Download Real Estate Statistics and Reports
Recent detailed reports of Real Estate Board of Greater Vancouver for residential and commercial markets
2019 HIGHLIGHTS
April:
- Total sales are 29% lower vs. April 2018, gap vs last year continues to improve
- Sales per Active Listings is only 9% for houses, and 15% for townhouses and condos
- Average house price continued to decrease, whereas the decrease stopped for townhouse and condo
- Drops from peak price has reached 20% for some cities
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)
