highlights • TotalM LS salesin theVancouverRegion in M aywere4,249,which wasdown by12% versus April,exceeding thetypicalseasonaldecline(of6% in thiscase)forasecond consecutivem onth. D ailyM aysalesaveraged 202,which were15% lowerthan April’s238 salesaday.(Asasidenote, lastm onth’ssaleswerealsodown by40% from 2021’ssecond-m ost-ever-M aycount.) • O n am onth-to-m onth basis,salesacros al hom etypesdeclined from April,with detached hom e transactionsfalingby18%,folowed bytownhom esand condosat10% and 8%,respectively. D etached hom esales(1,289)and townhom esales(813)werethelowestsuch countssince early-2020.Condosales,at2,058,werethelowestsinceJanuary2021. • O n ayear-over-yearbasis,salesw ere–unsurprisingly— also low eracros al hom etypes,w ith detached saleslowerby53%,townhom esby45%,and condosby27%.Asafinalcom parison, M ay’s2022 totalsaleswere18% lowerthan thepast10-yearM ayaverage.
THERENNIEADVANCE sales
MAY 202
4,000
- 53% vsM ay2021
3,500
3,000
2,500
2,000
2,254 10 yrM ayAvg
1,500
1,000
DETACHED sales
1,289
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 0 500
- 43% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
- 43% vsM ay2021
1,000 1,200 1,400 1,600
940 10 yrM ayAvg
200 400 600 800
813
TOWNHOME sales
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 0
- 14% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
3,500
- 27% vsM ay2021
3,000
2,500
2,000
2,058
1,875 10 yrM ayAvg
1,500
1,000
CONDO sales
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 0 500
+ 10% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
Copyright© June1,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJune1,202 .Aldatafrom RealEstateBoardof GreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipient oftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained from aren ieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
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