News Release FOR IMMEDIATE RELEASE: Buyer demand surges in October VANCOUVER, BC – November 4, 2024 – After months of tracking approximately twenty per cent below the ten-year seasonal average, Metro Vancouver1 home sales surged more than 30 per cent year-over-year in October. The Greater Vancouver REALTORS® (GVR) reports that residential sales2 registered on the Multiple Listing Service® (MLS®) in the region totalled 2,632 in October 2024, a 31.9 per cent increase from the 1,996 sales recorded in October 2023. This was 5.5 per cent below the 10-year seasonal average (2,784). “Typically, reductions to mortgage rates boost demand, and the strong October sales numbers suggest buyers may finally be responding to lower borrowing costs after waiting on the sidelines for months,” Andrew Lis, GVR’s director of economics and data analytics said. “To some market watchers, this rebound may come as a surprise, but with four consecutive rate cuts from the Bank of Canada – and more likely to come on the horizon – it was only a matter of time until signs of renewed strength in demand showed up.” There were 5,452 detached, attached and apartment properties newly listed for sale on the MLS® in Metro Vancouver in October 2024. This represents a 16.9 per cent increase compared to the 4,664 properties listed in October 2023. This was 20 per cent above the 10-year seasonal average (4,545). The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 14,477, a 24.8 per cent increase compared to October 2023 (11,599). This total is also 26.2 per cent above the 10-year seasonal average (11,475). Across all detached, attached and apartment property types, the sales-to-active listings ratio for October 2024 is 18.8 per cent. By property type, the ratio is 13.4 per cent for detached homes, 22.5 per cent for attached, and 22.2 per cent for apartments. Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months. “While the strength in October's numbers is encouraging, one data point does not make a trend," Lis said. "Recent data shows that market conditions have been decidedly balanced, with prices easing over the past few months. With the recent uptick in sales however, the attached and apartment segments are now tilting toward a seller’s market with the detached segment not far behind, suggesting the recent period of price moderation may be nearing an end."
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is $1,172,200. This represents a 1.9 per cent decrease over October 2023 and a 0.6 per cent decrease compared to September 2024. Sales of detached homes in October 2024 reached 724, a 25.5 per cent increase from the 577 detached sales recorded in October 2023. The benchmark price for a detached home is $2,002,900. This represents a 0.3 per cent increase from October 2023 and a 1 per cent decrease compared to September 2024. Sales