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News Release
FOR IMMEDIATE RELEASE

Conditions continue to favour buyers in the Greater Vancouver
housing market
VANCOUVER, B.C. – October 2, 2012 – The summer of 2012 drew to a close in September with home sale
activity well below historical averages in the Greater Vancouver housing market.
  The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, at-
tached and apartment properties reached 1,516 in September, a 32.5 per cent decline compared to the 2,246 sales
in September 2011 and an 8.1 per cent decline compared to the 1,649 sales in August 2012.
  September sales were 41.6 per cent below the 10-year September sales average of 2,597.
   “There’s been a clear reduction in buyer demand in the three months since the federal government eliminated
the availability of a 30-year amortization on government-insured mortgages,” Eugen Klein, REBGV president
said. “This makes homes less affordable for the people of the region.”
  New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,321 in September.
This represents a 6.3 per cent decline compared to September 2011 when 5,680 properties were listed for sale on
the MLS® and a 31.6 per cent increase compared to the 4,044 new listings in August 2012.
  At 18,350, the total number of residential property listings on the MLS® increased 14.1 per cent from this time
last year and increased 4.5 per cent compared to August 2012.
  “Today, our sales-to-active-listings ratio sits at 8 per cent, which puts us in a buyer’s market. This ratio has been
declining in our market since March when it was 19 per cent,” Klein said.
  The MLS HPI® composite benchmark price for all residential properties in Greater Vancouver is $606,100.
This represents a decline of 0.8 per cent compared to this time last year and a decline of 2.3 per cent over last
three months.
  “Prices in the region remain relatively stable overall, although we do see some reductions in the areas that have
had some of the largest price increases over the last year or two,” Klein said.
  Sales of detached properties on the MLS® in September 2012 reached 594, a decrease of 37.9 per cent from the
957 detached sales recorded in September 2011, and a 31.4 per cent decrease from the 866 units sold in Septem-
ber 2010. The benchmark price for detached properties decreased 0.5 per cent from September 2011 to $935,600.
  Sales of apartment properties reached 676 in September 2012, a 26.7 per cent decrease compared to the 922
sales in September 2011, and a decrease of 30.4 per cent compared to the 971 sales in September 2010. The
benchmark price of an apartment property decreased 0.7 per cent from September 2011 to $368,600.
  Attached property sales in September 2012 totalled 246, a 33 per cent decrease compared to the 367 sales in
September 2011, and a 35.8 per cent decrease from the 383 attached properties sold in September 2010. The
benchmark price of an attached unit decreased 2.7 per cent between September 2011 and 2012 to $458,600.

                                                                           -30-

    The real estate industry is a key economic driver in British Columbia. In 2011, 32,390 homes changed ownership in the Board’s area, generating
    $1.36 billion in spin-off activity and 9,069 jobs. The total dollar value of residential sales transacted through the MLS® system in Greater Vancou-
    ver totalled $25 billion in 2011. The Real Estate Board of Greater Vancouver is an association representing 11,000 REALTORS® and their com-
    panies. 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, Communications
Real Estate Board of Greater Vancouver
Phone: (604) 730-3146 Fax: (604) 730-3102
E-mail: cmunn@rebgv.org                                                                              also available at  www.realtylink.org
*                           September 2012


                                                                                         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                             $545,900                 154.1               -0.5%               -1.8%   -1.0%   -0.1%   11.2%    8.8%
                                                 Greater Vancouver                          $606,100                 158.9               -0.6%               -2.3%   -1.8%   -0.8%   12.6%   11.9%
                                                 Bowen Island                               $592,200                 128.4               -0.6%               -5.2%   -2.1%   -1.9%   -2.0%   -6.8%
                                                 Burnaby East                               $564,400                 155.8                0.5%               -1.3%   -0.8%    2.1%   11.5%   10.6%
                                                 Burnaby North                              $509,500                 152.2               -0.5%               -3.5%   -2.1%   -2.3%    9.2%    8.4%
                                                 Burnaby South                              $575,700                 162.3                0.6%               -1.4%   -0.4%   -0.8%   15.4%   15.1%
                                                 Coquitlam                                  $507,500                 150.1                0.4%               -0.8%    1.4%   2.2%    11.7%    7.6%
                                                 Ladner                                     $537,800                 149.6               -2.0%               -2.5%   -2.0%   -1.6%   11.0%   10.3%
                                                 Maple Ridge                                $392,000                 132.5                0.5%               0.0%    -0.1%   -0.5%    2.6%   -3.7%
                                                 New Westminster                            $366,500                 157.3               -0.1%               -1.5%   -0.5%   -0.9%   10.0%    7.4%
                                                 North Vancouver                            $656,700                 148.6                0.3%               -0.5%    0.9%   4.5%    10.8%    8.0%
                                                 Pitt Meadows                               $379,400                 137.4                0.8%               0.5%    -0.1%   -0.4%    2.8%   -2.3%
                                                 Port Coquitlam                             $398,500                 141.5                0.6%               -1.5%   -1.8%   -1.1%    3.4%   -0.1%
                                                 Port Moody                                 $512,000                 141.4               -0.4%               -0.2%    2.9%    3.3%    6.6%    1.9%
                                                 Richmond                                   $569,200                 165.3               -1.4%               -3.4%   -4.6%   -3.6%   14.2%   17.9%
                                                 Squamish                                   $409,100                 132.1                0.7%               1.1%    5.2%    5.0%     4.0%    2.4%
                                                 Sunshine Coast                             $366,500                 128.4                0.1%               -1.4%    0.5%   -3.5%   -1.7%   -6.4%
                                                 Tsawwassen                                 $600,800                 151.4               -1.0%               -2.5%   -0.9%   -0.3%   11.9%    9.2%
                                                 Vancouver East                             $609,400                 178.3               -0.7%               -2.0%   -0.1%    2.0%   19.0%   21.6%
                                                 Vancouver West                             $792,900                 167.1               -1.2%               -3.6%   -3.9%   -3.1%   13.1%   14.2%
                                                 West Vancouver                            $1,568,600                168.4               -2.0%               -4.6%   -2.3%    3.0%   27.9%   16.5%
                                                 Whistler                                   $593,700                 163.7                0.9%               -0.1%    3.5%   2.2%    29.0%   26.9%
   Single Family Detached                        Lower Mainland                             $763,300                 162.2               -0.6%               -1.9%   -0.9%    0.6%   19.4%   16.9%
                                                 Greater Vancouver                          $935,600                 172.9               -0.7%               -2.7%   -2.0%   -0.5%   23.8%   23.4%
                                                 Bowen Island                               $592,200                 128.4               -0.6%               -5.2%   -2.1%   -1.9%   -2.0%   -6.8%
                                                 Burnaby East                               $751,300                 168.0               -0.4%               -1.2%   -0.8%    4.5%   20.4%   21.0%
                                                 Burnaby North                              $910,900                 175.8               -0.3%               -4.0%   -0.8%    0.2%   24.2%   26.2%
                                                 Burnaby South                             $1,003,700                192.4               -0.2%               -1.0%    3.3%    4.2%   37.8%   37.8%
                                                 Coquitlam                                  $713,600                 158.1               -0.2%               -1.2%    2.3%    3.6%   17.9%   15.2%
                                                 Ladner                                     $622,500                 150.2               -2.3%               -2.8%   -3.0%   -0.9%   13.4%   12.1%
                                                 Maple Ridge                                $468,700                 133.2                1.2%               0.5%    1.1%    1.1%     5.0%   -0.5%
                                                 New Westminster                            $672,000                 166.7               -0.2%               -1.6%   -1.2%    1.8%   19.8%   20.4%
                                                 North Vancouver                            $961,200                 153.4                0.5%               -1.7%    0.3%    5.2%   15.9%   12.9%
                                                 Pitt Meadows                               $501,700                 140.0                1.2%               0.1%    -0.8%    1.6%    4.9%    3.2%
                                                 Port Coquitlam                             $556,000                 148.5               -0.7%               -1.6%    0.9%    1.4%   10.5%    8.7%
                                                 Port Moody                                 $851,100                 157.7                0.4%               0.9%    4.7%    5.3%    18.3%   13.7%
                                                 Richmond                                   $962,900                 193.9               -1.3%               -3.6%   -6.0%   -4.2%   30.7%   36.7%
                                                 Squamish                                   $508,300                 137.3                1.1%               1.1%    2.9%    4.1%     6.8%    5.7%
                                                 Sunshine Coast                             $365,400                 128.0                0.2%               -1.2%    0.5%   -3.8%   -1.9%   -6.6%
                                                 Tsawwassen                                 $724,000                 155.9               -0.6%               -2.3%   -0.8%    1.6%   16.8%   13.0%
                                                 Vancouver East                             $850,000                 187.7               -1.1%               -1.7%    0.5%    3.2%   29.4%   33.6%
                                                 Vancouver West                            $2,088,700                214.6               -1.3%               -5.2%   -6.3%   -6.5%   37.2%   39.7%
                                                 West Vancouver                            $1,847,400                175.9               -2.5%               -5.1%   -2.9%    4.0%   32.4%   21.9%
                                                 Whistler                                   $848,200                 126.0                0.8%               2.9%    2.5%    -5.3%   -2.2%   -3.1%
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
*                           September 2012


