DEVELOPERS MARKET INTELudi.bc.ca/wp-content/uploads/2017/06/Report_June_2017.pdf · 2017-06-27 · Real Estate Board received 3,712 new listings in May 2017, a 25.8 per cent increase

MARKETINTELDEVELOPERS

LOWER MAINLAND

EXCEEDS

JUNE 2017 EDITION

JUNE

For more great real estate intel visit exceedsinc.com/intel and follow us on

social media for weekly updates.

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DEVELOPER MARKET INTEL

In this issue

Sponsored Events

Vancouver Westside

Market Breakdowns

Vancouver EastsideDowntownBurnabyNew WestministerPort Moody

101316192224

5

Coquitlam

RichmondNorth Delta

Surrey

27

333639

Maple Ridge

30

South Surrey/White Rock

Langley4548

Cloverdale42

Abbotsford 51

ExceedsInc.com604.837.8474

2recipient’s reliance upon the information. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change without notice or obligation to the recipient from Exceeds Inc. Information gethered from MLS and Altus Group.

Director’s Report 3News Brief 4

Economic Update 7Upcoming Projects 6

EXCEEDS

JUNE EDITION


EXCEEDS


BENCHMARK PRICE ACTIVITY

MARKET SUMMARY OF THE GREATER VANCOUVER AREA

BENCHMARK PRICE ACTIVITY

MARKET SUMMARY OF THE FRASER VALLEY

Areas covered in Fraser Valley: Surrey, South Surrey/White Rock, Cloverdale, Langley, Abbotsford.

Areas covered in Greater Vancouver Area: Burnaby, Coquitlam, Maple Ridge, New Westminster, Vancouver West Side, Vancouver Eastside, Downtown Vancouver, Port Moody, Richmond, North Delta

DIRECTOR’S REPORT

Jeffrey Anderson

Chief Executive Officer

Welcome to the Exceeds Marketing and Sales Monthly Lower Mainland Intel Report. With the real estate market being a sizable part of media reports in recent months, Exceeds provides you with an in-depth review of the market statis-tics, to potentially correct any misconceptions.

Lower Mainland Sales Propel Up From Last Month

Residential property sales in Metro Vancouver totaled 4,364 in May 2017 - an 8.5 per cent decline from the 4,769 sales recorded in May 2016; and a 22.8 per cent increase compared to last month. May 2017 sales were 23.7 per cent above the 10-year average for the month, due to the increasing demand of condo-miniums and townhomes.The number of condos for sale continue to decline. New listings for detached, attached and apartment properties in Metro Vancouver totaled 6,044 in May 2017; repre-senting a 3.9 per cent decline compared to the 6,289 units listed in May 2016, and a 23.2 per cent increase compared to last month. All residential properties have seen a price increase in May 2017 over last month, suggesting a healthy and strong real estate market.

May housing sales in the Fraser Valley continued to show strength, reaching the Highest sales level in the past 12 months, and second-highest level for a Mayhistorically. Residential property sales in the region totaled 2,707 in May 2017, a 7 per cent decrease from the 2,911 sales recorded in May 2016 and a 21.4 per cent increase compared to last month. The Fraser Valley Real Estate Board received 3,712 new listings in May 2017, a 25.8 per cent increase from last month. All types of properties have seen price increase over last month, suggesting a healthy and strong real estate market.

Single Family Detached: At $915,800, the benchmark pricerepresents a 9.8 per cent increase compared to May 2016 and 3 per cent increase compared to last month.

Apartments: At $295,000, the benchmark price represents a 31 per cent increase compared to May 2016 and a 3.4 per cent increase compared to last month.

Townhomes: At $458,900, the benchmark price represents a 25.7 per cent increase compared to May 2016 and a 2.9 per cent increase compared to last month.

Single Family Detached: At $1,561,000, the benchmark pricerepresents a 3.1 per cent increase over May 2016 and 2.9 per cent increase compared to last month.

Apartments: At $571,300, the benchmark price represents a 17.8 per cent increase over the May 2016 and a 3.1 per cent increasecompared to last month.

Townhomes: At $715,400, the benchmark price represents a 13.1 per cent increase over the May 2016 and a 1.9 per cent increasecompared to last month.


4

JUNE’S TOP HEADLINES

recipient’s reliance upon the information. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change without notice or obligation to the recipient from Exceeds Inc. Information gethered from MLS and Altus Group.

EXCEEDS

NEWS BRIEF

Vancouver’s Affordability Issues Have Only Just BegunThe Vancouver real estate market, far from reaching its peak in terms of unaffordability and lack of housing, is merely “dancing on the edges of a massive problem,” according to one leading development marketer.

Most and Least Affordable Local Real Estate Markets RevealedVancity found that, in terms of all home types combined, Langley City was indeed the most affordable, followed by Sooke and Victoria.

Toronto and Vancouver housing markets threaten Canada’s rapid economic growthThe Organization for Economic Co-operation and Development says Canada’s economy is growing so fast the country might soon hit full employment, but it remains worried about “overheating” housing markets in Vancouver and Toronto.

Rising Debt, Sizzling Housing Markets Leave Canada More Vulnerable: Central Bank The country's financial system has become increasingly exposed to economic shocks amid the continued rise of household debt and still-scorching housing prices in major markets, the Bank of Canada said Thursday.

‘From hot to hotter’: For the First Time on Record, Most Canadians Expect to See Home Prices Rise. Expectations for Canada’s housing market are heating up, with more than half of respondents in a weekly telephone survey predicting home prices will rise, the first time the measure has topped 50 per cent in records dating back to 2008.

Housing at A Premium in Most B.C. Regions: Real Estate AssociationThe British Columbia Real Estate Association says a lack of homes on the market means buyers are paying more for housing across the province.

ECONOMIC UPDATE USD/CAD Exchange Rates Mortgage Rates

Consumer Confidence


7

JUNE’S

EXCEEDS

Date USD CAD

Jul $1.303385

Aug $1.299904

Sept $1.310199

Oct $1.325012

Nov $1.344931

5-yearVariable

2.25% 3.39% 2.49%

2.30% 3.49%

2.30% 3.34%

2.34% 2.36%

2.70% 2.54%

2.70% 3.39%

2.70% 3.69%

2.85 3.59%

3-yr Fixed

HSBC

2.69%

4.44%

4.64%

4.79%

2.94%

4.66%

2.89%

6.04%

4.69%

5.70%

6.10%

6.09%

6.10%

6.12%

3.94%

2.90% 3.39% 4.64% 5.79%

5-yr Fixied 10-yr FixedProvider

Tangerine

PC Financial

TD Bank

CIBC

National Bank

RBC Royal BANK

Bank ofMontreal

Scotiabank

Prime -0.45

Prime - 0.40

Prime -0.40

Prime -0.36

Prime 0.00

Prime -0.00

Prime -0.00

Prime +0.15

Prime +0.20

The Conference Board of Canada’s Index of Consumer Confidence fell 2.3 points in April to 109.4 (2014 = 100). The decline ended a streak of two consecutive increases, but the index’s elevated level suggests that consumers remain optimistic about their economic prospects after several months of strong economic growth and employment gains at the national level. Consumer Confididence is report by the Confrence board of Canada.

Dec $1.333649

Jan $1.323423

recipient’s reliance upon the information. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change without notice or obligation to the recipient from Exceeds Inc

Feb $1.316519

$1.341563Mar

$1.333290Apr

$1.371052May

2.35% 3.39% 2.79% 6.10%LaurentianPrime -0.35


8

ECONOMIC UPDATE JUNE’S

EXCEEDS

Gold Crude Oil Prices $

July

31, 2015

Aug

31, 2015

Sept

30, 2015

Oct

31, 2015

Nov

30, 2015

Dec

31, 2015

Jan

31, 2016

Feb

29, 2016

Mar

ch 3

1, 2016

Apr

il 30, 2016

May

31, 2016

June

30, 2016

July

31, 2016

Aug

31, 2016

Sept

30, 2016

Oct

31, 2016

$30

$60

$50

$40

54.3

4

45.6

9

46.2

8

46.9

6

43.1

1

36.5

729.7

8

31.0

337.3

4

40.7

5

45.9

4

47.6

9

44.1

3

44.8

7

45.0

4

49.3

0Unemployment Rates

Canada

British Columbia

Unemployment Rate(seasonally adjusted)

Monthly percent change(drop in unemployment)

6.7

5.4

-0.1%

-0.3%

Employment was little changed in March (+19,000 or +0.1%), while the unemployment rate rose 0.1 percenta.ge points to 6.7% as more people searched for work Unemployment Rate in Canada is reported by Statistics Canada.

2,000 USD

1,750 USD

1,500 USD

1,250 USD

1,000 USD 1,200 CAD

1,400 CAD

1,600 CAD

1,800 CAD

2014 2015 2016

USD CAD

2,000 CAD

Nov

30, 2016

45.2

6

Dec

31, 2016

52.6

22017


Jan

31, 2017

53.5

9

Feb

28, 2017

54.3

5

Mar

31, 2017

50.9

0

Mar

31, 2017

50.9

0


9

ECONOMIC UPDATE JUNE’

EXCEEDS

Migration

Labour Force for British Columbia

4.3Population

13.9

4.2

9.7

--

--

--

Feb 2017 to Mar 2017

Labour Force

Employment

Unemployment

ParticipationRate (%)

0.1

0.5

0.2

7.5

0.3

0.3

--

UnemploymentRate (%)

EmploymentRate (%)

(Thousands) %

Q3

Alberta

Saskatchewan

Manitoba

Ontario

Quebec

Atlantic

International

Entering British Columbia Exiting British Columbia

Territories

2,420

564

887

510

91

14,798

11

116

Total Net: 18,377


3,959.4

2,568.9

2,438.8

130.1

64.9

5.1

61.6

Feb 2017

3,963.7

2,582.8

2,443.0

139.8

65.2

5.4

61.6

Mar 2017

Q4

Alberta

Saskatchewan

Manitoba

Ontario

Quebec

Atlantic

International

Entering British Columbia Exiting British Columbia

Territories

1,913

343

307

273

182

660

189

85

Total Net: 2,632

SURREYJUNE

Concrete Condos

Woodframe Condos

Sales Price Per Square Foot

Single Family Home

Townhomes

Average Unit Size (Sqft)

Lofts - Concrete Condos

Woodframe Condos

Market Summary

Region Update

Aug 2016$565 - $570

Aug 2016$410 - $420

Aug 20162000 - 3000

Aug 20161200 - 1500

Aug 2016550 - 1000

Aug 2016550 - 1000

Oct. 2009

Oct. 2010

Average Rental Rates

Minimum Maximum Average

Studio

1

2

--

$800

$925

Bedrooms

--

$900

$1,075

--

$850

$1.012

3

4

$1,150

--

$1,350

--

$1,250

--



New Construction - Dec 2016Number of

Projects Total Homes HomesAvailable

Mid Rise 1

6

8

Product Type

99

546

722

56

108

100

2 101 20

Total HomesSold

43

423

400

60

High Rise 4 1,536 127 1,409

Townhomes

Single Family

Low Rise

Dec 2016$330 - $575

Dec 2016$240 - $360

Dec 20163200 - 4300

Dec 20161300 - 2000

Dec 2016510 - 1725

Dec 2016550 - 1600

EXCEEDS

Detached House Market remains strong: The sales of detached houses totaled 366 in May 2017, a 13 per cent increase from April 2017 when 323 detached homes were sold. The median price of detached houses in May 2017 is $919K, a 5 per cent increase from April 2017. The absorption rate is 49 per cent, suggesting a seller’s market. Detached homes with the price between $700K-800K are the most active. Due to strong demand, we expect that the detached homes will continue to show signs of improvement in the coming months.

