News Release

FOR IMMEDIATE RELEASE:

Home sellers awaken this spring, bringing much-needed

inventory to the housing market

VANCOUVER, BC – March 4, 2024 – While Metro Vancouver1 home sellers appeared

somewhat hesitant in January, new listings rose 31 per cent year-over-year in February,
bringing a significant number of newly listed properties to the market.

Greater Vancouver REALTORS® (GVR)2 reports that residential sales3 in the region totalled
2,070 in February 2024, a 13.5 per cent increase from the 1,824 sales recorded in February
2023. This was 23.3 per cent below the 10-year seasonal average (2,699).

“While the pace of home sales started the year off briskly, the pace of newly listed properties
in January was slower by comparison. A continuation of this pattern in February would have
been concerning, as it could quickly tilt the market towards overheated conditions,” Andrew
Lis, GVR’s director of economics and data analytics said. “With new listings up about 31 per
cent year-over-year in February, this will relieve some of the pressure that was building in
January and offer buyers more choice as we enter the spring and summer markets.”

There were 4,560 detached, attached and apartment properties newly listed for sale on the
Multiple Listing Service® (MLS®) in Metro Vancouver in February 2024. This represents a 31.1
per cent increase compared to the 3,478 properties listed in February 2023. This was 0.2 per
cent below the 10-year seasonal average (4,568).

The total number of properties currently listed for sale on the MLS® system in Metro
Vancouver is 9,634, a 16.3 per cent increase compared to February 2023 (8,283). This is three
per cent above the 10-year seasonal average (9,352).

Across all detached, attached and apartment property types, the sales-to-active listings ratio
for February 2024 is 22.4 per cent. By property type, the ratio is 16 per cent for detached
homes, 27.9 per cent for attached, and 25.9 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.

“Even with the increase in new listings however, standing inventory levels were not high
enough relative to the pace of sales to mitigate price acceleration in February, with most
segments of the market moving into sellers’ territory,” Lis said. “This competitive dynamic has
led to modest price growth across all market segments this month, but it’s noteworthy that
benchmark prices remain below the peak observed in the spring of 2022, before the market
internalized the full effect of the Bank of Canada’s tightening cycle.”
The MLS® Home Price Index composite benchmark price for all residential properties in
Metro Vancouver is currently $1,183,300. This represents a 4.5 per cent increase over February
2023 and a 1.9 per cent increase compared to January 2024.

Sales of detached homes in February 2024 reached 560, an 8.3 per cent increase from the 517
detached sales recorded in February 2023. The benchmark price for a detached home is
$1,972,400. This represents a 7.2 per cent increase from February 2023 and a 1.5 per cent
increase compared to January 2024.

Sales of apartment homes reached 1,092 in February 2024, a 17.7 per cent increase compared
to the 928 sales in February 2023. The benchmark price of an apartment home is $770,700.
This represents a 5.6 per cent increase from February 2023 and a 2.5 per cent increase
compared to January 2024.

Attached home sales in February 2024 totalled 403, a 10.1 per cent increase compared to the
366 sales in February 2023. The benchmark price of a townhouse is $1,094,700. This
represents a 4.2 per cent increase from February 2023 and a 2.6 per cent increase compared
to January 2024.

-30-

1. Editor’s Note: 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 the
Greater Vancouver REALTORS®.

3. GVR is now including multifamily and land sales and listings in this monthly report. Previously, we only included
detached, attached, and apartment sales, and these additional categories, which typically account for roughly
one to two per cent of total MLS® activity per month, are being included for completeness in our reporting.

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:

Craig Munn
V.P., Communication and Events
Greater Vancouver REALTORS®
604.730.3146
[email protected]
 * February 2024

Benchmark Price 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year 10 Year

