highlights • Therewere5,038M LS salesin theVancouverRegion lastm onth,them ostin anym onth sincewe surpas ed 6,000salesin M arch 2022.Lastm onth’ssaleswerealso20% m orethan in April–a significantly biggerbum p than thetypical4% A pril-to-M ay increase.D espitethis,lastm onth’s salestotalw asstil 2% below thepast-decadeaverage. • O n am onth-over-m onth basis,detached hom esalesincreased them ost(by22%),closelyfolowed bytownhom esales(up by21%),and condosales(up by18%).Each ofthesechangesexceeded its typicalrespectivem onth-over-m onth increase. • O n ayear-over-yearbasis,salescountswereup foreach hom etype:detached hom esby33%, townhom esby16%,and condosby10%.
THERENNIEADVANCE sales
MAY 2023
4,000
+ 33% vsM ay2022
3,500
3,000
2,500
1,699
2,000
2,173 10 yrM ayAvg
1,500
1,000
DETACHED sales
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500
- 22% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
+ 16% vsM ay2022
1,000 1,200 1,400 1,600
945
945 10 yrM ayAvg
200 400 600 800
TOWNHOME sales
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0
- vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
3,500
+ 10% vsM ay2022
3,000
2,252
2,500
2,000
1,939 10 yrM ayAvg
1,500
1,000
CONDO sales
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500
+ 16% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
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