Rapid Vancouver Price Growth Enlivens Quiet May in Resale Markets
Metropolitan Monthly Monitors: Metro Resale Index June 2011
Metropolitan Monthly Monitors: Metro Resale Index June 2011
Urban City Economic Analysis
$55.00
- Resale market activity remained relatively stable last month. May sales were below April volumes in 14 of our 28 markets, but only 6 areas had drops of 5 per cent or more. Volumes trailed year-earlier activity in 13 markets.
- New listings were also fairly steady. Although up from April in 16 markets, only 3 of those markets saw a gain of 5 per cent or more. And listings were off from year-earlier levels in 17 areas.
- The modest sales drops and listings gains led to a month-over-month drop in the sales-to-listings ratio in May in 18 of our 28 areas. The ratio was above year-earlier levels in 16 locations. Only 2 of our 28 markets are not in a “balanced” stance.
- Vancouver’s average price continues to soar. Elsewhere, the numbers are mixed. Average values fell in 15 markets on a monthly basis in May. But year-over-year price change remains positive in 23 of 28 areas.
Customers Who Downloaded This Also Liked
3 min read
Require an accessible version of this research?
Upon request, The Conference Board of Canada offers accessible versions of research. Please contact us to request your accessible version.
Learn more about our accessibility policies.
