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Blog by Don Kennedy

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Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.


The News Release lauds Metro Vancouver Real Estate activity as exceeding the 10 year August average by nearly 20 percent. The active market continues to be the result of low interest rates and insufficient supply. August 2020 compared to the preceding August sees the composite value of all properties up 5.3 percent. August to August residential detached, attached and apartment sales increase 36.6 percent. Even with a healthy year to year increase of 55.1 percent for new listings, the total inventory of listed properties is actually down by 4.4 percent.


The graph shows a jump of 3.6 percent from July to August for the average attached unit price in Metro Vancouver. Last month compared to the previous August the benchmark townhouse price increases 4.4 percent. Year to year the volume of townhome sales rises 51.6 percent.


Last month compared to August 2019 Vancouver east townhouse prices are up 6.6 percent. Year to year attached unit sales are significantly higher, up 51.3 percent. Inventory is also way up, 162.2 percent more this August than the previous August.


July to August east side attached sales rise 21.7 percent. Month to month attached inventory is down 9.2 percent.