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News Release
FOR IMMEDIATE RELEASE:



January home sales remain quiet
VANCOUVER, B.C. – February 4, 2013 – Home buyer demand remains below historical
averages in the Greater Vancouver housing market. This has led some home sellers to remove
their homes from the market in recent months.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in
Greater Vancouver reached 1,351 on the Multiple Listing Service® (MLS®) in January 2013.
This represents a 14.3 per cent decrease compared to the 1,577 sales recorded in January 2012,
and an 18.3 per cent increase compared to the 1,142 sales in December 2012.

Last month’s sales were the second lowest January total in the region since 2001 and 18.7 per
cent below the 10-year sales average for the month.

“Home sale activity has been below historical averages in Greater Vancouver for about seven
months. This has caused a gradual decline in home prices of about 6 per cent since reaching a
peak last spring,” Klein said.

Since reaching a peak in May of $625,100, the MLS® Home Price Index composite benchmark
price for all residential properties in Greater Vancouver has declined 5.9 per cent to $588,100.
This represents a 2.8 per cent decline compared to this time last year.

“It appears many home sellers are opting to remove their homes from the market rather than
settle for a price they don’t want,” Eugen Klein, REBGV president said.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,128
in January. This represents a 10.9 per cent decline compared to the 5,756 new listings reported in
January 2012. Last month’s new listing count was 18.9 per cent higher than the region’s 10-year
new listing average for the month.

The total number of properties currently listed for sale on the Greater Vancouver MLS® is
13,246, a 5.6 per cent increase compared to January 2012 and a 4.5 per cent decline compared to
December 2012. This is the fourth consecutive month that overall home listings have declined in
the region.

“When a home seller isn’t receiving the kind of offers they want, there comes a point when they
decide to either lower the price or remove the home from the market. Right now, it seems many
home sellers are opting for the latter,” Klein said.
With the sales-to-active-listings ratio at 10.2 per cent, the region remains in buyers’ market
territory. Since June, this ratio has ranged between 8 and 11 per cent.

Sales of detached properties in January 2013 reached 542, a decrease of 17.8 per cent from the
659 detached sales recorded in January 2012, and a 31.7 per cent decrease from the 793 units
sold in January 2011. The benchmark price for detached properties decreased 3.1 per cent from
January 2012 to $901,000. Since reaching a peak in May 2012, the benchmark price of a
detached property has declined 6.9 per cent.

Sales of apartment properties reached 576 in January 2013, a decline of 12.3 per cent compared
to the 657 sales in January 2012, and a decrease of 19.2 per cent compared to the 713 sales in
January 2011. The benchmark price of an apartment property decreased 2.9 per cent from
January 2012 to $358,400. Since reaching a peak in May 2012, the benchmark price of an
apartment property has declined 5.6 per cent.

Attached property sales in January 2013 totalled 233, a decline of 10.7 per cent compared to the
261 sales in January 2012, and a 25.6 per cent decrease from the 313 attached properties sold in
January 2011. The benchmark price of an attached unit decreased 1.7 per cent between January
2012 and 2013 to $449,900. Since reaching a peak in April 2012, the benchmark price of an
attached property has declined 7.7 per cent.



                                                    -30-

The real estate industry is a key economic driver in British Columbia. In 2012, 25,032 homes changed ownership in
the Board’s area generating $1.07 billion in economic spin-off activity and creating an estimated 7,125 jobs. The
total dollar value of residential sales transacted throughout the MLS® system in Greater Vancouver totalled $18.6
billion in 2012. The Real Estate Board of Greater Vancouver is an association representing more than 11,000
REALTORS® and their companies. The Board 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.rebgv.org.


For more information please contact:
Craig Munn, Assistant Manager of Communications
Real Estate Board of Greater Vancouver
Phone: (604) 730-3146
cmunn@rebgv.org
www.rebgv.org| Facebook|Twitter
*                              January 2013


                                                                                         Benchmark                  Price             1 Month  3 Month  6 Month  1 Year   3 Year   5 Year
           Property Type                                       Area
                                                                                           Price                    Index            Change % Change % Change % Change % Change % Change %

   Residential / Composite                       Lower Mainland                             $531,000                 149.9               -0.3%               -2.2%   -4.0%   -1.9%    4.0%     4.1%
                                                 Greater Vancouver                          $588,100                 154.2               -0.5%               -2.6%   -4.5%   -2.8%    4.7%     6.2%
                                                 Bowen Island                               $572,900                 124.2               2.3%                -2.3%   -4.7%   1.8%    -6.0%    -8.9%
                                                 Burnaby East                               $542,700                 149.8               -1.5%               -3.7%   -4.8%   -2.4%    1.7%     3.5%
                                                 Burnaby North                              $503,900                 150.5               0.1%                -0.9%   -3.4%   -2.5%    3.2%     4.2%
                                                 Burnaby South                              $550,800                 155.3               -1.8%               -3.7%   -5.0%   -2.8%    5.7%     8.7%
                                                 Coquitlam                                  $493,600                 146.0               -0.8%               -1.8%   -2.7%    1.1%    3.3%     2.5%
                                                 Ladner                                     $521,600                 145.1               1.1%                -1.0%   -5.2%   -1.2%    4.1%     5.5%
                                                 Maple Ridge                                $385,800                 130.4               -1.4%               -1.6%   -1.2%   -1.1%   -2.6%    -6.3%
                                                 New Westminster                            $353,500                 151.7               -0.3%               -2.8%   -4.5%   -1.4%    2.8%     1.4%
                                                 North Vancouver                            $628,000                 142.1               0.6%                -3.1%   -4.1%   -1.7%    2.5%     1.1%
                                                 Pitt Meadows                               $380,800                 137.9               -1.9%                0.3%    1.3%   1.5%    -0.1%    -2.9%
                                                 Port Coquitlam                             $392,900                 139.5               -0.6%               -1.5%   -1.9%   -1.8%   -2.4%    -3.5%
                                                 Port Moody                                 $498,900                 137.8               -0.6%               -2.4%   -2.5%    2.7%    0.1%    -2.4%
                                                 Richmond                                   $558,900                 162.3               -0.4%               -2.5%   -4.5%   -5.2%    5.8%   12.9%
                                                 Squamish                                   $389,600                 125.8               0.5%                -0.9%   -4.0%   1.9%     1.0%    -5.6%
                                                 Sunshine Coast                             $355,100                 124.4               4.3%                -2.7%   -2.7%   -1.3%   -6.4%    -9.5%
                                                 Tsawwassen                                 $580,900                 146.4               -0.8%               -2.7%   -5.7%    1.3%    6.3%     4.9%
                                                 Vancouver East                             $593,000                 173.5               -1.2%               -2.5%   -4.2%    0.3%   10.9%   15.5%
                                                 Vancouver West                             $777,200                 163.8               -0.4%               -1.8%   -4.9%   -4.4%    6.4%     8.8%
                                                 West Vancouver                            $1,539,700                165.3               2.4%                -0.5%   -4.4%   1.4%    17.7%   12.6%
                                                 Whistler                                   $446,200                 106.3               -2.5%               -3.7%   -8.4%   -3.9%   -7.2%   -19.5%
   Single Family Detached                        Lower Mainland                             $740,700                 157.4               -0.1%               -2.2%   -4.1%   -1.6%   10.4%    11.8%
                                                 Greater Vancouver                          $901,000                 166.5               -0.4%               -2.9%   -5.2%   -3.1%   12.7%    16.4%
                                                 Bowen Island                               $572,900                 124.2                2.3%               -2.3%   -4.7%    1.7%   -6.0%    -8.9%
                                                 Burnaby East                               $705,200                 157.7               -1.2%               -5.0%   -6.8%   -3.2%    6.4%    11.5%
                                                 Burnaby North                              $893,800                 172.5               -0.2%               -2.4%   -3.7%   -2.1%   15.8%    19.4%
                                                 Burnaby South                              $921,800                 176.7               -3.1%               -6.8%   -7.7%   -2.3%   20.2%    25.8%
                                                 Coquitlam                                  $696,000                 154.2               -0.7%               -1.7%   -3.3%    2.4%    9.2%    10.5%
                                                 Ladner                                     $606,300                 146.3                1.9%               -0.1%   -5.0%   -0.7%    5.3%     7.3%
                                                 Maple Ridge                                $459,900                 130.7               -0.8%               -1.5%   -0.8%   -0.4%   -1.4%    -4.0%
                                                 New Westminster                            $634,900                 157.5               -0.8%               -3.7%   -6.1%   -4.0%    6.9%    11.9%
                                                 North Vancouver                            $917,900                 146.5                1.0%               -2.9%   -4.7%   -2.5%    6.5%     5.2%
                                                 Pitt Meadows                               $496,700                 138.6               -0.6%               -1.3%   -0.8%   -1.8%   -0.9%     0.3%
                                                 Port Coquitlam                             $545,900                 145.8               -1.0%               -1.9%   -2.8%    0.3%    3.4%     4.6%
                                                 Port Moody                                 $809,600                 150.0               -0.8%               -5.1%   -5.0%    2.3%    7.2%     6.2%
                                                 Richmond                                   $933,100                 187.9               -0.5%               -3.3%   -4.8%   -6.3%   17.4%    29.4%
                                                 Squamish                                   $485,000                 131.0                0.3%               -2.0%   -3.5%   -4.1%    2.7%    -1.5%
                                                 Sunshine Coast                             $353,900                 124.0                4.4%               -2.9%   -2.7%   -1.4%   -6.6%    -9.8%
                                                 Tsawwassen                                 $696,200                 149.9               -1.4%               -3.7%   -5.7%    1.4%    9.4%     7.1%
                                                 Vancouver East                             $819,200                 180.9               -1.2%               -2.7%   -5.1%   -0.5%   18.2%    25.7%
                                                 Vancouver West                            $1,995,300                205.0               -0.4%               -3.2%   -8.1%   -7.5%   20.9%   29.0%
                                                 West Vancouver                            $1,814,900                172.8               2.1%                -0.5%   -5.0%   1.4%    21.6%   17.7%
                                                 Whistler                                   $879,900                 121.8               -1.1%                4.2%    5.0%   3.0%     2.2%   -10.2%
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 10
*                              January 2013


