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News Release
FOR IMMEDIATE RELEASE

Balanced real estate market prevailed through much of 2011
VANCOUVER, B.C. – January 4, 2012 – The 2011 Greater Vancouver housing market began with heightened demand in
regional hot spots and concluded with greater balance between seller supply and buyer demand.
  The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment prop-
erties in 2011 reached 32,390, a 5.9 per cent increase from the 30,595 sales recorded in 2010, and a 9.2 per cent decrease
from the 35,669 residential sales in 2009. Last year’s home sale total was 6.3 per cent below the ten-year average for annual
Multiple Listing Service® (MLS®) sales in the region.
  The number of residential properties listed for sale on the MLS® in Greater Vancouver increased 2.7 per cent in 2011 to
59,549 compared to the 58,009 properties listed in 2010. Looking back further, last year’s total represents a 12.8 per cent
increase compared to the 52,869 residential properties listed in 2009. Last year’s listing total was 11.1 per cent above the ten-
year average for annual Multiple Listing Service® (MLS®) property listings in the region.
  “It was a relatively balanced year for the real estate market in Greater Vancouver with listing totals slightly above historical
norms and sale numbers slightly below,” Rosario Setticasi, REBGV president said.
  Residential property sales in Greater Vancouver totalled 1,658 in December 2011, a decrease of 12.7 per cent from the 1,899
sales recorded in December 2010 and a 29.7 per cent decline compared to November 2011 when 2,360 home sales occurred.
  More broadly, last month’s residential sales represent a 34.1 per cent decrease over the 2,515 residential sales in December
2009, a 79.4 per cent increase compared to December 2008’s 924 sales, and a 12.6 per cent decrease compared to the 1,897
sales in December 2007.
  The overall residential benchmark price, as calculated by the MLSLink Housing Price Index®, for Greater Vancouver
increased 7.6 per cent to $621,674 between Decembers 2010 and 2011. However, prices have decreased 1.5 per cent since
hitting a peak of $630,921 in June 2011.
  “Our market remained in a balanced state for most of the year, although higher levels of demand for detached properties in
the region’s largest communities caused prices in certain areas to rise higher than others,” Setticasi said. “For example, the
benchmark price of a single-family detached home experienced double-digit increases in nine areas within the region over
the last 12 months.”
  New listings for detached, attached and apartment properties in Greater Vancouver totalled 1,629 in December 2011. This
represents a 4.1 per cent decline compared to the 1,699 units listed in December 2010 and a 49.4 per cent decline compared
to November 2011 when 3,222 properties were listed.
  Sales of detached properties in December 2011 reached 630, a decrease of 18.1 per cent from the 769 detached sales re-
corded in December 2010, and a 30.2 per cent decrease from the 902 units sold in December 2009. The benchmark price for
detached properties increased 11.2 per cent from December 2010 to $887,471.
  Sales of apartment properties reached 774 in December 2011, a decline of 4.6 per cent compared to the 811 sales in
December 2010, and a decrease of 32.9 per cent compared to the 1,154 sales in December 2009.The benchmark price of an
apartment property increased 3.7 per cent from December 2010 to $401,396.
  Attached property sales in December 2011 totalled 254, a decline of 20.4 per cent compared to the 319 sales in December
2010, and a 44.7 per cent decrease from the 459 attached properties sold in December 2009. The benchmark price of an at-
tached unit increased 4.2 per cent between December 2010 and 2011 to $511,499.

                                                                           -30-

    The real estate industry is a key economic driver in British Columbia. In 2010, 30,595 homes changed ownership in the Board's area, generating
    $1.28 billion in spin-off activity and 8,567 jobs. The total dollar value of residential sales transacted through the MLS® system in Greater Vancou-
    ver totalled $21 billion in 2010. The Real Estate Board of Greater Vancouver is an association representing more than 10,000 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, Assistant Manager, Communications
Real Estate Board of Greater Vancouver
Phone: (604) 730-3146 Fax: (604) 730-3102
E-mail: cmunn@rebgv.org                                                                              also available at  www.realtylink.org
Preliminary Report                                                     MLSLINK HOUSING PRICE INDEX
                                                                                                       December 2011
 PROPERTY                                                                    BENCHMARK PRICE 3 MONTH AVG PRICE 1 YEAR  3 YEAR 5 YEAR 10 YEAR
   TYPE                                       AREA                              PRICE    RANGE BENCHMARK INDEX CHANGE CHANGE CHANGE CHANGE
                                                                                          (+/-)   PRICE           %       %      %      %
Residential              Greater Vancouver                                     $621,674    0.8%  $622,239  262.6  7.6    28.4   29.9  155.9
Detached                 Greater Vancouver                                     $887,471    1.6%  $887,485  262.1 11.2    36.9   37.9  159.8
                         Burnaby                                               $926,663    2.7%  $911,835  272.8 14.4    44.5   40.3  164.3
                         Coquitlam                                             $674,792    5.4%  $691,187  237.4  1.8    15.9   19.1  130.9
                         South Delta                                           $724,903    6.0%  $715,306  236.9 13.1    27.7   25.7  136.7
                         Maple Ridge                                           $464,849    3.7%  $452,675  212.1  8.2    17.7   11.4  104.8
                         New Westminster                                       $607,819   11.3%  $649,694  250.5  1.4    21.8   23.5  142.8
                         North Vancouver                                       $977,579    3.1%  $972,040  244.2 13.3    34.2   32.5  140.1
                         Pitt Meadows                                          $504,142   11.0%  $519,462  206.9  0.1    14.7   11.0  103.8
                         Port Coquitlam                                        $555,876    9.8%  $552,713  234.9 -1.9     5.9   18.0  121.7
                         Port Moody                                            $933,068   11.3%  $811,952  280.5 34.0    69.6   37.3  183.4
                         Richmond                                             $1,073,864   3.4% $1,070,170 317.0 11.0    56.2   68.2  203.6
                         Squamish                                              $457,658   15.4%  $487,466  173.8 -7.3   -11.6    9.3   55.8
                         Sunshine Coast                                        $412,020    8.2%  $398,976  234.4  5.6     4.3    4.5  123.3
                         Vancouver East                                        $845,771    2.4%  $855,121  286.5 14.2    45.9   42.6  185.0
                         Vancouver West                                       $1,990,958   4.2% $2,006,529 330.4 20.7    70.9   81.2  231.7
                         West Vancouver                                       $1,689,043   5.6% $1,714,376 248.8 15.8    44.5   39.3  173.7
Attached                 Greater Vancouver                                     $511,499    1.2%  $513,971  248.1  4.2    20.8   24.7  139.8
                         Burnaby                                               $497,773    1.9%  $500,090  249.4  0.7    20.9   27.8  144.7
                         Coquitlam                                             $458,610    4.1%  $462,811  247.4  9.5    20.0   20.8  125.0
                         South Delta                                           $454,599    6.1%  $473,670  243.4 -5.6    14.5   19.9  142.8
                         Maple Ridge & Pitt Meadows                            $310,942    3.2%  $306,752  215.7  4.2     3.5    8.9  112.7
                         North Vancouver                                       $615,615    3.9%  $640,377  240.9  3.4    21.6   15.7  133.5
                         Port Coquitlam                                        $397,073    3.1%  $405,795  218.3  0.3    11.6   11.0  111.8
                         Port Moody                                            $411,233    4.5%  $409,474  245.4  0.2     9.7    9.9  142.9
                         Richmond                                              $544,594    2.2%  $545,110  262.6  4.8    28.2   39.6  150.9
                         Vancouver East                                        $556,222    4.7%  $556,018  260.1  6.6    19.9   25.5  149.9
                         Vancouver West                                        $833,361    4.4%  $826,838  297.4  8.6    36.7   35.4  185.5
Apartment                Greater Vancouver                                     $401,396    0.7%  $401,261  261.1  3.7    20.4   21.7  152.4
                         Burnaby                                               $361,661    1.4%  $366,024  270.3  2.5    21.9   23.9  162.5
                         Coquitlam                                             $286,714    2.2%  $294,547  244.5 -1.9    17.8   12.7  134.4
                         South Delta                                           $369,287    5.8%  $380,733  240.5  5.6    14.0   25.9  132.5
                         Maple Ridge & Pitt Meadows                            $229,512    3.4%  $232,185  243.7 -1.0     4.1   -3.9  105.4
                         New Westminster                                       $306,313    2.1%  $305,221  248.8  3.7    18.1   19.6  145.2
                         North Vancouver                                       $387,754    2.5%  $384,273  246.7  4.8    16.4   12.2  154.6
                         Port Coquitlam                                        $242,141    3.0%  $243,722  283.6 -3.9     9.0    9.6  179.4
                         Port Moody                                            $313,607    3.2%  $309,936  267.6  6.6    12.4   17.4  156.1
                         Richmond                                              $352,290    1.7%  $354,754  286.3  1.7    26.2   28.8  179.1
                         Vancouver East                                        $349,640    2.7%  $342,143  286.2  7.5    21.5   30.3  175.3
                         Vancouver West                                        $519,474    1.4%  $516,292  264.2  4.6    22.4   23.0  151.3
                         West Vancouver                                        $653,804   10.4%  $676,450  234.6 11.3    13.6   21.4  126.6