Condo and Townhouse Market is hot: The sales of condos and townho-mes totaled 428 in May 2017, a 12 per cent increase from April 2017 when 382 multifamily homes were sold. The median price of multifamily homes in May 2017 is $380K, a 7 per cent increase from April 2017. The absorption rate is 97 per cent, suggesting an obvious seller’s market. Multifamily homes with a price between $200K-300K are the most active. Due to high absorption rate and low inventory, we expect that the multifamily home market will continue to show signs of improvement in the coming months.

Detached HousesSURREYJUNE

0 - 100k100k - 200k200k - 300k300k - 400k400k - 500k500k - 600k600k - 700k700k - 800k800k - 900k

900k - 1000k1000k - 1250k1250k - 1500k1500k - 1750k1750k - 2000k2000k - 2250k2250k - 2500k2500k - 2750k2750k - 3000k3000k - 3500k3500k - 4000k

4000k & Greater

84

91

155

5132

28t

9

65

Price - Inventory/Sales

77% 0

125

270

22% 63% 51% 33%32 266 245 205

0

Inventory

Sales

7 167 124 68

2 B

edro

oms

& L

ess

3 t

o 4

Bed

room

s

5 t

o 6

Bed

room

s

7 B

edro

oms

& M

ore

Bedroom Summary

Varlance

Inventory

Solds

Sale Price

Sale Price SQFT

Sale to List Price Ratio

Days on Market

13%

13%

5%

6%

2%

-15%

MAYMAY JUN JUL AUG SEP OCT

$889,9500$843,000

$861,000

$850,800

$825,000$790,000 $780,000

$821,500

13 month trend Average prices

10

20

30

40

50

60

70

74%

Bear

Cre

ekG

reen

TIm

bers

Boliv

ar H

eigh

ts

Brid

gevi

ew

Ced

ar H

ills

East

New

ton

Fras

er H

eigh

ts

Pano

ram

a Ri

dge

Que

en M

ary

Park

Wes

t New

ton

54

40

Community

Inventory

Sales Ratio

Sales

13077 59%

69 76%

13697 71%

1822 82%

757%

30 19%

5

3

2

Reet

woo

d Ty

nehe

ad

Gui

ldfo

rd

Port

Kells

Roya

l Hei

ghts

Wha

lley

Sulli

van

Stat

ion

57%

54

31

17

55%

56

31

58%

84

49

47%

74

35

31%

70

22

43%

23

10

39% 100%

74

29

51%

61

31

36%

22

8

79%

34

27

49%

73

36

25%

51

13

InventorySales

Median Data

7

NOV DEC

$800,000$845,450

18%3


11

May

748

366

$919,500

$377

102%

11

April

660

323

$875,000

$357

100%

13

5 10%

JAN


FEB

$861,000

MAR

$919,500

4

2

APR

MAYMAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR

$875,000

EXCEEDS

1 4%

16

1

1

InventorySales835

900 1040 1065 1064991

380

365

201150 129 126

13 month trend inventory and sales

893

137

573

110

619

117

627

144

642

269

660

323366

748

Condos and TownhomesSURREYJUNE

Varlance

Inventory

Solds

Sale Price

Sale Price SQFT


Days on Market

9%

12%

7%

1%

-1%



4000k & Greater

87

10395 108%

3122 77%

Inventory

Sales

13 month trend average prices


0

100

200

93% 90% 105% 125%103 185 124 28

096 167 130 35167

0 t

o 1

Bed

room

2 B

edro

oms

3 B

edro

oms

4 B

edro

oms

& M

ore

MAY JUN JUL AUG SEP OCT

$304,450

$300,000

$314,500 $315,000

$320,000

InventorySales

678

582 620 584 577

366 383306 313

238 279

488

$316,800

Price - Inventory/Sales Bedroom Summary

Inventory

Sales Ratio

Sales

18%

131116 89%

12 100%12

75 116%

79 106%84

17

2

150

Median Data

3

NOV

$301,000

198

456

20

40

60

80

100

120

140

88%

Bear

Cre

ekG

reen

TIm

bers

Boliv

ar H

eigh

tsBr

idge

view

Ced

ar H

ills

East

New

ton

Fras

er H

eigh

ts

Pano

ram

a Ri

dge

Que

en M

ary

Park

Wes

t New

ton

Community

Reet

woo

d Ty

nehe

ad

Gui

ldfo

rd

Port

Kells

Roya

l Hei

ghts

Wha

lley

Sulli

van

Stat

ion

82

95%

42

40

138%

47

34

95%

62

59

10

116% 100%

28

16

8

107%

47

44

104%

53

51

80%

160

128

InventorySales

DEC

$297,000

287

180


12

May

440

428

$380,000

$332

101%

8

April

402

382

$355,888

$330

102%

8

63%

4

70%

JAN

$332,000

400

165


FEB

$362,000

440

261

1

100%

MAR

420

416

$332,000

APR MAY

MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY

402440

382428

$355,888

$380,000

EXCEEDS

1 17 5 9

SOUTH SURREY/WHITE ROCK

JUNE

Concrete Condos

Woodframe Condos


Single Family Home

Townhomes



Woodframe Condos


Market Summary

Region Update

Aug 2016$565 - $570

Aug 2016$410 - $420

Aug 20162000 - 3000

Aug 20161200 - 1500

Aug 2016550 - 1000

Aug 2016550 - 1000


Studio

1

2

$541

$615

$739

Bedrooms

$810

$812

$883

$602

$706

$808

3

4

$1,053

$1,150

$1,254

$1,541

$1,151

$1,404



Dec 2016$400 - $675

Dec 2016$350 - $480

Dec 20162400 - 3300

Dec 20161400 - 2000

Dec 2016720 - 1600

Dec 2016675 - 1100

New Construction - Nov 2016Number of


2

12

3

Product Type

364

835

167

75

214

13

Total HomesSold

279

422

72

1 36 1 35Mid Rise

Townhomes

Low Rise

Single Family

EXCEEDS

Detached House Market remains hot: The sales of detached houses totaled 166 in May 2017, a 29 per cent increase from April 2017 when 129 detached homes were sold. The median price of detached houses in May 2017 is $1,350K, a 2 per cent decline from April 2017. The absorption rate is 29 per cent, suggesting a seller’s market. Detached homes with the price between $1250K- 1500K are the most active. Due to strong demand, we expect that the detached homes will continue to show signs of improvement in the next couple of months.

Condos and Townhouse Market remains steady: The sales of condos and townhomes totaled 186 in May 2017, a 22 per cent increase from April 2017 when 152 multifamily homes were sold. The median price of multifamily homes in April 2017 is $520K, a 4 per cent increase from April 2017. The absorption rate is 73 per cent, suggesting an obvious seller’s market. Multifamily homes with the price between $600K- 700K are the most active. Due to a high absorption rate, and a low inventory, we expect that the multifamily homes will continue to show signs of improvement in the coming months.

Detached Houses


JUNE



4000k & Greater

106


0

150

300

32% 39% 20%

31

0

Inventory

Sales

14110 40

2 B

edro

oms

& L

ess

3 t

o 4

Bed

room

s

5 t

o 6

Bed

room

s

7 B

edro

oms

& M

ore

Bedroom Summary

Varlance

Inventory

Solds

Sale Price

Sale Price SQFT


Days on Market

9%

29%

2%

5%

--

-19%


$1,498,000$1,425,000

$1,393,750

$1,495,000

$1,358,400

$1,379,250

InventorySales

424 455506 534 551 527

205 161 11866 42 64


13 month trend inventory and sales 20

40

60

80

100

120

140

23%

Cre

scen

t Be

ach

Oce

an P

ark

Elgi

n C

hant

rell

Gra

ndvi

ew

Haz

elm

ere

Kin

g G

eorg

eC

orri

dor

Paci

fic D

ougl

as

Whi

te R

ock

104

24

Community

Inventory

Sales Ratio

Sales

38 36%

Mor

gan

Cre

ek

Sunn

ysid

e Pa

rk

14%

92

13

27%

7

54%

46

25

31%

51

16

45%

20

9

71%

34

24

26%

152

39

6346 73%

916 178%

4

8019 24%

6511

52%25

34

434 9%

1

21

59

16

InventorySales

Median Data

6%2

NOV

$1,390,000

466

62


DEC

$1,380,952

323

47

13

17%


3 75%

JAN

$1,409,500

434

44

FEB

$1,306,000

474

73

May

565

166

$1,350,000

$519

98%

22

April

518

129

$1,325,000

$493

98%

27

MAR

$1,320,000

476

117

1

2 6%

APR MAY


$1,320,000

$1,350,000

518565

129166

EXCEEDS

59

307 23%

4 7%

1 5%

4%1 26

44 285 205

Condos and Townhomes


JUNE

Varlance

Inventory

Solds

Sale Price

Sale Price SQFT


Days on Market

4%

22%

4%

-5%

2%

10%



4000k & Greater

31

35

13

Inventory

Sales


0

100

200

83% 76% 76% 56%30 115 66 43

0

25 87 50

0 t

o 1

Bed

room

2 B

edro

oms

3 B

edro

oms

4 B

edro

oms

& M

ore

MAYMAY

24

JUN JUL AUG SEP OCT

$433,500 $449,500

$394,950

$440,000

$435,000

InventorySales

214

194 232 233291

230

190140 112

103 107

305

$456,950


Inventory

Sales Ratio

Sales

33

20 115%23

1

2

110%30

66%23

68%21

26 76%34

25

17

Median Data

NOV

$452,750

118

269

3489%38


20

40

60

80

100

120

140

Cre

scen

t Be

ach

Oce

an P

ark

Elgi

n C

hant

rell

Gra

ndvi

ew

Haz

elm

ere

Kin

g G

eorg

eC

orri

dor

Paci

fic D

ougl

as

Whi

te R

ock

6

CommunityM

orga

n C

reek

Sunn

ysid

e Pa

rk

100%

2 1

72% 81%

37

30

54%

13

7

56%

9

176%

30

17

51%

95

48

76

55

InventorySales

DEC

$469,000

166

87

15

May

254

186

$520,000

$421

102%

11

April

245

152

$499,999

$444

100%

10

14 56%

4

3

JAN

$482,450

227

92


FEB

$413,750

7

216

118

62%

MAR

$452,742

220

215

1 200%

120%

APR


$499,999

$520,000

220254

152 186


EXCEEDS

1 6%

25%

8

2

5

1

VANCOUVERWESTSIDE

JUNE

Concrete Condos

Woodframe Condos


Single Family House



Woodframe Condos

Market Summary

Region Update

Sept 2016$1600 - $1700

Sept 2016$990 - $995

Sept 20165500 - 10000

Sept 2016650 - 1850

Sept 2016750 - 1600

Townhomes

Sept 20161500 - 1800

Oct. 2009

Oct. 2010



Studio

1

2

$682

$997

$1,435

Bedrooms

$917

$1,310

$2,006

$800

$1,154

$1,721

3

4

$1,963

$2,198

$2,535

$3,025

$2,249

$2,612



Nov 2016$830 - $1500

Nov 2016$850 - $1350

Nov 20165500 - 10000

Nov 2016625 - 1850

Nov 2016750 - 1900

Nov 20161300 - 1600



Mid Rise 9

2

1

Product Type

838

80

40

732

69

16

Total HomesSold

106

11

24

High Rise 5 552 410 142

Townhomes

Low Rise

EXCEEDS

Detached House Market is hot: The sales of detached houses totaled 185 in May 2017, a 67 per cent increase from April 2017 when 111 detached homes were sold. The median price of detached houses in April 2017 is $3,400K, a 2 per cent up from April 2017. The absorption rate is 32 per cent, suggesting a buyer’s market. Detached homes with the price between $3,000K-3,500K are the most active. We expect the detached home market will continue to show signs of improvement in the coming months.

