Market Cools down
According to the Real Estate Board of Greater Vancouver (REBGV) report released in June, home buyer demand continues to decline across the Metro Vancouver housing market and this is allowing housing supply to accumulate.
Last month’s sales were 19% below the 10-year May sales average.
In terms of sales of different types of residential properties, detached homes, apartments and townhouses in May 2018 were lowered by 40%, 29% and 40%, respectively compare to the sales of these types of properties recorded in May 2017.
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.