Kumar Fireworks Hadapsar Link Road Pune Brochure.pdf
January 2017 Rebgv Statistics Package Mike Stewart Vancouver Realtor
1. News Release
FOR IMMEDIATE RELEASE:
Metro Vancouver housing market off to a quieter start than last
year
VANCOUVER, BC – February 2, 2017 – Home sales and listings trends are below long-term
averages in the Metro Vancouver* housing market. This is due largely to reduced activity in the
detached home market.
Residential property sales in the region totalled 1,523 in January 2017, a 39.5 per cent decrease
from the 2,519 sales recorded in January 2016 and an 11.1 per cent decrease compared to
December 2016 when 1,714 homes sold.
Last month’s sales were 10.3 per cent below our 10-year January sales average.
“From a real estate perspective, it’s a lukewarm start to the year compared to 2016,” Dan
Morrison, Real Estate Board of Greater Vancouver (REBGV) president said. “While we saw
near record-breaking sales at this time last year, home buyers and sellers are more reluctant to
engage so far in 2017.”
New listings for detached, attached and apartment properties in Metro Vancouver totalled 4,140
in January 2017. This represents a 6.8 per cent decrease compared to the 4,442 homes listed in
January 2016 and a 215.5 per cent increase compared to December 2016 when 1,312 properties
were listed.
The total number of homes currently listed for sale on the Multiple Listing Service® (MLS®) in
Metro Vancouver is 7,238, a 9.1 per cent increase compared to January 2016 (6,635) and a 14.1
per cent increase compared to December 2016 (6,345).
The sales-to-active listings ratio for January 2017 is 21 per cent. This is the lowest the ratio has
been in the region since January 2015. Generally, analysts say that downward pressure on home
prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home
prices often experience upward pressure when it surpasses 20 per cent over several months.
“Conditions within the market vary depending on property type. The townhome and
condominium markets are more active than the detached market at the moment,” Morrison said.
“As a result, detached home prices declined about 7 per cent since peaking in July while
townhome and condominium prices held steady over this period.”
The MLS® Home Price Index composite benchmark price for all residential properties in Metro
Vancouver is currently $896,000. This represents a 3.7 per cent decline over the past six months
and a 0.2 per cent decrease compared to December 2016.
2. Sales of detached properties in January 2017 reached 444, a decrease of 57.6 per cent from the
1,047 detached sales recorded in January 2016. The benchmark price for detached properties is
$1,474,800. This represents a 6.6 per cent decline over the last six months and a 0.6 per cent
decrease compared to December 2016.
Sales of apartment properties reached 825 in January 2017, a decrease of 24.7 per cent compared
to the 1,096 sales in January 2016.The benchmark price of an apartment property is $512,300.
This represents a 0.3 per cent increase over the last six months and a 0.4 per cent increase
compared to December 2016.
Attached property sales in January 2017 totalled 254, a decrease of 32.4 per cent compared to the
376 sales in January 2016. The benchmark price of an attached unit is $666,500. This represents
a 0.4 per cent decline over the last six months and a 0.7 per cent increase compared to December
2016.
-30-
*Editor’s Note: Areas covered by the Real Estate Board of Greater Vancouver include: Whistler, Sunshine Coast,
Squamish, West Vancouver, North Vancouver, Vancouver, Burnaby, New Westminster, Richmond, Port Moody,
Port Coquitlam, Coquitlam, Pitt Meadows, Maple Ridge, and South Delta.
The real estate industry is a key economic driver in British Columbia. In 2016, 39,943 homes changed ownership in
the Board’s area, generating $2.5 billion in economic spin-off activity and an estimated 17,600 jobs. The total dollar
value of residential sales transacted through the MLS® system in Greater Vancouver totalled $40 billion in 2016.