Condo and Townhouse Market is hot: The sales of condos and townho-mes totaled 315 in May 2017, a 24 per cent increase from April 2017 when 254 multifamily homes were sold. The median price of multifamily homes in May 2017 is $828K, a 5 per cent increase from April 2017. The absorption rate is 82 per cent, suggesting an obvious seller’s market. Multifamily homes with the price between $1,000K-1,250K are the most active. Due to a high absorption rate, and strong demand, we expect that the multifamily homes will continue to show signs of improvement in the coming months.

Detached Houses

VANCOUVERWESTSIDE

JUNE

0 - 300k300k - 400k400k - 500k500k - 600k600k - 700k700k - 800k800k - 900k

900k - 1000k1000k - 1250k1250k - 1500k1500k - 1750k1750k - 2000k2000k - 2250k2250k - 2500k2500k - 2750k2750k - 3000k3000k - 3500k3500k - 4000k4000k - 4500k4500k - 5000k

5000k & Greater


0

150

300

29% 40% 29%24 200 283 61

0

Inventory

Sales

7 79 82

2 B

edro

oms

& L

ess

3 t

o 4

Bed

room

s

5 t

o 6

Bed

room

s

7 B

edro

oms

& M

ore

Bedroom Summary

Varlance

Inventory

Solds

Sale Price

Sale Price SQFT


Days on Market

1%

67%

2%

2%

1%

-31%


$3,550,000 $3,675,000

$3,519,000

$3,550,000

$2,990,000$3,240,000

InventorySales

528557

587

574617

570

189152

10863 60

78


Inventory

Sales Ratio

Sales

14%232

7212 17%

710 143%

3621 58%

51

Inventory

85%

17

28%

Community

10

20

30

40

50

60

70

Arbu

tus

Cam

bie

Dunb

ar

Kitsi

lano

Poin

t Gre

y

SW M

arin

e

Sout

h G

ranv

ille

Kerri

sdal

e

Mac

kenz

ie H

eigh

ts

Qui

lchen

a

Shau

ghne

sy

Sout

hlan

ds

Sout

h Ca

mbi

e

76%

25

19

41%

29

12

18%

22

4

29%

36

8

19

9

20

30%

33

6

15%

68

10

Unive

rsity

61

39%

57

22

5220 38%

11

20 80%16

67%34

7621 28%

22

15

Mar

pole

Oak

ridge

68% 39%

67

26

27%

43

24

32

Median Data

47% 18%6

Mou

nt P

leas

ant

14%

71

10

6

26

8%7

21

Sales

NOV

$3,500,000

DEC

$3,480,000

503

69

337

63


17

May

568

185

$3,400,000

$1,188

99%

20

April

561

111

$3,320,000

$1,170

98%

29

JAN

$2,820,000

537

37


FEB

$3,111,288

544

93

1

1

33%

2

MAR

$3,500,000

532

95

1

13

Fairv

iew

100%

1

100%

APR MAY


$3,320,000

$3,400,000

561

111

185

EXCEEDS

56 120%

100%

100%

14%

3

1

1

1

568

Condos andTownhomes

VANCOUVERWESTSIDE

JUNE

Varlance

Inventory

Solds

Sale Price

Sale Price SQFT


Days on Market

2%

24%

5%

3%

1%

-11%

0 - 300k300k - 400k400k - 500k500k - 600k600k - 700k700k - 800k800k - 900k


5000k & Greater

27

41

Inventory

Sales



0

150

300

111% 83% 58% 17%95 190 86 10

0105 158 50 2

0 t

o 1

Bed

room

2 B

edro

oms

3 B

edro

oms

4 B

edro

oms

& M

ore


$695,500

$685,000

$715,000

$665,000

$715,500

InventorySales

395 378 397365

433

328304

254 187161

465

$693,000


Inventory

Sales Ratio

Sales

121%34

30%

5

8

1

28 168%47

10

175

1

4

6

30 67%

5

7

118%

16100%16

29%

34

2

Median Data

2

7

InventoryCommunity

10

20

30

40

50

60

70

Cam

bie

Dunb

ar

Kitsi

lano

40

Poin

t Gre

y

SW M

arin

e

Sout

h G

ranv

ille

Kerri

sdal

e

Qui

lchen

a

Shau

ghne

sy

Sout

hlan

ds

Sout

h Ca

mbi

e

63%

27

17

120%

61

51

95%

22

21

131%

71

54

25

11

9 8

88%

8

Unive

rsity

6

Mar

pole

Oak

ridge

7

111%

42

38

44% 150%5

Mou

nt P

leas

ant

67%

914 14

Sales

21 62%34

57 46%26

46 63%29

44%

3

Fairv

iew

False

cree

k

58%

89

52

NOV

$760,000

DEC

$728,000

161

405

111

246


18

May

383

315

$828,000

$916

104%

8

April

376

254

$785,000

$890

103%

9

1

4

JAN

$688,888

111

348


FEB

$789,000

180

377

48 166%29

20

8

100%8

4

44% 63%4

MAR

$775,000

250

361

75%6

150

43%7

43%6

14% 100%2 1

APR MAY


$785,000$828,000

254

315

376383

EXCEEDS

3

1 17%

11%2

1

2

VANCOUVEREASTSIDE

Concrete Condos

Woodframe Condos


Townhomes



Woodframe Condos

Market Summary

Region Update

Aug 2016$680 - $685

Aug 2016$565 - $570

Aug 20161100 - 1600

Aug 2016400 - 1000

Aug 2016500 - 1000

Oct. 2009

Oct. 2010



Studio

1

2

$618

$785

$988

Bedrooms

$969

$1,100

$1,307

$734

$943

$1,148

3

4

$1,159

$1,321

$1,449

$1,703

$1,304

$1,512


19

JUNE



Projects Total Homes

High Rise

Mid Rise

Low Rise

1

2

4

Product Type

398

133

106

4

59

14

Townhomes 2 41 5

Total HomesSold

394

74

84

36

HomesAvailable

Dec 2016$635 - $850

Dec 2016$680 - $875

Dec 2016600 - 1350

Dec 2016475 - 1225

Dec 2016525 - 975

EXCEEDS

Detached House Market is hot: The sales of detached houses totaled 199 in May 2017, a 40 per cent increase from April 2017 when 142 detached homes were sold. The median price of detached houses in April 2017 is $1,650K, a 6 per cent increase from April 2017. The absorption rate is 27 per cent, suggesting a sell’s market. Detached homes with the price between $1,500K- 1,750K are the most active. We expect the detached home market will continue to show signs of improvement in the coming months.

Condo and Townhouse Market is hot: The sales of condos and townho-mes totaled 315 in May 2017, a 24 per cent increase from April 2017 when 254 multifamily homes were sold. The median price of multifamily homes in May 2017 is $828K, a 5 per cent increase from April 2017. The absorption rate is 82 per cent, suggesting an obvious seller’s market. Multifamily homes with the price between $1,000K-1,250K are the most active. Due to a high absorption rate, and strong demand, we expect that the multifamily homes will continue to show signs of improvement in the coming months.

Detached Houses

VANCOUVEREASTSIDE

JUNE

0 - 300k300k - 400k400k - 500k500k - 600k600k - 700k700k - 800k800k - 900k


5000k & Greater

125


0

200

400

33% 32% 27%39 227 341 119

0

Inventory

Sales

13 72 92

2 B

edro

oms

& L

ess

3 t

o 4

Bed

room

s

5 t

o 6

Bed

room

s

7 B

edro

oms

& M

ore

Bedroom Summary

Varlance

Inventory

Solds

Sale Price

Sale Price SQFT


Days on Market

1%

40%

6%

6%

4%

-8%

MAYMAY JUN JUL AUG SEP OCT

$1,564,500

$1,630,000$1,622,500

$1,472,500

$1,545,500

$1,417,500

InventorySales

448493

551 584 652 672

220 164116

80 67 64


Inventory

Sales Ratio

Sales63 50%

9747 48%

21 76%

123

4715 32%

98

58

65

59

4

11

7

Inventory

1

16

22

18%

Community

20

40

60

80

100

120

140

Cha

mpl

ain

Hei

ghts

Col

lingw

ood

Dow

ntow

n

Fras

er

Fras

ervi

ew

Has

tings

Kila

rney

Mai

n

Renf

rew

2

Gra

ndvi

ew

East

Has

tings

Kni

ght

Mou

nt P

leas

ant

Sout

h Va

ncou

ver

Renf

rew

Hei

ghts

11%

76

8

52%

42

18%

40

7

68

26%

15

18 3

37%

19

7

24%

46

25

12

24%

59

14

13%

132

17

Vic

tori

a

25%

36

22

33%

72

24

31

Median Data


38 31%

7

Sales

30%

76

23 9

670

79

501

63

NOV

$1,450,000

DEC

$1,375,000

20

1

1

3%

5%

14%

JAN

$1,355,000

586

52


May

726

199

$1,650,000

$734

103%

12

April

719

142

$1,552,500

$692

99%

13

2

3

20% 39%12

75%

FEB

$1,499,000

9

619

83

MAR

$1,540,000

641

154

14 14%

50%

APR


$1,552,500 $1,650,000

719726

142

199

EXCEEDS

2


VANCOUVEREASTSIDE

JUNE

Varlance

Inventory

Solds

Sale Price

Sale Price SQFT


Days on Market

7%

25%

2%

7%

4%

13%

0 - 300k300k - 400k400k - 500k500k - 600k600k - 700k700k - 800k800k - 900k


5000k & Greater

26

28

Inventory

Sales


0

100

200

122% 87% 64%87 127 53 5

0106 110 34

0 t

o 1

Bed

room

2 B

edro

oms

3 B

edro

oms

4 B

edro

oms

& M

ore

MAY MAYJUN JUL AUG SEP OCT

$480,000$520,000

$490,000

$475,000

$491,500

InventorySales

227

184177

205247

209

225

157133 129

296

$478,000


Inventory

Sales Ratio

Sales

3

2

1

1

102%59

67%24

124%21

19

33%

26 92%24

37 116%43

107 77%13

4

19 73%

133

Median Data

8

26


InventoryCommunity

20

40

60

80

100

120

140

Cha

mpl

ain

Hei

ghts

Col

lingw

ood

Dow

ntow

n

Fras

er

Fras

ervi

ew

Has

tings

Kila

rney

Mai

n

Renf

rew

Gra

ndvi

ew

East

Has

tings

Kni

ght

Mou

nt P

leas

ant

Sout

h Va

ncou

ver

Renf

rew

Hei

ghts

96%

47

45

12

100%

9

95%

21

14

113%

17

154

75%

8

119%

75

63

111%

10

Vic

tori

a

32%

37

12

83%10

42%

12

96%

23

522

156%

Sales

168

253

115

150

NOV

$482,000

DEC

$512,000

21

1


85

212

JAN

$517,000

May

272

255

$585,000

$720

106%

9

9

April

255

204

$574,000

$672

102%

8

100%5

20

FEB

$565,000

141

248

MAR

$539,000

209

245

1

1

9

APR

MAY MAYJUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR

$574,000$585,000

204

255

255

272

EXCEEDS

10 250%

58

29 88%33

86%

7

6 6

DOWNTOWN VANCOUVER

Concrete Condos



Concrete Condos

Market Summary

Region Update

Sept 2016$1750 - $1800

Aug 2016450 - 1100

Oct. 2009

Oct. 2010



Studio

1

2

$618

$785

$988

Bedrooms

$969

$1,100

$1,307

$794

$943

$1,148

3

4

$1,159

$1,321

$1,449

$1,703

$1,304

$1,512


22

JUNE


Jan 2016$1875 - $1925

Jan 2016465 - 1100

EXCEEDS

Condo and Townhouse Market remains steady: The sales of condos and townhomes totaled 280 in May 2017, a 15 per cent increase from April 2017 when 244 multifamily homes were sold. The median price of multifamily homes in April 2017 is $770K, a 9 per cent decrease from April 2017. The absorption rate is 78 per cent, suggesting an obvious seller’s market. Multifamily homes with the price between $600K-700K are the most active. Due to high absorption rate and relatively low inventory, we expect that the multifamily homes will continue to show signs of improvement in the coming months.