                                                                                         Benchmark                  Price             1 Month  3 Month  6 Month  1 Year   3 Year   5 Year
           Property Type                                       Area
                                                                                           Price                    Index            Change % Change % Change % Change % Change % Change %

             Townhouse                           Lower Mainland                             $384,600                 139.6               -0.4%               -1.4%    -3.7%    -2.0%     0.2%    -0.5%
                                                 Greater Vancouver                          $449,900                 146.0               -0.2%               -1.7%    -4.0%    -1.7%     2.0%     3.5%
                                                 Burnaby East                               $399,800                 143.4               -1.7%               -3.8%    -5.2%    -2.6%    -0.6%     1.8%
                                                 Burnaby North                              $387,000                 144.3               1.1%                -0.2%    -3.2%    -6.7%     1.2%     1.3%
                                                 Burnaby South                              $405,800                 145.6               -1.0%               -1.5%    -2.7%    -3.6%     1.9%     5.0%
                                                 Coquitlam                                  $379,800                 139.5               -1.8%               -2.1%    -0.8%     1.7%     0.2%    -0.1%
                                                 Ladner                                     $425,500                 141.0               -1.1%               -5.5%    -3.8%    -5.2%     0.0%    -0.1%
                                                 Maple Ridge                                $268,900                 130.6               0.5%                -1.0%    -3.3%    -2.3%    -4.7%    -8.4%
                                                 New Westminster                            $375,100                 140.9               -1.6%               -5.8%    -5.6%    -1.1%     2.0%     0.9%
                                                 North Vancouver                            $562,400                 134.6               -0.7%               -2.8%    -5.9%    -4.5%    -1.5%    -1.3%
                                                 Pitt Meadows                               $314,500                 136.1               -2.7%               -2.4%    -2.2%     1.0%    -1.6%    -3.6%
                                                 Port Coquitlam                             $364,900                 138.9               -1.2%               -1.6%    -2.1%    -1.5%    -2.7%    -2.8%
                                                 Port Moody                                 $410,400                 138.7               0.4%                -0.2%    -0.4%     3.5%     0.5%    -2.4%
                                                 Richmond                                   $482,900                 156.1               -1.1%               -2.6%    -4.6%    -3.7%     4.7%    11.7%
                                                 Squamish                                   $350,500                 127.2               4.4%                3.8%     -1.2%    16.0%     2.3%    -2.2%
                                                 Tsawwassen                                 $434,400                 134.3               -1.5%               -6.1%    -5.8%    -5.9%    -4.3%    -4.9%
                                                 Vancouver East                             $515,400                 169.9               0.5%                2.3%     -2.3%     3.2%    10.0%    11.9%
                                                 Vancouver West                             $677,300                 153.2               2.1%                -0.1%    -4.7%     1.3%     5.4%     7.8%
                                                 Whistler                                   $462,200                 124.5               2.6%                5.6%     -0.2%    15.0%    14.4%    -2.6%
              Apartment                          Lower Mainland                             $329,200                 144.4               -0.6%                -2.6%    -4.0%    -2.3%    -2.5%    -3.8%
                                                 Greater Vancouver                          $358,400                 144.9               -0.8%                -2.8%    -4.2%    -2.9%    -2.2%    -2.6%
                                                 Burnaby East                               $368,600                 139.9               -2.6%                 0.6%     0.7%    2.3%     -8.4%   -11.9%
                                                 Burnaby North                              $327,900                 138.6               0.0%                 -0.3%    -2.9%    -0.7%    -4.3%    -4.7%
                                                 Burnaby South                              $364,400                 146.3               -1.3%                -2.5%    -3.8%    -2.7%    -1.3%     0.3%
                                                 Coquitlam                                  $246,700                 135.8               -0.9%                -1.8%    -2.4%    -1.5%    -4.7%    -8.6%
                                                 Ladner                                     $305,900                 145.0               1.0%                 0.7%     -7.2%    -1.6%     4.2%     4.5%
                                                 Maple Ridge                                $178,200                 129.9               -6.7%                -2.6%     0.7%    -2.0%    -3.8%   -13.6%
                                                 New Westminster                            $264,000                 150.9               0.1%                 -2.1%    -3.8%    -0.5%     1.3%    -1.7%
                                                 North Vancouver                            $340,800                 138.4               0.5%                 -3.6%    -2.7%     0.2%    -1.2%    -3.5%
                                                 Pitt Meadows                               $234,200                 138.4               -2.9%                 5.2%     8.5%    8.0%     3.0%     -7.9%
                                                 Port Coquitlam                             $221,100                 131.1               0.4%                 -0.9%    -0.5%    -4.9%   -10.0%   -14.2%
                                                 Port Moody                                 $307,400                 128.1               -1.4%                -1.7%    -2.0%     1.8%    -5.7%    -8.6%
                                                 Richmond                                   $334,700                 141.9               0.2%                 -1.6%    -4.3%    -5.2%    -5.8%    -2.3%
                                                 Squamish                                   $227,200                 109.3               -5.2%                -6.1%   -10.4%     1.2%    -8.2%   -19.8%
                                                 Tsawwassen                                 $328,500                 138.2               1.2%                 1.1%     -5.9%    -0.1%    -0.6%    -0.4%
                                                 Vancouver East                             $299,400                 165.2               -1.3%                -2.9%    -3.7%     1.2%     2.2%     3.8%
                                                 Vancouver West                             $460,000                 148.9               -0.8%                -1.4%    -3.4%    -3.3%    -0.5%     0.1%
                                                 West Vancouver                             $608,700                 133.0               4.4%                 -0.4%    -0.9%     0.9%    -0.8%    -9.3%
                                                 Whistler                                   $194,900                 70.0               -13.5%               -18.8%   -22.3%   -19.3%   -38.9%   -47.5%