Property Type Area
Price Index Change % Change % Change % Change % Change % Change % Change %
Residential / Composite Lower Mainland $1,116,800 339.3 1.6% -0.4% -2.7% 4.8% 17.9% 34.1% 84.8%
Greater Vancouver $1,183,300 335.1 1.9% -0.1% -2.1% 4.5% 15.9% 29.2% 74.9%
Bowen Island $1,342,200 281.7 -0.6% -6.2% -5.1% 0.2% 11.1% 39.1% 125.4%
Burnaby East $1,163,500 362.0 0.2% -0.2% -2.6% 4.7% 20.4% 28.5% 101.4%
Burnaby North $1,002,500 333.8 1.6% -0.1% -1.7% 3.4% 13.9% 28.7% 90.9%
Burnaby South $1,113,500 351.4 1.6% 0.6% -2.1% 4.9% 18.5% 25.8% 93.6%
Coquitlam $1,113,700 348.2 2.4% 1.0% -1.8% 4.1% 19.6% 36.1% 111.5%
Ladner $1,120,000 325.3 0.4% -1.5% -5.0% 6.0% 20.7% 38.3% 112.2%
Maple Ridge $968,900 335.4 1.1% 0.1% -3.6% 5.7% 21.9% 49.3% 150.3%
New Westminster $820,600 372.0 0.7% -0.9% -3.1% 2.8% 21.5% 33.7% 107.6%
North Vancouver $1,370,000 314.8 1.5% 0.0% -1.8% 2.7% 12.9% 29.9% 86.5%
Pitt Meadows $923,100 368.8 2.8% 1.6% -0.5% 11.0% 23.7% 50.3% 169.6%
Port Coquitlam $960,200 369.3 3.2% 1.3% -1.2% 6.0% 27.4% 48.8% 144.1%
Port Moody $1,103,600 348.6 1.0% -2.0% -2.2% 0.5% 20.4% 40.7% 126.5%
Richmond $1,173,100 385.3 2.9% -0.1% -1.2% 2.9% 20.7% 30.4% 89.1%
Squamish $1,076,300 351.5 1.3% -2.3% -2.4% 4.5% 19.7% 40.7% 147.9%
Sunshine Coast $803,400 294.6 0.9% -2.2% -4.5% -1.3% 14.9% 40.8% 137.6%
Tsawwassen $1,199,200 311.6 0.7% -2.5% -1.4% 9.6% 16.5% 31.4% 94.1%
Vancouver East $1,195,700 371.9 0.8% -1.0% -3.5% 6.9% 17.5% 29.3% 89.3%
Vancouver West $1,337,400 314.4 4.0% 0.9% -0.7% 5.3% 9.5% 14.0% 41.7%
West Vancouver $2,492,700 268.7 -3.7% -2.6% -6.3% 0.8% -3.4% 17.6% 36.5%
Whistler $1,346,300 302.5 0.3% -3.0% -3.8% 2.2% 20.3% 44.0% 159.7%
Single Family Detached Lower Mainland $1,759,700 385.3 1.5% -0.3% -2.4% 8.1% 19.5% 43.2% 100.8%
Greater Vancouver $1,972,400 366.8 1.6% -0.5% -2.3% 7.3% 16.9% 36.1% 80.5%
Bowen Island $1,344,800 281.8 -0.6% -6.3% -5.1% 0.2% 11.0% 39.0% 125.4%
Burnaby East $1,880,600 402.2 1.5% 3.4% -2.2% 8.5% 26.3% 42.6% 120.9%
Burnaby North $2,058,100 393.5 2.1% 0.0% 0.5% 10.9% 23.3% 41.0% 110.0%
Burnaby South $2,231,100 418.1 3.3% 2.9% -0.9% 12.9% 24.1% 39.6% 110.3%
Coquitlam $1,801,800 417.2 2.4% 0.7% 0.2% 7.0% 23.3% 50.7% 149.5%
Ladner $1,387,800 335.9 0.1% 0.7% -4.0% 12.2% 20.2% 46.6% 121.0%
Maple Ridge $1,256,300 366.9 1.3% 0.8% -4.2% 7.1% 20.5% 55.2% 170.2%
New Westminster $1,541,300 381.6 1.9% 2.5% -2.9% 6.8% 23.1% 42.3% 116.1%
North Vancouver $2,216,600 344.0 1.3% 0.2% -2.3% 4.6% 12.5% 38.8% 107.0%
Pitt Meadows $1,301,500 391.4 4.5% 2.8% -1.2% 13.6% 21.6% 50.9% 173.7%
Port Coquitlam $1,417,900 399.4 3.6% 3.2% -1.4% 8.8% 25.5% 58.3% 167.7%
Port Moody $2,040,400 387.3 -1.5% -1.8% -1.8% 2.9% 24.1% 45.1% 142.4%
Richmond $2,128,500 433.2 2.4% -1.6% -3.2% 3.6% 18.6% 26.9% 101.5%
Squamish $1,531,600 374.7 2.4% -2.6% -4.0% 1.9% 13.2% 39.2% 181.5%
Sunshine Coast $847,800 296.2 1.3% -1.9% -5.2% -2.3% 13.1% 42.1% 136.8%
Tsawwassen $1,567,400 346.5 1.5% -1.4% 1.3% 17.4% 19.6% 45.7% 116.3%
Vancouver East $1,831,800 407.4 -0.5% -1.9% -4.3% 8.1% 17.4% 34.1% 106.7%
Vancouver West $3,434,700 356.9 4.1% -1.0% -2.4% 5.2% 8.2% 17.7% 52.3%
West Vancouver $3,076,200 284.8 -4.8% -4.1% -6.0% 3.3% -0.8% 19.4% 44.6%
Whistler $2,394,800 313.3 0.3% -0.9% -2.7% 4.3% 21.0% 42.0% 146.1%
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.

* MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association 1 of 22
 * February 2024

Benchmark Price 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year 10 Year

Property Type Area
Price Index Change % Change % Change % Change % Change % Change % Change %

Townhouse Lower Mainland $965,900 367.8 1.8% -0.1% -1.1% 5.4% 30.8% 45.0% 134.3%
Greater Vancouver $1,094,700 380.2 2.6% 0.2% -0.8% 4.2% 28.0% 40.8% 132.4%
Burnaby East $861,600 371.4 -1.7% -2.4% -4.6% 0.9% 22.6% 32.0% 125.9%
Burnaby North $893,100 366.9 2.4% -0.6% -2.4% 1.7% 23.5% 34.2% 125.6%
Burnaby South $1,015,100 382.8 2.4% 0.9% -2.1% 3.7% 26.6% 30.5% 126.9%
Coquitlam $1,061,900 414.0 2.8% 1.9% -0.9% 4.6% 30.3% 47.5% 163.2%
Ladner $949,000 379.1 3.3% -4.9% -4.0% -0.7% 24.3% 31.0% 128.8%
Maple Ridge $760,400 381.2 1.9% -2.0% -0.4% 5.3% 28.7% 49.7% 180.7%
New Westminster $915,300 384.9 2.2% -3.9% -4.6% -2.2% 26.6% 36.6% 122.6%
North Vancouver $1,342,000 359.5 2.0% -1.2% 1.7% -1.6% 27.4% 45.1% 130.7%
Pitt Meadows $814,100 398.3 -0.3% -2.1% -1.9% 6.8% 20.6% 44.4% 170.0%
Port Coquitlam $915,600 367.9 0.7% -3.0% -4.0% 3.6% 26.3% 45.8% 153.4%
Port Moody $1,005,100 387.5 0.6% -2.7% -4.9% 1.7% 25.1% 46.1% 154.6%
Richmond $1,120,500 404.4 1.9% 2.1% 0.0% 3.7% 30.2% 41.8% 126.2%
Squamish $1,030,500 370.4 2.2% -3.0% -3.3% 3.1% 26.3% 49.8% 172.0%
Sunshine Coast $741,100 342.2 2.1% -3.3% -3.4% 3.0% 29.1% 56.3% 157.9%
Tsawwassen $954,400 282.1 2.8% -5.1% -5.0% -4.9% 15.1% 5.4% 63.6%
Vancouver East $1,108,100 365.5 4.8% -0.1% -2.4% 5.0% 23.4% 27.4% 108.1%
Vancouver West $1,526,500 347.2 5.5% 4.5% 1.9% 9.7% 24.4% 25.8% 106.4%
Whistler $1,488,500 385.8 2.3% -2.6% -3.1% 5.0% 33.2% 65.1% 210.1%
Apartment Lower Mainland $714,800 357.0 2.2% 0.8% -0.3% 5.7% 21.7% 28.0% 111.4%
Greater Vancouver $770,700 355.2 2.5% 1.1% 0.1% 5.6% 19.7% 24.9% 109.4%
Burnaby East $780,300 333.9 0.1% -3.4% -2.3% 4.7% 20.2% 19.5% 97.5%
Burnaby North $748,800 372.9 1.4% 1.0% 0.2% 4.4% 21.6% 34.6% 124.5%
Burnaby South $810,500 388.4 0.6% 0.5% -1.5% 5.0% 21.7% 22.3% 124.9%
Coquitlam $729,300 413.4 3.1% 2.4% -1.8% 5.3% 25.3% 29.5% 154.6%
Ladner $682,700 347.3 -3.0% -5.9% -6.7% -1.3% 25.8% 38.1% 145.3%
Maple Ridge $533,100 373.1 0.4% 0.4% -2.3% 6.4% 30.0% 42.6% 160.7%
New Westminster $647,300 394.9 -0.2% -1.6% -1.8% 3.5% 22.0% 28.9% 127.7%
North Vancouver $809,400 326.0 2.2% 0.6% -1.0% 5.8% 18.2% 24.1% 122.1%
Pitt Meadows $609,600 416.7 0.5% 0.6% -1.7% 8.1% 27.1% 37.9% 162.4%
Port Coquitlam $650,200 444.1 6.1% 3.4% 3.8% 7.0% 31.9% 39.7% 175.7%
Port Moody $736,200 395.4 5.9% -0.5% 0.9% 5.8% 21.5% 36.1% 150.3%
Richmond $769,800 423.0 4.9% 2.2% 3.1% 5.6% 26.5% 34.8% 131.9%
Squamish $638,900 378.9 -3.8% -3.3% 0.8% 9.3% 32.3% 36.7% 247.9%
Sunshine Coast $592,000 337.7 -3.8% -4.3% -0.7% 7.1% 22.2% 19.0% 155.3%
Tsawwassen $671,000 314.6 -0.9% -3.3% -4.5% 1.0% 21.6% 24.2% 125.7%
Vancouver East $709,500 408.9 2.5% 0.6% -2.0% 4.6% 14.5% 20.6% 110.7%
Vancouver West $854,500 326.1 2.9% 1.4% 0.9% 5.3% 11.8% 13.7% 87.5%
West Vancouver $1,339,900 261.1 4.1% 8.0% -1.2% 3.8% 15.5% 22.0% 87.0%
Whistler $737,300 317.1 -2.0% -4.3% 1.1% 12.9% 34.6% 44.9% 252.7%

