June 2019 Vancouver Market Update


There were 2,099 home sales in the month of June in Vancouver. This is the lowest number of sales in June since 2000. It's also down 21% from last month and down 35% from the 10 year June average.


There were 4,751 new listings in June which brought the total number of listings on the market up to 14,968.

The sales to active ratio across all property types in Vancouver was 14% which equates to a balanced market.


The benchmark price for all property types was $998,000. This is the first time this number has been below $1,000,000 since May 2017.


If we break down the benchmark price for each property type this is what we see:


Single Family - $1,423,500 Down 10.3%
Condos - $654,000 Down 8.9%
Townhomes - $774,700 Down 8.6%


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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), 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 REBGV, 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 REBGV, the FVREB or the CADREB.