of apartment homes reached 1,393 in October 2024, a 33.4 per cent increase compared to the 1,044 sales in October 2023. The benchmark price of an apartment home is $757,200. This represents a 1.6 per cent decrease from October 2023 and a 0.6 per cent decrease compared to September 2024. Attached home sales in October 2024 totalled 501, a 40.7 per cent increase compared to the 356 sales in October 2023. The benchmark price of a townhouse is $1,108,800. This represents a 0.4 per cent increase from October 2023 and a 0.9 per cent increase compared to September 2024. -30- Editor’s Note: 1. Areas covered by Greater Vancouver REALTORS® include: Bowen Island, Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler. 2. On February 12, 2024, the Real Estate Board of Greater Vancouver changed its organizational name to Greater Vancouver REALTORS®. Greater Vancouver REALTORS® is an association representing more than 15,000 REALTORS® and their companies. The association provides a variety of member services, including the Multiple Listing Service®. For more information on real estate, statistics, and buying or selling a home, contact a local REALTOR® or visit www.gvrealtors.ca. For more information please contact: Mark Moldowan Manager, Communication and Editorial Greater Vancouver REALTORS® 604.730.3153 mmoldowan@gvrealtors.ca
Property Type AreaBenchmark PricePrice Index1 Month Change %3 Month Change %6 Month Change %1 Year Change %3 Year Change %5 Year Change %10 Year Change %Residential / Composite Lower Mainland $1,103,600 336.9 -0.6% -2.3% -3.0% -2.2% 3.6% 36.1% 78.5%Greater Vancouver $1,172,200 333.4 -0.6% -2.1% -2.8% -1.9% 4.6% 31.3% 68.9%Bowen Island $1,446,600 302.7 2.0% 0.2% 3.0% 1.4% 1.4% 54.6% 143.1%Burnaby East $1,139,700 362.4 0.0% -1.5% -2.2% -1.9% 10.0% 32.0% 90.1%Burnaby North $993,200 331.0 -0.4% -2.5% -2.6% -2.8% 5.1% 28.3% 83.8%Burnaby South $1,118,500 346.6 1.6% -2.0% -2.9% -2.6% 7.6% 24.5% 78.6%Coquitlam $1,080,000 339.3 -0.8% -2.8% -4.0% -3.0% 3.4% 35.8% 94.3%Ladner $1,165,200 339.0 -0.8% 1.2% -1.0% 0.4% 9.7% 50.7% 110.8%Maple Ridge $976,300 339.6 0.0% -1.3% -1.7% -0.4% 3.3% 51.7% 142.1%New Westminster $818,900 374.8 -2.1% -0.3% -2.3% -1.3% 10.3% 37.4% 101.7%North Vancouver $1,320,200 307.4 -1.0% -4.6% -4.8% -4.1% 2.3% 27.3% 73.8%Pitt Meadows $954,500 381.2 3.6% 1.7% -0.7% 4.1% 12.6% 59.1% 172.3%Port Coquitlam $947,900 368.5 0.8% -1.5% -2.2% -0.1% 11.0% 51.3% 135.8%Port Moody $1,111,100 354.6 -3.1% -2.6% -2.2% -2.0% 7.5% 45.1% 115.7%Richmond $1,145,300 377.1 -1.4% -1.8% -3.7% -2.6% 7.9% 34.9% 78.3%Squamish $1,099,600 365.3 0.8% 2.0% 0.0% 1.6% 5.2% 39.8% 147.2%Sunshine Coast $843,300 308.9 1.3% 1.0% 0.9% 2.2% 4.9% 51.1% 145.9%Tsawwassen $1,179,400 306.6 -3.1% -5.3% -7.4% -3.2% 3.2% 33.6% 81.3%Vancouver East $1,216,300 379.5 0.8% -0.1% -0.6% 0.1% 8.8% 35.6% 82.1%Vancouver West $1,300,000 308.3 -1.5% -3.0% -3.5% -1.7% 0.4% 15.9% 34.9%West Vancouver $2,513,100 271.2 -1.5% -3.7% -3.0% -5.4% -6.2% 15.5% 37.5%Whistler $1,353,500 299.8 0.3% -0.5% -3.4% -4.8% -3.9% 35.7% 140.4%Single Family Detached Lower Mainland $1,785,600 391.9 -0.9% -2.4% -1.7% 0.6% 7.3% 46.0% 97.8%Greater Vancouver $2,002,900 372.8 -1.0% -2.3% -1.6% 0.3% 7.8% 39.1% 78.1%Bowen Island $1,448,600 302.4 2.0% 0.2% 3.1% 1.4% 1.4% 54.6% 143.3%Burnaby East $1,995,600 428.7 0.7% 2.6% 2.2% 5.7% 19.5% 50.7% 119.5%Burnaby North $2,130,700 407.6 -0.1% -1.6% 0.7% 2.7% 18.4% 47.6% 110.9%Burnaby South $2,241,800 427.9 4.1% -0.7% -0.1% 4.2% 16.9% 43.7% 103.0%Coquitlam $1,804,300 418.7 -0.5% -1.4% -2.4% -0.3% 9.4% 51.9% 130.3%Ladner $1,435,600 349.6 -1.6% 2.6% -0.5% 1.4% 8.0% 57.3% 117.5%Maple Ridge $1,287,500 376.8 0.0% -1.6% -0.7% 0.9% 4.8% 57.8% 167.2%New Westminster $1,597,800 392.5 -0.2% 1.3% -0.3% 3.7% 13.6% 50.0% 114.0%North Vancouver $2,135,600 335.3 -3.4% -6.9% -5.4% -4.6% 2.8% 31.7% 92.3%Pitt Meadows $1,331,600 399.0 5.4% 2.1% -0.2% 2.3% 5.6% 59.9% 164.4%Port Coquitlam $1,456,900 412.4 2.7% 1.4% 1.3% 5.4% 14.8% 62.4% 160.8%Port Moody $2,126,400 406.9 -4.1% -1.2% -1.1% 2.3% 14.2% 53.8% 135.7%Richmond $2,135,700 433.1 -1.5% -2.7% -3.2% -1.0% 7.8% 35.0% 91.5%Squamish $1,515,000 377.9 -0.6% -0.3% -0.6% -1.7% -3.8% 35.7% 169.4%Sunshine Coast $900,900 313.4 1.4% 0.5% 1.3% 2.5% 3.9% 53.2% 150.9%Tsawwassen $1,535,900 339.1 -4.8% -4.7% -8.5% -2.4% 3.6% 42.7% 101.0%Vancouver East $1,891,900 422.0 2.3% 1.3% 1.7% 1.1% 10.9% 39.4% 96.6%Vancouver West $3,369,100 351.1 -3.0% -4.0% -4.1% -1.9% -0.6% 16.2% 43.5%West Vancouver $3,225,900 300.6 -1.3% -3.1% -0.6% -2.4% 0.3% 22.9% 49.7%Whistler $2,413,500 313.7 -0.1% -2.4% -0.1% -0.6% -2.7% 40.2% 139.3%HOW TO READ THE TABLE:• Benchmark Price: Estimated sale price of a benchmark property. Benchmarks represent a typical property within each market.• Price Index: Index numbers estimate the percentage change in price on typical and constant quality properties over time. All figures are based on past sales.• x Month/Year Change %: Percentage change of index over a period of x month(s)/year(s)*In January 2005, the indexes are set to 100.Townhome properties are similar to Attached properties, a category that was used in the previous MLSLink HPI, but do not included duplexes.The above info is deemed reliable, but is not guaranteed. All dollar amounts in CDN.October 2024** MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association 1 of 22