                                                                                         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                             $392,600                 142.5               -0.8%               -1.9%   -1.5%   -2.5%    5.7%    3.3%
                                                 Greater Vancouver                          $458,600                 148.8               -0.8%               -2.1%   -1.6%   -2.7%    8.3%    7.7%
                                                 Burnaby East                               $419,900                 150.6               0.0%                -0.5%   0.1%     1.8%    9.8%    9.0%
                                                 Burnaby North                              $393,700                 146.8               -0.8%               -1.8%   -3.8%   -8.0%    6.2%    3.8%
                                                 Burnaby South                              $417,800                 149.9               0.3%                -1.3%   0.5%    -2.3%    8.4%    9.3%
                                                 Coquitlam                                  $383,300                 140.8               0.2%                0.1%    1.0%    -1.6%    6.2%    2.5%
                                                 Ladner                                     $449,400                 148.9               0.0%                -0.5%   0.1%    -2.2%    7.7%    8.6%
                                                 Maple Ridge                                $272,400                 132.3               -0.6%               -1.2%   -1.0%   -4.4%    0.2%   -7.2%
                                                 New Westminster                            $394,800                 148.3               1.4%                -1.6%   -0.6%    0.1%    9.9%    8.6%
                                                 North Vancouver                            $576,200                 137.9               -2.3%               -3.3%   -4.8%   -0.1%    3.8%    4.5%
                                                 Pitt Meadows                               $327,700                 141.8               1.9%                1.7%    3.2%    -1.3%    7.6%    0.3%
                                                 Port Coquitlam                             $367,000                 139.7               0.7%                -1.6%   -3.9%   -1.5%    2.5%   -1.1%
                                                 Port Moody                                 $411,900                 139.2               0.9%                0.3%    2.4%    -0.9%    4.3%   -0.8%
                                                 Richmond                                   $496,500                 160.5               -1.2%               -1.5%   -1.2%   -4.0%   14.4%   18.2%
                                                 Squamish                                   $353,800                 128.4               -0.2%                1.5%   5.0%     2.1%    0.4%    3.1%
                                                 Tsawwassen                                 $457,000                 141.3               -0.4%               -3.2%   -2.2%   -9.2%    2.2%    3.1%
                                                 Vancouver East                             $505,000                 166.5               -1.4%               -3.2%   -3.0%   -1.5%   10.8%   11.4%
                                                 Vancouver West                             $672,400                 152.1               -2.4%               -5.7%   -2.8%   -1.3%    9.1%   11.1%
                                                 Whistler                                   $462,400                 141.3               0.3%                -1.2%   1.3%     2.5%   10.5%   13.5%
              Apartment                          Lower Mainland                             $338,500                 148.5               -0.4%               -1.6%   -1.1%    0.0%    3.3%     1.0%
                                                 Greater Vancouver                          $368,600                 149.0               -0.4%               -2.0%   -1.6%   -0.7%    3.8%     2.5%
                                                 Burnaby East                               $353,000                 134.0               3.4%                -3.7%   -2.9%   -3.0%   -9.4%   -10.8%
                                                 Burnaby North                              $328,900                 139.0               -0.4%               -3.5%   -2.0%   -2.0%    0.3%    -1.6%
                                                 Burnaby South                              $371,800                 149.3               1.2%                -2.0%   -3.2%   -4.5%    5.0%     4.3%
                                                 Coquitlam                                  $257,200                 141.6               1.6%                -0.4%    0.0%    1.9%    4.4%    -1.9%
                                                 Ladner                                     $312,700                 148.2               -2.8%               -3.7%   -0.5%   -2.9%    6.1%     5.2%
                                                 Maple Ridge                                $179,100                 130.6               -1.3%                0.2%   -3.5%   -2.1%   -3.9%   -12.9%
                                                 New Westminster                            $271,000                 154.9               -0.3%               -1.5%   -0.3%   -2.1%    6.7%     3.3%
                                                 North Vancouver                            $358,800                 145.7               0.9%                1.9%     3.8%    4.7%    6.9%     3.5%
                                                 Pitt Meadows                               $219,500                 129.7               -0.8%                0.5%   -1.1%   -1.0%   -4.6%   -13.5%
                                                 Port Coquitlam                             $225,000                 133.4               2.3%                -1.3%   -3.9%   -4.4%   -4.8%   -10.5%
                                                 Port Moody                                 $314,600                 131.1               -2.2%               -1.4%    1.6%    4.5%   -0.4%    -4.4%
                                                 Richmond                                   $334,700                 141.9               -1.7%               -4.4%   -5.3%   -2.5%   -2.0%     0.0%
                                                 Squamish                                   $259,200                 124.7               1.1%                0.2%    12.7%   15.2%    1.2%    -5.8%
                                                 Tsawwassen                                 $333,000                 140.1               -2.6%               -3.2%   -0.9%   -3.8%    0.3%    -0.6%
                                                 Vancouver East                             $305,600                 168.6               -0.5%               -2.5%   -0.7%    1.4%    7.7%     8.8%
                                                 Vancouver West                             $465,600                 150.7               -1.1%               -2.4%   -2.5%   -1.2%    3.3%     3.9%
                                                 West Vancouver                             $624,800                 136.5               1.9%                -1.4%    1.9%   -2.0%    7.4%    -6.2%
                                                 Whistler                                   $241,400                 221.5               -2.4%               -5.3%   -1.5%   -4.7%   79.8%   67.3%




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
Sep 2012
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                                                                                                                                                       May 2012
                                                                                                                                                       Mar 2012
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                                                                                                                                                       Nov 2011
                                                                                                                                                       Sep 2011
                                                                                                                                                       Jul 2011
                                                   Apartment




                                                                                                                                                       May 2011
                                                                                                                                                       Mar 2011
                                                                                                                                                       Jan 2011
                                                                                                                                                       Nov 2010
                                                                                                                                                       Sep 2010
                                                   Townhouse
Greater Vancouver