Condos andTownhomes

DOWNTOWNVANCOUVER

Varlance

Inventory

Solds

Sale Price

Sale Price SQFT


Days on Market

6%

15%

-9%

-5%

-1%

-11%

0 - 300k300k - 400k400k - 500k500k - 600k600k - 700k700k - 800k800k - 900k


5000k & Greater

22

Inventory

Sales


0

150

300

109% 66% 39%132 178 346

0144 117 18

0 t

o 1

Bed

room

2 B

edro

oms

3 B

edro

oms

4 B

edro

oms

& M

ore


$735,000$699,000 $690,000

$635,000

$639,400

InventorySales

370357

429462

505

319

339

229195

164

532

$653,000


Inventory

Sales Ratio

Sales

137%

92%24

InventorySales

14 121%17

357 97%36

1

187

22

31 6%2

30 70%21

22 82%18

477 121%39

14 129%18

Median Data12

3041

10

16 17%

7

102 20%

2 9%

100

20

40

60

80

100

120

140

78% 88%

51

40

128

112

69

Coa

l Har

bour

Dow

ntow

n

Wes

t En

d

Yale

tow

n

78%54

111

67%

Community


74

5 500%1

18

1

NOV

$668,000

DEC

$717,000

173

469

147

296

23

JAN

$680,000

121

392


May

359

280

$770,000

$987

100%

8

April

338

244

$849,000

$1,035

101%

9

50%6

30%3

5 71%

3

33%1

FEB

$681,500

220

378

MAR

$720,000

263

362

29 100%29

JUNE

APR


$849,000

$770,000

244

280

338359

EXCEEDS

4 22%

1 100%

BURNABYJUNE

Concrete Condos

Woodframe Condos


Single Family House



Woodframe Condos

Market Summary

Region Update

July 2016$685 - $695

July 2016$470 - $475

July 20161100 - 1400

July 2016500 - 1000

July 2016500 - 1000

Oct. 2009

Oct. 2010



Studio

1

2

$576

$783

$996

Bedrooms

$976

$1,005

$1,211

$776

$894

$1,104

3

4

$1,125

$989

$1,330

$1,604

$1,228

$1,297





High Rise

Mid Rise

Low Rise

11

1

7

Product Type

3,811

75

345

446

30

89

Townhomes 4 261 26

Total HomesSold

3,365

45

256

235

Dec 2016$565 - $750

Dec 2016$500 - $680

Dec 20161100 - 1400

Dec 2016575 - 1150

Dec 2016510 - 1250

EXCEEDS

Detached House Market remains steady: The sales of detached houses totaled 116 in May 2017, a 10 per cent increase from April 2017 when 105 detached homes were sold. The median price of detached house in May 2017 is $1,673K, a 5 per cent decline from April 2017. The absorp-tion rate is 27 per cent, suggesting a seller’s market. Detached homes with the price between $1,500K-1,750K are the most active. We expect the detached home market will continue to show signs of improvement in the coming months.

Condo and Townhouse Market is hot: The sales of condos and townho-mes totaled 356 in May 2017, a 27 per cent increase from April 2017 when 281 multifamily homes were sold. The median price of multifamily homes in May 2017 is $606K, a remarkable 13 per cent increase from April 2017. The absorption rate is 96 per cent, suggesting an obvious seller’s market. Multifamily homes with the price between $600K-700K are the most active. Due to high absorption rate, and low inventory, we expect that the multifamily homes will continue to show signs of improvement in the coming months.

Detached HousesBURNABYJUNE



4000k & Greater


0

100

200

33% 37% 22%

1

9 134 187 94

0

Inventory

Sales

3 50 42

2 B

edro

oms

& L

ess

3 t

o 4

Bed

room

s

5 t

o 6

Bed

room

s

7 B

edro

oms

& M

ore

Bedroom Summary

Varlance

Inventory

Solds

Sale Price

Sale Price SQFT


Days on Market

14%

10%

5%

-1%

-6%

NOVMAY JUN JUL AUG SEP OCT

$1,492,500

$1,700,000 $1,750,000

$1,650,000

$1,520,000$1,550,000

Inventory

398

349367

423 441 442 435

50

128 12578

45 60 45


Inventory

Sales Ratio

Sales

11

13

7832 41%

69

54

37

29%

2

22%

Community

25

2

14

31 39%12

33

Median Data6728 42%

36 50%

10

20

30

40

50

60

70

Big

Ben

d

Bre

ntw

ood P

ark

Buck

ingham

Hei

ghts

Burn

aby

Lake

Dee

r La

ke

East

Burn

aby

Fore

st H

ills

Burn

aby

Hosp

ital

Capito

l Hill

Dee

r La

ke P

lace

Edm

onds

Gard

en V

illage

Fore

st G

len

6

14

14%

35

5

11

26

12

20

Gove

rnm

ent

Road

44

Cen

tral

Cen

tal P

ark

1315

Gre

entr

ee V

illage

Hig

hgate

Met

roto

wn

Oakd

ale

Sim

on F

rase

r U

niv

ersi

ty S

FU

Sper

ling-

Duth

ie

The

Cre

st

Monte

cito

Oakl

ands

South

Slo

pe

Sulli

van H

eights

Upper

Dee

r La

ke

Suncr

est

13

2

50

19

Vanco

uve

r H

eights

16

21

16

Park

cres

t

Sim

on F

rase

r H

ills

13

Wes

trid

ge

Will

ingdon H

eights

7

33%

8

8

50%

12

4

33%

10

42%

12

5

$1,550,000

14

3

8

42%

9

InventorySales


50%25%31

7

17

7

41% 200%15%4

28%14

9

DEC

$1,500,000

41

260

24

36% 33%5 5

17%2 7

35% 25%

5 5

JAN

$1,500,000

40

325


14%

9%

4%

8%

18%

5

3

1

1

2

15%2

6

25% 9%3

167%4

40%3

19%

FEB

$1,535,000

47

371

MAR

$1,625,000$1,673,500

99

363

13%7

57%4 2

15%20%2

15%1

11%

May

424

116

$1,673,500

$626

99%

15

April

372

105

$1,600,000

$627

100%

16


APR MAY

NOVMAY JUN JUL AUG SEP OCT DEC JAN FEB MAR APR MAY

$1,600,000

105115

372424

1

9%

EXCEEDS

1 1 2 1 1

Condos and TownhomesBURNABYJUNE

6

Varlance

Inventory

Solds

Sale Price

Sale Price SQFT


Days on Market

6%

27%

13%

10%

1%

-11%



4000k & Greater

29

Inventory

Sales



0

150

300

95% 96% 100% 83%86 213

12

082 205 59

59

10

0 t

o 1

Bed

room

2 B

edro

oms

3 B

edro

oms

4 B

edro

oms

& M

ore


$461,000$495,000

$480,000 $475,500

$474,900

InventorySales

372369

344

376425 428

193344

380

296223 195

415

$450,000


Inventory

Sales Ratio

Sales

83%47

132%22

12 42%

63%

5

71 100%

5

198

8

1968%13

43 126%34

797 73%58

67%13

Median Data

8

39

2

NOV

$463,000


150

Community

10

20

30

40

50

60

70

Big

Ben

d

Bre

ntw

ood P

ark

Buck

ingham

Hei

ghts

Cari

boo

Capito

l Hill

East

Burn

aby

Fore

st H

ills

Burn

aby

Hosp

ital

Burn

aby

Lake

Dee

r La

ke P

lace

Edm

onds

Gard

en V

illage

Fore

st G

len

127%

56

44

29

26

Gove

rnm

ent

Road

1211

Cen

tral

Cen

tal P

ark

Gre

entr

ee V

illage

Hig

hgate

Met

roto

wn

Oakd

ale

Sim

on F

rase

r U

niv

ersi

ty S

FU

Sper

ling-

Duth

ie

The

Cre

st

Monte

cito

Oakl

ands

South

Slo

pe

Sulli

van H

eights

Upper

Dee

r La

ke

Suncr

est

77

30

Vanco

uve

r H

eights

14

Park

cres

t

Sim

on F

rase

r H

ills

55%

36

23

Wes

trid

ge

Will

ingdon H

eights

13

93% 500%72

107% 75%

7

4

57%

67

InventorySales

2

133% 82% 50%9

150% 67%20

50%

2

7

6

15

52% 77%20 1

52

213%

40

40%16

19

58%11

133%

4

DEC

$506,500

235

132

25

11

100%100% 50%7 3

47

3

JAN

$501,000

322

126


May

370

356

$606,250

$670

103%

8

85 144%59

2

117%6

150%4 6

100%

FEB

$530,000

340

170

MAR

$530,000

331

273

April

350

281

$535,000

$609

102%

9

APR

$535,000

350

281

71

4 4

200%2 2

3

3

EXCEEDS

5

29 1 1

MAY

$606,250


370

356

NEW WESTMINSTERJUNE

Concrete Condos

Woodframe Condos


Single Family House



Woodframe Condos

Market Summary

Region Update

July 2016$550 - $600

July 2016$430 - $435

July 20161000 - 1400

July 2016450 - 1000

July 2016500 - 1000Oct. 2009

Oct. 2010



Studio

1

2

$605

$708

$945

Bedrooms

$829

$866

$1,117

$717

$787

$1,031

3

4

$909

$1,085

$1,340

$1,340

$1,125

$1,213



Dec 2016$550 - $625

Dec 2016$450 - $455

Dec 20161300 - 2500

Dec 2016550 - 1000

Dec 2016500 - 1200

EXCEEDS

Detached House Market is hot: The sales of detached houses totaled 37 in May 2017, a 32 per cent increase from April 2017 when 28 detached homes were sold. The median price of detached house in May 2017 is $1,180K, a 7 per cent increase from April 2017. The absorption rate is 49 per cent, suggesting a seller’s market. Detached homes with the price between $1,000K-1,250K are the most active. We expect the detached home market will continue to show signs of improvement in the coming months.