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
 Feb 2024
Dec 2023
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Apartment

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Feb 2022
Greater Vancouver

Dec 2021
5 Year Trend

Oct 2021
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Detached

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Feb 2021
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Residential

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Jun 2020
C:\DATA\MonthEnd\Hpi\export\hi_res\gv-hpi2.tif

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Jan 2005 HPI = 100

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 2 31 2024 MLS® SALES Facts
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Detached 3 40 45 21 4 81 10 42 15 7 67 18 31 64 66 40 6 560
Number
of Attached 0 38 40 17 0 49 5 29 17 8 56 13 3 67 46 2 13 403
February Sales Apartment 0 176 103 23 0 38 63 90 32 31 108 5 4 117 262 12 28 1,092
2024 Detached n/a $1,965,000 $1,800,000 $1,640,000 n/a $1,360,000 n/a $2,141,500 n/a n/a $2,190,000 n/a $877,500 $1,865,944 $3,600,000 $2,520,000 n/a
Median
Selling Attached n/a $1,021,500 $1,189,000 n/a n/a $810,000 n/a $1,353,000 n/a n/a $1,195,000 n/a n/a $1,521,024 $1,663,000 n/a n/a n/a
Price Apartment n/a $727,500 $646,500 $689,900 n/a $570,000 $610,000 $799,000 $637,000 $710,000 $729,000 n/a n/a $675,000 $845,000 n/a $684,500
Detached 3 42 28 29 2 57 7 37 10 7 32 6 21 38 39 14 7 379
Number
of Attached 0 29 23 11 1 27 6 17 15 12 35 8 5 60 19 3 14 285
January Sales Apartment 0 134 61 5 0 41 41 63 18 11 92 5 3 67 186 6 13 746
2024 Median Detached n/a $2,065,000 $1,646,500 $1,385,000 n/a $1,261,000 n/a $2,099,000 n/a n/a $2,219,000 n/a $900,000 $1,872,500 $3,070,000 n/a n/a
Selling Attached n/a $1,099,000 $1,080,000 n/a n/a $800,000 n/a n/a n/a n/a $1,192,000 n/a n/a $1,454,500 n/a n/a n/a n/a
Price Apartment n/a $721,000 $666,900 n/a n/a $530,000 $640,000 $811,000 n/a n/a $687,500 n/a n/a $680,000 $828,000 n/a n/a
Detached 3 47 34 22 1 76 11 48 11 11 60 12 24 57 66 27 7 517
Number
of Attached 0 45 40 16 0 41 3 24 14 15 46 8 7 40 44 6 17 366
February Sales Apartment 0 180 84 14 0 26 52 76 15 20 118 8 2 101 206 10 16 928
2023 Detached n/a $1,837,000 $1,659,542 $1,355,000 n/a $1,150,000 n/a $1,852,500 n/a n/a $1,837,500 n/a $1,072,500 $1,748,000 $3,356,500 $2,884,000 n/a
Median
Selling Attached n/a $1,000,800 $1,115,000 n/a n/a $705,500 n/a $1,391,450 n/a n/a $1,166,250 n/a n/a $1,337,738 $1,486,500 n/a n/a n/a
Price Apartment n/a $688,500 $616,250 n/a n/a $491,450 $630,500 $738,810 n/a $632,450 $639,800 n/a n/a $610,000 $787,000 n/a n/a
Detached 6 82 73 50 6 138 17 79 25 14 99 24 52 102 105 54 13 939
Number
of Attached 0 67 63 28 1 76 11 46 32 20 91 21 8 127 65 5 27 688
Jan. - Sales Apartment 0 310 164 28 0 79 104 153 50 42 200 10 7 184 448 18 41 1,838
