Karel Palla & Darryl Sjerven

Here are the lastest stats. Please click on the links below to open up the Vancouver West and Vancouver East Stats. A summary of price increases from January 2015 to January 2016 is as follows:

Click here for Vancouver West Full Report

Vancouver West Detached(Houses): 24.6%
Vancouver West Condos: 20.5%
Vancouver West Townhouses: 17.7%

Click here for Vancouver East Full Report Link

Vancouver East Detached(Houses): 26%
Vancouver East Condos: 18%
Vancouver East Townhouses: 21.3%

Home buyer competition keeps home sellers in the driver’s seat

Home buyer activity remains at near record levels across the Metro Vancouver housing market.

Residential property sales in Greater Vancouver totalled 2,519 in January 2016, an increase of 31.7 per cent from the 1,913 sales recorded in January 2015 and a 10.9 per cent decline compared to December 2015 when 2,827 home sales occurred.

Last month’s sales were 46 per cent above the 10-year sales average for the month and rank as the second highest January on record.

“Fundamental economics are driving today’s market. Home buyer demand is at near record heights and home seller supply is as low as we’ve seen in many years,” Darcy McLeod, REBGV president said.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,442 in January 2016. This represents a 6.2 per cent decline compared to the 4,737 units listed in January 2015 and a 119.8 per cent increase compared...