Condo and Townhouse Market is hot: The sales of condos and townhomes totaled 186 in May 2017, a 25 per cent increase from May 2017 when 149 multifamily homes were sold. The median price of multifamily homes in April 2017 is $471K, a 1 per cent increase from April 2017. The absorption rate is 99 per cent, suggesting an obvious seller’s market. Multifamily homes with the price between $400K-500K are the most active. Due to high absorption rate and low inventory, we expect that the multifamily homes will continue to show signs of improvement in the coming months.

Detached Houses

NEW WESTMINSTERJUNE



4000k & Greater


0

100

200

17% 73%

6 33 279

0

Inventory

Sales

124

2 B

edro

oms

& L

ess

3 t

o 4

Bed

room

s

5 t

o 6

Bed

room

s

7 B

edro

oms

& M

ore

Bedroom Summary

Varlance

Inventory

Solds

Sale Price

Sale Price SQFT


Days on Market

23%

32%

7%

9%

-3%

-20%



Inventory

Sales Ratio

Sales

5

48

InventoryCommunity

10

20

30

40

50

60

70

Brun

ette

Con

naug

ht H

eigh

ts

Dow

ntow

n

Gle

nBro

oke

Nor

th

Que

ensb

orou

gh

Sapp

erto

n

Wes

t En

d

Fras

ervi

ew

Moo

dy P

ark

Que

ens

Park

The

Hei

ghts

Upt

own

56%

16

9

73

12

15%

20

3

7

70%

20 35%7

Nor

th A

rm

Qua

y

3

23

Median Data

16

$1,120,500$1,150,000

$1,045,250

$990,000 $978,000

InventorySales

84

73 75 78

4841

3613 16

76

$1,050,000

17 13

71

NOV

$1,079,000


92

4133%

2

68

DEC

$950,000

9

51

28

1100%44%

12

JAN

$1,000,111

11

47


FEB

$1,150,000

7

62

May

75

37

$1,180,000

$524

98%

8

3

4

150%

2

50%

Sales

MAR

$1,090,000

25

58

1

1

3

71%5

1 5 20%

67% 13% 43%9

75%

April

61

28

$1,107,500

$479

101%

10

APR


$1,107,500

$1,180,000

2837

6175

33%2 6

1 1 3

150%

EXCEEDS

2 2


NEW WESTMINSTERJUNE

Varlance

Inventory

Solds

Sale Price

Sale Price SQFT


Days on Market

-8%

25%

1%

4%

4%

-11%



4000k & Greater

32

Inventory

Sales


0

100

200

230% 124% 95%23 90

0

22

53 11221

0 t

o 1

Bed

room

2 B

edro

oms

3 B

edro

oms

4 B

edro

oms

& M

ore


$386,500 $390,000

$373,400

$398,000

$379,000

InventorySales

177

139

155 140 155

150

145

116 108 93

152

$376,000


Inventory

Sales Ratio

Sales

200%16

120%

307 90%27

95

3

25 139%18

517 182%28

162%

Median Data

18

2113

15

NOV

$387,500

84

163


InventoryCommunity

10

20

30

40

50

60

70

Brun

ette

Con

naug

ht H

eigh

ts

Dow

ntow

n

Gle

nBro

oke

Nor

th

Que

ensb

orou

gh

Sapp

erto

n

Wes

t En

d

Fras

ervi

ew

Moo

dy P

ark

Que

ens

Park

The

Hei

ghts

Upt

own

41

111%

20

18

Nor

th A

rm

Qua

y

111%37

3 3

Sales

27

193%14

700% 150%1

84%

25

21

173%

19

11

167%27

45

74

96

DEC

$400,500

29

6

7

JAN

$416,250

52

149


FEB

$439,000

100

150

May

135

186

$471,000

$532

106%

8

-8%

25%

1%

4%

4%

-11%


MAR

$455,000

138

186

150

4 67%

100%

100%

23

1

APR


$467,000

$471,000

147135

149

April

147

149

$467,000

$510

102%

9

32 150%

1 33%

11

EXCEEDS

2

Inventory

Solds

Sale Price

Sale Price SQFT


Days on Market

PORT MOODYJUNE

Woodframe Condos



Woodframe Condos

Market Summary

Region Update

Dec 2015$410 - $415

May 2016$410 - $415

Dec 2015 May 2016500 - 1000 500 - 1000

Townhomes

May 20161200 - 1600

Oct. 2009

Oct. 2010



Studio

1

2

$533

$816

$1,026

Bedrooms

--

$1,188

$1,424

$533

$1.002

$1,225

3

4

$1,102

$1,310

$1,378

$2,349

$1,240

$1,830



EXCEEDS

Detached House Market is hot: The sales of detached houses totaled 28 in May 2017, a 27 per cent increase from April 2017 when 22 detached homes were sold. The median price of detached house in May 2017 is $1,368K, an 8 per cent increase from April 2017. The absorption rate is 43 per cent, suggesting a seller’s market. Detached homes with the price between $1,000K-1,250K are the most active. We expect the detached home market will continue to show signs of improvement in the coming months.

Condo and Townhouse Market remains steady: The sales of condos and townhomes totaled 75 in May 2017, a 27 per cent increase from April 2017 when 59 multifamily homes were sold. The median price of multifamily homes in May 2017 is $589K, a 2 per cent decrease from April 2017. The absorption rate is 99 per cent, suggesting an obvious seller’s market. Multifamily homes with the price between $500K-600K are the most active. Due to high absorption rate, we expect that the multifamily homes will continue to show signs of improvement in the coming months.

Detached HousesPORT MOODYJUNE



4000k & Greater


0

100

200

53% 38%361

244

0

Inventory

Sales

199

2 B

edro

oms

& L

ess

3 t

o 4

Bed

room

s

5 t

o 6

Bed

room

s

7 B

edro

oms

& M

ore

Bedroom Summary

Varlance

Inventory

Solds

Sale Price

Sale Price SQFT


Days on Market

8%

8%

27%

1%

-4%

-21%


$1,280,000

$1,491,500 $1,488,000

$1,208,000

$1,287,500

$1,245,000

InventorySales

5044

58 61

74

64

3224

25

11 814



Inventory

Sales Ratio

Sales

9

Community

10

20

30

40

50

60

70

Anm

ore

Barb

er S

tree

t

Belc

arra

Her

itage

Mou

ntai

n

Nor

th S

hore

Wes

twoo

d Su

mm

it

Gle

nary

e

Her

itage

Woo

ds

Port

Moo

dy C

entr

e

6

57%

7

4

105 200%

31 33%

14 64%9

9

1

22

Ioco

Mou

ntai

n M

eado

ws

9

Median Data

6

2

2 4

9

15

5

Col

lege

Par

k

2

100%

InventorySales

NOV

$1,110,000

DEC

$1,085,000

66

10

43

8


31

May

65

28

$1,368,500

$475

99%

11

33%3

JAN

$1,172,500

42

8


FEB

$1,278,000

48

10

22%

MAR

$1,260,000

50

21

2 22%

50%

5

22%6

2

100%

10

10%1

April

60

22

$1,264,500

$470

101%

14

APR


$1,264,500

$1,368,500

60 65

22 28

EXCEEDS

3

2

1

6

Condos and TownhomesPORT MOODYJUNE

61

65

150%3

15



4000k & Greater

Inventory

Sales



0

100

200

200%

5 40 16

0

1034

27

0 t

o 1

Bed

room

2 B

edro

oms

3 B

edro

oms

4 B

edro

oms

& M

ore

MAY JUN JUL AUG SEP OCT NOV

$495,000

$522,000

$453,000 $440,000

$464,000

InventorySales

6951

6256

61

87

70

4551 48

56

$505,000


Inventory

Sales Ratio

Sales

15100%15

51

Median Data

5 63%

18 150%12

150%

200%63

Community

10

20

30

40

50

60

70

Anm

ore

Barb

er S

tree

t

Belc

arra

Her

itage

Mou

ntai

n

Nor

th S

hore

Wes

twoo

d Su

mm

it

Gle

nary

e

19

Her

itage

Woo

ds

Port

Moo

dy C

entr

e

8

40

Ioco

Mou

ntai

n M

eado

ws

7

190%

Col

lege

Par

k

117%

InventorySales

4

Varlance

Inventory

Solds

Sale Price

Sale Price SQFT


Days on Market

7%

27%

-2%

-2%

1%

14%

10

95%38

DEC

$448,000

JAN

$466,000

27

63

30

41


32

May

65

75

$589,000

$550

102%

8

10

1

8

100%

3

FEB

$495,000

35

42


MAR

$450,000

37

55

2

1

300%

APR

$500,450

60

53

8

6 67%9

4

4

100%85% 169%

April

61

59

$604,000

$564

101%

7

MAY


$604,000

$589,000

EXCEEDS

3 133%

31 300%

6

59

751

COQUITLAMJUNE

Concrete Condos

Woodframe Condos


Townhomes



Woodframe Condos

Oct. 2009

Oct. 2010

Market Summary

Region Update

Aug 2016$600 - $610

Aug 2016$450 - $500

Aug 20161100 - 1300

Aug 2016600 - 1100

Aug 2016600 - 1100



Studio

1

2

$662

$773

$947

Bedrooms

$933

$922

$1,109

$798

$848

$1,028

3

4

$1,150

$1,288

$1,356

$1,701

$1,253

$1,495



Dec 2016$585 - $625

Dec 2016$425 - $485

Dec 20161075 - 1400

Dec 2016595 - 1200

Dec 2016600 - 1100

EXCEEDS

Detached House Market remains steady: The sales of detached houses totaled 139 in May 2017, a 23 per cent increase from April 2017 when 113 detached homes were sold. The median price of detached house in May 2017 is $1,310K, the same price as April 2017. The absorption rate is 45 per cent, suggesting a seller’s market. Detached homes with the price between $1250-1500K are the most active. Due to relatively a strong demand, we expect the detached home market will continue to show signs of improvement in the coming months.

Condo and Townhouse Market remains steady: The sales of condos and townhomes totaled 198 in May 2017, a 14 per cent increase from April 2017 when 174 multifamily homes were sold. The median price of multifamily homes in April 2017 is $522K, a 1 per cent increase from April 2017. The absorption rate is 99 per cent, which suggests an obvi-ous seller’s market. Multifamily homes with the price between $400K-600K are the most active. Due to high absorption rate, and low inventory, we expect that the multifamily homes will continue to show signs of improvement in the coming months.