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 Real Estate Board of Greater Vancouver & 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 10
Jan 2013
                                                                                                                                                       Nov 2012
                                                                                                                                                       Sep 2012
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                                                                                                                                                       May 2012
                                                                                                                                                       Mar 2012
                                                                                                                                                       Jan 2012
                                                                                                                                                       Nov 2011
                                                   Apartment




                                                                                                                                                       Sep 2011
                                                                                                                                                       Jul 2011
                                                                                                                                                       May 2011
                                                                                                                                                       Mar 2011
                                                                                                                                                       Jan 2011
                                                   Townhouse
Greater Vancouver




                                                                                                                                                       Nov 2010
   5 Year Trend




                                                                                                                                                       Sep 2010
                                                                                                                                                       Jul 2010
                                                                                                                                                       May 2010
                                                   Detached




                                                                                                                                                       Mar 2010
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                                                                                                                                                       Nov 2009
                                                                                                                                                       Sep 2009
                                                   Residential




                                                                                                                                                       Jul 2009
                                                                                                                                                       May 2009
  C:DATAMonthEndHpiexporthi_resgv-hpi2.tif




                                                                                                                                                       Mar 2009
                                                                                                                                                       Jan 2009
                                                                                                                                                       Nov 2008
                                                                                                                                                       Sep 2008
                                                                                                                                                       Jul 2008
                                                                 Jan 2005 HPI = 100




                                                                                                                                                       May 2008
                                                                                                                                                       Mar 2008
                                                                                                                                                       Jan 2008
                                                                                                                                                  90
                                                                                      190

                                                                                            180

                                                                                                  170

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                                                                                                                    140

                                                                                                                          130

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                                                                                                                                            100




                                                                                                                Price Index
1               20      2013                                                                                        MLS® SALES Facts
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                                                                  Delta -
                                                                                  Islands
                            Detached       46         57           15               2                 62                         8                  52                  15                 5                       63         11            21                 56                  83                   38                      8                  542
                  Number
                    of      Attached       31         18            4               0                 10                         8                  16                  17                 5                       43          4            2                  27                  29                    3                     16                  233
   January         Sales    Apartment      78         37            4               0                 13                        41                  38                   9               14                        59          1            3                  57                 200                    6                     16                  576
    2013                    Detached    $937,500   $735,883       n/a             n/a              $480,982                     n/a              $906,000               n/a              n/a                    $868,000      n/a        $288,625           $810,250           $2,028,000           $1,816,500                n/a
                  Median
                  Selling   Attached    $467,900      n/a         n/a             n/a                 n/a                       n/a                 n/a                 n/a              n/a                    $515,000      n/a           n/a             $515,000           $875,000                 n/a                   n/a                  n/a
                   Price    Apartment   $360,450   $304,900       n/a             n/a                 n/a                  $295,000              $366,950               n/a              n/a                    $345,950      n/a           n/a             $327,000           $446,000                n/a                    n/a
                            Detached       38         51           10               5                 42                        10                  32                  22               10                        44         10            12                 54                  49                   29                      7                  425
                  Number
                    of      Attached       29         10            1               0                 16                         5                  24                  10               11                        40          5            1                  17                  30                    1                     13                  213
  December         Sales    Apartment      77         20            4               0                 16                        32                  34                  23               11                        54          3            2                  53                 156                    8                     11                  504
    2012                    Detached    $897,500   $686,000       n/a             n/a              $480,000                     n/a              $925,000            $532,500            n/a                $1,080,000        n/a           n/a             $808,500           $1,730,750           $2,033,000                n/a
                  Median
                  Selling   Attached    $457,000      n/a         n/a             n/a                 n/a                       n/a              $610,000               n/a              n/a                    $495,000      n/a           n/a                n/a             $837,000                 n/a                   n/a                  n/a
                   Price    Apartment   $333,500   $282,450       n/a             n/a                 n/a                  $314,500              $348,500            $219,500            n/a                    $318,000      n/a           n/a             $325,000           $468,000                n/a                    n/a
                            Detached       59         74           17               1                 53                        13                  57                  23               14                        89         13            22                 93                  86                   39                      6                  659
                  Number
                    of      Attached       40         22            3               1                 26                         7                  26                  14                 9                       52          2            2                  14                  26                    3                     14                  261
   January         Sales    Apartment      67         49            5               0                 25                        52                  48                  18               15                        72          1            2                  68                 211                   10                     14                  657
    2012                    Detached    $920,000   $727,900       n/a             n/a              $470,000                     n/a              $938,000            $522,000            n/a                    $978,888      n/a        $362,950           $851,000           $2,095,000           $2,071,080                n/a
                  Median
                  Selling   Attached    $470,000   $437,500       n/a             n/a              $301,500                     n/a              $714,500               n/a              n/a                    $508,500      n/a           n/a                n/a             $843,250                 n/a                   n/a                  n/a
                   Price    Apartment   $350,500   $291,000       n/a             n/a              $226,000                $292,700              $392,500               n/a              n/a                    $330,000      n/a           n/a             $333,000           $460,000                n/a                    n/a
                            Detached       46         57           15               2                 62                         8                  52                  15                 5                       63         11            21                 56                  83                   38                      8                  542
                  Number
                    of      Attached       31         18            4               0                 10                         8                  16                  17                 5                       43          4            2                  27                  29                    3                     16                  233
    Jan. -         Sales    Apartment      78         37            4               0                 13                        41                  38                   9               14                        59          1            3                  57                 200                    6                     16                  576
  Jan. 2013                 Detached    $937,500   $735,883       n/a             n/a              $480,982                     n/a              $906,000               n/a              n/a                    $868,000      n/a        $288,625           $810,250           $2,028,000           $1,816,500                n/a
                  Median
                  Selling   Attached    $467,900      n/a         n/a             n/a                 n/a                       n/a                 n/a                 n/a              n/a                    $515,000      n/a           n/a             $515,000           $875,000                 n/a                   n/a                  n/a
Year-to-date       Price    Apartment   $360,450   $304,900       n/a             n/a                 n/a                  $295,000              $366,950               n/a              n/a                    $345,950      n/a           n/a             $327,000           $446,000                n/a                    n/a
                            Detached       59         74           17               1                 53                        13                  57                  23               14                        89         13            22                 93                  86                   39                      6                  659
                  Number
                    of      Attached       40         22            3               1                 26                         7                  26                  14                 9                       52          2            2                  14                  26                    3                     14                  261
    Jan. -         Sales    Apartment      67         49            5               0                 25                        52                  48                  18               15                        72          1            2                  68                 211                   10                     14                  657
  Jan. 2012                 Detached    $920,000   $727,900       n/a             n/a              $470,000                     n/a              $938,000            $522,000            n/a                    $978,888      n/a        $362,950           $851,000           $2,095,000           $2,071,080                n/a
                  Median
                  Selling   Attached    $470,000   $437,500       n/a             n/a              $301,500                     n/a              $714,500               n/a              n/a                    $508,500      n/a           n/a                n/a             $843,250                 n/a                   n/a                  n/a
 Year-to-date      Price    Apartment   $350,500   $291,000       n/a             n/a              $226,000                $292,700              $392,500               n/a              n/a                    $330,000      n/a           n/a             $333,000           $460,000                n/a                    n/a


