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Steady sales and fewer listings characterize 2017 for Metro Vancouver housing market

“It was a steady year for home sales across the region, led by condominium and townhome activity, and a quieter year for home listings,” Jill Oudil, REBGV president said. “Metro Vancouver home sales were the third highest we’ve seen in the past ten years while the home listings total was the second lowest on record for the same period.”

Marketing activity differed considerably based on property type. Competition was intense in the condo and townhome markets, while the detached home market was more balanced, giving buyers more time to consider their purchase and more selection from which to choose.

However, historically home prices have gained across all home types in the Lower Mainland in the past five years.

For the whole statistics package from the Real Estate Board of Greater Vancouver, click here.