HOW TO READ THE TABLE:
BENCHMARK PRICE: Estimated sale price of a benchmark property. Benchmarks represent a typical property within each market.
PRICE RANGE: Expresed as a + or - percentage of the benchmark price, there is a 90% probability the sale price of a benchmark house is within the interval.
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.
In Year 2001, the indexes are averaged to 100
Key: * = Sales sample too small; Price information not reported.
Dec 2011
                                                                                                                                                                Aug 2011
                                                                                                                                                                Apr 2011
                                                                                                                                                                Dec 2010
                                                                                                                                                                Aug 2010
                                                                                                                                                                Apr 2010
                                                                                                                                                                Dec 2009
Price Index - Greater Vancouver




                                                                                                                                                                Aug 2009
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C:DATAMonthEndHpiexporthi_resgv-hpi2.tif Housing




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                                                                     Year 2001 average = 100




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                                                                                                                       Price Index
12               18      2011                                                                                            MLS® SALES Facts
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                                                                    Delta -
                                                                                      Islands
                            Detached       65         84             18                 0                 72                         6                  53                  16                  14                       62            12           23                 95                  62                   38                       10                   630
                  Number
                    of      Attached       40         21              7                 0                 21                         6                  17                  16                  18                       41            7            1                  15                  31                    0                       13                   254
  December         Sales    Apartment     104         44              9                 0                 37                        62                  62                  18                  18                       75            6            2                  51                 262                   11                       13                   774
    2011                    Detached    $895,000   $719,900          n/a               n/a             $490,000                     n/a              $982,000               n/a                 n/a                   $965,000         n/a       $370,000           $823,500           $2,075,000           $1,600,000                   n/a
                  Median
                  Selling   Attached    $478,950   $485,000          n/a               n/a             $286,000                     n/a                 n/a                 n/a                 n/a                   $499,000         n/a          n/a                n/a             $750,000                 n/a                      n/a                  n/a
                   Price    Apartment   $322,175   $329,000          n/a               n/a             $205,900                $295,000              $380,000               n/a                 n/a                   $346,000         n/a          n/a             $320,500           $474,000                 n/a                      n/a
                            Detached       84         89             26                 2                 93                        20                  76                  39                  18                      101            20           34                112                 121                   66                       15                   916
                  Number
                    of      Attached       82         32              5                 0                 40                         9                  45                  17                  27                       76            6            3                  30                  48                    8                       16                   444
  November         Sales    Apartment     120         55              8                 0                 38                        63                  80                  23                  23                       95            3            1                 101                 360                   14                       16                  1,000
    2011                    Detached    $895,000   $700,000       $650,000             n/a             $470,900                $712,000              $962,000            $583,000               n/a                   $948,500      $536,000     $369,250           $851,000           $2,155,500           $1,822,500                   n/a
                  Median
                  Selling   Attached    $470,000   $533,000          n/a               n/a             $291,298                     n/a              $671,200               n/a              $426,000                 $530,000         n/a          n/a             $585,000           $778,500                 n/a                      n/a                  n/a
                   Price    Apartment   $355,000   $319,000          n/a               n/a             $248,250                $301,000              $349,858            $220,000            $322,500                 $336,500         n/a          n/a             $320,000           $465,000                 n/a                      n/a
                            Detached       74         61             24                 0                 64                        25                  49                  29                  17                      130            11           32                 85                 116                   50                        2                   769
                  Number
                    of      Attached       49         31              2                 0                 29                         0                  14                  26                  14                       72            2            4                  14                  46                    2                       14                   319
  December         Sales    Apartment     110         48              7                 0                 20                        61                  46                  14                  14                      136            4            1                  59                 269                   12                       10                   811
    2010                    Detached    $789,750   $670,000       $620,000             n/a             $444,875                $635,000              $823,000            $472,000               n/a                   $940,000         n/a       $408,250           $745,000           $1,850,000           $1,575,000                   n/a
                  Median
                  Selling   Attached    $457,500   $350,500          n/a               n/a             $290,000                     n/a                 n/a              $355,500               n/a                   $528,500         n/a          n/a                n/a             $795,900                 n/a                      n/a                  n/a
                   Price    Apartment   $348,000   $277,500          n/a               n/a             $219,500                $316,000              $378,500               n/a                 n/a                   $338,400         n/a          n/a             $342,000           $457,943                 n/a                      n/a
                            Detached     1,282      1,339           592                34               1,148                       329               1,191                453                 234                     1,707          188          451               1,819               1,986                1,163                     113                  14,029
                  Number
                    of      Attached      861        523             87                 1                485                        132                386                 237                 246                     1,013           90           41                411                 733                   60                      167                  5,473
    Jan. -         Sales    Apartment    1,827       714            149                 0                313                        886                895                 294                 279                     1,542           40           53               1,156               4,421                 209                      107                  12,885
  Dec. 2011                 Detached    $898,000   $709,000       $660,000          $595,000           $481,759                $630,000              $930,000            $542,650            $786,250                 $990,000      $490,000     $392,000           $825,000           $2,075,000           $1,780,000                $845,000
                  Median
                  Selling   Attached    $488,500   $456,000       $436,000             n/a             $304,000                $410,750              $635,000            $390,000            $427,000                 $540,650      $353,710     $272,500           $600,000           $860,000             $1,119,500                $555,000                n/a
Year-to-date       Price    Apartment   $352,750   $294,500       $336,000             n/a             $215,000                $301,000              $365,000            $240,000            $335,000                 $350,400      $239,500     $300,000           $342,500           $485,000             $730,000                  $235,000
                            Detached     1,078      1,039           472                31               1,103                       325                944                 428                 230                     1,726          172          505               1,628               1,767                 715                       88                  12,251
                  Number
                    of      Attached      781        398             85                 0                438                        89                 347                 261                 202                     1,133          101           62                436                 700                   79                      145                  5,257