Note: Median Selling Prices are not reported for areas with less than 20 sales or for the Gulf Islands
1                20       2013                                                                    MLS® LISTINGS Facts
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                                                                Delta -
                                                                                Islands
                              Detached    188      164           83               8              203                         41              172                67                48                    355          37        104              187              330               155                     20                  2,162
                  Number
                     of       Attached    103      87            18               0               64                         9                53                50                42                    141          25        15                64              109                14                     17                  811
   January        Listings    Apartment   257      201           28               0               59                        133              141                61                50                    262          15         9               193              682                33                     31                  2,155
    2013                      Detached    24%      35%          18%             25%              31%                        20%              30%               22%               10%                    18%         30%        20%              30%              25%               25%                    40%
                 % Sales to
                              Attached    30%      21%          22%             n/a              16%                        89%              30%               34%               12%                    30%         16%        13%              42%              27%               21%                    94%                   n/a
                  Listings
                              Apartment   30%      18%          14%             n/a              22%                        31%              27%               15%               28%                    23%         7%         33%              30%              29%               18%                    52%
                              Detached     37      54            10               6               44                         7                29                11                 8                    82           10        37                62               96                40                     18                  551
                  Number
                     of       Attached     32      30             0               0               12                         9                6                 12                 4                    45           5          3                14               25                 5                     31                  233
  December        Listings    Apartment    64      40             6               0               29                         45               43                19                 9                    94           4          6                51              153                 7                     26                  596
    2012                      Detached    103%     94%          100%            83%              95%                        143%             110%              200%              125%                   54%         100%       32%              87%              51%               73%                    39%
                 % Sales to
                              Attached    91%      33%          n/a             n/a              133%                       56%              400%              83%               275%                   89%         100%       33%              121%             120%              20%                    42%                   n/a
                  Listings
                              Apartment   120%     50%          67%             n/a              55%                        71%              79%               121%              122%                   57%         75%        33%              104%             102%              114%                   42%
                              Detached    181      171           70               5              255                         38              144                39                46                    470          43        99               235              476               185                     33                  2,490
                  Number
                     of       Attached    120      81            13               1               56                         21               61                28                44                    195          18        11                44              126                13                     40                  872
   January        Listings    Apartment   307      135           36               0               58                        161              174                54                45                    348          32        15               175              775                39                     40                  2,394
    2012                      Detached    33%      43%          24%             20%              21%                        34%              40%               59%               30%                    19%         30%        22%              40%              18%               21%                    18%
                 % Sales to
                              Attached    33%      27%          23%             100%             46%                        33%              43%               50%               20%                    27%         11%        18%              32%              21%               23%                    35%                   n/a
                  Listings
                              Apartment   22%      36%          14%             n/a              43%                        32%              28%               33%               33%                    21%         3%         13%              39%              27%               26%                    35%
                              Detached    188      164           83               8              203                         41              172                67                48                    355          37        104              187              330               155                     20                  2,162
                  Number
                     of       Attached    103      87            18               0               64                         9                53                50                42                    141          25        15                64              109                14                     17                  811
    Jan. -        Listings    Apartment   257      201           28               0               59                        133              141                61                50                    262          15         9               193              682                33                     31                  2,155
  Jan. 2013                   Detached    24%      35%          18%             25%              31%                        20%              30%               22%               10%                    18%         30%        20%              30%              25%               25%                    40%
                 % Sales to
                              Attached    30%      21%          22%             n/a              16%                        89%              30%               34%               12%                    30%         16%        13%              42%              27%               21%                    94%                   n/a
                  Listings
 Year-to-date*                Apartment   30%      18%          14%             n/a              22%                        31%              27%               15%               28%                    23%         7%         33%              30%              29%               18%                    52%
                              Detached    181      171           70               5              255                         38              144                39                46                    470          43        99               235              476               185                     33                  2,490
                  Number
                     of       Attached    120      81            13               1               56                         21               61                28                44                    195          18        11                44              126                13                     40                  872
    Jan. -        Listings    Apartment   307      135           36               0               58                        161              174                54                45                    348          32        15               175              775                39                     40                  2,394
  Jan. 2012                   Detached    33%      43%          24%             20%              21%                        34%              40%               59%               30%                    19%         30%        22%              40%              18%               21%                    18%
                 % Sales to
                              Attached    33%      27%          23%             100%             46%                        33%              43%               50%               20%                    27%         11%        18%              32%              21%               23%                    35%                   n/a
                  Listings
 Year-to-date*                Apartment   22%      36%          14%             n/a              43%                        32%              28%               33%               33%                    21%         3%         13%              39%              27%               26%                    35%


* 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
                             Jan      Dec      Jan      Percentage     Jan   Dec     Jan   Percentage    Nov 2011 -   Nov 2012 -   Percentage
                            2012      2012    2013       Variance     2012   2012   2013    Variance     Jan 2012     Jan 2013      Variance


BURNABY                                                      %                                  %                                       %
DETACHED                     181        37     188         408.1        59     38     46       21.1          208          133         -36.1
ATTACHED                     120        32     103         221.9        40     29     31        6.9          162           94         -42.0
APARTMENTS                   307        64     257         301.6        67     77     78        1.3          291          257         -11.7

COQUITLAM
DETACHED                     171        54     164         203.7        74     51     57       11.8          247          168         -32.0
ATTACHED                      81        30      87         190.0        22     10     18       80.0           75           50         -33.3
APARTMENTS                   135        40     201         402.5        49     20     37       85.0          148           97         -34.5

DELTA
DETACHED                      70        10         83     730.0         17     10     15       50.0           61           49         -19.7
ATTACHED                      13         0         18    1800.0          3      1      4      300.0           15            9         -40.0
APARTMENTS                    36         6         28     366.7          5      4      4        0.0           22           21          -4.5

MAPLE RIDGE/PITT MEADOWS
DETACHED                     255        44     203         361.4        53     42     62       47.6          218          162         -25.7
ATTACHED                      56        12      64         433.3        26     16     10      -37.5           87           42         -51.7
APARTMENTS                    58        29      59         103.4        25     16     13      -18.8          100           61         -39.0

NORTH VANCOUVER
DETACHED                     144        29     172         493.1        57     32     52       62.5          186          144         -22.6
ATTACHED                      61         6      53         783.3        26     24     16      -33.3           88           65         -26.1
APARTMENTS                   174        43     141         227.9        48     34     38       11.8          190          131         -31.1

NEW WESTMINSTER
DETACHED                      38         7      41         485.7        13     10      8      -20.0           39           29         -25.6
ATTACHED                      21         9       9           0.0         7      5      8       60.0           22           28          27.3
APARTMENTS                   161        45     133         195.6        52     32     41       28.1          177          127         -28.2

PORT MOODY/BELCARRA
DETACHED                      46         8         48      500.0        14     10      5      -50.0           46           30         -34.8
ATTACHED                      44         4         42      950.0         9     11      5      -54.5           54           31         -42.6
APARTMENTS                    45         9         50      455.6        15     11     14       27.3           56           37         -33.9

PORT COQUITLAM
DETACHED                      39        11         67      509.1        23     22     15      -31.8           78           59         -24.4
ATTACHED                      28        12         50      316.7        14     10     17       70.0           47           43          -8.5
APARTMENTS                    54        19         61      221.1        18     23      9      -60.9           59           53         -10.2

RICHMOND
DETACHED                     470        82     355         332.9        89     44     63       43.2          252          183         -27.4
ATTACHED                     195        45     141         213.3        52     40     43        7.5          169          133         -21.3
APARTMENTS                   348        94     262         178.7        72     54     59        9.3          242          194         -19.8

