Did Vancouver Real Estate really go up 20% in the last year?
True or False?

I want show you the Real Market Change Facts.....
So when you hear Vancouver has gone up 20-30-50% in the last year .... that it is only certain markets segments.

Do checkout Homes, Condos and Townhome Markets that are showing very different market changes!  Click Here

                         EXPAND..Interactive Link

  Single Family Homes 
 

March 2022 update

Here on the first Graph the Year to Date for the Top 50% Single Family Housing Market comparing all cities in both areas, Greater Vancouver with Vancouver Westside and West Vancouver consecutively setting highest price changes.

Meanwhile, in Fraser Valley area, East Surrey showed the most price increase and rest of the cities remains to be Seller's markets!

Yes, the Lower 50% of the SFD (Single Family Detached) Market in fact did go down on average price than the Top 50%. 

But please notice that All cities are increasing mainly due to very low listing inventories. We have one of the lowest listing inventories since 2011. This is partially due to the covid infections/lockdowns resulting in many sellers putting plans on hold. 

Average Graph :We just hate putting in an average price increase graph because it mixes the Top Cash Buyer Market with the Low End Job / Mortgage Market which are so dramatically different. Today we produce this least accurate market trend indicator because most consumers relate better to average market conditions. Please use the top50% or Lower 50% graphs for MUCH MUCH MORE accurate indications of market changes, trends and forecasts

The Condo ​Markets 
 

Lets Look at the Top 50% of the Condo Market which for the 3rd time in years have increases exceeding Canada's Inflation Rate (~2%), where all cities showing all positive %% and increasing price changes. It's the second year now showing positive trend; the first one was last year, Dec 2019 to Dec 2020. 

Check out that even on Lower 50% of the Condo Market, White Rock, Abbotsford, and Langley-Cloverdale

showed the most price increase on its own areas, Vancouver and Fraser Valley respectively. 

The Condo Market has recovered for the past 3 years because of the Demand but with less supply as only few high rises

currently being developed because of the pandemic. 

Average Graph :We just hate putting in an average price increase graph because it mixes the Top Cash Buyer Market with the Low End Job / Mortgage Market which are so dramatically different. Today we produce this least accurate market trend indicator because most consumers relate better to average market conditions. Please use the top50% or Lower 50% graphs for MUCH MUCH MORE accurate indications of market changes, trends and forecasts

The Townhouse ​Markets

Average Graph :We just hate putting in an average price increase graph because it mixes the Top Cash Buyer Market with the Low End Job / Mortgage Market which are so dramatically different. Today we produce this least accurate market trend indicator because most consumers relate better to average market conditions. Please use the top50% or Lower 50% graphs for MUCH MUCH MORE accurate indications of market changes, trends and forecasts

Once again, in both High End and Low End of the Townhouse Markets, White Rock, South Surrey and Langley-Cloverdale increased the most. 

Bill Coughlin "Realtor, Real Estate Analysis & Lifestyle Consultant" [email protected] 1-778-374-3744 cell        1-888-539-4664 Toll free EXP Realty