The Real Estate Board of Greater Vancouver is an association representing more than 13,400 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
Manager, Communication
Real Estate Board of Greater Vancouver
604.730.3146
cmunn@rebgv.org
3. Property Type Area
Benchmark
Price
Price
Index
1 Month
Change %
3 Month
Change %
6 Month
Change %
1 Year
Change %
3 Year
Change %
5 Year
Change %
10 Year
Change %
Residential / Composite Lower Mainland $804,000 226.7 0.0% -2.1% -2.8% 18.0% 47.6% 48.7% 73.7%
Greater Vancouver $896,000 234.5 -0.2% -2.5% -3.7% 15.6% 47.4% 48.2% 80.7%
Bowen Island $830,200 180.0 0.7% 4.7% 4.7% 27.8% 47.4% 47.4% 43.7%
Burnaby East $831,800 229.6 -0.1% -1.2% -3.1% 16.3% 46.1% 49.5% 75.7%
Burnaby North $772,300 232.1 0.6% 0.3% -0.9% 20.1% 50.2% 50.4% 79.0%
Burnaby South $868,200 245.4 1.2% 1.5% -0.1% 23.4% 50.7% 53.7% 90.7%
Coquitlam $732,200 217.3 -1.0% -4.4% -6.0% 12.0% 43.4% 50.4% 68.1%
Ladner $784,400 218.0 -1.0% -5.6% -6.4% 12.9% 50.0% 47.7% 74.3%
Maple Ridge $570,600 192.8 0.4% -0.8% 0.8% 25.6% 48.8% 46.2% 51.3%
New Westminster $533,500 227.2 0.7% 1.3% 0.8% 19.8% 44.4% 47.7% 67.9%
North Vancouver $964,000 217.5 -0.2% -3.1% -5.3% 15.2% 47.9% 50.6% 75.3%
Pitt Meadows $558,800 204.4 0.3% -0.1% 3.1% 24.6% 41.7% 50.5% 56.5%
Port Coquitlam $571,400 202.5 -0.3% -3.3% -4.6% 14.9% 42.3% 42.4% 54.6%
Port Moody $766,000 211.8 0.0% -0.4% -0.6% 15.7% 50.0% 57.8% 64.8%
Richmond $853,800 247.4 0.0% -2.5% -3.4% 17.0% 49.9% 44.5% 90.9%
Squamish $658,600 214.7 2.0% 6.7% 8.4% 28.3% 69.5% 78.3% 82.4%
Sunshine Coast $505,800 177.2 2.1% 4.1% 7.8% 26.3% 50.0% 40.5% 38.7%
Tsawwassen $911,700 228.4 -1.3% -6.7% -7.9% 12.2% 55.2% 57.0% 80.7%
Vancouver East $952,200 278.9 0.1% -3.9% -3.5% 16.2% 54.0% 61.3% 108.9%
Vancouver West $1,184,800 249.7 -0.8% -3.9% -5.7% 11.9% 44.3% 45.8% 89.7%
West Vancouver $2,436,700 261.5 -1.3% -8.2% -12.3% 10.1% 52.6% 60.1% 104.5%
Whistler $748,100 173.8 0.8% 6.3% 8.8% 25.2% 61.1% 64.1% 50.6%
Single Family Detached Lower Mainland $1,194,000 253.6 -0.4% -3.6% -5.3% 18.3% 56.7% 58.5% 97.7%
Greater Vancouver $1,474,800 272.0 -0.6% -4.6% -6.6% 15.8% 58.3% 58.2% 113.3%
Bowen Island $830,200 180.0 0.7% 4.7% 4.7% 27.8% 47.4% 47.4% 43.7%
Burnaby East $1,150,600 257.3 -1.2% -2.6% -8.0% 12.3% 54.5% 58.0% 103.2%
Burnaby North $1,480,500 286.3 -0.6% -4.4% -7.7% 14.7% 59.9% 62.5% 124.7%
Burnaby South $1,635,100 313.0 0.8% -1.3% -4.4% 24.4% 68.2% 73.1% 145.1%
Coquitlam $1,107,700 245.8 -1.6% -7.5% -9.7% 12.9% 53.1% 63.0% 92.9%
Ladner $967,800 233.3 -1.3% -6.6% -6.3% 11.7% 60.8% 58.7% 88.1%
Maple Ridge $711,800 202.8 0.5% -0.4% 0.8% 27.3% 56.5% 54.6% 63.3%
New Westminster $1,023,900 254.0 -1.1% -2.1% -6.8% 14.9% 55.7% 54.9% 100.3%
North Vancouver $1,564,200 249.0 -0.9% -5.7% -7.9% 15.7% 64.6% 65.9% 104.6%
Pitt Meadows $770,100 217.0 0.1% -2.8% 0.4% 24.2% 56.5% 54.0% 70.6%
Port Coquitlam $833,000 222.2 -1.8% -5.3% -9.4% 9.9% 48.1% 52.8% 75.7%
Port Moody $1,344,000 248.2 -0.8% -2.5% -3.8% 18.4% 56.2% 69.5% 94.1%
Richmond $1,566,000 314.1 -0.9% -6.4% -8.8% 18.3% 67.5% 56.6% 141.8%
Squamish $816,200 217.0 0.3% 6.0% 4.7% 25.2% 61.8% 59.0% 81.9%
Sunshine Coast $502,900 176.2 2.0% 4.0% 7.6% 26.0% 49.8% 40.1% 37.9%
Tsawwassen $1,162,400 250.3 -1.9% -7.3% -8.4% 11.1% 64.9% 69.4% 98.3%
Vancouver East $1,440,500 318.4 -1.1% -5.0% -5.7% 16.7% 65.9% 75.0% 146.4%
Vancouver West $3,419,800 351.1 -0.7% -4.2% -4.8% 16.8% 59.4% 58.4% 164.6%
West Vancouver $2,907,100 276.4 -1.4% -9.4% -13.6% 9.3% 53.0% 61.9% 117.0%
Whistler $1,354,600 187.5 0.0% 3.4% 5.8% 23.6% 49.0% 51.3% 62.1%
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.
