, and Vancouver West. Click on the images for a larger view!
Download Printable Version – REBGV November 2022 Data Infographic Report North Vancouver
Download Printable Version – REBGV November 2022 Data Infographics Report West Vancouver
Download Printable Version – REBGV November 2022 Data Infographics Report Vancouver West
Download Printable Version – REBGV November 2022 Data Infographics Report Vancouver East
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), 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 REBGV, 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 REBGV, the FVREB or the CADREB.