    Jan. -         Sales    Apartment    1,770       688            176                 0                260                        850                862                 310                 294                     1,863           66           44               1,195               4,456                 170                       83                  13,087
  Dec. 2010                 Detached    $778,000   $653,000       $633,500          $417,000           $482,000                $592,500              $870,000            $525,000            $765,500                 $840,000      $496,750     $412,500           $743,000           $1,693,500           $1,485,000                $834,500
                  Median
                  Selling   Attached    $473,000   $457,450       $420,000             n/a             $302,576                $413,000              $581,000            $373,500            $449,950                 $495,000      $365,000     $272,500           $563,000           $774,279             $998,000                  $515,000                n/a
 Year-to-date      Price    Apartment   $345,000   $275,000       $326,500             n/a             $231,000                $292,000              $375,000            $235,000            $345,000                 $335,800      $257,250     $226,000           $327,250           $462,000             $687,500                  $305,000


Note: Median Selling Prices are not reported for areas with less than 20 sales or for the Gulf Islands
12               18       2011                                                                      MLS® LISTINGS Facts
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                                                                 Delta -
                                                                                 Islands
                              Detached     66       62            17               6               55                          10                32                 16                11                     85           12         25                75                89                 35                      26                   622
                  Number
                     of       Attached     38       20             3               0               15                           2                10                 12                 9                     55           8           4                 6                26                   5                     24                   237
  December        Listings    Apartment   103       54            10               0               18                          58                49                 22                10                    102           10         12                62               218                   8                     34                   770
    2011                      Detached    98%      135%          106%            0%               131%                        60%               166%               100%              127%                   73%          100%       92%               127%              70%                109%                    38%
                 % Sales to
                              Attached    105%     105%          233%            n/a              140%                        300%              170%               133%              200%                   75%          88%        25%               250%              119%                0%                     54%                   n/a
                  Listings
                              Apartment   101%     81%           90%             n/a              206%                        107%              127%               82%               180%                   74%          60%        17%               82%               120%               138%                    38%
                              Detached    103      124            26               8              125                          23                74                 38                29                    155           26         59               152               164                 93                      28                  1,227
                  Number
                     of       Attached     80       48             5               1               36                           8                24                 26                22                    104           19          2                43                89                   4                     34                   545
  November        Listings    Apartment   184       99            14               0               75                          77                89                 25                33                    178           7           6               115               496                 18                      34                  1,450
    2011                      Detached    82%      72%           100%            25%              74%                         87%               103%               103%              62%                    65%          77%        58%               74%               74%                71%                     54%
                 % Sales to
                              Attached    103%     67%           100%            0%               111%                        113%              188%               65%               123%                   73%          32%        150%              70%               54%                200%                    47%                   n/a
                  Listings
                              Apartment   65%      56%           57%             n/a              51%                         82%               90%                92%               70%                    53%          43%        17%               88%               73%                78%                     47%
                              Detached     46       71            26               6               70                          14                22                 22                 6                    111           11         38                75                81                 35                      17                   651
                  Number
                     of       Attached     33       28             2               1               21                           6                14                 22                 9                     39           10          6                12                35                   2                     35                   275
  December        Listings    Apartment   101       44             5               0               17                          72                56                 16                20                    135           4           1                53               214                   4                     31                   773
    2010                      Detached    161%     86%           92%             0%               91%                         179%              223%               132%              283%                   117%         100%       84%               113%              143%               143%                    12%
                 % Sales to
                              Attached    148%     111%          100%            0%               138%                         0%               100%               118%              156%                   185%         20%        67%               117%              131%               100%                    40%                   n/a
                  Listings
                              Apartment   109%     109%          140%            n/a              118%                        85%               82%                88%               70%                    101%         100%       100%              111%              126%               300%                    32%
                              Detached    2,075    2,195         852             160              2,259                       476               1,799              706               466                    3,688        459        1,187             2,899             3,589              1,975                   340                  25,125
                  Number
                     of       Attached    1,399    844           128               4              746                         202               595                390               404                    1,924        206         92               657               1,340              120                     474                  9,525
    Jan. -        Listings    Apartment   3,158    1,517         254              10              658                         1,549             1,712              707               603                    3,110        245        181               2,095             8,302              368                     420                  24,889
  Dec. 2011                   Detached    62%      61%           69%             21%              51%                         69%               66%                64%               50%                    46%          41%        38%               63%               55%                59%                     33%
                 % Sales to
                              Attached    62%      62%           68%             25%              65%                         65%               65%                61%               61%                    53%          44%        45%               63%               55%                50%                     35%                   n/a
                  Listings
 Year-to-date*                Apartment   58%      47%           59%             0%               48%                         57%               52%                42%               46%                    50%          16%        29%               55%               53%                57%                     25%
                              Detached    1,960    2,048         834             179              2,267                       535               1,697              790               462                    2,867        431        1,269             2,870             3,005              1,537                   348                  23,099
                  Number
                     of       Attached    1,314    753           143              20              783                         122               636                445               369                    1,698        234        120               737               1,411              148                     408                  9,341
    Jan. -        Listings    Apartment   3,252    1,469         267               3              666                         1,635             1,758              672               693                    3,219        185         94               2,121             8,783              375                     377                  25,569
  Dec. 2010                   Detached    55%      51%           57%             17%              49%                         61%               56%                54%               50%                    60%          40%        40%               57%               59%                47%                     25%
                 % Sales to
                              Attached    59%      53%           59%             0%               56%                         73%               55%                59%               55%                    67%          43%        52%               59%               50%                53%                     36%                   n/a
                  Listings
 Year-to-date*                Apartment   54%      47%           66%             0%               39%                         52%               49%                46%               42%                    58%          36%        47%               56%               51%                45%                     22%