January 2017*
* MLS®, Multiple Listing Service®, and all related graphics are trademarks of The Canadian Real Estate Association 1 of 14
4. Property Type Area
Benchmark
Price
Price
Index
1 Month
Change %
3 Month
Change %
6 Month
Change %
1 Year
Change %
3 Year
Change %
5 Year
Change %
10 Year
Change %
January 2017*
Townhouse Lower Mainland $558,100 202.0 0.8% -0.4% 0.8% 22.6% 42.6% 42.1% 56.8%
Greater Vancouver $666,500 215.4 0.7% -0.4% -0.4% 19.9% 45.0% 45.4% 68.0%
Burnaby East $540,300 193.8 0.9% 1.9% 9.0% 28.9% 28.2% 31.7% 50.3%
Burnaby North $523,400 195.2 0.6% 0.8% -0.3% 12.4% 31.9% 26.2% 51.0%
Burnaby South $575,200 206.4 1.1% 1.1% 2.9% 27.2% 41.1% 36.6% 63.8%
Coquitlam $504,600 185.4 0.1% -0.8% -3.0% 11.2% 33.5% 35.1% 44.5%
Ladner $613,900 203.4 -0.4% 2.6% -3.2% 17.6% 38.6% 36.8% 59.5%
Maple Ridge $396,200 192.5 1.4% -2.1% -0.5% 25.7% 49.7% 44.0% 46.1%
New Westminster $535,600 201.2 -0.3% 3.5% -1.7% 18.6% 35.2% 41.2% 57.6%
North Vancouver $831,000 198.9 0.0% -1.3% -4.3% 18.5% 42.3% 41.1% 61.3%
Pitt Meadows $483,300 209.1 1.1% 1.9% 3.3% 27.0% 49.1% 55.2% 60.5%
Port Coquitlam $529,500 200.8 0.3% -3.3% -1.9% 22.7% 40.0% 41.6% 53.2%
Port Moody $512,200 173.1 0.3% -2.3% -5.5% -1.3% 29.7% 29.2% 33.7%
Richmond $725,700 234.6 0.6% 1.6% 0.2% 21.7% 44.7% 44.7% 83.6%
Squamish $704,100 255.8 8.4% 12.6% 16.2% 45.8% 101.6% 161.8% 120.9%
Tsawwassen $607,900 200.9 -0.4% 1.4% -2.6% 18.0% 42.4% 32.6% 57.6%
Vancouver East $739,200 243.7 1.1% -4.1% -4.0% 11.8% 42.7% 48.0% 78.8%
Vancouver West $1,066,700 241.3 0.5% -5.1% -2.0% 19.5% 55.0% 59.6% 89.1%
Whistler $808,800 216.3 0.2% 5.1% 7.1% 32.6% 70.0% 99.2% 94.0%
Apartment Lower Mainland $464,100 202.6 0.5% 0.4% 1.4% 16.8% 37.0% 37.7% 50.9%
Greater Vancouver $512,300 206.0 0.4% 0.0% 0.3% 15.6% 37.2% 38.8% 55.5%
Burnaby East $533,400 202.5 0.8% 1.4% -2.9% 7.9% 35.3% 48.1% 42.6%
Burnaby North $490,800 207.5 1.6% 5.0% 6.3% 28.7% 46.7% 48.7% 57.7%
Burnaby South $551,200 221.3 1.7% 3.9% 3.0% 23.7% 42.9% 47.2% 70.1%
Coquitlam $348,200 191.7 0.4% 1.2% 2.5% 14.4% 34.8% 39.1% 43.9%
Ladner $380,900 180.5 1.2% -7.9% -7.4% 16.2% 25.4% 22.5% 42.2%
Maple Ridge $207,300 149.7 -0.5% 0.9% 7.2% 22.1% 13.1% 13.0% 8.6%
New Westminster $387,000 220.4 1.7% 2.7% 5.0% 22.3% 40.8% 45.6% 58.7%
North Vancouver $455,300 185.3 0.6% 0.8% -0.2% 15.2% 29.3% 34.4% 46.1%
Pitt Meadows $309,600 183.0 -0.3% 1.2% 6.5% 22.9% 19.8% 42.6% 32.7%
Port Coquitlam $307,400 182.2 1.3% -0.2% 2.1% 18.3% 39.5% 32.1% 32.8%
Port Moody $493,400 205.6 1.0% 3.4% 7.3% 25.4% 54.5% 63.4% 60.6%
Richmond $460,900 194.6 1.0% 2.1% 6.6% 16.6% 33.4% 30.0% 49.1%
Squamish $371,200 178.8 0.1% 3.9% 9.1% 18.8% 66.9% 61.7% 53.7%
Tsawwassen $405,500 171.0 1.2% -5.1% -5.5% 19.3% 28.6% 24.7% 34.8%
Vancouver East $438,800 242.1 0.8% -2.5% 0.7% 17.4% 42.2% 48.3% 73.7%
Vancouver West $662,400 214.4 -0.6% -2.6% -5.1% 10.6% 37.4% 39.2% 62.7%
West Vancouver $915,800 200.1 0.4% 1.8% 2.4% 19.5% 55.0% 51.8% 54.5%
Whistler $402,300 131.9 0.3% 9.1% 13.9% 21.1% 89.0% 71.3% 11.3%
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 14