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July 2020

Steady increases in home sale and listing activity continue in June

Jul 2, 2020
VANCOUVER, BC – July 3, 2020 – Home buyers and sellers have gradually become more active in each month of the COVID-19pandemic. In June, home sale and listing activity in Metro Vancouver* returned to more historically typical levels.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,443 in June2020, a 17.6 per cent increase from the 2,077 sales recorded in June 2019, and a 64.5 per cent increase from the 1,485 homessold in May 2020.
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Monthly Sales Difference By Unit:
May 2020 to June 2020

Jul 2, 2020
Sales Comparison
  Detached Homes Condos Townhomes
       
Richmond +78.6% +109.4% +37.8%
       
Vancouver West +50.0% +58.4% +13.3%
       
Burnaby +60.5% +42.2% -16.7%

June 2020

Home prices remain steady, buyers and sellers become morecomfortable operating in today’s market

June 2, 2020
Metro Vancouver* home prices have remained steadysince provincial health officials implemented physical distancing requirements in March.

The Real Estate Board of Greater Vancouver (REBGV) reports that the MLS® Home PriceIndex1 composite benchmark price for all residential properties in Metro Vancouver today is$1,028,400. This is virtually unchanged from April 2020, a 1.4 per cent increase over the lastthree months, and a 2.9 per cent increase compared to May 2019.
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Monthly Sales Difference By Unit:
April 2020 to May 2020

June 2, 2020
Sales Comparison
  Detached Homes Condos Townhomes
       
Richmond +16.7% -1.5% +18.4%
       
Vancouver West +40.5% +38.0% +25.0%
       
Burnaby +46.2% +57.9% +57.9%

May 2020

Home sales and listings down amid COVID-19, new toolsand practices emerge to help buyers and sellers adapt

May 4, 2020
Metro Vancouver’s* housing market saw steady homebuyer demand to begin March and a levelling off of activity as the month went on and concernsabout the COVID-19 outbreak intensified.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in theregion totalled 2,524 in March 2020, a 46.1 per cent increase from the 1,727 sales recorded inMarch 2019, and a 17.4 per cent increase from the 2,150 homes sold in February 2020.
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Monthly Sales Difference By Unit:
March 2020 to April 2020

May 4, 2020
Sales Comparison
  Detached Homes Condos Townhomes
       
Richmond -62.9% -60.8% -44.1%
       
Vancouver West -65.4% -58.3% -51.0%
       
Burnaby -62.3% -66.5% -48.6%

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