* Year-to-date listings represent a cumulative total of listings rather than total active listings.
Listing & Sales Activity Summary

                                        Listings                                           Sales
                              1         2       3        Col. 2 & 3     5      6      7     Col. 6 & 7       9           10        Col. 9 & 10
                            Dec       Nov     Dec       Percentage    Dec    Nov    Dec    Percentage    Oct 2010 -   Oct 2011 -   Percentage
                            2010      2011    2011       Variance     2010   2011   2011    Variance     Dec 2010     Dec 2011      Variance


BURNABY                                                      %                                  %                                       %
DETACHED                      46       103      66         -35.9        74     84     65      -22.6          241          242           0.4
ATTACHED                      33        80      38         -52.5        49     82     40      -51.2          161          183          13.7
APARTMENTS                   101       184     103         -44.0       110    120    104      -13.3          382          346          -9.4

COQUITLAM
DETACHED                      71       124         62      -50.0        61     89     84       -5.6          238          258           8.4
ATTACHED                      28        48         20      -58.3        31     32     21      -34.4           88           83          -5.7
APARTMENTS                    44        99         54      -45.5        48     55     44      -20.0          157          156          -0.6

DELTA
DETACHED                      26        26         17      -34.6        24     26     18      -30.8           98           79         -19.4
ATTACHED                       2         5          3      -40.0         2      5      7       40.0           13           18          38.5
APARTMENTS                     5        14         10      -28.6         7      8      9       12.5           45           30         -33.3

MAPLE RIDGE/PITT MEADOWS
DETACHED                      70       125         55      -56.0        64     93     72      -22.6          223          250          12.1
ATTACHED                      21        36         15      -58.3        29     40     21      -47.5           89           97           9.0
APARTMENTS                    17        75         18      -76.0        20     38     37       -2.6           54           93          72.2

NORTH VANCOUVER
DETACHED                      22        74         32      -56.8        49     76     53      -30.3          209          221           5.7
ATTACHED                      14        24         10      -58.3        14     45     17      -62.2           57           87          52.6
APARTMENTS                    56        89         49      -44.9        46     80     62      -22.5          197          228          15.7

NEW WESTMINSTER
DETACHED                      14        23         10      -56.5        25     20      6      -70.0           90           55         -38.9
ATTACHED                       6         8          2      -75.0         0      9      6      -33.3           13           22          69.2
APARTMENTS                    72        77         58      -24.7        61     63     62       -1.6          189          192           1.6

PORT MOODY/BELCARRA
DETACHED                       6        29         11      -62.1        17     18     14      -22.2           54           50          -7.4
ATTACHED                       9        22          9      -59.1        14     27     18      -33.3           40           71          77.5
APARTMENTS                    20        33         10      -69.7        14     23     18      -21.7           65           62          -4.6

PORT COQUITLAM
DETACHED                      22        38         16      -57.9        29     39     16      -59.0           88           90           2.3
ATTACHED                      22        26         12      -53.8        26     17     16       -5.9           73           52         -28.8
APARTMENTS                    16        25         22      -12.0        14     23     18      -21.7           56           65          16.1

RICHMOND
DETACHED                     111       155      85         -45.2       130    101     62      -38.6          423          269         -36.4
ATTACHED                      39       104      55         -47.1        72     76     41      -46.1          238          180         -24.4
APARTMENTS                   135       178     102         -42.7       136     95     75      -21.1          419          264         -37.0

SUNSHINE COAST
DETACHED                      38        59         25      -57.6        32     34     23      -32.4          110           89         -19.1
ATTACHED                       6         2          4      100.0         4      3      1      -66.7           17            4         -76.5
APARTMENTS                     1         6         12      100.0         1      1      2      100.0            6            8          33.3

SQUAMISH
DETACHED                      11        26         12      -53.8        11     20     12      -40.0           37           48          29.7
ATTACHED                      10        19          8      -57.9         2      6      7       16.7           16           19          18.8
APARTMENTS                     4         7         10       42.9         4      3      6      100.0           15           10         -33.3

VANCOUVER EAST
DETACHED                      75       152         75      -50.7        85    112     95      -15.2          342          333          -2.6
ATTACHED                      12        43          6      -86.0        14     30     15      -50.0           86           82          -4.7
APARTMENTS                    53       115         62      -46.1        59    101     51      -49.5          233          251           7.7

VANCOUVER WEST
DETACHED                      81       164      89         -45.7       116    121     62      -48.8          438          303         -30.8
ATTACHED                      35        89      26         -70.8        46     48     31      -35.4          153          124         -19.0
APARTMENTS                   214       496     218         -56.0       269    360    262      -27.2          958          949          -0.9

WHISTLER
DETACHED                      17        28         26       -7.1         2     15     10      -33.3           20           31          55.0
ATTACHED                      35        34         24      -29.4        14     16     13      -18.8           39           46          17.9
APARTMENTS                    31        34         34        0.0        10     16     13      -18.8           27           40          48.1

WEST VANCOUVER/HOWE SOUND
DETACHED                      35        93         35      -62.4        50     66     38      -42.4          178          194           9.0
ATTACHED                       2         4          5       25.0         2      8      0     -100.0           20           12         -40.0
APARTMENTS                     4        18          8      -55.6        12     14     11      -21.4           44           38         -13.6

GRAND TOTALS
DETACHED                    645      1219     616        -49.5        769     914   630     -31.1         2789         2512           -9.9
ATTACHED                    274       544     237        -56.4        319     444   254     -42.8         1103         1080           -2.1
APARTMENTS                  773      1450     770        -46.9        811    1000   774     -22.6         2847         2732           -4.0
Residential Average Sale Prices - January 1977 to December 2011
                                                DETACHED                 CONDOMINIUM                  ATTACHED                 APARTMENTS
  IN THOUSANDS ($)


1400


                                                                                                                                                                         $1,064,249


1200




1000




800



                                                                                                                                                                           $511,948


600




400
                                                                                                                                                                           $443,652




200




  0
       1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011


       NOTE: From 1977 - 1984 condominium averages were not separated into attached & apartment.