                                                                                                                                                       Jul 2010
   5 Year Trend




                                                                                                                                                       May 2010
                                                                                                                                                       Mar 2010
                                                                                                                                                       Jan 2010
                                                   Detached




                                                                                                                                                       Nov 2009
                                                                                                                                                       Sep 2009
                                                                                                                                                       Jul 2009
                                                                                                                                                       May 2009
                                                   Residential




                                                                                                                                                       Mar 2009
                                                                                                                                                       Jan 2009
  C:DATAMonthEndHpiexporthi_resgv-hpi2.tif




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




                                                                                                                                                       Jan 2008
                                                                                                                                                       Nov 2007
                                                                                                                                                       Sep 2007
                                                                                                                                                  90
                                                                                      190

                                                                                            180

                                                                                                  170

                                                                                                        160

                                                                                                              150

                                                                                                                    140

                                                                                                                          130

                                                                                                                                120

                                                                                                                                      110

                                                                                                                                            100




                                                                                                                Price Index
9               19      2012                                                                                              MLS® SALES Facts
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                                                                      Delta -
                                                                                        Islands
                            Detached        38          67             29                 1                 68                        12                   44                  21                  10                       54            10           30                 74                  86                   43                        7                   594
                  Number
                    of      Attached        37          23              1                 0                 13                         6                   13                  10                   9                       46            8            1                  19                  35                    2                       23                   246
 September         Sales    Apartment       99          53             11                 0                 18                        41                   43                  10                  11                       73            1            7                  71                 212                   12                       14                   676
   2012                     Detached    $875,500     $692,500       $635,000             n/a             $483,000                     n/a              $975,000             $538,500               n/a                   $924,400         n/a       $418,000           $862,500           $2,035,000           $1,838,000                   n/a
                  Median
                  Selling   Attached    $436,500     $442,900          n/a               n/a                n/a                       n/a                  n/a                 n/a                 n/a                   $531,500         n/a          n/a                n/a             $669,000                 n/a                   $525,000                n/a
                   Price    Apartment   $365,000     $288,500          n/a               n/a                n/a                  $278,000              $371,400                n/a                 n/a                   $315,500         n/a          n/a             $347,250           $490,875                 n/a                      n/a
                            Detached        42          58             38                 2                 71                        17                   51                  27                  12                       60            11           47                 79                  75                   24                       10                   624
                  Number
                    of      Attached        45          23              5                 0                 30                         9                   14                  17                  17                       54            8            3                  15                  40                    4                       16                   300
   August          Sales    Apartment       87          41             11                 0                 27                        58                   48                  18                  21                       65            3            4                  75                 247                    6                       14                   725
    2012                    Detached    $934,500     $719,000       $689,500             n/a             $456,000                     n/a              $1,060,000           $568,500               n/a                   $937,500         n/a       $410,000           $867,500           $2,030,000           $1,958,000                   n/a
                  Median
                  Selling   Attached    $435,000     $455,000          n/a               n/a             $277,500                     n/a                  n/a                 n/a                 n/a                   $533,750         n/a          n/a                n/a             $916,250                 n/a                      n/a                  n/a
                   Price    Apartment   $360,900     $279,000          n/a               n/a             $233,600                $308,250              $360,000                n/a              $342,000                 $341,000         n/a          n/a             $310,000           $495,500                 n/a                      n/a
                            Detached        74         106             32                 6                 77                        29                   79                  35                  15                      109            17           46                141                 104                   71                       16                   957
                  Number
                    of      Attached        49          17              7                 0                 30                         9                   35                  24                  14                       63            6            6                  32                  52                    3                       20                   367
 September         Sales    Apartment      137          55             10                 0                 22                        68                   48                  25                  22                      104            1            6                  82                 317                   11                       14                   922
   2011                     Detached    $1,006,500   $690,000       $676,000             n/a             $488,000                $635,000              $950,000             $536,000               n/a               $1,025,000           n/a       $377,500           $885,000           $2,012,500           $1,830,000                   n/a
                  Median
                  Selling   Attached    $495,000        n/a            n/a               n/a             $305,771                     n/a              $649,000             $407,000               n/a                   $559,000         n/a          n/a             $600,000           $900,000                 n/a                   $550,000                n/a
                   Price    Apartment   $350,000     $270,500          n/a               n/a             $215,975                $312,500              $367,500             $237,000            $329,000                 $348,500         n/a          n/a             $340,000           $474,000                 n/a                      n/a
                            Detached       675         888            361                27                860                        221                 750                 314                 156                      777           144          382               1,029               1,013                 497                       81                  8,175
                  Number
                    of      Attached       546         322             55                 1                306                        99                  233                 178                 160                      581            76           32                289                 417                   58                      177                  3,530
    Jan. -         Sales    Apartment     1,133        553             97                 0                227                        613                 612                 230                 182                      881            32           43                956                2,756                 131                      122                  8,568
  Sep. 2012                 Detached    $925,000     $736,450       $683,388          $407,000           $481,000                $680,000              $1,010,000           $545,000            $780,000                 $975,000      $497,500     $400,000           $875,000           $2,060,000           $1,865,000                $960,000
                  Median
                  Selling   Attached    $470,000     $464,700       $440,000             n/a             $292,250                $425,000              $644,000             $390,000            $441,000                 $528,500      $352,000     $287,500           $628,000           $865,000             $1,154,400                $550,000                n/a
Year-to-date       Price    Apartment   $366,000     $285,000       $336,388             n/a             $216,000                $307,500              $373,500             $242,400            $334,000                 $339,450      $254,500     $247,000           $347,500           $480,500             $710,000                  $227,500
                            Detached      1,040       1,081           513                26                898                        274                 970                 363                 184                     1,438          140          362               1,486               1,683                 969                       82                  11,509
                  Number
                    of      Attached       678         440             69                 1                388                        110                 299                 185                 175                      833            71           37                329                 609                   48                      121                  4,393
    Jan. -         Sales    Apartment     1,481        558            119                 0                220                        694                 667                 229                 217                     1,278           30           45                905                3,472                 171                       67                  10,153
  Sep. 2011                 Detached    $898,000     $708,000       $657,000          $620,500           $485,000                $620,000              $920,500             $539,450            $828,100                 $995,250      $485,000     $394,000           $820,000           $2,060,000           $1,780,000                $837,500
                  Median
                  Selling   Attached    $491,000     $450,000       $447,000             n/a             $309,900                $415,700              $630,000             $385,000            $419,000                 $546,000      $355,000     $272,500           $600,000           $865,000             $1,107,000                $575,000                n/a
 Year-to-date      Price    Apartment   $355,850     $288,000       $334,000             n/a             $214,410                $301,000              $365,000             $239,900            $335,000                 $353,000      $230,500     $305,000           $344,400           $488,000             $735,000                  $242,000


Note: Median Selling Prices are not reported for areas with less than 20 sales or for the Gulf Islands
9                19       2012                                                                      MLS® LISTINGS Facts
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                                                                                                                                                                                                                                                                                               t Vanc




