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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 outlines how Sellers are the beneficiaries of high demand. That demand is outpacing historical averages, thus stimulating prices especially for houses and townhomes. In November the composite value of all properties is up 5.8 percent. November to November residential detached, attached and apartment sales increase 22.7 percent. New listings year to year are up 36.2 percent. Still, the total inventory of listed properties is only up 3.2 percent.


The graph shows an increase of 1.9 percent from October to November in the average price for Metro Vancouver detached properties. The benchmark price for detached homes last month is 9.4 percent higher than November 2019. The volume of house sales is up 28.6 percent year to year.


Last month versus November 2019, east side house prices are 10.4 percent higher. Year over year Vancouver east detached sales rise 29.2 percent. November to November inventory is up 38.9 percent.


From October to November east side house sales dip by 9.3 percent. Month to month east side inventory is 29.9 percent less.