Metro Vancouver Single Family Homes Show Steady Price Gains
Is a slowdown finally on the horizon? A review of sales prices (as indicated by the Greater Vancouver Real Estate Board’s Housing Price Index) shows that benchmark pricing for single-family homes have increased steadily over the past two years.
According to the GVREB, May 2012 sales were at a 10-year low, which certainly does not bode well for prices moving forward. Sales volumes were down for all property types as follows:
| Sales | May ’12 / May ’11 % | |
| Detached Homes | 1,180 | -24.8% |
| Condos | 1,156 | -5.9% |
| Townhomes | 517 | -10.7% |