Feb. 2024 Median Detached n/a $2,004,444 $1,710,000 $1,421,500 n/a $1,300,000 n/a $2,100,000 $1,375,750 n/a $2,190,000 $1,502,500 $895,000 $1,865,944 $3,406,500 $2,585,000 n/a
Selling Attached n/a $1,040,000 $1,187,000 $1,037,500 n/a $802,500 n/a $1,392,500 $935,000 $915,000 $1,192,000 $985,000 n/a $1,490,500 $1,675,000 n/a $1,380,000 n/a
Year-to-date Price Apartment n/a $722,000 $652,000 $689,950 n/a $540,000 $628,500 $805,000 $640,000 $705,000 $716,900 n/a n/a $675,000 $832,500 n/a $590,000
Detached 4 73 55 44 4 120 22 66 24 14 84 20 46 90 91 43 13 813
Number
of Attached 0 65 44 21 0 54 5 42 24 21 61 13 9 68 64 7 24 522
Jan. - Sales Apartment 0 260 132 23 0 48 79 122 26 34 199 12 2 157 354 19 32 1,499
Feb. 2023 Detached n/a $1,853,500 $1,580,000 $1,332,500 n/a $1,150,000 $1,230,000 $1,852,500 $1,280,000 n/a $1,925,250 $1,357,500 $942,000 $1,700,000 $3,380,000 $2,867,000 n/a
Median
Selling Attached n/a $1,000,800 $1,102,500 $1,128,000 n/a $708,150 n/a $1,386,500 $822,500 $1,040,000 $1,119,500 n/a n/a $1,385,000 $1,555,500 n/a $1,610,000 n/a
Year-to-date Price Apartment n/a $692,500 $654,950 $650,000 n/a $502,900 $623,000 $756,000 $579,000 $654,950 $642,400 n/a n/a $616,500 $800,000 n/a $562,500

Note: Median Selling Prices are not reported for areas with less than 20 sales or for the Gulf Islands
 2 31 2024 MLS® LISTINGS Facts
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Detached 13 100 103 57 8 229 32 95 55 23 150 27 83 135 163 111 12 1,396

Number
of Attached 0 62 94 23 0 95 25 65 26 21 81 19 12 159 112 8 33 835
February Listings Apartment 0 354 171 30 0 106 128 177 64 35 230 21 5 246 655 45 54 2,321
2024 Detached 23% 40% 44% 37% 50% 35% 31% 44% 27% 30% 45% 67% 37% 47% 40% 36% 50%
% Sales to
Attached n/a 61% 43% 74% n/a 52% 20% 45% 65% 38% 69% 68% 25% 42% 41% 25% 39% n/a
Listings
Apartment n/a 50% 60% 77% n/a 36% 49% 51% 50% 89% 47% 24% 80% 48% 40% 27% 52%
Detached 8 81 77 47 1 159 25 86 23 9 136 31 63 116 146 128 8 1,144
Number
of Attached 0 55 65 28 0 44 16 48 14 15 67 21 7 158 102 9 22 671
January Listings Apartment 0 313 144 21 0 89 90 131 34 30 204 15 12 225 600 34 28 1,970
2024 Detached 38% 52% 36% 62% 200% 36% 28% 43% 43% 78% 24% 19% 33% 33% 27% 11% 88%
% Sales to
Attached n/a 53% 35% 39% n/a 61% 38% 35% 107% 80% 52% 38% 71% 38% 19% 33% 64% n/a
Listings
Apartment n/a 43% 42% 24% n/a 46% 46% 48% 53% 37% 45% 33% 25% 30% 31% 18% 46%
Detached 3 81 61 54 7 118 26 78 34 18 117 45 67 109 148 111 22 1,099
Number
of Attached 0 69 52 31 0 59 10 51 7 22 81 19 13 114 91 3 22 644
February Listings Apartment 0 276 112 27 0 52 70 120 45 49 257 15 7 156 475 35 31 1,727
2023 Detached 100% 58% 56% 41% 14% 64% 42% 62% 32% 61% 51% 27% 36% 52% 45% 24% 32%
% Sales to
Attached n/a 65% 77% 52% n/a 69% 30% 47% 200% 68% 57% 42% 54% 35% 48% 200% 77% n/a
Listings
Apartment n/a 65% 75% 52% n/a 50% 74% 63% 33% 41% 46% 53% 29% 65% 43% 29% 52%

