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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 reports higher demand and lower supply as vanguard hallmarks for this year.  As a result, upward pressure on value is re-emerging as are multiple offers.

Last month residential detached, attached and apartment sales increase 44.9 percent compared to February 2019. Year to year the total inventory of listed properties declines 20.7 percent while new listings are 2.8 percent higher in that same time period. February to February the composite value of all Metro Vancouver properties is up 0.3 percent.


The graph shows a drop of 2.7 percent from January to February for the average attached unit price in Metro Vancouver. Last month compared to the previous February the benchmark townhouse price creeps up 0.9 percent. Year to year the volume of townhome sales is up 39.8 percent.


February to February Vancouver west townhouses prices increase 0.6 percent. Attached unit sales are up an impressive 79.2 percent year to year. February 2020 versus February 2019 inventory is 8.5 percent lower.


West side attached sales from January to February increase a lot, by 43.3 percent. Month to month Vancouver west attached inventory is down 6.5 percent.