                                          Burnab
                                                    Coquit
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                                                                                                                                                                   Port C
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                                                                 Delta -
                                                                                 Islands
                              Detached    208      221            70               8              205                          50               222                72                38                     248          32          86               250               324                193                      26                  2,253
                  Number
                     of       Attached    115       58            20               0               48                          26                92                52                38                     152          18          10                79               134                 24                      30                   896
 September        Listings    Apartment   292      156            24               0               45                         140               191                48                66                     206          12          10               213               686                 40                      43                  2,172
   2012                       Detached    18%      30%           41%             13%              33%                         24%               20%                29%               26%                    22%          31%        35%               30%               27%                22%                     27%
                 % Sales to
                              Attached    32%      40%           5%              n/a              27%                         23%               14%                19%               24%                    30%          44%        10%               24%               26%                 8%                     77%                   n/a
                  Listings
                              Apartment   34%      34%           46%             n/a              40%                         29%               23%                21%               17%                    35%          8%         70%               33%               31%                30%                     33%
                              Detached    155      145            62              11              179                          30               119                58                35                     234          32          97               200               221                109                      37                  1,724
                  Number
                     of       Attached     87       57             9               1               76                          16                33                21                29                     133          16          18                45                86                 10                      37                   674
    August        Listings    Apartment   261      113            21               0               45                         111                99                30                29                     206          11           9               144               517                 23                      27                  1,646
     2012                     Detached    27%      40%           61%             18%              40%                         57%               43%                47%               34%                    26%          34%        48%               40%               34%                22%                     27%
                 % Sales to
                              Attached    52%      40%           56%             0%               39%                         56%               42%                81%               59%                    41%          50%        17%               33%               47%                40%                     43%                   n/a
                  Listings
                              Apartment   33%      36%           52%             n/a              60%                         52%               48%                60%               72%                    32%          27%        44%               52%               48%                26%                     52%
                              Detached    214      207            73              12              207                          40               204                73                47                     339          35          82               277               386                189                      21                  2,406
                  Number
                     of       Attached    141       80            16               0               51                          20                69                37                36                     149           8           3                83               130                 12                      40                   875
 September        Listings    Apartment   279      144            27               0               42                         141               196                74                68                     299          21          31               227               785                 34                      31                  2,399
   2011                       Detached    35%      51%           44%             50%              37%                         73%               39%                48%               32%                    32%          49%        56%               51%               27%                38%                     76%
                 % Sales to
                              Attached    35%      21%           44%             n/a              59%                         45%               51%                65%               39%                    42%          75%        200%              39%               40%                25%                     50%                   n/a
                  Listings
                              Apartment   49%      38%           37%             n/a              52%                         48%               24%                34%               32%                    35%          5%         19%               36%               40%                32%                     45%
                              Detached    1,873    1,817         696             121              1,962                       414               1,628              634               392                    2,903        392        1,077             2,348             3,117              1,456                   285                  21,115
                  Number
                     of       Attached    1,194    641           106               2              617                         211               550                331               331                    1,418        195         97               620               1,115              146                     326                  7,900
    Jan. -        Listings    Apartment   2,892    1,349         222               0              528                         1,377             1,506              514               467                    2,435        166        108               1,931             6,767              323                     318                  20,903
  Sep. 2012                   Detached    36%      49%           52%             22%              44%                         53%               46%                50%               40%                    27%          37%        35%               44%               32%                34%                     28%
                 % Sales to
                              Attached    46%      50%           52%             50%              50%                         47%               42%                54%               48%                    41%          39%        33%               47%               37%                40%                     54%                   n/a
                  Listings
 Year-to-date*                Apartment   39%      41%           44%             n/a              43%                         45%               41%                45%               39%                    36%          19%        40%               50%               41%                41%                     38%
                              Detached    1,766    1,842         772             138              1,877                       405               1,577              600               393                    3,232        383        1,034             2,473             3,040              1,698                   260                  21,490
                  Number
                     of       Attached    1,188    712           114               0              639                         179               509                317               353                    1,625        167         78               561               1,131               96                     378                  8,047
    Jan. -        Listings    Apartment   2,648    1,230         208              10              522                         1,298             1,434              585               517                    2,631        202        159               1,748             6,957              322                     316                  20,787
  Sep. 2011                   Detached    59%      59%           66%             19%              48%                         68%               62%                61%               47%                    44%          37%        35%               60%               55%                57%                     32%
                 % Sales to
                              Attached    57%      62%           61%             n/a              61%                         61%               59%                58%               50%                    51%          43%        47%               59%               54%                50%                     32%                   n/a
                  Listings
 Year-to-date*                Apartment   56%      45%           57%             0%               42%                         53%               47%                39%               42%                    49%          15%        28%               52%               50%                53%                     21%


* 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
                            Sep       Aug     Sep       Percentage    Sep    Aug    Sep    Percentage     Jul 2011 -    Jul 2012 -   Percentage
                            2011      2012    2012       Variance     2011   2012   2012    Variance     Sep 2011      Sep 2012       Variance


BURNABY                                                      %                                  %                                         %
DETACHED                     214       155     208          34.2        74     42     38       -9.5          265           138          -47.9
ATTACHED                     141        87     115          32.2        49     45     37      -17.8          187           152          -18.7
APARTMENTS                   279       261     292          11.9       137     87     99       13.8          471           317          -32.7

COQUITLAM
DETACHED                     207       145     221          52.4       106     58     67       15.5          318           192          -39.6
ATTACHED                      80        57      58           1.8        17     23     23        0.0          109            74          -32.1
APARTMENTS                   144       113     156          38.1        55     41     53       29.3          168           152           -9.5

DELTA
DETACHED                      73        62         70       12.9        32     38     29      -23.7          130             98         -24.6
ATTACHED                      16         9         20      122.2         7      5      1      -80.0           24             11         -54.2
APARTMENTS                    27        21         24       14.3        10     11     11        0.0           37             30         -18.9

MAPLE RIDGE/PITT MEADOWS
DETACHED                     207       179     205          14.5        77     71     68       -4.2          294           247          -16.0
ATTACHED                      51        76      48         -36.8        30     30     13      -56.7          103            78          -24.3
APARTMENTS                    42        45      45           0.0        22     27     18      -33.3           67            78           16.4

NORTH VANCOUVER
DETACHED                     204       119     222          86.6        79     51     44      -13.7          244           155          -36.5
ATTACHED                      69        33      92         178.8        35     14     13       -7.1           75            53          -29.3
APARTMENTS                   196        99     191          92.9        48     48     43      -10.4          188           146          -22.3

NEW WESTMINSTER
DETACHED                      40        30      50          66.7        29     17     12      -29.4           80            52          -35.0
ATTACHED                      20        16      26          62.5         9      9      6      -33.3           28            29            3.6
APARTMENTS                   141       111     140          26.1        68     58     41      -29.3          203           173          -14.8

PORT MOODY/BELCARRA
DETACHED                      47        35         38        8.6        15     12     10      -16.7            47            37         -21.3
ATTACHED                      36        29         38       31.0        14     17      9      -47.1            46            36         -21.7
APARTMENTS                    68        29         66      127.6        22     21     11      -47.6            59            49         -16.9

PORT COQUITLAM
DETACHED                      73        58         72       24.1        35     27     21      -22.2          101             92          -8.9
ATTACHED                      37        21         52      147.6        24     17     10      -41.2           56             48         -14.3
APARTMENTS                    74        30         48       60.0        25     18     10      -44.4           69             52         -24.6

RICHMOND
DETACHED                     339       234     248           6.0       109     60     54      -10.0          327           174          -46.8
ATTACHED                     149       133     152          14.3        63     54     46      -14.8          220           155          -29.5
APARTMENTS                   299       206     206           0.0       104     65     73       12.3          335           239          -28.7

SUNSHINE COAST
DETACHED                      82        97         86      -11.3        46     47     30      -36.2          133           124           -6.8
ATTACHED                       3        18         10      -44.4         6      3      1      -66.7            8             6          -25.0
APARTMENTS                    31         9         10       11.1         6      4      7       75.0           15            18           20.0

