The May 2011 market update from the the British Columbia Real Estate Association.

1. For immediate release
Home Sales Slow After Strong First Quarter
Vancouver, BC – May 12, 2011. The British Columbia Real Estate Association (BCREA)
reports that Multiple Listing Service® (MLS®) residential unit sales in the province declined 14
per cent to 7,187 units in April compared to the same month last year. The average MLS®
residential price climbed 16 per cent to $598,308 last month compared to April 2010.
“BC home sales edged lower in April as the
result of home purchases that were pulled
forward during the first quarter,” said Cameron
Muir, BCREA Chief Economist. “The
province’s housing markets continue to exhibit
a two steps forward, one step back trajectory in
tandem with economic and employment
growth.”
Year-to-date, BC residential sales dollar
volume increased 14 per cent to $15.4 billion,
compared to the same period last year.
Residential unit sales edged back one per cent
to 26,334 units, while the average MLS®
residential price rose 15.5 per cent to $586,466
over the same period.
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For more information, please contact:
Cameron Muir Damian Stathonikos
Chief Economist Director, Communications and Public Affairs
Direct: 604.742.2780 Direct: 604.742.2793
Mobile: 778.229.1884 Mobile: 778.990.1320
Email: cmuir@bcrea.bc.ca Email: dstathonikos@bcrea.bc.ca
For detailed statistical information, contact your local real estate board. A video podcast of these
statistics is available here.
1420 – 701 Georgia Street W, PO Box 10123, Pacific Centre, Vancouver, BC V7Y 1C6
President Moss Moloney | Vice President Rick Valouche | bcrea@bcrea.bc.ca | 604.683.7702 (tel)
Past President John Tillie | Chief Executive Officer Robert Laing | www.bcrea.bc.ca | 604.683.8601 (fax)

2. Home Sales Slow After Strong First Quarter . . . Page 2
April 2011 Residential Average Price, Active Listings and
Sales-to-Active-Listings Data by Board
Average Price Active Listings Sales-to-Active-Listings
April 2011 April 2010 April 2011 April 2010
April 2011 April 2010
Residential Residential Residential Residential
Board Residential Residential % change %
Active Active Sales to Active Sales to Active
Average Price Average Price change
Listings Listings Listings Listings
($) ($)
(Units) (Units) (%) (%)
BC Northern 215,122 220,039 -2.2 2,696 3,002 -10.2 11.8 11.3
Chilliwack 297,870 317,700 -6.2 1,757 1,694 3.7 10.6 13.8
Fraser Valley 534,123 454,557 17.5 8,064 8,838 -8.8 17.5 19
Greater Vancouver 815,252 673,579 21 15,239 17,039 -10.6 21.5 21
Kamloops 312,970 316,520 -1.1 2,083 2,096 -0.6 7.5 9.5
Kootenay 270,615 289,001 -6.4 2,864 3,001 -4.6 5.4 6.3
Okanagan Mainline 372,499 394,516 -5.6 6,318 6,676 -5.4 6.3 8.4
Powell River 176,904 243,631 -27.4 235 254 -7.5 11.1 10.2
South Okanagan 299,281 323,924 -7.6 1,981 1,963 0.9 5.8 7.3
Northern Lights 210,717 186,988 12.7 277 281 -1.4 9.4 15.7
Vancouver Island 338,581 334,024 1.4 6,206 6,026 3 9.4 11.5
Victoria 508,005 518,536 -2 3,709 3,400 9.1 14.6 20.8
Provincial Totals* 598,308 514,791 16.2 51,268 54,270 -5.5 14 15.5
*Numbers may not add due to rounding
April 2011 BC Residential Multiple Listing Service® Data by Board
Dollar Volume (000s) Units
April 2011 April 2010 April 2011 April 2010
Board
Residential Sales Residential Sales % change Residential Sales Residential Sales % change
($) ($) (Units) (Units)
BC Northern 68,409 74,373 -8 318 338 -5.9
Chilliwack 55,702 74,024 -24.8 187 233 -19.7
Fraser Valley 755,251 762,293 -0.9 1,414 1,677 -15.7
Greater Vancouver 2,665,872 2,407,370 10.7 3,270 3,574 -8.5
Kamloops 49,136 62,988 -22 157 199 -21.1
Kootenay 41,945 54,332 -22.8 155 188 -17.6
Okanagan Mainline 147,137 221,324 -33.5 395 561 -29.6
Powell River 4,600 6,334 -27.4 26 26 0
South Okanagan 34,118 46,321 -26.3 114 143 -20.3
Northern Lights 5,479 8,228 -33.4 26 44 -40.9
Vancouver Island 198,070 231,812 -14.6 585 694 -15.7
Victoria 274,323 367,123 -25.3 540 708 -23.7
Provincial Totals* 4,300,041 4,316,522 -0.4 7,187 8,385 -14.3
* Numbers may not add due to rounding
**NOTE: The Northern Lights Real Estate Board (NLREB) became part of the South Okanagan Real
Estate Board (SOREB) on January 1, 2011
1420 – 701 Georgia Street W, PO Box 10123, Pacific Centre, Vancouver, BC V7Y 1C6
President Moss Moloney | Vice President Rick Valouche | bcrea@bcrea.bc.ca | 604.683.7702 (tel)
Past President John Tillie | Chief Executive Officer Robert Laing | www.bcrea.bc.ca | 604.683.8601 (fax)