SUNSHINE COAST
DETACHED                      99        37     104         181.1        22     12     21       75.0           79           63         -20.3
ATTACHED                      11         3      15         400.0         2      1      2      100.0            6            3         -50.0
APARTMENTS                    15         6       9          50.0         2      2      3       50.0            5            9          80.0

SQUAMISH
DETACHED                      43        10         37      270.0        13     10     11       10.0           45           34         -24.4
ATTACHED                      18         5         25      400.0         2      5      4      -20.0           15           21          40.0
APARTMENTS                    32         4         15      275.0         1      3      1      -66.7           10           11          10.0

VANCOUVER EAST
DETACHED                     235        62     187         201.6        93     54     56        3.7          300          201         -33.0
ATTACHED                      44        14      64         357.1        14     17     27       58.8           59           79          33.9
APARTMENTS                   175        51     193         278.4        68     53     57        7.5          220          179         -18.6

VANCOUVER WEST
DETACHED                     476        96     330         243.8        86     49     83       69.4          269          209         -22.3
ATTACHED                     126        25     109         336.0        26     30     29       -3.3          105           99          -5.7
APARTMENTS                   775       153     682         345.8       211    156    200       28.2          833          597         -28.3

WHISTLER
DETACHED                      33        18         20       11.1         6      7      8       14.3           31           25         -19.4
ATTACHED                      40        31         17      -45.2        14     13     16       23.1           43           49          14.0
APARTMENTS                    40        26         31       19.2        14     11     16       45.5           43           34         -20.9

WEST VANCOUVER/HOWE SOUND
DETACHED                     185        40     155         287.5        39     29     38       31.0          143           99         -30.8
ATTACHED                      13         5      14         180.0         3      1      3      200.0           11            7         -36.4
APARTMENTS                    39         7      33         371.4        10      8      6      -25.0           35           22         -37.1

GRAND TOTALS
DETACHED                    2485      545    2154        295.2        658    420    540      28.6        2202         1588          -27.9
ATTACHED                     871      233     811        248.1        260    213    233       9.4         958          753          -21.4
APARTMENTS                  2394      596    2155        261.6        657    504    576      14.3        2431         1830          -24.7
Residential Average Sale Prices - January 1977 to January 2013
                                                DETACHED                CONDOMINIUM                ATTACHED   APARTMENTS
  IN THOUSANDS ($)


1400


                                                                                                                           $1,152,851



1200




1000




800


                                                                                                                            $570,910


600




400
                                                                                                                            $441,667




200




  0



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

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Vancouver real estate stats package, january 2013