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REBGV Stats for December 2011 Courtesy Mike Stewart Vancouver Realtor

  • 1. News Release FOR IMMEDIATE RELEASE Balanced real estate market prevailed through much of 2011 VANCOUVER, B.C. – January 4, 2012 – The 2011 Greater Vancouver housing market began with heightened demand in regional hot spots and concluded with greater balance between seller supply and buyer demand. The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment prop- erties in 2011 reached 32,390, a 5.9 per cent increase from the 30,595 sales recorded in 2010, and a 9.2 per cent decrease from the 35,669 residential sales in 2009. Last year’s home sale total was 6.3 per cent below the ten-year average for annual Multiple Listing Service® (MLS®) sales in the region. The number of residential properties listed for sale on the MLS® in Greater Vancouver increased 2.7 per cent in 2011 to 59,549 compared to the 58,009 properties listed in 2010. Looking back further, last year’s total represents a 12.8 per cent increase compared to the 52,869 residential properties listed in 2009. Last year’s listing total was 11.1 per cent above the ten- year average for annual Multiple Listing Service® (MLS®) property listings in the region. “It was a relatively balanced year for the real estate market in Greater Vancouver with listing totals slightly above historical norms and sale numbers slightly below,” Rosario Setticasi, REBGV president said. Residential property sales in Greater Vancouver totalled 1,658 in December 2011, a decrease of 12.7 per cent from the 1,899 sales recorded in December 2010 and a 29.7 per cent decline compared to November 2011 when 2,360 home sales occurred. More broadly, last month’s residential sales represent a 34.1 per cent decrease over the 2,515 residential sales in December 2009, a 79.4 per cent increase compared to December 2008’s 924 sales, and a 12.6 per cent decrease compared to the 1,897 sales in December 2007. The overall residential benchmark price, as calculated by the MLSLink Housing Price Index®, for Greater Vancouver increased 7.6 per cent to $621,674 between Decembers 2010 and 2011. However, prices have decreased 1.5 per cent since hitting a peak of $630,921 in June 2011. “Our market remained in a balanced state for most of the year, although higher levels of demand for detached properties in the region’s largest communities caused prices in certain areas to rise higher than others,” Setticasi said. “For example, the benchmark price of a single-family detached home experienced double-digit increases in nine areas within the region over the last 12 months.” New listings for detached, attached and apartment properties in Greater Vancouver totalled 1,629 in December 2011. This represents a 4.1 per cent decline compared to the 1,699 units listed in December 2010 and a 49.4 per cent decline compared to November 2011 when 3,222 properties were listed. Sales of detached properties in December 2011 reached 630, a decrease of 18.1 per cent from the 769 detached sales re- corded in December 2010, and a 30.2 per cent decrease from the 902 units sold in December 2009. The benchmark price for detached properties increased 11.2 per cent from December 2010 to $887,471. Sales of apartment properties reached 774 in December 2011, a decline of 4.6 per cent compared to the 811 sales in December 2010, and a decrease of 32.9 per cent compared to the 1,154 sales in December 2009.The benchmark price of an apartment property increased 3.7 per cent from December 2010 to $401,396. Attached property sales in December 2011 totalled 254, a decline of 20.4 per cent compared to the 319 sales in December 2010, and a 44.7 per cent decrease from the 459 attached properties sold in December 2009. The benchmark price of an at- tached unit increased 4.2 per cent between December 2010 and 2011 to $511,499. -30- The real estate industry is a key economic driver in British Columbia. In 2010, 30,595 homes changed ownership in the Board's area, generating $1.28 billion in spin-off activity and 8,567 jobs. The total dollar value of residential sales transacted through the MLS® system in Greater Vancou- ver totalled $21 billion in 2010. The Real Estate Board of Greater Vancouver is an association representing more than 10,000 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, Assistant Manager, Communications Real Estate Board of Greater Vancouver Phone: (604) 730-3146 Fax: (604) 730-3102 E-mail: cmunn@rebgv.org also available at  www.realtylink.org
