Vancouver Housing Market Update – May 2014

The Real Estate Board of Greater Vancouver (REBGV) has released the May 2014 Vancouver housing market update. The statistics report shows a strong increase in home buyer demand as well as home prices continue to increase at  a very consistent and modest pace. The key stats from the report are below:

Key Stats:

  • Residential Sales Totaled: 3,286 – an increase of 14% compared to May 2013 and a 7.7% increase compared to April 2014
  • Sales-to-Listing Ratio: 20.4% – this marks the first time this ratio has been greater than 20% since 2011
  • New Listings Totaled: 5,936 – an increase of 5% compared to May 2013
  • Current Listings Totaled: 16,072 – an increase of 3.6% compared to April 2014

Benchmark Prices:

  • All Residential Properties: $624,000 – an increase of 4.3% compared to May 2013
  • Detached Properties: $966,500 – an increase of 5.4% compared to May 2013
  • Apartment Properties: $377,500 – an increase of 3.2% compared to May 2013
  • Attached Unit: $469,100 – an increase of 3.1% compared to May 2013

The President of REBGV, Ray Harris, says, “Our MLS® statistics tell us that there’s more home buyer demand today than at any point over the last three years. With sales surpassing the 3,000 mark in May and our sales-to-active-listing ratio exceeding 20 per cent, this is the most active marketplace we’ve seen since the spring of 2011.”


For more information on REBGV’s Vancouver Housing Market Update, click here.

All statistics are from the Multiple Listing Service® (MLS®)

If you have any questions regarding the above, please give us a call at 604-588-4466 or email us at