SQUAMISH
DETACHED                      35        32         32        0.0        17     11     10       -9.1            47            42         -10.6
ATTACHED                       8        16         18       12.5         6      8      8        0.0            18            29          61.1
APARTMENTS                    21        11         12        9.1         1      3      1      -66.7             5            10         100.0

VANCOUVER EAST
DETACHED                     277       200     250          25.0       141     79     74       -6.3          433           262          -39.5
ATTACHED                      83        45      79          75.6        32     15     19       26.7           95            58          -38.9
APARTMENTS                   227       144     213          47.9        82     75     71       -5.3          241           250            3.7

VANCOUVER WEST
DETACHED                     386       221     324          46.6       104     75     86       14.7          373           244          -34.6
ATTACHED                     130        86     134          55.8        52     40     35      -12.5          171           121          -29.2
APARTMENTS                   785       517     686          32.7       317    247    212      -14.2          995           735          -26.1

WHISTLER
DETACHED                      21        37         26      -29.7        16     10      7      -30.0            37            29         -21.6
ATTACHED                      40        37         30      -18.9        20     16     23       43.8            52            72          38.5
APARTMENTS                    31        27         43       59.3        14     14     14        0.0            21            44         109.5

WEST VANCOUVER/HOWE SOUND
DETACHED                     189       109     193          77.1        71     24     43       79.2          237           113          -52.3
ATTACHED                      12        10      24         140.0         3      4      2      -50.0           10             8          -20.0
APARTMENTS                    34        23      40          73.9        11      6     12      100.0           43            35          -18.6

GRAND TOTALS
DETACHED                    2394     1713    2245         31.1        951    622    593      -4.7         3066          1999          -34.8
ATTACHED                     875      673     896         33.1        367    300    246     -18.0         1202           930          -22.6
APARTMENTS                  2399     1646    2172         32.0        922    725    676      -6.8         2917          2328          -20.2
Residential Average Sale Prices - January 1977 to September 2012
                                                 DETACHED                  CONDOMINIUM                   ATTACHED                 APARTMENTS
  IN THOUSANDS ($)


1400


                                                                                                                                                                             $1,119,166


1200




1000




800



                                                                                                                                                                               $531,311

600




400
                                                                                                                                                                               $445,429




200




  0
       1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012


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

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September 2012 Vancouver Real Estate stats package.