  • 1. News Release FOR IMMEDIATE RELEASE: January home sales remain quiet VANCOUVER, B.C. – February 4, 2013 – Home buyer demand remains below historical averages in the Greater Vancouver housing market. This has led some home sellers to remove their homes from the market in recent months. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 1,351 on the Multiple Listing Service® (MLS®) in January 2013. This represents a 14.3 per cent decrease compared to the 1,577 sales recorded in January 2012, and an 18.3 per cent increase compared to the 1,142 sales in December 2012. Last month’s sales were the second lowest January total in the region since 2001 and 18.7 per cent below the 10-year sales average for the month. “Home sale activity has been below historical averages in Greater Vancouver for about seven months. This has caused a gradual decline in home prices of about 6 per cent since reaching a peak last spring,” Klein said. Since reaching a peak in May of $625,100, the MLS® Home Price Index composite benchmark price for all residential properties in Greater Vancouver has declined 5.9 per cent to $588,100. This represents a 2.8 per cent decline compared to this time last year. “It appears many home sellers are opting to remove their homes from the market rather than settle for a price they don’t want,” Eugen Klein, REBGV president said. New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,128 in January. This represents a 10.9 per cent decline compared to the 5,756 new listings reported in January 2012. Last month’s new listing count was 18.9 per cent higher than the region’s 10-year new listing average for the month. The total number of properties currently listed for sale on the Greater Vancouver MLS® is 13,246, a 5.6 per cent increase compared to January 2012 and a 4.5 per cent decline compared to December 2012. This is the fourth consecutive month that overall home listings have declined in the region. “When a home seller isn’t receiving the kind of offers they want, there comes a point when they decide to either lower the price or remove the home from the market. Right now, it seems many home sellers are opting for the latter,” Klein said.
  • 2. With the sales-to-active-listings ratio at 10.2 per cent, the region remains in buyers’ market territory. Since June, this ratio has ranged between 8 and 11 per cent. Sales of detached properties in January 2013 reached 542, a decrease of 17.8 per cent from the 659 detached sales recorded in January 2012, and a 31.7 per cent decrease from the 793 units sold in January 2011. The benchmark price for detached properties decreased 3.1 per cent from January 2012 to $901,000. Since reaching a peak in May 2012, the benchmark price of a detached property has declined 6.9 per cent. Sales of apartment properties reached 576 in January 2013, a decline of 12.3 per cent compared to the 657 sales in January 2012, and a decrease of 19.2 per cent compared to the 713 sales in January 2011. The benchmark price of an apartment property decreased 2.9 per cent from January 2012 to $358,400. Since reaching a peak in May 2012, the benchmark price of an apartment property has declined 5.6 per cent. Attached property sales in January 2013 totalled 233, a decline of 10.7 per cent compared to the 261 sales in January 2012, and a 25.6 per cent decrease from the 313 attached properties sold in January 2011. The benchmark price of an attached unit decreased 1.7 per cent between January 2012 and 2013 to $449,900. Since reaching a peak in April 2012, the benchmark price of an attached property has declined 7.7 per cent. -30- The real estate industry is a key economic driver in British Columbia. In 2012, 25,032 homes changed ownership in the Board’s area generating $1.07 billion in economic spin-off activity and creating an estimated 7,125 jobs. The total dollar value of residential sales transacted throughout the MLS® system in Greater Vancouver totalled $18.6 billion in 2012. The Real Estate Board of Greater Vancouver is an association representing more than 11,000 REALTORS® and their companies. The Board 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.rebgv.org. For more information please contact: Craig Munn, Assistant Manager of Communications Real Estate Board of Greater Vancouver Phone: (604) 730-3146 cmunn@rebgv.org www.rebgv.org| Facebook|Twitter
  • 3. * January 2013 Benchmark Price 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Property Type Area Price Index Change % Change % Change % Change % Change % Change % Residential / Composite Lower Mainland $531,000 149.9 -0.3% -2.2% -4.0% -1.9% 4.0% 4.1% Greater Vancouver $588,100 154.2 -0.5% -2.6% -4.5% -2.8% 4.7% 6.2% Bowen Island $572,900 124.2 2.3% -2.3% -4.7% 1.8% -6.0% -8.9% Burnaby East $542,700 149.8 -1.5% -3.7% -4.8% -2.4% 1.7% 3.5% Burnaby North $503,900 150.5 0.1% -0.9% -3.4% -2.5% 3.2% 4.2% Burnaby South $550,800 155.3 -1.8% -3.7% -5.0% -2.8% 5.7% 8.7% Coquitlam $493,600 146.0 -0.8% -1.8% -2.7% 1.1% 3.3% 2.5% Ladner $521,600 145.1 1.1% -1.0% -5.2% -1.2% 4.1% 5.5% Maple Ridge $385,800 130.4 -1.4% -1.6% -1.2% -1.1% -2.6% -6.3% New Westminster $353,500 151.7 -0.3% -2.8% -4.5% -1.4% 2.8% 1.4% North Vancouver $628,000 142.1 0.6% -3.1% -4.1% -1.7% 2.5% 1.1% Pitt Meadows $380,800 137.9 -1.9% 0.3% 1.3% 1.5% -0.1% -2.9% Port Coquitlam $392,900 139.5 -0.6% -1.5% -1.9% -1.8% -2.4% -3.5% Port Moody $498,900 137.8 -0.6% -2.4% -2.5% 2.7% 0.1% -2.4% Richmond $558,900 162.3 -0.4% -2.5% -4.5% -5.2% 5.8% 12.9% Squamish $389,600 125.8 0.5% -0.9% -4.0% 1.9% 1.0% -5.6% Sunshine Coast $355,100 124.4 4.3% -2.7% -2.7% -1.3% -6.4% -9.5% Tsawwassen $580,900 146.4 -0.8% -2.7% -5.7% 1.3% 6.3% 4.9% Vancouver East $593,000 173.5 -1.2% -2.5% -4.2% 0.3% 10.9% 15.5% Vancouver West $777,200 163.8 -0.4% -1.8% -4.9% -4.4% 6.4% 8.8% West Vancouver $1,539,700 165.3 2.4% -0.5% -4.4% 1.4% 17.7% 12.6% Whistler $446,200 106.3 -2.5% -3.7% -8.4% -3.9% -7.2% -19.5% Single Family Detached Lower Mainland $740,700 157.4 -0.1% -2.2% -4.1% -1.6% 10.4% 11.8% Greater Vancouver $901,000 166.5 -0.4% -2.9% -5.2% -3.1% 12.7% 16.4% Bowen Island $572,900 124.2 2.3% -2.3% -4.7% 1.7% -6.0% -8.9% Burnaby East $705,200 157.7 -1.2% -5.0% -6.8% -3.2% 6.4% 11.5% Burnaby North $893,800 172.5 -0.2% -2.4% -3.7% -2.1% 15.8% 19.4% Burnaby South $921,800 176.7 -3.1% -6.8% -7.7% -2.3% 20.2% 25.8% Coquitlam $696,000 154.2 -0.7% -1.7% -3.3% 2.4% 9.2% 10.5% Ladner $606,300 146.3 1.9% -0.1% -5.0% -0.7% 5.3% 7.3% Maple Ridge $459,900 130.7 -0.8% -1.5% -0.8% -0.4% -1.4% -4.0% New Westminster $634,900 157.5 -0.8% -3.7% -6.1% -4.0% 6.9% 11.9% North Vancouver $917,900 146.5 1.0% -2.9% -4.7% -2.5% 6.5% 5.2% Pitt Meadows $496,700 138.6 -0.6% -1.3% -0.8% -1.8% -0.9% 0.3% Port Coquitlam $545,900 145.8 -1.0% -1.9% -2.8% 0.3% 3.4% 4.6% Port Moody $809,600 150.0 -0.8% -5.1% -5.0% 2.3% 7.2% 6.2% Richmond $933,100 187.9 -0.5% -3.3% -4.8% -6.3% 17.4% 29.4% Squamish $485,000 131.0 0.3% -2.0% -3.5% -4.1% 2.7% -1.5% Sunshine Coast $353,900 124.0 4.4% -2.9% -2.7% -1.4% -6.6% -9.8% Tsawwassen $696,200 149.9 -1.4% -3.7% -5.7% 1.4% 9.4% 7.1% Vancouver East $819,200 180.9 -1.2% -2.7% -5.1% -0.5% 18.2% 25.7% Vancouver West $1,995,300 205.0 -0.4% -3.2% -8.1% -7.5% 20.9% 29.0% West Vancouver $1,814,900 172.8 2.1% -0.5% -5.0% 1.4% 21.6% 17.7% Whistler $879,900 121.8 -1.1% 4.2% 5.0% 3.0% 2.2% -10.2% 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 10