3. Home Sales Slow After Strong First Quarter . . . Page 3
April 2011 Year-to-Date BC Residential Multiple Listing Service® Data by Board
Dollar Volume (000s) Unit Sales Average Price
Board
% % %
2011 2010 2011 2010
change 2011 2010 change change
($) ($) ($) ($)
BC Northern 225,720 231,761 -2.6 1,057 1,068 -1 213,547 217,005 -1.6
Chilliwack 188,129 231,476 -18.7 660 740 -10.8 285,044 312,806 -8.9
Fraser Valley 2,588,671 2,307,866 12.2 5,118 5,159 -0.8 505,797 447,348 13.1
Greater Vancouver 9,819,031 7,537,468 30.3 12,402 11,241 10.3 791,730 670,534 18.1
Kamloops 185,443 208,347 -11 599 695 -13.8 309,588 299,780 3.3
Kootenay 131,395 179,064 -26.6 508 654 -22.3 258,653 273,798 -5.5
Okanagan Mainline 545,589 662,748 -17.7 1,477 1,716 -13.9 369,390 386,217 -4.4
Powell River 18,618 21,211 -12.2 92 82 12.2 202,366 258,672 -21.8
South Okanagan 107,937 152,240 -29.1 362 477 -24.1 298,169 319,161 -6.6
Northern Lights 25,835 24,540 5.3 127 124 2.4 203,423 197,904 2.8
Vancouver Island 646,412 751,551 -14 1,994 2,299 -13.3 324,178 326,903 -0.8
Victoria 961,210 1,229,097 -21.8 1,938 2,414 -19.7 495,981 509,154 -2.6
Provincial Totals* 15,443,989 13,537,370 14.1 26,334 26,669 -1.3 586,466 507,607 15.5
* Numbers may not add due to rounding
BCREA represents 11 member real estate boards and their approximately 18,000 REALTORS®
on all provincial issues, providing an extensive communications network, standard forms,
economic research and analysis, government relations, applied practice courses and continuing
professional education (cpe).
To demonstrate the profession’s commitment to improving Quality of Life in BC communities,
BCREA supports policies that encourage economic vitality, provide housing opportunities,
respect the environment and build communities with good schools and safe neighbourhoods.
For detailed statistical information, contact your local real estate board. MLS® is a cooperative
marketing system used only by Canada’s real estate boards to ensure maximum exposure of
properties listed for sale.
1420 – 701 Georgia Street W, PO Box 10123, Pacific Centre, Vancouver, BC V7Y 1C6
President Moss Moloney | Vice President Rick Valouche | bcrea@bcrea.bc.ca | 604.683.7702 (tel)
Past President John Tillie | Chief Executive Officer Robert Laing | www.bcrea.bc.ca | 604.683.8601 (fax)