Property Type AreaBenchmark PricePrice Index1 Month Change %3 Month Change %6 Month Change %1 Year Change %3 Year Change %5 Year Change %10 Year Change %October 2024*Townhouse Lower Mainland $974,300 372.0 0.4% -1.6% -2.4% -0.2% 13.0% 46.7% 131.1%Greater Vancouver $1,108,800 387.3 0.9% -1.4% -2.3% 0.4% 13.7% 43.5% 127.6%Burnaby East $897,100 390.7 -0.2% -5.0% -1.0% -0.3% 20.5% 38.7% 120.9%Burnaby North $941,200 383.2 -1.0% -1.2% 1.9% 3.2% 18.2% 38.8% 125.7%Burnaby South $1,035,000 379.4 1.3% -4.9% -5.7% -2.8% 13.3% 30.7% 114.8%Coquitlam $1,033,700 404.4 -3.5% -5.3% -4.3% -2.7% 9.8% 45.5% 147.2%Ladner $1,022,900 406.1 0.2% 0.3% 0.1% 1.2% 17.8% 47.6% 150.8%Maple Ridge $768,900 387.0 -2.2% -2.5% -2.4% -0.1% 9.1% 49.4% 178.0%New Westminster $953,200 408.6 0.3% 0.4% -0.1% -0.3% 17.1% 47.5% 126.2%North Vancouver $1,364,500 373.3 7.4% 0.9% -1.7% 1.9% 15.0% 47.7% 132.0%Pitt Meadows $806,000 395.1 -2.2% -3.9% -6.7% -2.9% 8.4% 42.8% 161.8%Port Coquitlam $882,900 355.9 -1.9% -6.4% -8.6% -7.1% 5.6% 41.6% 136.5%Port Moody $1,046,400 404.3 -1.4% -1.4% -0.1% -1.5% 12.6% 49.9% 156.9%Richmond $1,127,000 404.1 -1.9% -2.8% -2.4% 1.2% 17.8% 45.4% 124.1%Squamish $1,066,100 401.4 2.5% 2.8% -1.5% 1.6% 15.7% 54.9% 185.9%Sunshine Coast $782,100 366.0 3.3% 3.5% -0.2% 2.0% 18.3% 63.6% 163.1%Tsawwassen $1,007,600 295.6 1.1% -0.4% -1.0% -1.2% 10.5% 22.3% 67.1%Vancouver East $1,156,400 381.3 5.5% 1.0% 1.1% 3.6% 11.3% 38.5% 109.9%Vancouver West $1,456,500 343.6 2.8% 0.8% -2.3% 1.4% 8.9% 27.2% 89.3%Whistler $1,734,100 425.4 4.2% 2.8% -1.6% 1.7% 19.1% 67.2% 216.3%Apartment Lower Mainland $704,500 353.5 -0.5% -1.4% -2.5% -1.2% 11.2% 30.6% 105.0%Greater Vancouver $757,200 350.4 -0.6% -1.4% -2.7% -1.6% 10.2% 26.5% 103.0%Burnaby East $787,200 333.4 0.1% -1.0% -3.3% -2.9% 9.1% 25.0% 97.0%Burnaby North $745,000 364.3 0.3% -1.4% -3.2% -2.8% 9.9% 32.6% 115.9%Burnaby South $833,500 381.8 0.2% -1.1% -1.5% -2.4% 12.8% 22.9% 108.0%Coquitlam $735,200 411.6 1.2% -1.6% -2.6% 1.0% 14.2% 36.6% 146.8%Ladner $659,500 334.9 5.4% -5.6% -3.6% -7.0% 5.2% 39.8% 116.5%Maple Ridge $555,000 396.7 5.6% 5.4% 2.1% 5.5% 19.7% 52.1% 175.5%New Westminster $646,000 395.1 -3.2% -0.9% -2.1% -1.6% 13.0% 30.6% 124.1%North Vancouver $790,400 320.9 -1.0% -3.0% -4.0% -2.1% 11.1% 27.2% 111.5%Pitt Meadows $637,200 441.0 6.0% 5.5% 2.6% 6.2% 20.8% 48.0% 175.8%Port Coquitlam $638,200 440.1 -0.4% -1.1% -0.4% 1.7% 17.3% 45.5% 180.5%Port Moody $746,600 408.9 -1.5% -2.0% 0.7% 0.7% 13.3% 37.0% 146.8%Richmond $735,800 408.6 -0.2% 0.4% -3.3% -2.5% 15.2% 35.6% 127.6%Squamish $617,000 364.7 -1.7% 2.2% -1.5% -3.1% 3.2% 26.3% 173.4%Sunshine Coast $515,800 311.7 -2.0% 1.8% -2.9% -6.8% -5.2% 14.8% 105.6%Tsawwassen $658,100 311.5 5.6% -6.4% -5.6% -1.8% 10.0% 30.5% 110.8%Vancouver East $685,500 397.9 -3.2% -2.4% -4.6% -3.4% 5.6% 20.4% 102.0%Vancouver West $829,900 320.8 -1.0% -2.3% -2.6% -1.8% 4.5% 15.1% 81.7%West Vancouver $1,241,500 239.4 -0.3% -3.2% -7.0% -4.5% 6.4% 12.0% 70.8%Whistler $689,100 297.2 -1.2% 2.8% -2.7% -5.4% 5.1% 34.2% 170.9%HOW TO READ THE TABLE:• Benchmark Price: Estimated sale price of a benchmark property. Benchmarks represent a typical property within each market.• Price Index: Index numbers estimate the percentage change in price on typical and constant quality properties over time. All figures are based on past sales.