  • 1. News Release FOR IMMEDIATE RELEASE Conditions continue to favour buyers in the Greater Vancouver housing market VANCOUVER, B.C. – October 2, 2012 – The summer of 2012 drew to a close in September with home sale activity well below historical averages in the Greater Vancouver housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, at- tached and apartment properties reached 1,516 in September, a 32.5 per cent decline compared to the 2,246 sales in September 2011 and an 8.1 per cent decline compared to the 1,649 sales in August 2012. September sales were 41.6 per cent below the 10-year September sales average of 2,597. “There’s been a clear reduction in buyer demand in the three months since the federal government eliminated the availability of a 30-year amortization on government-insured mortgages,” Eugen Klein, REBGV president said. “This makes homes less affordable for the people of the region.” New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,321 in September. This represents a 6.3 per cent decline compared to September 2011 when 5,680 properties were listed for sale on the MLS® and a 31.6 per cent increase compared to the 4,044 new listings in August 2012. At 18,350, the total number of residential property listings on the MLS® increased 14.1 per cent from this time last year and increased 4.5 per cent compared to August 2012. “Today, our sales-to-active-listings ratio sits at 8 per cent, which puts us in a buyer’s market. This ratio has been declining in our market since March when it was 19 per cent,” Klein said. The MLS HPI® composite benchmark price for all residential properties in Greater Vancouver is $606,100. This represents a decline of 0.8 per cent compared to this time last year and a decline of 2.3 per cent over last three months. “Prices in the region remain relatively stable overall, although we do see some reductions in the areas that have had some of the largest price increases over the last year or two,” Klein said. Sales of detached properties on the MLS® in September 2012 reached 594, a decrease of 37.9 per cent from the 957 detached sales recorded in September 2011, and a 31.4 per cent decrease from the 866 units sold in Septem- ber 2010. The benchmark price for detached properties decreased 0.5 per cent from September 2011 to $935,600. Sales of apartment properties reached 676 in September 2012, a 26.7 per cent decrease compared to the 922 sales in September 2011, and a decrease of 30.4 per cent compared to the 971 sales in September 2010. The benchmark price of an apartment property decreased 0.7 per cent from September 2011 to $368,600. Attached property sales in September 2012 totalled 246, a 33 per cent decrease compared to the 367 sales in September 2011, and a 35.8 per cent decrease from the 383 attached properties sold in September 2010. The benchmark price of an attached unit decreased 2.7 per cent between September 2011 and 2012 to $458,600. -30- The real estate industry is a key economic driver in British Columbia. In 2011, 32,390 homes changed ownership in the Board’s area, generating $1.36 billion in spin-off activity and 9,069 jobs. The total dollar value of residential sales transacted through the MLS® system in Greater Vancou- ver totalled $25 billion in 2011. The Real Estate Board of Greater Vancouver is an association representing 11,000 REALTORS® and their com- panies. 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, Communications Real Estate Board of Greater Vancouver Phone: (604) 730-3146 Fax: (604) 730-3102 E-mail: cmunn@rebgv.org also available at  www.realtylink.org
  • 2. * September 2012 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 $545,900 154.1 -0.5% -1.8% -1.0% -0.1% 11.2% 8.8% Greater Vancouver $606,100 158.9 -0.6% -2.3% -1.8% -0.8% 12.6% 11.9% Bowen Island $592,200 128.4 -0.6% -5.2% -2.1% -1.9% -2.0% -6.8% Burnaby East $564,400 155.8 0.5% -1.3% -0.8% 2.1% 11.5% 10.6% Burnaby North $509,500 152.2 -0.5% -3.5% -2.1% -2.3% 9.2% 8.4% Burnaby South $575,700 162.3 0.6% -1.4% -0.4% -0.8% 15.4% 15.1% Coquitlam $507,500 150.1 0.4% -0.8% 1.4% 2.2% 11.7% 7.6% Ladner $537,800 149.6 -2.0% -2.5% -2.0% -1.6% 11.0% 10.3% Maple Ridge $392,000 132.5 0.5% 0.0% -0.1% -0.5% 2.6% -3.7% New Westminster $366,500 157.3 -0.1% -1.5% -0.5% -0.9% 10.0% 7.4% North Vancouver $656,700 148.6 0.3% -0.5% 0.9% 4.5% 10.8% 8.0% Pitt Meadows $379,400 137.4 0.8% 0.5% -0.1% -0.4% 2.8% -2.3% Port Coquitlam $398,500 141.5 0.6% -1.5% -1.8% -1.1% 3.4% -0.1% Port Moody $512,000 141.4 -0.4% -0.2% 2.9% 3.3% 6.6% 1.9% Richmond $569,200 165.3 -1.4% -3.4% -4.6% -3.6% 14.2% 17.9% Squamish $409,100 132.1 0.7% 1.1% 5.2% 5.0% 4.0% 2.4% Sunshine Coast $366,500 128.4 0.1% -1.4% 0.5% -3.5% -1.7% -6.4% Tsawwassen $600,800 151.4 -1.0% -2.5% -0.9% -0.3% 11.9% 9.2% Vancouver East $609,400 178.3 -0.7% -2.0% -0.1% 2.0% 19.0% 21.6% Vancouver West $792,900 167.1 -1.2% -3.6% -3.9% -3.1% 13.1% 14.2% West Vancouver $1,568,600 168.4 -2.0% -4.6% -2.3% 3.0% 27.9% 16.5% Whistler $593,700 163.7 0.9% -0.1% 3.5% 2.2% 29.0% 26.9% Single Family Detached Lower Mainland $763,300 162.2 -0.6% -1.9% -0.9% 0.6% 19.4% 16.9% Greater Vancouver $935,600 172.9 -0.7% -2.7% -2.0% -0.5% 23.8% 23.4% Bowen Island $592,200 128.4 -0.6% -5.2% -2.1% -1.9% -2.0% -6.8% Burnaby East $751,300 168.0 -0.4% -1.2% -0.8% 4.5% 20.4% 21.0% Burnaby North $910,900 175.8 -0.3% -4.0% -0.8% 0.2% 24.2% 26.2% Burnaby South $1,003,700 192.4 -0.2% -1.0% 3.3% 4.2% 37.8% 37.8% Coquitlam $713,600 158.1 -0.2% -1.2% 2.3% 3.6% 17.9% 15.2% Ladner $622,500 150.2 -2.3% -2.8% -3.0% -0.9% 13.4% 12.1% Maple Ridge $468,700 133.2 1.2% 0.5% 1.1% 1.1% 5.0% -0.5% New Westminster $672,000 166.7 -0.2% -1.6% -1.2% 1.8% 19.8% 20.4% North Vancouver $961,200 153.4 0.5% -1.7% 0.3% 5.2% 15.9% 12.9% Pitt Meadows $501,700 140.0 1.2% 0.1% -0.8% 1.6% 4.9% 3.2% Port Coquitlam $556,000 148.5 -0.7% -1.6% 0.9% 1.4% 10.5% 8.7% Port Moody $851,100 157.7 0.4% 0.9% 4.7% 5.3% 18.3% 13.7% Richmond $962,900 193.9 -1.3% -3.6% -6.0% -4.2% 30.7% 36.7% Squamish $508,300 137.3 1.1% 1.1% 2.9% 4.1% 6.8% 5.7% Sunshine Coast $365,400 128.0 0.2% -1.2% 0.5% -3.8% -1.9% -6.6% Tsawwassen $724,000 155.9 -0.6% -2.3% -0.8% 1.6% 16.8% 13.0% Vancouver East $850,000 187.7 -1.1% -1.7% 0.5% 3.2% 29.4% 33.6% Vancouver West $2,088,700 214.6 -1.3% -5.2% -6.3% -6.5% 37.2% 39.7% West Vancouver $1,847,400 175.9 -2.5% -5.1% -2.9% 4.0% 32.4% 21.9% Whistler $848,200 126.0 0.8% 2.9% 2.5% -5.3% -2.2% -3.1% 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