  • 4. * January 2013 Benchmark Price 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Property Type Area Price Index Change % Change % Change % Change % Change % Change % Townhouse Lower Mainland $384,600 139.6 -0.4% -1.4% -3.7% -2.0% 0.2% -0.5% Greater Vancouver $449,900 146.0 -0.2% -1.7% -4.0% -1.7% 2.0% 3.5% Burnaby East $399,800 143.4 -1.7% -3.8% -5.2% -2.6% -0.6% 1.8% Burnaby North $387,000 144.3 1.1% -0.2% -3.2% -6.7% 1.2% 1.3% Burnaby South $405,800 145.6 -1.0% -1.5% -2.7% -3.6% 1.9% 5.0% Coquitlam $379,800 139.5 -1.8% -2.1% -0.8% 1.7% 0.2% -0.1% Ladner $425,500 141.0 -1.1% -5.5% -3.8% -5.2% 0.0% -0.1% Maple Ridge $268,900 130.6 0.5% -1.0% -3.3% -2.3% -4.7% -8.4% New Westminster $375,100 140.9 -1.6% -5.8% -5.6% -1.1% 2.0% 0.9% North Vancouver $562,400 134.6 -0.7% -2.8% -5.9% -4.5% -1.5% -1.3% Pitt Meadows $314,500 136.1 -2.7% -2.4% -2.2% 1.0% -1.6% -3.6% Port Coquitlam $364,900 138.9 -1.2% -1.6% -2.1% -1.5% -2.7% -2.8% Port Moody $410,400 138.7 0.4% -0.2% -0.4% 3.5% 0.5% -2.4% Richmond $482,900 156.1 -1.1% -2.6% -4.6% -3.7% 4.7% 11.7% Squamish $350,500 127.2 4.4% 3.8% -1.2% 16.0% 2.3% -2.2% Tsawwassen $434,400 134.3 -1.5% -6.1% -5.8% -5.9% -4.3% -4.9% Vancouver East $515,400 169.9 0.5% 2.3% -2.3% 3.2% 10.0% 11.9% Vancouver West $677,300 153.2 2.1% -0.1% -4.7% 1.3% 5.4% 7.8% Whistler $462,200 124.5 2.6% 5.6% -0.2% 15.0% 14.4% -2.6% Apartment Lower Mainland $329,200 144.4 -0.6% -2.6% -4.0% -2.3% -2.5% -3.8% Greater Vancouver $358,400 144.9 -0.8% -2.8% -4.2% -2.9% -2.2% -2.6% Burnaby East $368,600 139.9 -2.6% 0.6% 0.7% 2.3% -8.4% -11.9% Burnaby North $327,900 138.6 0.0% -0.3% -2.9% -0.7% -4.3% -4.7% Burnaby South $364,400 146.3 -1.3% -2.5% -3.8% -2.7% -1.3% 0.3% Coquitlam $246,700 135.8 -0.9% -1.8% -2.4% -1.5% -4.7% -8.6% Ladner $305,900 145.0 1.0% 0.7% -7.2% -1.6% 4.2% 4.5% Maple Ridge $178,200 129.9 -6.7% -2.6% 0.7% -2.0% -3.8% -13.6% New Westminster $264,000 150.9 0.1% -2.1% -3.8% -0.5% 1.3% -1.7% North Vancouver $340,800 138.4 0.5% -3.6% -2.7% 0.2% -1.2% -3.5% Pitt Meadows $234,200 138.4 -2.9% 5.2% 8.5% 8.0% 3.0% -7.9% Port Coquitlam $221,100 131.1 0.4% -0.9% -0.5% -4.9% -10.0% -14.2% Port Moody $307,400 128.1 -1.4% -1.7% -2.0% 1.8% -5.7% -8.6% Richmond $334,700 141.9 0.2% -1.6% -4.3% -5.2% -5.8% -2.3% Squamish $227,200 109.3 -5.2% -6.1% -10.4% 1.2% -8.2% -19.8% Tsawwassen $328,500 138.2 1.2% 1.1% -5.9% -0.1% -0.6% -0.4% Vancouver East $299,400 165.2 -1.3% -2.9% -3.7% 1.2% 2.2% 3.8% Vancouver West $460,000 148.9 -0.8% -1.4% -3.4% -3.3% -0.5% 0.1% West Vancouver $608,700 133.0 4.4% -0.4% -0.9% 0.9% -0.8% -9.3% Whistler $194,900 70.0 -13.5% -18.8% -22.3% -19.3% -38.9% -47.5% 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 Real Estate Board of Greater Vancouver & 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 10
  • 5. Jan 2013 Nov 2012 Sep 2012 Jul 2012 May 2012 Mar 2012 Jan 2012 Nov 2011 Apartment Sep 2011 Jul 2011 May 2011 Mar 2011 Jan 2011 Townhouse Greater Vancouver Nov 2010 5 Year Trend Sep 2010 Jul 2010 May 2010 Detached Mar 2010 Jan 2010 Nov 2009 Sep 2009 Residential Jul 2009 May 2009 C:DATAMonthEndHpiexporthi_resgv-hpi2.tif Mar 2009 Jan 2009 Nov 2008 Sep 2008 Jul 2008 Jan 2005 HPI = 100 May 2008 Mar 2008 Jan 2008 90 190 180 170 160 150 140 130 120 110 100 Price Index
  • 6. 1 20 2013 MLS® SALES Facts Sound dows owe er itt Mea st elcarra est m ast ast berton uver ouver/H January y - Gulf ish estmin lam Ridge/P oody/B ond ine Co South oquitla uver E uver W Vanco er/Pem 2013 t Vanc Burnab Vanco Vanco Wes Coquit Maple New W North Port C Port M Richm Squam Sunsh Whistl Delta - Islands Detached 46 57 15 2 62 8 52 15 5 63 11 21 56 83 38 8 542 Number of Attached 31 18 4 0 10 8 16 17 5 43 4 2 27 29 3 16 233 January Sales Apartment 78 37 4 0 13 41 38 9 14 59 1 3 57 200 6 16 576 2013 Detached $937,500 $735,883 n/a n/a $480,982 n/a $906,000 n/a n/a $868,000 n/a $288,625 $810,250 $2,028,000 $1,816,500 n/a Median Selling Attached $467,900 n/a n/a n/a n/a n/a n/a n/a n/a $515,000 n/a n/a $515,000 $875,000 n/a n/a n/a Price Apartment $360,450 $304,900 n/a n/a n/a $295,000 $366,950 n/a n/a $345,950 n/a n/a $327,000 $446,000 n/a n/a Detached 38 51 10 5 42 10 32 22 10 44 10 12 54 49 29 7 425 Number of Attached 29 10 1 0 16 5 24 10 11 40 5 1 17 30 1 13 213 December Sales Apartment 77 20 4 0 16 32 34 23 11 54 3 2 53 156 8 11 504 2012 Detached $897,500 $686,000 n/a n/a $480,000 n/a $925,000 $532,500 n/a $1,080,000 n/a n/a $808,500 $1,730,750 $2,033,000 n/a Median Selling Attached $457,000 n/a n/a n/a n/a n/a $610,000 n/a n/a $495,000 n/a n/a n/a $837,000 n/a n/a n/a Price Apartment $333,500 $282,450 n/a n/a n/a $314,500 $348,500 $219,500 n/a $318,000 n/a n/a $325,000 $468,000 n/a n/a Detached 59 74 17 1 53 13 57 23 14 89 13 22 93 86 39 6 659 Number of Attached 40 22 3 1 26 7 26 14 9 52 2 2 14 26 3 14 261 January Sales Apartment 67 49 5 0 25 52 48 18 15 72 1 2 68 211 10 14 657 2012 Detached $920,000 $727,900 n/a n/a $470,000 n/a $938,000 $522,000 n/a $978,888 n/a $362,950 $851,000 $2,095,000 $2,071,080 n/a Median Selling Attached $470,000 $437,500 n/a n/a $301,500 n/a $714,500 n/a n/a $508,500 n/a n/a n/a $843,250 n/a n/a n/a Price Apartment $350,500 $291,000 n/a n/a $226,000 $292,700 $392,500 n/a n/a $330,000 n/a n/a $333,000 $460,000 n/a n/a Detached 46 57 15 2 62 8 52 15 5 63 11 21 56 83 38 8 542 Number of Attached 31 18 4 0 10 8 16 17 5 43 4 2 27 29 3 16 233 Jan. - Sales Apartment 78 37 4 0 13 41 38 9 14 59 1 3 57 200 6 16 576 Jan. 2013 Detached $937,500 $735,883 n/a n/a $480,982 n/a $906,000 n/a n/a $868,000 n/a $288,625 $810,250 $2,028,000 $1,816,500 n/a Median Selling Attached $467,900 n/a n/a n/a n/a n/a n/a n/a n/a $515,000 n/a n/a $515,000 $875,000 n/a n/a n/a Year-to-date Price Apartment $360,450 $304,900 n/a n/a n/a $295,000 $366,950 n/a n/a $345,950 n/a n/a $327,000 $446,000 n/a n/a Detached 59 74 17 1 53 13 57 23 14 89 13 22 93 86 39 6 659 Number of Attached 40 22 3 1 26 7 26 14 9 52 2 2 14 26 3 14 261 Jan. - Sales Apartment 67 49 5 0 25 52 48 18 15 72 1 2 68 211 10 14 657 Jan. 2012 Detached $920,000 $727,900 n/a n/a $470,000 n/a $938,000 $522,000 n/a $978,888 n/a $362,950 $851,000 $2,095,000 $2,071,080 n/a Median Selling Attached $470,000 $437,500 n/a n/a $301,500 n/a $714,500 n/a n/a $508,500 n/a n/a n/a $843,250 n/a n/a n/a Year-to-date Price Apartment $350,500 $291,000 n/a n/a $226,000 $292,700 $392,500 n/a n/a $330,000 n/a n/a $333,000 $460,000 n/a n/a Note: Median Selling Prices are not reported for areas with less than 20 sales or for the Gulf Islands