  • 2. Preliminary Report MLSLINK HOUSING PRICE INDEX December 2011 PROPERTY BENCHMARK PRICE 3 MONTH AVG PRICE 1 YEAR 3 YEAR 5 YEAR 10 YEAR TYPE AREA PRICE RANGE BENCHMARK INDEX CHANGE CHANGE CHANGE CHANGE (+/-) PRICE % % % % Residential Greater Vancouver $621,674 0.8% $622,239 262.6 7.6 28.4 29.9 155.9 Detached Greater Vancouver $887,471 1.6% $887,485 262.1 11.2 36.9 37.9 159.8 Burnaby $926,663 2.7% $911,835 272.8 14.4 44.5 40.3 164.3 Coquitlam $674,792 5.4% $691,187 237.4 1.8 15.9 19.1 130.9 South Delta $724,903 6.0% $715,306 236.9 13.1 27.7 25.7 136.7 Maple Ridge $464,849 3.7% $452,675 212.1 8.2 17.7 11.4 104.8 New Westminster $607,819 11.3% $649,694 250.5 1.4 21.8 23.5 142.8 North Vancouver $977,579 3.1% $972,040 244.2 13.3 34.2 32.5 140.1 Pitt Meadows $504,142 11.0% $519,462 206.9 0.1 14.7 11.0 103.8 Port Coquitlam $555,876 9.8% $552,713 234.9 -1.9 5.9 18.0 121.7 Port Moody $933,068 11.3% $811,952 280.5 34.0 69.6 37.3 183.4 Richmond $1,073,864 3.4% $1,070,170 317.0 11.0 56.2 68.2 203.6 Squamish $457,658 15.4% $487,466 173.8 -7.3 -11.6 9.3 55.8 Sunshine Coast $412,020 8.2% $398,976 234.4 5.6 4.3 4.5 123.3 Vancouver East $845,771 2.4% $855,121 286.5 14.2 45.9 42.6 185.0 Vancouver West $1,990,958 4.2% $2,006,529 330.4 20.7 70.9 81.2 231.7 West Vancouver $1,689,043 5.6% $1,714,376 248.8 15.8 44.5 39.3 173.7 Attached Greater Vancouver $511,499 1.2% $513,971 248.1 4.2 20.8 24.7 139.8 Burnaby $497,773 1.9% $500,090 249.4 0.7 20.9 27.8 144.7 Coquitlam $458,610 4.1% $462,811 247.4 9.5 20.0 20.8 125.0 South Delta $454,599 6.1% $473,670 243.4 -5.6 14.5 19.9 142.8 Maple Ridge & Pitt Meadows $310,942 3.2% $306,752 215.7 4.2 3.5 8.9 112.7 North Vancouver $615,615 3.9% $640,377 240.9 3.4 21.6 15.7 133.5 Port Coquitlam $397,073 3.1% $405,795 218.3 0.3 11.6 11.0 111.8 Port Moody $411,233 4.5% $409,474 245.4 0.2 9.7 9.9 142.9 Richmond $544,594 2.2% $545,110 262.6 4.8 28.2 39.6 150.9 Vancouver East $556,222 4.7% $556,018 260.1 6.6 19.9 25.5 149.9 Vancouver West $833,361 4.4% $826,838 297.4 8.6 36.7 35.4 185.5 Apartment Greater Vancouver $401,396 0.7% $401,261 261.1 3.7 20.4 21.7 152.4 Burnaby $361,661 1.4% $366,024 270.3 2.5 21.9 23.9 162.5 Coquitlam $286,714 2.2% $294,547 244.5 -1.9 17.8 12.7 134.4 South Delta $369,287 5.8% $380,733 240.5 5.6 14.0 25.9 132.5 Maple Ridge & Pitt Meadows $229,512 3.4% $232,185 243.7 -1.0 4.1 -3.9 105.4 New Westminster $306,313 2.1% $305,221 248.8 3.7 18.1 19.6 145.2 North Vancouver $387,754 2.5% $384,273 246.7 4.8 16.4 12.2 154.6 Port Coquitlam $242,141 3.0% $243,722 283.6 -3.9 9.0 9.6 179.4 Port Moody $313,607 3.2% $309,936 267.6 6.6 12.4 17.4 156.1 Richmond $352,290 1.7% $354,754 286.3 1.7 26.2 28.8 179.1 Vancouver East $349,640 2.7% $342,143 286.2 7.5 21.5 30.3 175.3 Vancouver West $519,474 1.4% $516,292 264.2 4.6 22.4 23.0 151.3 West Vancouver $653,804 10.4% $676,450 234.6 11.3 13.6 21.4 126.6 HOW TO READ THE TABLE: BENCHMARK PRICE: Estimated sale price of a benchmark property. Benchmarks represent a typical property within each market. PRICE RANGE: Expresed as a + or - percentage of the benchmark price, there is a 90% probability the sale price of a benchmark house is within the interval. 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. In Year 2001, the indexes are averaged to 100 Key: * = Sales sample too small; Price information not reported.
  • 3. Dec 2011 Aug 2011 Apr 2011 Dec 2010 Aug 2010 Apr 2010 Dec 2009 Price Index - Greater Vancouver Aug 2009 Apr 2009 Dec 2008 Apartment Aug 2008 Apr 2008 Dec 2007 Aug 2007 10 Year Trend Apr 2007 Attached Dec 2006 Aug 2006 Apr 2006 Dec 2005 Detached Aug 2005 C:DATAMonthEndHpiexporthi_resgv-hpi2.tif Housing Apr 2005 Dec 2004 Aug 2004 MLS® Apr 2004 Dec 2003 Aug 2003 Apr 2003 Year 2001 average = 100 Dec 2002 Aug 2002 Apr 2002 Dec 2001 80 280 260 240 220 200 180 160 140 120 100 Price Index
  • 4. 12 18 2011 MLS® SALES Facts Sound dows owe er itt Mea st elcarra est m ast ast berton uver ouver/H December y - Gulf ish estmin lam Ridge/P oody/B ond ine Co South oquitla uver E uver W Vanco er/Pem 2011 t Vanc Burnab Vanco Vanco Wes Coquit Maple New W North Port C Port M Richm Squam Sunsh Whistl Delta - Islands Detached 65 84 18 0 72 6 53 16 14 62 12 23 95 62 38 10 630 Number of Attached 40 21 7 0 21 6 17 16 18 41 7 1 15 31 0 13 254 December Sales Apartment 104 44 9 0 37 62 62 18 18 75 6 2 51 262 11 13 774 2011 Detached $895,000 $719,900 n/a n/a $490,000 n/a $982,000 n/a n/a $965,000 n/a $370,000 $823,500 $2,075,000 $1,600,000 n/a Median Selling Attached $478,950 $485,000 n/a n/a $286,000 n/a n/a n/a n/a $499,000 n/a n/a n/a $750,000 n/a n/a n/a Price Apartment $322,175 $329,000 n/a n/a $205,900 $295,000 $380,000 