  • 3. * September 2012 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 $392,600 142.5 -0.8% -1.9% -1.5% -2.5% 5.7% 3.3% Greater Vancouver $458,600 148.8 -0.8% -2.1% -1.6% -2.7% 8.3% 7.7% Burnaby East $419,900 150.6 0.0% -0.5% 0.1% 1.8% 9.8% 9.0% Burnaby North $393,700 146.8 -0.8% -1.8% -3.8% -8.0% 6.2% 3.8% Burnaby South $417,800 149.9 0.3% -1.3% 0.5% -2.3% 8.4% 9.3% Coquitlam $383,300 140.8 0.2% 0.1% 1.0% -1.6% 6.2% 2.5% Ladner $449,400 148.9 0.0% -0.5% 0.1% -2.2% 7.7% 8.6% Maple Ridge $272,400 132.3 -0.6% -1.2% -1.0% -4.4% 0.2% -7.2% New Westminster $394,800 148.3 1.4% -1.6% -0.6% 0.1% 9.9% 8.6% North Vancouver $576,200 137.9 -2.3% -3.3% -4.8% -0.1% 3.8% 4.5% Pitt Meadows $327,700 141.8 1.9% 1.7% 3.2% -1.3% 7.6% 0.3% Port Coquitlam $367,000 139.7 0.7% -1.6% -3.9% -1.5% 2.5% -1.1% Port Moody $411,900 139.2 0.9% 0.3% 2.4% -0.9% 4.3% -0.8% Richmond $496,500 160.5 -1.2% -1.5% -1.2% -4.0% 14.4% 18.2% Squamish $353,800 128.4 -0.2% 1.5% 5.0% 2.1% 0.4% 3.1% Tsawwassen $457,000 141.3 -0.4% -3.2% -2.2% -9.2% 2.2% 3.1% Vancouver East $505,000 166.5 -1.4% -3.2% -3.0% -1.5% 10.8% 11.4% Vancouver West $672,400 152.1 -2.4% -5.7% -2.8% -1.3% 9.1% 11.1% Whistler $462,400 141.3 0.3% -1.2% 1.3% 2.5% 10.5% 13.5% Apartment Lower Mainland $338,500 148.5 -0.4% -1.6% -1.1% 0.0% 3.3% 1.0% Greater Vancouver $368,600 149.0 -0.4% -2.0% -1.6% -0.7% 3.8% 2.5% Burnaby East $353,000 134.0 3.4% -3.7% -2.9% -3.0% -9.4% -10.8% Burnaby North $328,900 139.0 -0.4% -3.5% -2.0% -2.0% 0.3% -1.6% Burnaby South $371,800 149.3 1.2% -2.0% -3.2% -4.5% 5.0% 4.3% Coquitlam $257,200 141.6 1.6% -0.4% 0.0% 1.9% 4.4% -1.9% Ladner $312,700 148.2 -2.8% -3.7% -0.5% -2.9% 6.1% 5.2% Maple Ridge $179,100 130.6 -1.3% 0.2% -3.5% -2.1% -3.9% -12.9% New Westminster $271,000 154.9 -0.3% -1.5% -0.3% -2.1% 6.7% 3.3% North Vancouver $358,800 145.7 0.9% 1.9% 3.8% 4.7% 6.9% 3.5% Pitt Meadows $219,500 129.7 -0.8% 0.5% -1.1% -1.0% -4.6% -13.5% Port Coquitlam $225,000 133.4 2.3% -1.3% -3.9% -4.4% -4.8% -10.5% Port Moody $314,600 131.1 -2.2% -1.4% 1.6% 4.5% -0.4% -4.4% Richmond $334,700 141.9 -1.7% -4.4% -5.3% -2.5% -2.0% 0.0% Squamish $259,200 124.7 1.1% 0.2% 12.7% 15.2% 1.2% -5.8% Tsawwassen $333,000 140.1 -2.6% -3.2% -0.9% -3.8% 0.3% -0.6% Vancouver East $305,600 168.6 -0.5% -2.5% -0.7% 1.4% 7.7% 8.8% Vancouver West $465,600 150.7 -1.1% -2.4% -2.5% -1.2% 3.3% 3.9% West Vancouver $624,800 136.5 1.9% -1.4% 1.9% -2.0% 7.4% -6.2% Whistler $241,400 221.5 -2.4% -5.3% -1.5% -4.7% 79.8% 67.3% 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
  • 4. Sep 2012 Jul 2012 May 2012 Mar 2012 Jan 2012 Nov 2011 Sep 2011 Jul 2011 Apartment May 2011 Mar 2011 Jan 2011 Nov 2010 Sep 2010 Townhouse Greater Vancouver Jul 2010 5 Year Trend May 2010 Mar 2010 Jan 2010 Detached Nov 2009 Sep 2009 Jul 2009 May 2009 Residential Mar 2009 Jan 2009 C:DATAMonthEndHpiexporthi_resgv-hpi2.tif Nov 2008 Sep 2008 Jul 2008 May 2008 Mar 2008 Jan 2005 HPI = 100 Jan 2008 Nov 2007 Sep 2007 90 190 180 170 160 150 140 130 120 110 100 Price Index
  • 5. 9 19 2012 MLS® SALES Facts Sound dows owe er itt Mea st elcarra est m ast ast berton uver ouver/H September y - Gulf ish estmin lam Ridge/P oody/B ond ine Co South oquitla uver E uver W Vanco er/Pem 2012 t Vanc Burnab Vanco Vanco Wes Coquit Maple New W North Port C Port M Richm Squam Sunsh Whistl Delta - Islands Detached 38 67 29 1 68 12 44 21 10 54 10 30 74 86 43 7 594 Number of Attached 37 23 1 0 13 6 13 10 9 46 8 1 19 35 2 23 246 September Sales Apartment 99 53 11 0 18 41 43 10 11 73 1 7 71 212 12 14 676 2012 Detached $875,500 $692,500 $635,000 n/a $483,000 n/a $975,000 $538,500 n/a $924,400 n/a $418,000 $862,500 $2,035,000 $1,838,000 n/a Median Selling Attached $436,500 $442,900 n/a n/a n/a n/a n/a n/a n/a $531,500 n/a n/a n/a $669,000 n/a $525,000 n/a Price Apartment $365,000 $288,500 n/a n/a n/a $278,000 $371,400 n/a n/a $315,500 n/a n/a $347,250 $490,875 n/a n/a Detached 42 58 38 2 71 17 51 27 12 60 11 47 79 75 24 10 624 Number of Attached 45 23 5 0 30 9 14 17 17 54 8 3 15 40 4 16 300 August Sales Apartment 87 41 11 0 27 58 48 18 21 65 3 4 75 247 6 14 725 2012 Detached $934,500 $719,000 $689,500 n/a $456,000 n/a $1,060,000 $568,500 n/a $937,500 n/a $410,000 $867,500 $2,030,000 $1,958,000 n/a Median Selling Attached $435,000 $455,000 n/a n/a $277,500 n/a n/a n/a n/a $533,750 n/a n/a n/a $916,250 n/a n/a n/a Price Apartment $360,900 $279,000 n/a n/a $233,600 $308,250 $360,000 n/a $342,000 $341,000 n/a n/a $310,000 $495,500 n/a n/a Detached 74 106 32 6 77 29 79 35 15 109 17 46 141 104 71 16 957 Number of Attached 49 17 7 0 30 9 35 24 14 63 6 6 32 52 3 20 367 September Sales Apartment 137 55 10 0 22 68 48 25 22 104 1 6 82 317 11 14 922 2011 Detached $1,006,500 $690,000 $676,000 n/a $488,000 $635,000 $950,000 $536,000 n/a $1,025,000 n/a $377,500 $885,000 $2,012,500 $1,830,000 n/a Median Selling Attached $495,000 n/a n/a n/a $305,771 n/a $649,000 $407,000 n/a $559,000 n/a n/a $600,000 $900,000 n/a $550,000 n/a Price Apartment $350,000 $270,500 n/a n/a $215,975 $312,500 $367,500 $237,000 $329,000 $348,500 n/a n/a $340,000 $474,000 n/a n/a Detached 675 888 361 27 860 221 750 314 156 777 144 382 1,029 1,013 497 81 8,175 Number of Attached 546 322 55 1 306 99 233 178 160 581 76 32 289 417 58 177 3,530 Jan. - Sales Apartment 1,133 553 97 0 227 613 612 230 182 881 32 43 956 2,756 131 122 8,568 Sep. 2012 Detached $925,000 $736,450 $683,388 $407,000 $481,000 $680,000 $1,010,000 $545,000 $780,000 $975,000 $497,500 $400,000 $875,000 $2,060,000 $1,865,000 $960,000 Median Selling Attached $470,000 $464,700 $440,000 n/a $292,250 $425,000 $644,000 $390,000 $441,000 $528,500 $352,000 $287,500 $628,000 $865,000 $1,154,400 $550,000 n/a Year-to-date Price Apartment $366,000 $285,000 $336,388 n/a $216,000 $307,500 $373,500 $242,400 $334,000 $339,450 $254,500 $247,000 $347,500 $480,500 $710,000 $227,500 Detached 1,040 1,081 513 26 898 274 970 363 184 1,438 140 362 1,486 1,683 969 82 11,509 Number of Attached 678 440 69 1 388 110 299 185 175 833 71 37 329 609 48 121 4,393 Jan. - Sales Apartment 1,481 558 119 0 220 694 667 229 217 1,278 30 45 905 3,472 171 67 10,153 Sep. 2011 Detached $898,000 $708,000 $657,000 $620,500 $485,000 $620,000 $920,500 $539,450 $828,100 $995,250 $485,000 $394,000 $820,000 $2,060,000 $1,780,000 $837,500 Median Selling Attached $491,000 $450,000 $447,000 n/a $309,900 $415,700 $630,000 $385,000 $419,000 $546,000 $355,000 $272,500 $600,000 $865,000 $1,107,000 $575,000 n/a Year-to-date Price Apartment $355,850 $288,000 $334,000 n/a $214,410 $301,000 $365,000 $239,900 $335,000 $353,000 $230,500 $305,000 $344,400 $488,000 $735,000 $242,000 Note: Median Selling Prices are not reported for areas with less than 20 sales or for the Gulf Islands
