The number of home sales in Greater Vancouver increased significantly last month compared to August 2008 and moved closer in line with the active summer months experienced between 2003 and 2007.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater
Vancouver increased 119.5 per cent in August 2009 to 3,441 from the 1,568 sales recorded in August
2008 and increased 1.7 per cent compared to August 2007.
New listings for detached, attached and apartment properties increased 4.9 per cent to 4,544 in August
“The return of confidence to our market has brought a high volume of home sales over the last few
months and has also made determining home prices a little more challenging,” said Scott Russell,
REBGV president. “The number of residential home sales this summer has been comparable to activity
Since the beginning of the year, the MLSLink® Housing Price Index (HPI) benchmark price for all
residential properties in Greater Vancouver has increased 11.4 per cent to $539,600 from $484,211.
Sales of detached properties in August 2009 increased 155.5 per cent to 1,367 from the 535 units sold
during the same period in 2008. The benchmark price, as calculated by the MLSLink Housing Price
Sales of apartment properties increased 97.8 per cent last month to 1,464, compared to the 740 sales
in August 2008. The benchmark price of an apartment property declined 1.4 per cent from August 2008
Attached property sales in August 2009 increased 108.2 per cent to 610, compared with the 293 sales
during the same month in 2008. The benchmark price of an attached unit declined 0.9 per cent between
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.