• x Month/Year Change %: Percentage change of index over a period of x month(s)/year(s)In January 2005, the indexes are set to 100.*Townhome properties are similar to attached properties, a category that was used in the previous MLSLink HPI, but do not included duplexes.Lower Mainland includes areas serviced by both Greater Vancouver Realtors & Fraser Valley Real Estate Board.The above info is deemed reliable, but is not guaranteed. All dollar amounts in CDN.* MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association 2 of 22
C:\DATA\MonthEnd\Hpi\export\hi_res\gv-hpi2.tif60110160210260310360410460Oct 2019Dec 2019Feb 2020Apr 2020Jun 2020Aug 2020Oct 2020Dec 2020Feb 2021Apr 2021Jun 2021Aug 2021Oct 2021Dec 2021Feb 2022Apr 2022Jun 2022Aug 2022Oct 2022Dec 2022Feb 2023Apr 2023Jun 2023Aug 2023Oct 2023Dec 2023Feb 2024Apr 2024Jun 2024Aug 2024Oct 2024Price IndexGreater Vancouver 5 Year TrendResidential Detached Townhouse ApartmentJan 2005 HPI = 100
10 31 2024MLS® SALES Facts Bowen Island Burnaby CoquitlamDelta - SouthIslands - Gulf Maple Ridge/Pitt Meadows New Westminster North Vancouver Port Coquitlam Port Moody/Belcarra Richmond Squamish Sunshine Coast Vancouver East Vancouver West West Vancouver/Howe SoundWhistler/PembertonDetached5 65 56 34 2 78 19 74 26 12 95 18 47 80 69 30 13 723Attached0 53 48 13 0 50 12 45 25 18 57 17 7 74 61 8 13 501Apartment0 240 140 21 1 47 89 105 25 36 138 19 8 128 341 19 36 1,393Detachedn/a $2,105,000 $1,788,500 $1,590,500 n/a $1,310,750 n/a $2,150,000 $1,407,500 n/a $1,865,000 n/a $935,000 $1,843,750 $3,350,000 $2,847,500 n/aAttachedn/a $1,130,000 $1,150,000 n/a n/a $809,950 n/a $1,443,000 $995,800 n/a $1,120,000 n/a n/a $1,480,952 $1,640,000 n/a n/a n/aApartmentn/a $711,000 $680,000 $617,000 n/a $518,750 $598,000 $824,000 $592,5 00 $667,500 $693,800 n/a n/a $666,500 $860,000 n/a $539,950Detached3 43 46 27 5 66 7 46 13 13 48 7 38 60 59 30 4 515Attached0 38 26 15 0 45 5 27 16 20 47 24 5 43 50 3 14 378Apartment0 184 83 14 0 27 61 71 22 28 101 6 2 108 200 12 21 940Detachedn/a $2,380,000 $1,700,000 $1,549,000 n/a $1,330,000 n/a $2,050,000 n/a n/a $1,880,000 n/a $862, 500 $1,942,500 $3,765,000 $3,448,000 n/aAttachedn/a $1,002,500 $1,097,900 n/a n/a $790,000 n/a $1,317,000 n/a $1,006, 250 $1,157,000 $957,500 n/a $1,515,000 $1,471,500 n/a n/a n/aApartmentn/a $693,550 $669,000 n/a n/a $531,000 $595,000 $771,101 $537,000 $784,875 $645,000 n/a n/a $675,000 $801,500 n/a $670,000Detached2 55 48 24 5 69 16 59 15 16 50 8 22 78 71 27 11 576Attached0 46 40 13 0 23 6 37 13 10 40 13 3 52 47 2 11 356Apartment0 176 79 14 0 36 59 98 26 25 126 8 4 100 231 24 38 1,044Detachedn/a $1,927,250 $1,662,500 $1,452,500 n/a $1,250,000 n/a $2,050,000 n/a n/a $2,245,000 n/a $952, 262 $2,045,000 $3,360,000 $3,650,000 n/aAttachedn/a $1,085,000 $1,079,900 n/a n/a $780,000 n/a $1,485,000 n/a n/a $1,037,000 n/a n/a $1,402,500 $1,5 00,000 n/a n/a n/aApartmentn/a $700,000 $670,000 n/a n/a $523,450 $599,000 $828,500 $611,250 $750,000 $699,000 n/a n/a $700,000 $844,800 $1,332,000 $575,000Detached42 527 522 313 37 840 145 611 210 106 664 145 396 749 681 344 90 6,422Attached0 414 405 171 2 505 97 358 184 155 535 166 54 693 505 38 146 4,428Apartment0 1,993 1,005 166 1 390 696 921 310 267 1,286 106 43 1,150 2,829 175 243 11,581Detached$1,376,750 $2,168,500 $1,778,500 $1,500,000 $820,000 $1,300,000 $1,580,000 $2,222,000 $1,440,000 $1,908,000 $2,064,000 $1,570,000 $940,000 $1,960,000 $3,514,000 $2,941,000 $2,243,750Attachedn/a $1,078,950 $1,150,000 $1,040,000 n/a $810,000 $980,000 $1,430,000 $942,500 $1,050,000 $1,160,000 $1,024,500 $667,000 $1,4 94,000 $1,625,000 $2,348,750 $1,450,000 n/aApartmentn/a $722,000 $680,000 $650,000 n/a $535,000 $628,000 $800,000 $600,5 00 $762,000 $699,990 $629,038 $550,000 $695,000 $850,000 $1,230,000 $570,000Detached33 560 574 352 54 798 177 608 229 147 720 143 333 794 728 312 103 6,665Attached0 508 397 158 0 436 98 331 147 152 596 135 63 567 450 40 161 4,239Apartment0 2,085 972 165 2 401 658 959 286 355 1,549 98 52 1,147 2,954 193 231 12,107Detached$1,440,000 $1,950,000 $1,730,000 $1,475,000 $825,500 $1,250,000 $1,550,000 $2,100,000 $1,388,000 $1,856,000 $2,000,000 $1,460,000 $950,000 $1,928,000 $3,500,000 $3,150,000 $2,325,000Attachedn/a $1,093,000 $1,151,000 $1,025,000 n/a $794,000 $970,000 $1,420,000 $948,000 $1,025,000 $1,138,000 $969,000 $660,000 $1,400,000 $1,628,000 $1,875,000 $1,425,000 n/aApartmentn/a $726,000 $682,500 $640,000 n/a $520,000 $615,000 $790,000 $599,9 50 $725,000 $685,000 $618,500 $485,000 $680,000 $846,000 $1,238,000 $649,000Note: Median Selling Prices are not reported for areas with less than 20 sales or for the Gulf IslandsJan. -Oct. 2023NumberofSalesMedianSellingPriceOctober2023NumberofSalesMedianSellingPriceJan. -Oct. 2024NumberofSalesMedianSellingPriceOctober2024NumberofSalesMedianSellingPriceSeptember2024NumberofSalesMedianSellingPriceOctober2024TOTALSYear-to-dateYear-to-date
10 31 2024MLS® LISTINGS Facts Bowen Island Burnaby CoquitlamDelta - SouthIslands - Gulf Maple Ridge/Pitt Meadows New Westminster North Vancouver Port Coquitlam Port Moody/Belcarra Richmond Squamish Sunshine Coast Vancouver East Vancouver West West Vancouver/Howe SoundWhistler/PembertonDetached10 109 123 74 6 171 40 158 57 38 172 19 87 180 170 145 21 1,580Attached0 91 96 32 0 99 30 85 27 29 131 26 15 176 171 11 22 1,041Apartment0 444 248 33 1 88 182 228 60 73 280 41 8 250 790 52 48 2,826Detached50% 60% 46% 46% 33% 46% 48% 47% 46% 32% 55% 95% 54% 44% 41% 21% 62%Attachedn/a 58% 50% 41% n/a 51% 40% 53% 93% 62% 44% 65% 47% 42% 36% 73% 59% n/aApartmentn/a 54% 56% 64% 100% 53% 49% 46% 42% 49% 49% 46% 100% 51% 43% 37% 