Number Detached 21 181 180 104 9 388 57 181 78 32 286 58 146 251 309 239 20 2,540
of Attached 0 117 159 51 0 139 41 113 40 36 148 40 19 317 214 17 55 1,506
Jan. - Listings Apartment 0 667 315 51 0 195 218 308 98 65 434 36 17 471 1,255 79 82 4,291
Feb. 2024 Detached 29% 45% 41% 48% 67% 36% 30% 44% 32% 44% 35% 41% 36% 41% 34% 23% 65%
% Sales to
Attached n/a 57% 40% 55% n/a 55% 27% 41% 80% 56% 61% 53% 42% 40% 30% 29% 49% n/a
Year-to-date* Listings
Apartment n/a 46% 52% 55% n/a 41% 48% 50% 51% 65% 46% 28% 41% 39% 36% 23% 50%
Detached 14 174 137 114 11 252 47 135 54 42 252 68 125 214 274 199 31 2,143
Number
of Attached 0 128 91 52 1 102 22 92 23 44 153 25 25 197 180 14 46 1,195
Jan. - Listings Apartment 0 529 255 43 0 119 142 251 86 104 449 22 16 326 971 59 68 3,440
Feb. 2023 Detached 29% 42% 40% 39% 36% 48% 47% 49% 44% 33% 33% 29% 37% 42% 33% 22% 42%
% Sales to
Attached n/a 51% 48% 40% 0% 53% 23% 46% 104% 48% 40% 52% 36% 35% 36% 50% 52% n/a
Listings
Year-to-date* Apartment n/a 49% 52% 53% n/a 40% 56% 49% 30% 33% 44% 55% 13% 48% 36% 32% 47%

* Year-to-date listings represent a cumulative total of listings rather than total active listings.
 Listing & Sales Activity Summary

Listings Sales
1 2 3 Col. 2 & 3 5 6 7 Col. 6 & 7 9 10 Col. 9 & 10
Feb Jan Feb Percentage Feb Jan Feb Percentage Dec 2022 - Dec 2023 - Percentage
2023 2024 2024 Variance 2023 2024 2024 Variance Feb 2023 Feb 2024 Variance

BOWEN ISLAND % % %
DETACHED 3 8 13 62.5 3 3 3 0.0 4 6 50.0
ATTACHED 0 0 0 0.0 0 0 0 0.0 0 0 0.0
APARTMENTS 0 0 0 0.0 0 0 0 0.0 0 0 0.0

BURNABY % % %
DETACHED 81 81 100 23.5 47 42 40 -4.8 107 113 5.6
ATTACHED 69 55 62 12.7 45 29 38 31.0 94 91 -3.2
APARTMENTS 276 313 354 13.1 180 134 176 31.3 380 443 16.6

COQUITLAM
DETACHED 61 77 103 33.8 34 28 45 60.7 87 104 19.5
ATTACHED 52 65 94 44.6 40 23 40 73.9 58 92 58.6
APARTMENTS 112 144 171 18.8 84 61 103 68.9 167 223 33.5

DELTA
DETACHED 54 47 57 21.3 22 29 21 -27.6 66 67 1.5
ATTACHED 31 28 23 -17.9 16 11 17 54.5 23 36 56.5
APARTMENTS 27 21 30 42.9 14 5 23 360.0 31 36 16.1