  • 7. 1 20 2013 MLS® LISTINGS Facts Sound dows owe er itt Mea st elcarra est m ast ast berton uver ouver/H January y - Gulf ish estmin lam Ridge/P oody/B ond ine Co South oquitla uver E uver W Vanco er/Pem 2013 t Vanc Burnab Coquit Maple North Port C Port M Richm Squam Sunsh Vanco Vanco Wes New W Whistl Delta - Islands Detached 188 164 83 8 203 41 172 67 48 355 37 104 187 330 155 20 2,162 Number of Attached 103 87 18 0 64 9 53 50 42 141 25 15 64 109 14 17 811 January Listings Apartment 257 201 28 0 59 133 141 61 50 262 15 9 193 682 33 31 2,155 2013 Detached 24% 35% 18% 25% 31% 20% 30% 22% 10% 18% 30% 20% 30% 25% 25% 40% % Sales to Attached 30% 21% 22% n/a 16% 89% 30% 34% 12% 30% 16% 13% 42% 27% 21% 94% n/a Listings Apartment 30% 18% 14% n/a 22% 31% 27% 15% 28% 23% 7% 33% 30% 29% 18% 52% Detached 37 54 10 6 44 7 29 11 8 82 10 37 62 96 40 18 551 Number of Attached 32 30 0 0 12 9 6 12 4 45 5 3 14 25 5 31 233 December Listings Apartment 64 40 6 0 29 45 43 19 9 94 4 6 51 153 7 26 596 2012 Detached 103% 94% 100% 83% 95% 143% 110% 200% 125% 54% 100% 32% 87% 51% 73% 39% % Sales to Attached 91% 33% n/a n/a 133% 56% 400% 83% 275% 89% 100% 33% 121% 120% 20% 42% n/a Listings Apartment 120% 50% 67% n/a 55% 71% 79% 121% 122% 57% 75% 33% 104% 102% 114% 42% Detached 181 171 70 5 255 38 144 39 46 470 43 99 235 476 185 33 2,490 Number of Attached 120 81 13 1 56 21 61 28 44 195 18 11 44 126 13 40 872 January Listings Apartment 307 135 36 0 58 161 174 54 45 348 32 15 175 775 39 40 2,394 2012 Detached 33% 43% 24% 20% 21% 34% 40% 59% 30% 19% 30% 22% 40% 18% 21% 18% % Sales to Attached 33% 27% 23% 100% 46% 33% 43% 50% 20% 27% 11% 18% 32% 21% 23% 35% n/a Listings Apartment 22% 36% 14% n/a 43% 32% 28% 33% 33% 21% 3% 13% 39% 27% 26% 35% Detached 188 164 83 8 203 41 172 67 48 355 37 104 187 330 155 20 2,162 Number of Attached 103 87 18 0 64 9 53 50 42 141 25 15 64 109 14 17 811 Jan. - Listings Apartment 257 201 28 0 59 133 141 61 50 262 15 9 193 682 33 31 2,155 Jan. 2013 Detached 24% 35% 18% 25% 31% 20% 30% 22% 10% 18% 30% 20% 30% 25% 25% 40% % Sales to Attached 30% 21% 22% n/a 16% 89% 30% 34% 12% 30% 16% 13% 42% 27% 21% 94% n/a Listings Year-to-date* Apartment 30% 18% 14% n/a 22% 31% 27% 15% 28% 23% 7% 33% 30% 29% 18% 52% Detached 181 171 70 5 255 38 144 39 46 470 43 99 235 476 185 33 2,490 Number of Attached 120 81 13 1 56 21 61 28 44 195 18 11 44 126 13 40 872 Jan. - Listings Apartment 307 135 36 0 58 161 174 54 45 348 32 15 175 775 39 40 2,394 Jan. 2012 Detached 33% 43% 24% 20% 21% 34% 40% 59% 30% 19% 30% 22% 40% 18% 21% 18% % Sales to Attached 33% 27% 23% 100% 46% 33% 43% 50% 20% 27% 11% 18% 32% 21% 23% 35% n/a Listings Year-to-date* Apartment 22% 36% 14% n/a 43% 32% 28% 33% 33% 21% 3% 13% 39% 27% 26% 35% * Year-to-date listings represent a cumulative total of listings rather than total active listings.
  • 8. Listing & Sales Activity Summary Listings Sales 1 2 3 Col. 2 & 3 5 6 7 Col. 6 & 7 9 10 Col. 9 & 10 Jan Dec Jan Percentage Jan Dec Jan Percentage Nov 2011 - Nov 2012 - Percentage 2012 2012 2013 Variance 2012 2012 2013 Variance Jan 2012 Jan 2013 Variance BURNABY % % % DETACHED 181 37 188 408.1 59 38 46 21.1 208 133 -36.1 ATTACHED 120 32 103 221.9 40 29 31 6.9 162 94 -42.0 APARTMENTS 307 64 257 301.6 67 77 78 1.3 291 257 -11.7 COQUITLAM DETACHED 171 54 164 203.7 74 51 57 11.8 247 168 -32.0 ATTACHED 81 30 87 190.0 22 10 18 80.0 75 50 -33.3 APARTMENTS 135 40 201 402.5 49 20 37 85.0 148 97 -34.5 DELTA DETACHED 70 10 83 730.0 17 10 15 50.0 61 49 -19.7 ATTACHED 13 0 18 1800.0 3 1 4 300.0 15 9 -40.0 APARTMENTS 36 6 28 366.7 5 4 4 0.0 22 21 -4.5 MAPLE RIDGE/PITT MEADOWS DETACHED 255 44 203 361.4 53 42 62 47.6 218 162 -25.7 ATTACHED 56 12 64 433.3 26 16 10 -37.5 87 42 -51.7 APARTMENTS 58 29 59 103.4 25 16 13 -18.8 100 61 -39.0 NORTH VANCOUVER DETACHED 144 29 172 493.1 57 32 52 62.5 186 144 -22.6 ATTACHED 61 6 53 783.3 26 24 16 -33.3 88 65 -26.1 APARTMENTS 174 43 141 227.9 48 34 38 11.8 190 131 -31.1 NEW WESTMINSTER DETACHED 38 7 41 485.7 13 10 8 -20.0 39 29 -25.6 ATTACHED 21 9 9 0.0 7 5 8 60.0 22 28 27.3 APARTMENTS 161 45 133 195.6 52 32 41 28.1 177 127 -28.2 PORT MOODY/BELCARRA DETACHED 46 8 48 500.0 14 10 5 -50.0 46 30 -34.8 ATTACHED 44 4 42 950.0 9 11 5 -54.5 54 31 -42.6 APARTMENTS 45 9 50 455.6 15 11 14 27.3 56 37 -33.9 PORT COQUITLAM DETACHED 39 11 67 509.1 23 22 15 -31.8 78 59 -24.4 ATTACHED 28 12 50 316.7 14 10 17 70.0 47 43 -8.5 APARTMENTS 54 19 61 221.1 18 23 9 -60.9 59 53 -10.2 RICHMOND DETACHED 470 82 355 332.9 89 44 63 43.2 252 183 -27.4 ATTACHED 195 45 141 213.3 52 40 43 7.5 169 133 -21.3 APARTMENTS 348 94 262 178.7 72 54 59 9.3 242 194 -19.8 SUNSHINE COAST DETACHED 99 37 104 181.1 22 12 21 75.0 79 63 -20.3 ATTACHED 11 3 15 400.0 2 1 2 100.0 6 3 -50.0 APARTMENTS 15 6 9 50.0 2 2 3 50.0 5 9 80.0 SQUAMISH DETACHED 43 10 37 270.0 13 10 11 10.0 45 34 -24.4 ATTACHED 18 5 25 400.0 2 5 4 -20.0 15 21 40.0 APARTMENTS 32 4 15 275.0 1 3 1 -66.7 10 11 10.0 VANCOUVER EAST DETACHED 235 62 187 201.6 93 54 56 3.7 300 201 -33.0 ATTACHED 44 14 64 357.1 14 17 27 58.8 59 79 33.9 APARTMENTS 175 51 193 278.4 68 53 57 7.5 220 179 -18.6 VANCOUVER WEST DETACHED 476 96 330 243.8 86 49 83 69.4 269 209 -22.3 ATTACHED 126 25 109 336.0 26 30 29 -3.3 105 99 -5.7 APARTMENTS 775 153 682 345.8 211 156 200 28.2 833 597 -28.3 WHISTLER DETACHED 33 18 20 11.1 6 7 8 14.3 31 25 -19.4 ATTACHED 40 31 17 -45.2 14 13 16 23.1 43 49 14.0 APARTMENTS 40 26 31 19.2 14 11 16 45.5 43 34 -20.9 WEST VANCOUVER/HOWE SOUND DETACHED 185 40 155 287.5 39 29 38 31.0 143 99 -30.8 ATTACHED 13 5 14 180.0 3 1 3 200.0 11 7 -36.4 APARTMENTS 39 7 33 371.4 10 8 6 -25.0 35 22 -37.1 GRAND TOTALS DETACHED 2485 545 2154 295.2 658 420 540 28.6 2202 1588 -27.9 ATTACHED 871 233 811 248.1 260 213 233 9.4 958 753 -21.4 APARTMENTS 2394 596 2155 261.6 657 504 576 14.3 2431 1830 -24.7
  • 9. Residential Average Sale Prices - January 1977 to January 2013 DETACHED CONDOMINIUM ATTACHED APARTMENTS IN THOUSANDS ($) 1400 $1,152,851 1200 1000 800 $570,910 600 400 $441,667 200 0 NOTE: From 1977 - 1984 condominium averages were not separated into attached & apartment.