75%Detached16 163 157 78 8 231 39 179 80 55 186 39 105 221 241 156 28 1,982Attached0 102 101 34 0 85 29 105 39 25 126 39 9 222 194 14 24 1,148Apartment0 469 251 37 1 93 172 255 65 61 311 24 6 326 861 56 22 3,010Detached19% 26% 29% 35% 63% 29% 18% 26% 16% 24% 26% 18% 36% 27% 24% 19% 14%Attachedn/a 37% 26% 44% n/a 53% 17% 26% 41% 80% 37% 62% 56% 19% 26% 21% 58% n/aApartmentn/a 39% 33% 38% 0% 29% 35% 28% 34% 46% 32% 25% 33% 33% 23% 21% 95%Detached6 107 113 65 6 200 29 133 42 24 140 27 90 169 157 113 36 1,457Attached0 79 100 23 0 84 14 75 22 15 94 36 8 155 123 10 22 860Apartment0 376 190 28 1 79 106 157 49 42 242 27 8 243 718 40 33 2,339Detached33% 51% 42% 37% 83% 35% 55% 44% 36% 67% 36% 30% 24% 46% 45% 24% 31%Attachedn/a 58% 40% 57% n/a 27% 43% 49% 59% 67% 43% 36% 38% 34% 38% 20% 50% n/aApartmentn/a 47% 42% 50% 0% 46% 56% 62% 53% 60% 52% 30% 50% 41% 32% 60% 115%Detached131 1,237 1,435 683 113 2,128 377 1,421 573 362 1,730 325 1,127 1,920 1,945 1,452 258 17,217Attached1 883 905 322 7 931 239 807 340 258 1,174 282 115 1,766 1,501 129 317 9,977Apartment0 4,535 2,136 333 2 899 1,421 1,98 0 559 494 2,841 232 92 2,590 7,596 470 397 26,577Detached32% 43% 36% 46% 33% 39% 38% 43% 37% 29% 38% 45% 35% 39% 35% 24% 35%Attached0% 47% 45% 53% 29% 54% 41% 44% 54% 60% 46% 59% 47% 39% 34% 29% 46% n/aApartmentn/a 44% 47% 50% 50% 43% 49% 47% 55% 54% 45% 46% 47% 44% 37% 37% 61%Detached98 1,108 1,094 690 112 1,815 337 1,21 7 431 296 1,588 353 978 1,631 1,703 1,289 266 15,006Attached2 846 785 268 5 703 171 588 229 219 1,029 239 111 1,204 1,122 114 269 7,904Apartment0 3,533 1,670 251 3 724 1,048 1,57 7 478 509 2,579 178 98 2,170 6,620 384 311 22,133Detached34% 51% 52% 51% 48% 44% 53% 50% 53% 50% 45% 41% 34% 49% 43% 24% 39%Attached0% 60% 51% 59% 0% 62% 57% 56% 64% 69% 58% 56% 57% 47% 40% 35% 60% n/aApartmentn/a 59% 58% 66% 67% 55% 63% 61% 60% 70% 60% 55% 53% 53% 45% 50% 74%* Year-to-date listings represent a cumulative total of listings rather than total active listings.Jan. -Oct. 2023NumberofListings% Sales to ListingsOctober2023NumberofListings% Sales to ListingsJan. -Oct. 2024NumberofListings% Sales to ListingsOctober2024NumberofListings% Sales to ListingsSeptember2024NumberofListings% Sales to ListingsOctober2024TOTALSYear-to-date*Year-to-date*
Listing & Sales Activity SummaryListings Sales1 2 3 Col. 2 & 3 5 6 7 Col. 6 & 7 9 10 Col. 9 & 10Oct Sep Oct Percentage Oct Sep Oct Percentage Aug 2023 - Aug 2024 - Percentage2023 2024 2024 Variance 2023 2024 2024 Variance Oct 2023 Oct 2024 VarianceBOWEN ISLAND % % %DETACHED 6 16 10 -37.5 2 3 5 66.7 12 13 8.3ATTACHED 0 0 0 0.0 0 0 0 0.0 0 0 0.0APARTMENTS 0 0 0 0.0 0 0 0 0.0 0 0 0.0BURNABY % % %DETACHED 107 163 109 -33.1 55 43 65 51.2 145 151 4.1ATTACHED 79 102 91 -10.8 46 38 53 39.5 138 126 -8.7APARTMENTS 376 469 444 -5.3 176 184 240 30.4 554 628 13.4COQUITLAMDETACHED 113 157 123 -21.7 48 46 56 