Demand Remains Elevated across the Metro Vancouver Housing Market
Metro Vancouver homes continue to sell at an unprecedented rate in communities across the region.
Residential property sales on the region's Multiple Listing Service® (MLS®) totalled 4,769 in May 2016, a +17.6% from the 4,056 sales recorded in May 2015 and -0.3% compared to April 2016 when 4,781 homes sold.
Last month’s sales were 35.3% above the 10-year sales average for the month and rank as the highest sales total on record for May.
"Home sellers are becoming more active in recent months, although that activity is being outpaced by home buyer demand today," Dan Morrison, REBGV president said.