RESIDENTIAL . COMMERCIAL . BUSINESS
Download Real Estate Statistics and Reports
Recent detailed reports of Real Estate Board of Greater Vancouver for residential and commercial markets
2019 HIGHLIGHTS
- Total sales was 20.3 per cent below the region’s 10-year sales average
- Total listings was 7.6 per cent below the 10-year average
- Sales per active listings improved for all type of housing, and increased from 10.4% to 23.4% for total sales
- Average price continued to decrease for all type of housing (by 3.3% for total)
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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