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Home buyer activity returned to near record levels across the Metro Vancouver* housing market in May

Residential property sales in the region totalled 4,364 in May 2017, a decrease of 8.5 per cent from the 4,769 sales in May 2016, an all-time record, and an increase of 22.8 per cent compared to April 2017 when 3,553 homes sold.

 

Last month's sales were 23.7 per cent above the 10-year May sales average and is the thirdhighest selling May on record.

 

"Demand for condominiums and townhomes is driving today's activity," Jill Oudil, Real Estate Board of Greater Vancouver (REBGV) president said. "First-time buyers and people looking to downsize from their single-family homes are both competing for these two types of housing."

 
 
Here is information on sales volumes and new & active listings for detached homes. Information on your area is also available. Please call or email to request.
   
* Note: This representation is based in whole or in part from data generated by the REBGV, while it is deemed to be accurate the REBGV assumes no responsibility for its accuracy.
Mortgage Information

First
Mortgages

Term
Rate
6 months
3.10 %
1 Year
2.29 %
2 year
2.14 %
3 Year
2.34 %
5 Year
2.49 %
7 Year
3.09 %
10 Year
3.69 %
Rates are subject to change, for a current rate quote contact:

Kevin Oake
koake@dominionlending.ca
Your Trusted Mortgage Specialist
Dominion Lending Centers
www.kevinoake.ca
604-816-6242 


Barrie Seaton
Royal LePage West Real Estate Services