COQUITLAMDetached HousesJUNE

58



4000k & Greater

7

13

38

104

38

40

7

8

34

62%

89%

51%

66%


0

100

200

64% 41% 24%

9 101 147 49

0

Inventory

Sales

65 6112

2 B

edro

oms

& L

ess

3 t

o 4

Bed

room

s

5 t

o 6

Bed

room

s

7 B

edro

oms

& M

ore

Bedroom Summary

Varlance

Inventory

Solds

Sale Price

Sale Price SQFT


Days on Market

17%

23%

-10%

-1%

-8%

--



Community

Inventory

Sales Ratio

Sales

Median Data53

6

19

10

10

20

30

40

50

60

70

Burk

e M

ount

ain

Can

yon

Spri

ng

Cap

e H

orn

Chi

nesi

de

Har

bour

Chi

nes

Hoc

kada

y

New

Hor

izon

s

Cen

tral

Coq

uitla

m

Coq

uitla

m E

ast

Har

bour

Pla

ce

Mai

llard

ville

Mea

dow

Bro

ok

24%

17

4

Coq

uitla

m W

est

Eagl

e Ri

dge

7

32%

82

13

Ranc

h Pa

rk

Scot

t C

reek

Wes

twoo

d Pl

atea

u

Rive

r Sp

ring

s

Sum

mit

Vie

w

Upp

er E

agle

Rid

ge

1

Nor

th C

oqui

tlam

Park

Rid

ge E

stat

es

Wes

twoo

d Su

mm

it

5

36%

33

40

3 4

40%

5

12

25

2

InventorySales


12 26

23%79%

19

15 1 9

75%

40

60%24

34


$1,299,000

$1,250,500

$1,272,000

$1,150,000 $1,115,000

$1,215,000

NOV

$1,025,000

DEC

$1,100,000

InventorySales

273 278320 320

335 329

190149

9953 62 56

298

51

180

47

1

8%3

3

7

3

JAN

$1,100,000

215

33


May

306

139

$1,310,000

$456

101%

11

200%2

1 5%

191 5%

3

1

20%

3

35%14

8

43%

FEB

$1,228,000

226

65

11%

MAR

$1,234,250

228

93

7 114%

29%

21

100% 13%

1

400%

APR


$1,310,000

$1,310,000

262306

139

April

262

113

$1,310,000

$504

102%

12

1

2

2 20%

150% 133%3

2

60%

2

50%

EXCEEDS

8

2 3 3

COQUITLAMCondos and TownhomesJUNE

Varlance

Inventory

Solds

Sale Price

Sale Price SQFT


Days on Market

-1%

14%

2%

3%

--

-20%



4000k & Greater

5130 170%

5137 138%

10 59%

Inventory

Sales



0

100

200

152% 143%126%112%33 7

050

84

94

35

4410

0 t

o 1

Bed

room

2 B

edro

oms

3 B

edro

oms

4 B

edro

oms

& M

ore


Inventory

Sales Ratio

Sales

Median Data

12 200%6

23

168 200%


3

Community

10

20

30

40

50

60

70

Burk

e M

ount

ain

Can

yon

Spri

ng

Cap

e H

orn

Chi

nesi

de

Har

bour

Chi

nes

Hoc

kada

y

New

Hor

izon

s

Cen

tral

Coq

uitla

m

Coq

uitla

m E

ast

Har

bour

Pla

ce

Mai

llard

ville

Mea

dow

Bro

ok

173%

19

11

Coq

uitla

m W

est

Eagl

e Ri

dge

175%

7

Ranc

h Pa

rk

Scot

t C

reek

Wes

twoo

d Pl

atea

u

Rive

r Sp

ring

s

Sum

mit

Vie

w

Upp

er E

agle

Rid

ge

2

Nor

th C

oqui

tlam

Park

Rid

ge E

stat

es

Wes

twoo

d Su

mm

it

175%

11

180%

18

90%

41

37

133%

InventorySales

10 4

180%154

4

15

8

188%

56

53

93% 100%

27

35


$445,000 $440,000

$451,000$405,500

$427,000$410,000

NOV

$472,250

DEC

$437,000

InventorySales

207

231 227 201222243

207181

137 104121

224

120

197

78

131

3

JAN

$472,000

75

168


May

159

198

$522,500

$551

105%

8

4 25%

17

2521 119%

FEB

$482,000

125

172

MAR

$488,000

197

149

85%27

100%

53 167%

42 200%

APR


$521,444

$522,500

174198

161159

April

161

174

$521,444

$539

102%

10

1

1

133%

4

31 1

EXCEEDS

MAPLE RIDGEJUNE

Mid Rise Apartments

Low Rise Apartment

Nov 2016$381


Single Family Home

Townhomes

Average Unit Size (Sqft)Mid Rise Apartments

Low RIse Apartments

Oct. 2009

Oct. 2010

Market Summary

Region Update

Nov 2016$342

Nov 2016$242

Nov 2016$258

Nov 2016604

Nov 2016609

Nov 20161547

Nov 20162315



Studio

1

2

$564

$613

$791

Bedrooms

--

$883

$1,039

$564

$748

$915

3

4

$1,183

$1,094

$1,393

$1,638

$1,288

$1,366

Single Family Home

Townhomes





Mid Rise

Low Rise

2

5

4

Product Type

113

447

248

79

151

28Townhomes

6 415 48

Total HomesSold

34

224

164

317Single Family

EXCEEDS

Detached House Market is hot: The sales of detached houses totaled 153 in May2017, a 33 per cent increase from April 2017 when 115 detached homes were sold. The median price of detached house in May 2017 is $800K, a 4 per cent increase from April 2017. The absorption rate is 71 per cent, suggesting a seller’s market. Detached homes with the price between $800K-900K are the most active. Due to relatively high absorption rate and strong demand, we expect the detached home market will continue to show signs of improvement in the coming months.

Condo and Townhouse Market remains steady: The sales of condos and townhomes totaled 127 in May 2017, a 7 per cent decline from April 2017 when 119 multifamily homes were sold. The median price of multifamily homes in May 2017 is $392K, a 5 per cent increase from April 2017. The absorption rate is 99 per cent, which suggests an obvious seller’s market. Multifamily homes with the price between $300K-400K are the most active. Due to high absorption rate, and low inventory, we expect that the multifamily homes will continue to show signs of improvement in the coming months.

MAPLE RIDGEDetached HousesJUNE



4000k & Greater

3

31

45

39

34

39

20

8

1

2

24

31

31

21

18

145%

79%

62%

46%


77%0

100

200

56% 75% 73%

16116 73 9

0

Inventory

Sales

989 53

2 B

edro

oms

& L

ess

3 t

o 4

Bed

room

s

5 t

o 6

Bed

room

s

7 B

edro

oms

& M

ore

Bedroom Summary

Varlance

Inventory

Solds

Sale Price

Sale Price SQFT


Days on Market

14%

33%

4%

-3%

-2%

-11%


$685,444$750,000 $742,000

$710,000

$697,500

$689,500


InventorySales

204

183242

243 267266 246

190

168 106 121 7590 65



20

30

40

50

60

70

108% 64% 88% 66% 50%

Alb

ion

Cot

tonw

ood

East

Cen

tral

Nor

th

Nor

thea

st

Nor

thw

est

Silv

er V

alle

y

Sout

hwes

t

Thor

nhill

26

24

25

16

27

16

32

211 1

Community

Inventory

Sales Ratio

Sales

Median Data20%5

7

45% 33%

Web

ster

s C

orne

rs

Wes

t C

entr

al

Who

nnoc

k

1531

96%26 14

21 20

33

14

NOV

$713,000

NOV

162

56

InventorySales


DEC

$699,500

DEC

189

51

37

4 20%

JAN

$678,000

JAN

183

67


95%20

May

217

153

$800,000

$321

100%

8

FEB

$693,000

FEB

186

101

MAR

$740,000

MAR

191

115

6 86%

7

April

191

115

$772,000

$331

102%

9

APR

$772,000

$800,000

APR

217

153

22%2

100% 100%

5

25%

EXCEEDS

1

MAPLE RIDGECondos and TownhomesJUNE

135

Varlance

Inventory

Solds

Sale Price

Sale Price SQFT


Days on Market

-15%

7%

5%

-1%

1%

25%



4000k & Greater

63

87

Inventory

Sales



0

100

200

155% 118% 187%

1139 31

7

017 46 58

0 t

o 1

Bed

room

2 B

edro

oms

3 B

edro

oms

4 B

edro

oms

& M

ore


$307,500

$370,000$323,900

$350,000

$347,000

$342,500


InventorySales

176 169 157 128 150

123 124 97 10964 55

160

$339,950


Inventory

Sales Ratio

Sales

Median Data

33%6

171%2414

152%3825

193%2915

132%2519

8

1

NOV

$307,000

NOV

82

142

2


10

20

30

40

50

60

70

280% 115%

Alb

ion

Cot

tonw

ood

East

Cen

tral

Nor

th

Nor

thea

st

Nor

thw

est

Silv

er V

alle

y

Sout

hwes

t

Thor

nhill

14

5

15

13

37

6

Community

161%

Web

ster

s C

orne

rs

Wes

t C

entr

al

Who

nnoc

k

28

137%27

45

InventorySales

DEC

$300,000

DEC49

96

38

JAN

$414,000

JAN47

127


May

88

127

$392,000

$317

101%

10

38%

86%

6

FEB

$350,000

FEB

74

150

MAR

$375,000

MAR

137

2

150%

7

100%7

4

75%3

April

104

119

$375,000

$320

100%

8

119

APR

$392,000

APR

10488

EXCEEDS

3

4

4

RICHMONDJUNE

Concrete Condos

Woodframe Condos




Woodframe Condos

Market Summary

Region Update

June 2016$650 - $660

June 2016$550 - $560

June 2016450 - 1000

Dec 2016520 - 1325

Townhomes

June 20161200 - 1500

Oct. 2009

Oct. 2010



Studio

1

2

$712

$789

$1,034

Bedrooms

$992

$1,018

$1,277

$852

$904

$1,156

3

4

$1,177

$1,437

$1,426

$1,599

$1,302

$1,518



Dec 2016$520 - $765

Dec 2016$500 - $690

Dec 2016550 - 2000

Dec 20161350 - 1600

Sept 2016500 - 1000



Mid Rise 4

1

4

Product Type

594

55

261

142

4

60

1 23 5

Total HomesSold

452

51

201

12

High Rise 8 1,740 141 1,586

Townhomes

Single Family

Low Rise

EXCEEDS

Detached House Market remains steady: The sales of detached houses totaled 163 in May 2017, a 4 per cent increase from April 2017 when 157 detached homes were sold. The median price of detached house in May 2017 is $1,750K, a 7 per cent decline from April 2017. The absorp-tion rate is 27 per cent, which suggests a seller’s market. Detached homes with the price between $1,500K-1,750K are the most active. We expect the detached home market will continue to show signs of improvement in the coming months.

Condo and Townhouse Market remains steady: The sales of condos and townhomes totaled 399 in May 2017, a 15 per cent decline from April 2017 when 347 multifamily homes were sold. The median price of multifamily homes in May 2017 is $592K, a 1 per cent decrease from April 2017. The absorption rate is 89 per cent, suggesting a seller’s market. Multifamily homes with the price between $500K-600K are the most active. Due to high absorption rate, and low inventory, we expect that the multifamily homes will continue to show signs of improvement in the coming months.

