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Greater Vancouver Market Report Infographics

Wednesday, December 6, 2023 3:43:41 PM UTC
INFOGRAPHICS: November 2023 REBGV Greater Vancouver Market Reports
English Bay in Vancouver

Balanced conditions come to the Metro Vancouver housing market for the holiday season

With one month left in 2023, a steady increase in housing inventory is offering home buyers across Metro Vancouver1 among the largest selection to choose from since 2021.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales2 in the region totalled 1,702 in November 2023, a 4.7 per cent increase from the 1,625 sales recorded in November 2022. This was 33 per cent below the 10-year seasonal average (2,538).

“We’ve been watching the number of active listings in our market increase over the past few months, which is giving buyers more to choose from than they’ve been used to seeing over the past few years. When paired with the seasonal slowdown in sales we typically see this time of year, this increase in supply is creating balanced conditions across Metro Vancouver’s housing market.”
Andrew Lis, REBGV director of economics and data analytics

Read the full report on the REBGV website!


 

The following data is a comparison between November 2023 and November 2022 numbers, and is current as of December 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 November 2023 Data Infographic Report North Vancouver

Printable Version – REBGV November 2023 Data Infographics Report West Vancouver

Printable Version – REBGV November 2023 Data Infographics Report Vancouver West

Printable Version – REBGV November 2023 Data Infographics Report Vancouver East

Printable Version – REBGV November 2023 Data Infographic Report Maple Ridge

Printable Version – REBGV November 2023 Data Infographics Report Pitt Meadows

Printable Version – REBGV November 2023 Data Infographics Report Port Coquitlam

Printable Version – REBGV November 2023 Data Infographics Report Coquitlam

Printable Version – REBGV November 2023 Data Infographic Report Burnaby North

Printable Version – REBGV November 2023 Data Infographics Report Burnaby South

Printable Version – REBGV November 2023 Data Infographics Report Burnaby East

Printable Version – REBGV November 2023 Data Infographics Report New Westminster

Printable Version – REBGV November 2023 Data Infographics Report Richmond

Printable Version – REBGV November 2023 Data Infographics Report South Surrey / White Rock

 

 

 


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INFOGRAPHICS: October 2023 REBGV Greater Vancouver Market Reports
English Bay in Vancouver

Metro Vancouver housing market holds steady in October

An increase in newly listed properties is providing more choice to home buyers across Metro Vancouver, but sales remain below long-term averages.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales in the region totalled 1,996 in October 2023, a 3.7 per cent increase from the 1,924 sales recorded in October 2022. This total is 29.5 per cent below the 10-year seasonal average (2,832) for October.

“With properties coming to market at a rate roughly five per cent above the ten-year seasonal average, there seems to be a continuation of the renewed interest on the part of sellers to participate in the market we’ve been watching this fall. Counterbalancing this increase in supply, however, is the fact sales remain almost 30 per cent below their ten-year seasonal average, which tells us demand is not as strong as we might expect this time of 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 October 2023 and October 2022 numbers, and is current as of November 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 October 2023 Data Infographic Report North Vancouver

Printable Version – REBGV October 2023 Data Infographics Report West Vancouver

Printable Version – REBGV October 2023 Data Infographics Report Vancouver West

Printable Version – REBGV October 2023 Data Infographics Report Vancouver East

Printable Version – REBGV October 2023 Data Infographic Report Maple Ridge

Printable Version – REBGV October 2023 Data Infographics Report Pitt Meadows

Printable Version – REBGV October 2023 Data Infographics Report Coquitlam

Printable Version – REBGV October 2023 Data Infographics Report Port Coquitlam

Printable Version – REBGV October 2023 Data Infographic Report Burnaby North

Printable Version – REBGV October 2023 Data Infographics Report Burnaby South

Printable Version – REBGV October 2023 Data Infographics Report Burnaby East

Printable Version – REBGV October 2023 Data Infographics Report New Westminster

Printable Version – REBGV October 2023 Data Infographics Report Richmond

Printable Version – REBGV October 2023 Data Infographics Report South Surrey / White Rock

 

 

 


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INFOGRAPHICS: September 2023 REBGV Greater Vancouver Market Reports
English Bay in Vancouver

As inventory increases, price gains relent to begin the fall season

The month-over-month price gains seen earlier this year abated in the Metro Vancouver housing market in September due to a seasonal decline in sales and a modest increase in inventory levels across the region.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,926 in September 2023, a 13.2 per cent increase from the 1,701 sales recorded in September 2022. This was 26.3 per cent below the 10-year seasonal average (2,614).

“A key dynamic we’ve been watching this year has been the reluctance of some homeowners to list their homes given that mortgage rates are the highest they’ve been in over ten years. With fewer listings coming to the market earlier this year than usual, inventory levels remained very low, which led prices to increase throughout the spring and summer months.”
Andrew Lis, REBGV director of economics and data analytics

Read the full report on the REBGV website!


 

The following data is a comparison between September 2023 and September 2022 numbers, and is current as of October 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 September 2023 Data Infographic Report North Vancouver

Printable Version – REBGV September 2023 Data Infographics Report West Vancouver

Printable Version – REBGV September 2023 Data Infographics Report Vancouver West

Printable Version – REBGV September 2023 Data Infographics Report Vancouver East

Printable Version – REBGV September 2023 Data Infographic Report Maple Ridge

Printable Version – REBGV September 2023 Data Infographics Report Pitt Meadows

Printable Version – REBGV September 2023 Data Infographics Report Coquitlam

Printable Version – REBGV September 2023 Data Infographics Report Port Coquitlam

Printable Version – REBGV September 2023 Data Infographic Report Burnaby North

Printable Version – REBGV September 2023 Data Infographics Report Burnaby South

Printable Version – REBGV September 2023 Data Infographics Report Burnaby East

Printable Version – REBGV September 2023 Data Infographics Report New Westminster

Printable Version – REBGV September 2023 Data Infographics Report Richmond

 

 

 


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INFOGRAPHICS: August 2023 REBGV Greater Vancouver Market Reports
English Bay in Vancouver

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

 

 

 


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INFOGRAPHICS: July 2023 REBGV Greater Vancouver Market Reports
English Bay in Vancouver

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

 

 

 


Custom real estate infographics published by myRealPage.com

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INFOGRAPHICS: June 2023 REBGV Greater Vancouver Market Reports
English Bay in Vancouver

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

 

 

 


Custom real estate infographics published by myRealPage.com

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INFOGRAPHICS: May 2023 REBGV Greater Vancouver Market Reports
English Bay in Vancouver

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

 

 

 


Custom real estate infographics published by myRealPage.com

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INFOGRAPHICS: April 2023 REBGV Greater Vancouver Market Reports
English Bay in Vancouver

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

 

 

 


Custom real estate infographics published by myRealPage.com

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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

 

 

 


Custom real estate infographics published by myRealPage.com

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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

 

 

 


Custom real estate infographics published by myRealPage.com

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Reciprocity Logo 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.