VANCOUVER EAST APRIL APARTMENT MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release points out that even with stable prices, favourable interest rates and an abundant selection, home buyers remained shy last month, probably due to uncertainty brought on not only by a Federal election but especially because of hyper-erratic American trade policies. Even though year to year newly listed properties are down 3.4 percent, last month’s total inventory is 29.7 percent higher than April 2024. Meantime this April recorded a 23.6 percent decrease in residential sales compared to last April. The composite value of all properties is 1.8 percent lower April to April.
The graph shows a 0.1 percent bump from March to April for the average condominium sale price in Metro Vancouver. This April compared to last April, the overall benchmark price of an apartment is down two percent. Year to year condo sales volume drops 20.2 percent.
Vancouver east apartment prices are 2.1 percent lower last month than April 2024. April to April east side apartment sales fall 23 percent. Year to year east side condo inventory is 8.2 percent lower.
From March to April, east side apartment sales rise 4.8 percent. Month to month inventory creeps up 0.6 percent.