Detached HousesRICHMONDJUNE

0 - 300k300k - 400k400k - 500k500k - 600k600k - 700k700k - 800k800k - 900k


5000k & Greater


0

150

300

13% 33% 24%

24 241 31626

0

Inventory

Sales

3 80 76

2 B

edro

oms

& L

ess

3 t

o 4

Bed

room

s

5 t

o 6

Bed

room

s

7 B

edro

oms

& M

ore

Bedroom Summary

Varlance

Inventory

Solds

Sale Price

Sale Price SQFT


Days on Market

5%

4%

7%

1%

1%

-7%


$1,700,000

$1,750,000$1,700,000

$1,670,000

$1,792,500

$1,560,000


InventorySales

564632

710746 724 691

209172

121

61 77 61



Inventory

Sales Ratio

Sales10134 34%

9624 25%

8510 12%

549 17%

547 14%

545 10%

3020 67%

5535 64%

91

6

11%

122 17%

Community

10

20

30

40

50

60

70

Boyd

Par

kBr

idge

port

Brig

hous

e

East

Cam

bie

Gra

nvill

e

Iron

woo

d

McL

enna

n N

orth

Broa

dmoo

r

East

Ric

hmon

d

Ham

ilton

Lack

ner

McN

air

McL

enna

n

29%

14

4

56

9% 17%

11

1

2325

15

7

Qui

lche

na

25

42

38%

21

8

73 43%

1511 73%

15

Gar

den

City

Gilm

ore

4

6

1

Median Data

31

Rive

rdal

eSa

unde

rsSe

a Is

land

Sout

h A

rm

Terr

a N

ova

Wes

twin

d

Seaf

air

Stev

esto

n N

orth

Wes

t C

ambi

e

Woo

dwar

ds

21%

28

6

53

16

10

11

41%

27

21

4

6

38

4

Stev

esto

n So

uth

Stev

esto

n V

illag

e

11% 23%

26

6

29%

49

14

3

8

32%11

11%6 15

36%13

25% 45% 19%5

Brig

hous

e So

uth

29%

41

12

InventorySales

6%2

15%4

27%4

NOV

595

66

DEC

413

60

NOV

$1,540,000

DEC

$1,534,500


40

May

607

163

$1,750,000

$682

98%

25

2

10

JAN

$1,530,000

JAN

601

55


FEB

$1,490,000

FEB

614

91

1

7%22

9

56%6

60%2

33%

MAR

$1,682,000

MAR

592

149

4

17% 48%12

100%

April

578

157

$1,632,000

$678

97%

27

APR

$1,632,000

$1750,000

APR

578 607

157 163

EXCEEDS

2

1

1

1

1

1

33%2

20%

2

29%

Condos and TownhomesRICHMONDJUNE

0 - 300k300k - 400k400k - 500k500k - 600k600k - 700k700k - 800k800k - 900k


5000k & Greater

19

Inventory

Sales



0

100

200

138% 93% 73% 63%64 184 150 46

088 172 110 29

0 t

o 1

Bed

room

2 B

edro

oms

3 B

edro

oms

4 B

edro

oms

& M

ore


$455,000

$505,000 $497,500 $492,950

$496,500

InventorySales

639555 583 571 570

417465

308 259 226

567

$478,000


Inventory

Sales Ratio

Sales

112%

66%29

647 66%42

17 165%28

196

3

4

5

40 68%27

567 64%36

67 124%54

138%5439

5751

79100%63

Varlance

Inventory

Solds

Sale Price

Sale Price SQFT


Days on Market

8%

15%

-1%

-2%

3%

-17%

Median Data

Community

10

20

30

40

50

60

70

Boyd

Par

kBr

idge

port

Brig

hous

e

East

Cam

bie

Gra

nvill

e

Iron

woo

d

McL

enna

n N

orth

Broa

dmoo

r

East

Ric

hmon

d

Ham

ilton

Lack

ner

McN

air

McL

enna

n

83%

6

5

8

73%

11

8

100%

6

6

6

56

Qui

lche

na

12

100%

8

8

Gar

den

City

Gilm

ore

145

9

Rive

rdal

eSa

unde

rsSe

a Is

land

Sout

h A

rm

Terr

a N

ova

Wes

twin

d

Seaf

air

Stev

esto

n N

orth

Wes

t C

ambi

e

Woo

dwar

ds

100%

7 9

8

2

100%

47

Stev

esto

n So

uth

Stev

esto

n V

illag

e

5

347

62%

13

85

56% 900%

1

Brig

hous

e So

uth

29%

7

2

InventorySales

240% 70%49102

69

77%53

300%2

NOV

$486,500

DEC

$545,800

200

561

181

401


41

1

1

7

JAN

$474,000

170

469


FEB

$558,250

248

465 114%7

140%100%7

25%

4

50%2

23

96%22

114%

MAR

$564,454

378

438

63

21%19

150

12

6

200% 33%

16

25%

1

APR


$600,000

$592,000

347 399

411 444

May

444

399

$592,000

$604

104%

10

Apri

411

347

$600,000

$619

101%

12

EXCEEDS

20%1

3

325 1

NORTH DELTAJUNE

Woodframe Condos


Single Family HomeTownhomes


Woodframe Condos

Market Summary

Region Update

$385- $479

1500 - 30001305 - 1700

550 - 1050

Single Family HomeConcrete Condos

$315-$645$390-$529

Concrete Condos

595 - 1430

Oct. 2009



Studio

1

2

$661

$623

$840

Bedrooms

$698

$829

$1,026

$680

$729

$933

3

4

$881

$1,445

$1,369

$1,624

$1,125

$1,535





Mid Rise 3

3

4

Product Type

260

142

281

49

43

67

1 194 0

Total HomesSold

211

99

178

138

High Rise 1 317 9 308

Townhomes

Single Family

Low Rise

EXCEEDS

Detached House Market remains hot: The sales of detached houses totaled 91 in May 2017, a 28 per cent increase from April 2017 when 71 detached homes were sold. The median price of detached house in May 2017 is $920K, a 5 per cent increase from April 2017. The absorption rate is 59 per cent, suggesting a seller’s market. Detached homes with the price between $800K-900K are the most active. Due to relatively high absorption rate and a strong demand, we expect the detached home market will continue to show signs of improvement in the coming months.

Condo and Townhouse Market remains steady: The sales of condos and townhomes totaled 26 in May 2017, a 63 per cent increase from April 2017 when 16 multifamily homes were sold. The median price of multi-family homes in May 2017 is $338K, a 12 per cent Decrease from April 2017. The absorption rate is 99 per cent, suggesting an obvious seller’s market. Multifamily homes with the price between $300K-400K are the most active. Due to high absorption rate, and low inventory, we expect that the multifamily homes will continue to show signs of improvement in the coming months.

Detached HousesNORTH DELTAJUNE



4000k & Greater


0

100

200

77% 44%

378 61

27

1111

0

InventorySales

60

2 B

edro

oms

& L

ess

3 t

o 4

Bed

room

s

5 t

o 6

Bed

room

s

7 B

edro

oms

& M

ore

Bedroom Summary

Varlance

Inventory

Solds

Sale Price

Sale Price SQFT


Days on Market

24%

28%

5%

13%

-3%

--


$900,000

$900,000

$850,000

$849,4500 $853,000

$791,500


Inventory

Sales

171 158195 203 214 208

93 105

47

30 28

30



Community

Inventory

Sales Ratio

Sales24 96%

27

45%19

138 163%

2739 69%

10

20

30

40

50

60

70

73%

Ann

ievi

lle

Nor

del

Scot

tsda

le

30

2256%

55

31

InventorySales

Suns

hine

Hill

s W

oods

58%

40

2354%

28

15

Median Data

42

1

23

NOV

$822,000

NOV

184

29

1

1

100%

4

36%

DEC

$813,000

DEC

123

20


43

May

153

91

$920,000

$434

103%

9

JAN

$941,000

JAN

120

23


FEB

$820,000

FEB

37

118

MAR

$821,250

MAR

60

121

24%

29%

25 6

7

1

5

April

123

71

$874,000

$383

100%

9

APR

$874,000

$920,000

APR

7191

123153

EXCEEDS

Condos and TownhomesNORTH DELTAJUNE

Varlance

Inventory

Solds

Sale Price

Sale Price SQFT


Days on Market

-14%

63%

-12%

-10%

2%

-18%



4000k & Greater

InventorySales



0

50

100

300%

2 4 93

0

106 7

0 t

o 1

Bed

room

2 B

edro

oms

3 B

edro

oms

4 B

edro

oms

& M

ore


$361,900

$388,400

$390,900$350,000

$434,900


InventorySales51

51

31

59

47

25

54

36

2119

23

36

$425,000


Inventory

Sales Ratio

Sales

7

5

Median Data

1

NOV

$414,950

NOV

8

36

Community

10

20

30

40

50

60

70

Ann

ievi

lle

Nor

del

Scot

tsda

le

9

971%

5

7

InventorySales

Suns

hine

Hill

s W

oods

367% 144%

11

3

3 233%

1 3

DEC

11

19

DEC

$490,000


44

May

18

26

$338,400

$308

102%

9

4

2

1

2

100%78%250%

3

3

JAN

$442,950

JAN

6

29


1

1

4225%

14

FEB

$498,000

FEB

11

29

MAR

$365,000

MAR

20

25

1 300%

2 250%

25%4

1 50%2

2

April

21

16

$438,950

$341

100%

11

APR

$438,950

$388,400

APR

16

26

21

18

EXCEEDS

2 200%

300%

CLOVERDALEJUNE

Woodframe Condos


Single Family Home

Townhomes


Woodframe Condos

Market Summary

Region Update

June 2016$320 - $325

Aug 20162200 - 3400

Aug 20161200 - 1400

Aug 2016500 - 1000



Dec 2016$310 - $340

Dec 20162200 - 3400

Dec 20161250 - 1375

Dec 2016520 - 1100

EXCEEDS

Detached House Market remains steady: The sales of detached houses totaled 89 in May 2017, a 7 per cent decline from April 2017 when 96 detached homes were sold. The median price of detached house in May 2017 is $922K, a 2 per cent increase from April 2017. The absorption rate is 86 per cent, suggesting an obvious seller’s market. Detached homes with the price between $800K-900K are the most active. Due to a high absorption rate, we expect the detached home market will continue to show signs of improvement in the coming months.

Condo and Townhouse Market remains hot: The sales of condos and townhomes totaled 118 in May 2017, a 27 per cent increase from April 2017 when 93 multifamily homes were sold. The median price of multifamily homes in May 2017 is $461K, a 1 per cent increase from April 2017. The absorption rate is 99 per cent, suggesting an obvious seller’s market. Multifamily homes with the price between $400K-500K are the most active. Due to high absorption rate, and low inventory, we expect that the multifamily homes will continue to show signs of improvement in the coming months.