n/a n/a $346,000 n/a n/a $320,500 $474,000 n/a n/a Detached 84 89 26 2 93 20 76 39 18 101 20 34 112 121 66 15 916 Number of Attached 82 32 5 0 40 9 45 17 27 76 6 3 30 48 8 16 444 November Sales Apartment 120 55 8 0 38 63 80 23 23 95 3 1 101 360 14 16 1,000 2011 Detached $895,000 $700,000 $650,000 n/a $470,900 $712,000 $962,000 $583,000 n/a $948,500 $536,000 $369,250 $851,000 $2,155,500 $1,822,500 n/a Median Selling Attached $470,000 $533,000 n/a n/a $291,298 n/a $671,200 n/a $426,000 $530,000 n/a n/a $585,000 $778,500 n/a n/a n/a Price Apartment $355,000 $319,000 n/a n/a $248,250 $301,000 $349,858 $220,000 $322,500 $336,500 n/a n/a $320,000 $465,000 n/a n/a Detached 74 61 24 0 64 25 49 29 17 130 11 32 85 116 50 2 769 Number of Attached 49 31 2 0 29 0 14 26 14 72 2 4 14 46 2 14 319 December Sales Apartment 110 48 7 0 20 61 46 14 14 136 4 1 59 269 12 10 811 2010 Detached $789,750 $670,000 $620,000 n/a $444,875 $635,000 $823,000 $472,000 n/a $940,000 n/a $408,250 $745,000 $1,850,000 $1,575,000 n/a Median Selling Attached $457,500 $350,500 n/a n/a $290,000 n/a n/a $355,500 n/a $528,500 n/a n/a n/a $795,900 n/a n/a n/a Price Apartment $348,000 $277,500 n/a n/a $219,500 $316,000 $378,500 n/a n/a $338,400 n/a n/a $342,000 $457,943 n/a n/a Detached 1,282 1,339 592 34 1,148 329 1,191 453 234 1,707 188 451 1,819 1,986 1,163 113 14,029 Number of Attached 861 523 87 1 485 132 386 237 246 1,013 90 41 411 733 60 167 5,473 Jan. - Sales Apartment 1,827 714 149 0 313 886 895 294 279 1,542 40 53 1,156 4,421 209 107 12,885 Dec. 2011 Detached $898,000 $709,000 $660,000 $595,000 $481,759 $630,000 $930,000 $542,650 $786,250 $990,000 $490,000 $392,000 $825,000 $2,075,000 $1,780,000 $845,000 Median Selling Attached $488,500 $456,000 $436,000 n/a $304,000 $410,750 $635,000 $390,000 $427,000 $540,650 $353,710 $272,500 $600,000 $860,000 $1,119,500 $555,000 n/a Year-to-date Price Apartment $352,750 $294,500 $336,000 n/a $215,000 $301,000 $365,000 $240,000 $335,000 $350,400 $239,500 $300,000 $342,500 $485,000 $730,000 $235,000 Detached 1,078 1,039 472 31 1,103 325 944 428 230 1,726 172 505 1,628 1,767 715 88 12,251 Number of Attached 781 398 85 0 438 89 347 261 202 1,133 101 62 436 700 79 145 5,257 Jan. - Sales Apartment 1,770 688 176 0 260 850 862 310 294 1,863 66 44 1,195 4,456 170 83 13,087 Dec. 2010 Detached $778,000 $653,000 $633,500 $417,000 $482,000 $592,500 $870,000 $525,000 $765,500 $840,000 $496,750 $412,500 $743,000 $1,693,500 $1,485,000 $834,500 Median Selling Attached $473,000 $457,450 $420,000 n/a $302,576 $413,000 $581,000 $373,500 $449,950 $495,000 $365,000 $272,500 $563,000 $774,279 $998,000 $515,000 n/a Year-to-date Price Apartment $345,000 $275,000 $326,500 n/a $231,000 $292,000 $375,000 $235,000 $345,000 $335,800 $257,250 $226,000 $327,250 $462,000 $687,500 $305,000 Note: Median Selling Prices are not reported for areas with less than 20 sales or for the Gulf Islands
  • 5. 12 18 2011 MLS® LISTINGS Facts Sound dows owe er itt Mea st elcarra est m ast ast berton uver ouver/H December y - Gulf ish estmin lam Ridge/P oody/B ond ine Co South oquitla uver E uver W Vanco er/Pem 2011 t Vanc Burnab Vanco Vanco Wes Coquit Maple New W North Port C Port M Richm Squam Sunsh Whistl Delta - Islands Detached 66 62 17 6 55 10 32 16 11 85 12 25 75 89 35 26 622 Number of Attached 38 20 3 0 15 2 10 12 9 55 8 4 6 26 5 24 237 December Listings Apartment 103 54 10 0 18 58 49 22 10 102 10 12 62 218 8 34 770 2011 Detached 98% 135% 106% 0% 131% 60% 166% 100% 127% 73% 100% 92% 127% 70% 109% 38% % Sales to Attached 105% 105% 233% n/a 140% 300% 170% 133% 200% 75% 88% 25% 250% 119% 0% 54% n/a Listings Apartment 101% 81% 90% n/a 206% 107% 127% 82% 180% 74% 60% 17% 82% 120% 138% 38% Detached 103 124 26 8 125 23 74 38 29 155 26 59 152 164 93 28 1,227 Number of Attached 80 48 5 1 36 8 24 26 22 104 19 2 43 89 4 34 545 November Listings Apartment 184 99 14 0 75 77 89 25 33 178 7 6 115 496 18 34 1,450 2011 Detached 82% 72% 100% 25% 74% 87% 103% 103% 62% 65% 77% 58% 74% 74% 71% 54% % Sales to Attached 103% 67% 100% 0% 111% 113% 188% 65% 123% 73% 32% 150% 70% 54% 200% 47% n/a Listings Apartment 65% 56% 57% n/a 51% 82% 90% 92% 70% 53% 43% 17% 88% 73% 78% 47% Detached 46 71 26 6 70 14 22 22 6 111 11 38 75 81 35 17 651 Number of Attached 33 28 2 1 21 6 14 22 9 39 10 6 12 35 2 35 275 December Listings Apartment 101 44 5 0 17 72 56 16 20 135 4 1 53 214 4 31 773 2010 Detached 161% 86% 92% 0% 91% 179% 223% 132% 283% 117% 100% 84% 113% 143% 143% 12% % Sales to Attached 148% 111% 100% 0% 138% 0% 100% 118% 156% 185% 20% 67% 117% 131% 100% 40% n/a Listings Apartment 109% 