VANCOUVER EAST OCTOBER TOWNHOME MARKET
Attached please find the latest statistics from Greater Vancouver Realtors.
The News Release for October is less optimistic than in other recent months. Although inventory levels are declining, sales last month proved to be sluggish despite a fourth cut in interest rates by the Bank of Canada. With prices receding, conditions for buyers have not been more favourable all year. This October recorded a 14.3 percent decrease in residential sales compared to last October. Year to year newly listed properties are down 0.3 percent while last month’s total inventory is 13.2 percent higher than October 2024. The composite value of all properties is 3.4 percent lower October to October.
From September to October the graph shows a 2.9 percent downturn in prices for attached units in Metro Vancouver. Last month compared to October 2024, the benchmark townhouse price is down 3.8 percent. Year to year townhouse sales volume is 4.8 percent lower.
Last month compared to October 2024 Vancouver east townhouse prices are down 8.9 percent. Year to year attached unit sales increase 6.7 percent. From October to October inventory is up 9.4 percent.
From September to October east side attached sales jump 35.3 percent. Month to month attached inventory declines by 25.2 percent.