We are a year out from the last provincial election, and a series of onerous provincial tax amendments on property taxes pertaining to housing as well as changes to the mortgage rules ordered by the Federal Superintendent of Financial institutions have impacted both the volume of residential transactions as well as the previous price trajectory.
It has long been observed whether in the stock or property markets, that volume precedes price. Here is a look at market metrics for single family homes in the Greater Vancouver Real Estate Market over the last year.
MLS Housing Price Index: https://statscentre.rebgv.org/infoserv/s-v1/jHfc-ibm
Median Sales Price (of what’s selling): https://statscentre.rebgv.org/infoserv/s-v1/jHPl-rpm
Sales to Active Listing Ratio (absorption rate): https://statscentre.rebgv.org/infoserv/s-v1/jHPq-WuG
Volume of Sales Transactions: https://statscentre.rebgv.org/infoserv/s-v1/jHPM-K56
The volume of Sales Transactions for single family homes...
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.