Download Real Estate Statistics and Reports

Recent detailed reports of Real Estate Board of Greater Vancouver for residential and commercial markets

2019 HIGHLIGHTS

May:

  • Sales and Sales per Active Listings substantially improved in May 2019
  • Sales of Houses and Townhouses have been at the same level of May 2018, while the gap vs previous year improved for Condos from 32% in April 2019 to 13%  in May 2019
  • Sales per Active Listings improved to 14% for Houses, and 20% for Townhouses and 21% for Condos getting back to previous year's levels
  • Average price continued to decrease for Houses (-0.5%) and Condos (-0.5%), whereas it increased for Townhouses (0.6%)
  • If this month's trend in sales continues for the following months, the market might experience increase in prices sooner than expected

2018 Highlıghts

 October:

  • Bank of Canada raised interest rates by 0.25% to 1.75% (5th hike since July 2017)


September:

  • For residential tenancies, BC government cut the standard allowable rent increase for 2019 to 2.5% (from 4.5%, which is calculated as inflation rate plus 2%)  


July: 

  • Bank of Canada raised interest rates by 0.25% to 1.50% (4th hike in 12 months)


February:

  • Additional property transfer tax increased from 15% to 20% and extended to other regional districts (Capital, Fraser Valley, Central Okanagan, Nanaimo).
  • A new tax called "speculation and vacancy tax" introduced for vacant homes. For details please visit: Frequently Asked Questions About the Speculation and Vacancy Tax
  • Property transfer tax increased from 3% to 5% for the part above $3 million of residential properties' value. 


January:

  • Mortgage stress test requirement extended to buyers with a down-payment of 20% or more
  • Bank of Canada raised interest rate by 0.25% to 1.25% (3rd time in 6 months)

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