21.7 148 142 -4.1ATTACHED 100 101 96 -5.0 40 26 48 84.6 109 111 1.8APARTMENTS 190 251 248 -1.2 79 83 140 68.7 281 317 12.8DELTADETACHED 65 78 74 -5.1 24 27 34 25.9 82 92 12.2ATTACHED 23 34 32 -5.9 13 15 13 -13.3 49 42 -14.3APARTMENTS 28 37 33 -10.8 14 14 21 50.0 40 46 15.0ISLANDS - GULFDETACHED 6 8 6 -25.0 5 5 2 -60.0 14 14 0.0ATTACHED 0 0 0 0.0 0 0 0 0.0 0 1 100.0APARTMENTS 1 1 1 0.0 0 0 1 100.0 0 1 100.0MAPLE RIDGE/PITT MEADOWSDETACHED 200 231 171 -26.0 69 66 78 18.2 188 210 11.7ATTACHED 84 85 99 16.5 23 45 50 11.1 111 139 25.2APARTMENTS 79 93 88 -5.4 36 27 47 74.1 103 108 4.9NEW WESTMINSTERDETACHED 29 39 40 2.6 16 7 19 171.4 46 42 -8.7ATTACHED 14 29 30 3.4 6 5 12 140.0 19 26 36.8APARTMENTS 106 172 182 5.8 59 61 89 45.9 175 204 16.6NORTH VANCOUVERDETACHED 133 179 158 -11.7 59 46 74 60.9 147 163 10.9ATTACHED 75 105 85 -19.0 37 27 45 66.7 108 98 -9.3APARTMENTS 157 255 228 -10.6 98 71 105 47.9 267 252 -5.6PORT COQUITLAMDETACHED 42 80 57 -28.8 15 13 26 100.0 70 51 -27.1ATTACHED 22 39 27 -30.8 13 16 25 56.3 41 61 48.8APARTMENTS 49 65 60 -7.7 26 22 25 13.6 77 71 -7.8PORT MOODY/BELCARRADETACHED 24 55 38 -30.9 16 13 12 -7.7 41 31 -24.4ATTACHED 15 25 29 16.0 10 20 18 -10.0 35 47 34.3APARTMENTS 42 61 73 19.7 25 28 36 28.6 76 88 15.8RICHMONDDETACHED 140 186 172 -7.5 50 48 95 97.9 187 188 0.5ATTACHED 94 126 131 4.0 40 47 57 21.3 154 144 -6.5APARTMENTS 242 311 280 -10.0 126 101 138 36.6 449 343 -23.6SQUAMISHDETACHED 27 39 19 -51.3 8 7 18 157.1 30 41 36.7ATTACHED 36 39 26 -33.3 13 24 17 -29.2 44 50 13.6APARTMENTS 27 24 41 70.8 8 6 19 216.7 29 32 10.3SUNSHINE COASTDETACHED 90 105 87 -17.1 22 38 47 23.7 88 129 46.6ATTACHED 8 9 15 66.7 3 5 7 40.0 14 16 14.3APARTMENTS 8 6 8 33.3 4 2 8 300.0 14 15 7.1VANCOUVER EASTDETACHED 169 221 180 -18.6 78 60 80 33.3 226 185 -18.1ATTACHED 155 222 176 -20.7 52 43 74 72.1 122 183 50.0APARTMENTS 243 326 250 -23.3 100 108 128 18.5 324 318 -1.9VANCOUVER WESTDETACHED 157 241 170 -29.5 71 59 69 16.9 195 175 -10.3ATTACHED 123 194 171 -11.9 47 50 61 22.0 136 149 9.6APARTMENTS 718 861 790 -8.2 231 200 341 70.5 788 792 0.5WEST VANCOUVER/HOWE SOUNDDETACHED 113 156 145 -7.1 27 30 30 0.0 93 95 2.2ATTACHED 10 14 11 -21.4 2 3 8 166.7 10 12 20.0APARTMENTS 40 56 52 -7.1 24 12 19 58.3 59 52 -11.9WHISTLER/PEMBERTONDETACHED 36 28 21 -25.0 11 4 13 225.0 26 25 -3.8ATTACHED 22 24 22 -8.3 11 14 13 -7.1 40 44 10.0APARTMENTS 33 22 48 118.2 38 21 36 71.4 66 78 18.2GRAND TOTALSDETACHED 1457 1982 1580 -20.3 576 515 723 40.4 1738 1747 0.5ATTACHED 860 1148 1041 -9.3 356 378 501 32.5 1130 1249 10.5APARTMENTS 2339 3010 2826 -6.1 1044 940 1393 48.2 3302 3345 1.3
05001000150020002500Residential Average Sale Prices - January 1977 to October 2024DETACHED CONDOMINIUM ATTACHED APARTMENTSIN THOUSANDS ($)NOTE: From 1977 - 1984 condominium averages were not separated into attached & apartment.$1,287,408$812,038$2,062,398`````