  • 6. 9 19 2012 MLS® LISTINGS Facts Sound dows owe er itt Mea st elcarra est m ast ast berton uver ouver/H September y - Gulf ish estmin lam Ridge/P oody/B ond ine Co South oquitla uver E uver W Vanco er/Pem 2012 t Vanc Burnab Coquit Maple North Port C Port M Richm Squam Sunsh Vanco Vanco Wes New W Whistl Delta - Islands Detached 208 221 70 8 205 50 222 72 38 248 32 86 250 324 193 26 2,253 Number of Attached 115 58 20 0 48 26 92 52 38 152 18 10 79 134 24 30 896 September Listings Apartment 292 156 24 0 45 140 191 48 66 206 12 10 213 686 40 43 2,172 2012 Detached 18% 30% 41% 13% 33% 24% 20% 29% 26% 22% 31% 35% 30% 27% 22% 27% % Sales to Attached 32% 40% 5% n/a 27% 23% 14% 19% 24% 30% 44% 10% 24% 26% 8% 77% n/a Listings Apartment 34% 34% 46% n/a 40% 29% 23% 21% 17% 35% 8% 70% 33% 31% 30% 33% Detached 155 145 62 11 179 30 119 58 35 234 32 97 200 221 109 37 1,724 Number of Attached 87 57 9 1 76 16 33 21 29 133 16 18 45 86 10 37 674 August Listings Apartment 261 113 21 0 45 111 99 30 29 206 11 9 144 517 23 27 1,646 2012 Detached 27% 40% 61% 18% 40% 57% 43% 47% 34% 26% 34% 48% 40% 34% 22% 27% % Sales to Attached 52% 40% 56% 0% 39% 56% 42% 81% 59% 41% 50% 17% 33% 47% 40% 43% n/a Listings Apartment 33% 36% 52% n/a 60% 52% 48% 60% 72% 32% 27% 44% 52% 48% 26% 52% Detached 214 207 73 12 207 40 204 73 47 339 35 82 277 386 189 21 2,406 Number of Attached 141 80 16 0 51 20 69 37 36 149 8 3 83 130 12 40 875 September Listings Apartment 279 144 27 0 42 141 196 74 68 299 21 31 227 785 34 31 2,399 2011 Detached 35% 51% 44% 50% 37% 73% 39% 48% 32% 32% 49% 56% 51% 27% 38% 76% % Sales to Attached 35% 21% 44% n/a 59% 45% 51% 65% 39% 42% 75% 200% 39% 40% 25% 50% n/a Listings Apartment 49% 38% 37% n/a 52% 48% 24% 34% 32% 35% 5% 19% 36% 40% 32% 45% Detached 1,873 1,817 696 121 1,962 414 1,628 634 392 2,903 392 1,077 2,348 3,117 1,456 285 21,115 Number of Attached 1,194 641 106 2 617 211 550 331 331 1,418 195 97 620 1,115 146 326 7,900 Jan. - Listings Apartment 2,892 1,349 222 0 528 1,377 1,506 514 467 2,435 166 108 1,931 6,767 323 318 20,903 Sep. 2012 Detached 36% 49% 52% 22% 44% 53% 46% 50% 40% 27% 37% 35% 44% 32% 34% 28% % Sales to Attached 46% 50% 52% 50% 50% 47% 42% 54% 48% 41% 39% 33% 47% 37% 40% 54% n/a Listings Year-to-date* Apartment 39% 41% 44% n/a 43% 45% 41% 45% 39% 36% 19% 40% 50% 41% 41% 38% Detached 1,766 1,842 772 138 1,877 405 1,577 600 393 3,232 383 1,034 2,473 3,040 1,698 260 21,490 Number of Attached 1,188 712 114 0 639 179 509 317 353 1,625 167 78 561 1,131 96 378 8,047 Jan. - Listings Apartment 2,648 1,230 208 10 522 1,298 1,434 585 517 2,631 202 159 1,748 6,957 322 316 20,787 Sep. 2011 Detached 59% 59% 66% 19% 48% 68% 62% 61% 47% 44% 37% 35% 60% 55% 57% 32% % Sales to Attached 57% 62% 61% n/a 61% 61% 59% 58% 50% 51% 43% 47% 59% 54% 50% 32% n/a Listings Year-to-date* Apartment 56% 45% 57% 0% 42% 53% 47% 39% 42% 49% 15% 28% 52% 50% 53% 21% * Year-to-date listings represent a cumulative total of listings rather than total active listings.
  • 7. Listing & Sales Activity Summary Listings Sales 1 2 3 Col. 2 & 3 5 6 7 Col. 6 & 7 9 10 Col. 9 & 10 Sep Aug Sep Percentage Sep Aug Sep Percentage Jul 2011 - Jul 2012 - Percentage 2011 2012 2012 Variance 2011 2012 2012 Variance Sep 2011 Sep 2012 Variance BURNABY % % % DETACHED 214 155 208 34.2 74 42 38 -9.5 265 138 -47.9 ATTACHED 141 87 115 32.2 49 45 37 -17.8 187 152 -18.7 APARTMENTS 279 261 292 11.9 137 87 99 13.8 471 317 -32.7 COQUITLAM DETACHED 207 145 221 52.4 106 58 67 15.5 318 192 -39.6 ATTACHED 80 57 58 1.8 17 23 23 0.0 109 74 -32.1 APARTMENTS 144 113 156 38.1 55 41 53 29.3 168 152 -9.5 DELTA DETACHED 73 62 70 12.9 32 38 29 -23.7 130 98 -24.6 ATTACHED 16 9 20 122.2 7 5 1 -80.0 24 11 -54.2 APARTMENTS 27 21 24 14.3 10 11 11 0.0 37 30 -18.9 MAPLE RIDGE/PITT MEADOWS DETACHED 207 179 205 14.5 77 71 68 -4.2 294 247 -16.0 ATTACHED 51 76 48 -36.8 30 30 13 -56.7 103 78 -24.3 APARTMENTS 42 45 45 0.0 22 27 18 -33.3 67 78 16.4 NORTH VANCOUVER DETACHED 204 119 222 86.6 79 51 44 -13.7 244 155 -36.5 ATTACHED 69 33 92 178.8 35 14 13 -7.1 75 53 -29.3 APARTMENTS 196 99 191 92.9 48 48 43 -10.4 188 146 -22.3 NEW WESTMINSTER DETACHED 40 30 50 66.7 29 17 12 -29.4 80 52 -35.0 ATTACHED 20 16 26 62.5 9 9 6 -33.3 28 29 3.6 APARTMENTS 141 111 140 26.1 68 58 41 -29.3 203 173 -14.8 PORT MOODY/BELCARRA DETACHED 47 35 38 8.6 15 12 10 -16.7 47 37 -21.3 ATTACHED 36 29 38 31.0 14 17 9 -47.1 46 36 -21.7 APARTMENTS 68 29 66 127.6 22 21 11 -47.6 59 49 -16.9 PORT COQUITLAM DETACHED 73 58 72 24.1 35 27 21 -22.2 101 92 -8.9 ATTACHED 37 21 52 147.6 24 17 10 -41.2 56 48 -14.3 APARTMENTS 74 30 48 60.0 25 18 10 -44.4 69 52 -24.6 RICHMOND DETACHED 339 234 248 6.0 109 60 54 -10.0 327 174 -46.8 ATTACHED 149 133 152 14.3 63 54 46 -14.8 220 155 -29.5 APARTMENTS 299 206 206 0.0 104 65 73 12.3 335 239 -28.7 SUNSHINE COAST DETACHED 82 97 86 -11.3 46 47 30 -36.2 133 124 -6.8 ATTACHED 3 18 10 -44.4 6 3 1 -66.7 8 6 -25.0 APARTMENTS 31 9 10 11.1 6 4 7 75.0 15 18 20.0 SQUAMISH DETACHED 35 32 32 0.0 17 11 10 -9.1 47 42 -10.6 ATTACHED 8 16 18 12.5 6 8 8 0.0 18 29 61.1 APARTMENTS 21 11 12 9.1 1 3 1 -66.7 5 10 100.0 VANCOUVER EAST DETACHED 277 200 250 25.0 141 79 74 -6.3 433 262 -39.5 ATTACHED 83 45 79 75.6 32 15 19 26.7 95 58 -38.9 APARTMENTS 227 144 213 47.9 82 75 71 -5.3 241 250 3.7 VANCOUVER WEST DETACHED 386 221 324 46.6 104 75 86 14.7 373 244 -34.6 ATTACHED 130 86 134 55.8 52 40 35 -12.5 171 121 -29.2 APARTMENTS 785 517 686 32.7 317 247 212 -14.2 995 735 -26.1 WHISTLER DETACHED 21 37 26 -29.7 16 10 7 -30.0 37 29 -21.6 ATTACHED 40 37 30 -18.9 20 16 23 43.8 52 72 38.5 APARTMENTS 31 27 43 59.3 14 14 14 0.0 21 44 109.5 WEST VANCOUVER/HOWE SOUND DETACHED 189 109 193 77.1 71 24 43 79.2 237 113 -52.3 ATTACHED 12 10 24 140.0 3 4 2 -50.0 10 8 -20.0 APARTMENTS 34 23 40 73.9 11 6 12 100.0 43 35 -18.6 GRAND TOTALS DETACHED 2394 1713 2245 31.1 951 622 593 -4.7 3066 1999 -34.8 ATTACHED 875 673 896 33.1 367 300 246 -18.0 1202 930 -22.6 APARTMENTS 2399 1646 2172 32.0 922 725 676 -6.8 2917 2328 -20.2
  • 8. Residential Average Sale Prices - January 1977 to September 2012 DETACHED CONDOMINIUM ATTACHED APARTMENTS IN THOUSANDS ($) 1400 $1,119,166 1200 1000 800 $531,311 600 400 $445,429 200 0 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 NOTE: From 1977 - 1984 condominium averages were not separated into attached & apartment.