Detached HousesCLOVERDALEJUNE



4000k & Greater


0

100

200

95%

4 44 3619

0

Inventory

Sales

42 37

2 B

edro

oms

& L

ess

3 t

o 4

Bed

room

s

5 t

o 6

Bed

room

s

7 B

edro

oms

& M

ore

Bedroom Summary

Varlance

Inventory

Solds

Sale Price

Sale Price SQFT


Days on Market

4%

-7%

2%

7%

3%

--

InventorySales



10

20

30

40

50

60

70

150%

Cla

yton

Clo

veda

le

Serp

entin

e

21

14

Inventory

Sales Ratio

Sales

76%

89

68

2520 125%

2625 96%

14

17

3

1

InventorySales

76%21

7

Median Data

16

5

3

1

280%97%103%


46


$861,000

$875,250$855,000

$788,000$820,000

$855,000

NOV

$826,000

DEC

$815,000

153123

147170 175 162

128 110

60 6543 46

129

47

74

31

JAN

$830,000

84

23


May

103

89

$922,000

$346

103%

7

FEB

$827,450

95

44

MAR

$850,000

109

68

29%5

75%

Community

APR


$900,000

$922,000

99 103

9689

April

99

96

$900,000

$324

100%

7

6

2

2

3

EXCEEDS

Condos and TownhomesCLOVERDALE

Varlance

Inventory

Solds

Sale Price

Sale Price SQFT


Days on Market

-9%

27%

1%

1%

--

--



4000k & Greater

Inventory

Sales



0

100

200

93% 164% 103% 200%

1436 37 4

0

1359 38 8

0 t

o 1

Bed

room

2 B

edro

oms

3 B

edro

oms

4 B

edro

oms

& M

ore

InventorySales


Inventory

Sales Ratio

Sales

127%

100

100%

128%23

225%

14

19

18

50%168

80%54

Median Data

45

11

15

20


10

20

30

40

50

60

70

129%

Cla

yton

Clo

veda

le

Serp

entin

e

72

56

Community

131%

46

35

InventorySales

47


$401,000 $410,000

$401,000

$400,750

$403,000

$415,000

NOV

$386,000

DEC

$372,600

76104

76

91

86

102129 140

83

87

66

79

77 57

54

44

4 200%

JAN

$380,000

84

39


2

FEB

$422,000

69

75

MAR

$430,000

74

91

JUNE

APR


$455,000

$461,000

93

118100

91

April

100

93

$455,00

$367

103%

7

May

91

118

$461,000

$369

103%

7

1

EXCEEDS

LANGLEYJUNE

Woodframe Condos


Single Family Home

Townhomes


Woodframe Condos

Market Summary

Region Update

June 2016$310 - $320

Aug 20161500 - 2500

Aug 20161200 - 1500

Aug 2016550 - 1100

Oct. 2009

Oct. 2010



Studio

1

2

$467

$766

$904

Bedrooms

--

$902

$1,122

$467

$834

$1,013

3

4

$1,030

$1,067

$1,361

$1,589

$1,196

$1,328





Low Rise

Townhomes

Single Family

1

3

8

Product Type

57

223

917

32

13

109

Retirement 1 125 8

Total HomesSold

15

165

368

65

Mid Rise 1 184 66 28

Dec 2016$305 - $415

Dec 20162600 - 3800

Dec 20161500 - 2000

Dec 2016650 - 1200

EXCEEDS

Detached House Market is hot: The sales of detached houses totaled 183 in May 2017, a 39 per cent increase from April 2017 when 132 detached homes were sold. The median price of detached house in May 2017 is $979K, a 9 per cent increase from April 2017. The absorption rate is 79 per cent, suggesting an obvious seller’s market. Detached homes with the price between $900K-1,000K are the most active. Due to relatively high absorption rate, we expect the detached home market will continue to show signs of improvement in the coming months.

Condo and Townhouse Market is hot: The sales of condos and townho-mes totaled 264 in May 2017, a 47 per cent increase from April 2017 when 179 multifamily homes were sold. The median price of multifamily homes in May 2017 is $452K, a 26 per cent increase from March 2017. The absorption rate is 93 per cent, which suggests an obvious seller’s market. Multifamily homes with the price between $300K-400K are the most active. Due to high absorption rate, and low inventory, we expect that the multifamily homes will continue to show signs of improvement in the coming months.

Detached HousesLANGLEYJUNE



4000k & Greater


0

100

200

80% 95%

18137 66

11

0

InventorySales

110 63

2 B

edro

oms

& L

ess

3 t

o 4

Bed

room

s

5 t

o 6

Bed

room

s

7 B

edro

oms

& M

ore

Bedroom Summary

Varlance

Inventory

Solds

Sale Price

Sale Price SQFT


Days on Market

12%

39%

9%

15%

2%

-20%

NOVMAY MAYJUN JUL AUG SEP OCT

$785,000

$854,500

$861,000 $870,000

$860,000

$868,000

$770,000

Inventory

Sales

260

200 192

243268

320 305

82

222 202

133 12491 87



20

30

40

50

60

70

112%

Ald

ergr

ove

Cam

bell

Valle

y

Fort

Lan

gley

19

Community

Inventory

Sales Ratio

Sales

139%

4232 76%

25

29

13

12

InventorySales

106%57

1311 85%

18

2824 117%

2

7

Broo

ksw

ood

Cou

nty

Line

Gle

n Va

lley

Lang

ley

City

Ott

er D

istr

ict

Wal

nut

Gro

ve

Mur

rayv

ille

Salm

on R

iver

Will

ough

by H

eigh

ts

96%

27

2617 31 1

14 15

68%

41

28

48%

23

11 2

58%

12

7

97%

33

32

96%

48

46

Median Data

54

41%12

73%11


DEC

$812,450

171

62

49

25

3

4

JAN

$799,000

186

63


May

232

183

$979,000

$392

102%

8

FEB

$850,000

206

84

1

1

31%4

17%3

14%

2

MAR

$865,000

195

149

300%2 6

42%5

1

1

64%

7

April

207

132

$899,500

$341

100%

10

APR

NOVMAY MAYJUN JUL AUG SEP OCT DEC JAN FEB MAR APR

$899,500$979,000

207232

132 183

43%3

EXCEEDS

Condos and TownhomesLANGLEY

Varlance

Inventory

Solds

Sale Price

Sale Price SQFT


Days on Market

-7%

47%

26%

7%

-2%

-14%



4000k & Greater

InventorySales



0

100

200

327% 107% 174% 185%

11 98 57 13

036 101 99

24

0 t

o 1

Bed

room

2 B

edro

oms

3 B

edro

oms

4 B

edro

oms

& M

ore


$330,000$360,000

$351,000

$346,500

$349,000

InventorySales

217

222174 185

202240

142

225

281

187

169124

154

211

$325,000


Inventory

Sales Ratio

Sales

3150%2

115%63

59 197%30

55 141%39

233%35

Median Data

15

55

NOV

$394,500

35


20

40

60

80

100

120

140

56%

Ald

ergr

ove

Cam

bell

Valle

y

Fort

Lan

gley

9

Community InventorySales

Broo

ksw

ood

Cou

nty

Line

Gle

n Va

lley

Lang

ley

City

Ott

er D

istr

ict

Wal

nut

Gro

ve

Mur

rayv

ille

Salm

on R

iver

Will

ough

by H

eigh

ts

315

146%

114

78

500%

15

3

106%

37

35

185%

87

47

DEC

$363,750

117

90

50

126%44

3

150%

JAN

$339,000

177

112


FEB

$420,000

174

158

May

179

264

$452,000

$347

101%

6

MAR

$398,450

220

158

4 400%1

1

60%3

April

192

179

$360,000

$323

103%

7

APR


$452,000

$360,000

179

264192

179

JUNE

11100%

EXCEEDS

5

ABBOTSFORDJUNE

Concrete Condos

Woodframe Condos


Single Family Home

Townhomes



Woodframe Condos

Oct. 2009

Oct. 2010

Market Summary

Region Update

June 2016$425 - $430

June 2016$300 - $305

June 20162000 - 2500

June 20161100 - 1500

June 2016500 - 1100

June 2016600 - 1100



Studio

1

2

$581

$655

$746

Bedrooms

$861

$807

$835

$721

$731

$791

3

4

$934

$1,156

$1,160

$1,362

$1,047

$1,259



New Construction - Dec 2016

Oct. 2009

Oct. 2010

Number ofProjects Total Homes Homes

Available

High Rise

Mid Rise

Low Rise

1

1

2

Product Type

157

48

164

40

10

7

Townhomes

Single Family

2

3

245

270

22

57Oct. 2009

Oct. 2010

Total HomesSold

117

38

117

20

144

Dec 2016$330 - $500

Dec 2016$310 - $380

Dec 20162000 - 2800

Dec 20161200 - 1300

Dec 2016650 - 1900

Dec 2016800 - 1300

EXCEEDS

Detached House Market is hot: The sales of detached houses totaled 209 in May 2017, a 30 per cent increase from April 2017 when 161 detached homes were sold. The median price of detached house in May 2017 is $745K, an 8 per cent increase from April 2017. The absorption rate is 72 per cent, suggesting a seller’s market. Detached homes with the price between $700-800 are the most active. Due to a relatively high absorption rate, we expect the detached home market will continue to show signs of improvement in the coming months.

Condo and Townhouse Market is hot: The sales of condos and townho-mes totaled 199 in May 2017, an 18 per cent increase from April 2017 when 169 multifamily homes were sold. The median price of multifamily homes in May 2017 is $262K, a 5 per cent increase from April 2017. The absorption rate is 91 per cent, suggesting an obvious seller’s market. Multifamily homes with the price between $200K-300K are the most active. Due to high absorption rate, and low inventory, we expect that the multifamily homes will continue to show signs of improvement in the coming months.

ABBOTSFORDDetached Houses



4000k & Greater

1

13

65

66

36

14

11

2

5

23

78

60

31

20

20%

100%

110%

116%

70%

34%

33%


83%

57%

0

100

200

64% 65% 95%

11149 99 29

0

Inventory

Sales

797 94

2 B

edro

oms

& L

ess

3 t

o 4

Bed

room

s

5 t

o 6

Bed

room

s

7 B

edro

oms

& M

ore

Bedroom Summary

Varlance

Inventory

Solds

Sale Price

Sale Price SQFT


Days on Market

7%

30%

8%

5%

2%

13%

NOVMAY MAYJUN JUL AUG SEP OCT

$625,000$642,500

$652,500

$621,500

$620,000 $610,000

InventorySales

327343

323 332

380354

241 214174 118

105 101



20

40

60

80

100

120

140

80% 81% 69%70%

Abb

otsf

ord

East

Abb

otsf

ord

Wes

t

Abe

rden

Brad

ner

Cen

tral

Abb

otsf

ord

Mat

squi

Popl

ar

Sum

as M

ount

ain

Sum

as P

rair

e

104

83

94

76

5

46

32 3

9

2

Community

Inventory

Sales Ratio

Sales

Median Data31

313

80

$643,750

1

20% 100%25

InventorySales


32

2

3

DEC

$649,900

224

45

52

11

1

5

11

38%

JAN

$619,250

217

70

13


JUNE

May

288

209

$745,000

$293

104%

9

2

FEB

$648,000

230

70

MAR

$672,500

244

140

21

April

270

161

$691,000

$280

102%

8

APR

NOVMAY MAYJUN JUL AUG SEP OCT DEC JAN FEB MAR APR

$691,000

$745,000

270288

161

209

200%

EXCEEDS

ABBOTSFORDCondos and Townhomes

Varlance

Inventory

Solds

Sale Price

Sale Price SQFT


Days on Market

12%

18%

5%

5%

7%

--



4000k & Greater

31

81

45

34

34

77

43

33

91%

95%

96%

97%

12

Inventory

Sales



0

100

200

103% 87% 98% 82%35 124 47

11

0

36 108 46 9

0 t

o 1

Bed

room

2 B

edro

oms

3 B

edro

oms

4 B

edro

oms

& M

ore


$207,250

$221,000

$245,000

$220,000

$245,000$231,750

InventorySales

214228 226214 211

252

106

180 194

146 152 111134

228

$230,000


Inventory

Sales Ratio

Sales

Median Data

NOV


20

40

60

80

100

120

140

130% 85% 80%

Abb

otsf

ord

East

Abb

otsf

ord

Wes

tA

berd

en

Brad

ner

Cen

tral

Abb

otsf

ord

Mat

squi

Popl

ar

Sum

as M

ount

ain

Sum

as P

rair

e

26

20

76

895

101

8111

Community InventorySales

$222,500

DEC

142

87

53

$224,750

JAN

163

66


JUNE

May

217

199

$262,000

$243

105%

8

April

194

169

$250,500

$232

98%

8

17 71%

100%

50%2

2 2

1

183%

$228,750

FEB

159

126

1

6

$265,000

MAR

194

174

$250,500

$262,000

APR


194 217

169 199

1

500%

EXCEEDS

Documents

DEVELOPERS MARKET INTELudi.bc.ca/wp-content/uploads/2017/06/Report_June_2017.pdf · 2017-06-27 · Real Estate Board received 3,712 new listings in May 2017, a 25.8 per cent increase