109% 140% n/a 118% 85% 82% 88% 70% 101% 100% 100% 111% 126% 300% 32% Detached 2,075 2,195 852 160 2,259 476 1,799 706 466 3,688 459 1,187 2,899 3,589 1,975 340 25,125 Number of Attached 1,399 844 128 4 746 202 595 390 404 1,924 206 92 657 1,340 120 474 9,525 Jan. - Listings Apartment 3,158 1,517 254 10 658 1,549 1,712 707 603 3,110 245 181 2,095 8,302 368 420 24,889 Dec. 2011 Detached 62% 61% 69% 21% 51% 69% 66% 64% 50% 46% 41% 38% 63% 55% 59% 33% % Sales to Attached 62% 62% 68% 25% 65% 65% 65% 61% 61% 53% 44% 45% 63% 55% 50% 35% n/a Listings Year-to-date* Apartment 58% 47% 59% 0% 48% 57% 52% 42% 46% 50% 16% 29% 55% 53% 57% 25% Detached 1,960 2,048 834 179 2,267 535 1,697 790 462 2,867 431 1,269 2,870 3,005 1,537 348 23,099 Number of Attached 1,314 753 143 20 783 122 636 445 369 1,698 234 120 737 1,411 148 408 9,341 Jan. - Listings Apartment 3,252 1,469 267 3 666 1,635 1,758 672 693 3,219 185 94 2,121 8,783 375 377 25,569 Dec. 2010 Detached 55% 51% 57% 17% 49% 61% 56% 54% 50% 60% 40% 40% 57% 59% 47% 25% % Sales to Attached 59% 53% 59% 0% 56% 73% 55% 59% 55% 67% 43% 52% 59% 50% 53% 36% n/a Listings Year-to-date* Apartment 54% 47% 66% 0% 39% 52% 49% 46% 42% 58% 36% 47% 56% 51% 45% 22% * Year-to-date listings represent a cumulative total of listings rather than total active listings.
  • 6. Listing & Sales Activity Summary Listings Sales 1 2 3 Col. 2 & 3 5 6 7 Col. 6 & 7 9 10 Col. 9 & 10 Dec Nov Dec Percentage Dec Nov Dec Percentage Oct 2010 - Oct 2011 - Percentage 2010 2011 2011 Variance 2010 2011 2011 Variance Dec 2010 Dec 2011 Variance BURNABY % % % DETACHED 46 103 66 -35.9 74 84 65 -22.6 241 242 0.4 ATTACHED 33 80 38 -52.5 49 82 40 -51.2 161 183 13.7 APARTMENTS 101 184 103 -44.0 110 120 104 -13.3 382 346 -9.4 COQUITLAM DETACHED 71 124 62 -50.0 61 89 84 -5.6 238 258 8.4 ATTACHED 28 48 20 -58.3 31 32 21 -34.4 88 83 -5.7 APARTMENTS 44 99 54 -45.5 48 55 44 -20.0 157 156 -0.6 DELTA DETACHED 26 26 17 -34.6 24 26 18 -30.8 98 79 -19.4 ATTACHED 2 5 3 -40.0 2 5 7 40.0 13 18 38.5 APARTMENTS 5 14 10 -28.6 7 8 9 12.5 45 30 -33.3 MAPLE RIDGE/PITT MEADOWS DETACHED 70 125 55 -56.0 64 93 72 -22.6 223 250 12.1 ATTACHED 21 36 15 -58.3 29 40 21 -47.5 89 97 9.0 APARTMENTS 17 75 18 -76.0 20 38 37 -2.6 54 93 72.2 NORTH VANCOUVER DETACHED 22 74 32 -56.8 49 76 53 -30.3 209 221 5.7 ATTACHED 14 24 10 -58.3 14 45 17 -62.2 57 87 52.6 APARTMENTS 56 89 49 -44.9 46 80 62 -22.5 197 228 15.7 NEW WESTMINSTER DETACHED 14 23 10 -56.5 25 20 6 -70.0 90 55 -38.9 ATTACHED 6 8 2 -75.0 0 9 6 -33.3 13 22 69.2 APARTMENTS 72 77 58 -24.7 61 63 62 -1.6 189 192 1.6 PORT MOODY/BELCARRA DETACHED 6 29 11 -62.1 17 18 14 -22.2 54 50 -7.4 ATTACHED 9 22 9 -59.1 14 27 18 -33.3 40 71 77.5 APARTMENTS 20 33 10 -69.7 14 23 18 -21.7 65 62 -4.6 PORT COQUITLAM DETACHED 22 38 16 -57.9 29 39 16 -59.0 88 90 2.3 ATTACHED 22 26 12 -53.8 26 17 16 -5.9 73 52 -28.8 APARTMENTS 16 25 22 -12.0 14 23 18 -21.7 56 65 16.1 RICHMOND DETACHED 111 155 85 -45.2 130 101 62 -38.6 423 269 -36.4 ATTACHED 39 104 55 -47.1 72 76 41 -46.1 238 180 -24.4 APARTMENTS 135 178 102 -42.7 136 95 75 -21.1 419 264 -37.0 SUNSHINE COAST DETACHED 38 59 25 -57.6 32 34 23 -32.4 110 89 -19.1 ATTACHED 6 2 4 100.0 4 3 1 -66.7 17 4 -76.5 APARTMENTS 1 6 12 100.0 1 1 2 100.0 6 8 33.3 SQUAMISH DETACHED 11 26 12 -53.8 11 20 12 -40.0 37 48 29.7 ATTACHED 10 19 8 -57.9 2 6 7 16.7 16 19 18.8 APARTMENTS 4 7 10 42.9 4 3 6 100.0 15 10 -33.3 VANCOUVER EAST DETACHED 75 152 75 -50.7 85 112 95 -15.2 342 333 -2.6 ATTACHED 12 43 6 -86.0 14 30 15 -50.0 86 82 -4.7 APARTMENTS 53 115 62 -46.1 59 101 51 -49.5 233 251 7.7 VANCOUVER WEST DETACHED 81 164 89 -45.7 116 121 62 -48.8 438 303 -30.8 ATTACHED 35 89 26 -70.8 46 48 31 -35.4 153 124 -19.0 APARTMENTS 214 496 218 -56.0 269 360 262 -27.2 958 949 -0.9 WHISTLER DETACHED 17 28 26 -7.1 2 15 10 -33.3 20 31 55.0 ATTACHED 35 34 24 -29.4 14 16 13 -18.8 39 46 17.9 APARTMENTS 31 34 34 0.0 10 16 13 -18.8 27 40 48.1 WEST VANCOUVER/HOWE SOUND DETACHED 35 93 35 -62.4 50 66 38 -42.4 178 194 9.0 ATTACHED 2 4 5 25.0 2 8 0 -100.0 20 12 -40.0 APARTMENTS 4 18 8 -55.6 12 14 11 -21.4 44 38 -13.6 GRAND TOTALS DETACHED 645 1219 616 -49.5 769 914 630 -31.1 2789 2512 -9.9 ATTACHED 274 544 237 -56.4 319 444 254 -42.8 1103 1080 -2.1 APARTMENTS 773 1450 770 -46.9 811 1000 774 -22.6 2847 2732 -4.0
  • 7. Residential Average Sale Prices - January 1977 to December 2011 DETACHED CONDOMINIUM ATTACHED APARTMENTS IN THOUSANDS ($) 1400 $1,064,249 1200 1000 800 $511,948 600 400 $443,652 200 0 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 NOTE: From 1977 - 1984 condominium averages were not separated into attached & apartment.