MAPLE RIDGE/PITT MEADOWS

DETACHED 118 159 229 44.0 76 57 81 42.1 171 201 17.5
ATTACHED 59 44 95 115.9 41 27 49 81.5 82 101 23.2
APARTMENTS 52 89 106 19.1 26 41 38 -7.3 70 107 52.9

NORTH VANCOUVER
DETACHED 78 86 95 10.5 48 37 42 13.5 91 109 19.8
ATTACHED 51 48 65 35.4 24 17 29 70.6 62 68 9.7
APARTMENTS 120 131 177 35.1 76 63 90 42.9 184 207 12.5

NEW WESTMINSTER
DETACHED 26 25 32 28.0 11 7 10 42.9 31 27 -12.9
ATTACHED 10 16 25 56.3 3 6 5 -16.7 12 14 16.7
APARTMENTS 70 90 128 42.2 52 41 63 53.7 115 137 19.1

PORT MOODY/BELCARRA
DETACHED 18 9 23 155.6 11 7 7 0.0 22 20 -9.1
ATTACHED 22 15 21 40.0 15 12 8 -33.3 27 27 0.0
APARTMENTS 49 30 35 16.7 20 11 31 181.8 60 54 -10.0

PORT COQUITLAM
DETACHED 34 23 55 139.1 11 10 15 50.0 34 32 -5.9
ATTACHED 7 14 26 85.7 14 15 17 13.3 34 38 11.8
APARTMENTS 45 34 64 88.2 15 18 32 77.8 43 71 65.1

RICHMOND
DETACHED 117 136 150 10.3 60 32 67 109.4 120 141 17.5
ATTACHED 81 67 81 20.9 46 35 56 60.0 98 120 22.4
APARTMENTS 257 204 230 12.7 118 92 108 17.4 295 296 0.3

SUNSHINE COAST
DETACHED 67 63 83 31.7 24 21 31 47.6 66 74 12.1
ATTACHED 13 7 12 71.4 7 5 3 -40.0 11 11 0.0
APARTMENTS 7 12 5 -58.3 2 3 4 33.3 5 9 80.0

SQUAMISH
DETACHED 45 31 27 -12.9 12 6 18 200.0 27 32 18.5
ATTACHED 19 21 19 -9.5 8 8 13 62.5 21 29 38.1
APARTMENTS 15 15 21 40.0 8 5 5 0.0 19 15 -21.1

VANCOUVER EAST
DETACHED 109 116 135 16.4 57 38 64 68.4 128 150 17.2
ATTACHED 114 158 159 0.6 40 60 67 11.7 96 165 71.9
APARTMENTS 156 225 246 9.3 101 67 117 74.6 213 246 15.5

VANCOUVER WEST
DETACHED 148 146 163 11.6 66 39 66 69.2 129 140 8.5
ATTACHED 91 102 112 9.8 44 19 46 142.1 80 88 10.0
APARTMENTS 475 600 655 9.2 206 186 262 40.9 544 625 14.9

WHISTLER/PEMBERTON
DETACHED 22 8 12 50.0 7 7 6 -14.3 28 15 -46.4
ATTACHED 22 22 33 50.0 17 14 13 -7.1 36 38 5.6
APARTMENTS 31 28 54 92.9 16 13 28 115.4 46 55 19.6

WEST VANCOUVER/HOWE SOUND

DETACHED 111 128 111 -13.3 27 14 40 185.7 69 77 11.6
ATTACHED 3 9 8 -11.1 6 3 2 -33.3 10 7 -30.0
APARTMENTS 35 34 45 32.4 10 6 12 100.0 29 33 13.8

GRAND TOTALS
DETACHED 1092 1143 1388 21.4 516 377 556 47.5 1180 1308 10.8
ATTACHED 644 671 835 24.4 366 284 403 41.9 744 925 24.3
APARTMENTS 1727 1970 2321 17.8 928 746 1092 46.4 2201 2557 16.2
 Residential Average Sale Prices - January 1977 to February 2024
DETACHED CONDOMINIUM ATTACHED APARTMENTS
IN THOUSANDS ($)

2500
$2,160,904

2000

1500

$1,264,960

1000

$827,250
500

77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
00
01
02
03
04
05
06
07
08
09
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24

19
19
19
19
19
19
19
19
19
19
19
19
19
19
19
19
19
19
19
19
19
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19
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20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20

NOTE: From 1977 - 1984 condominium averages were not separated into attached & apartment.