highlights • N ew M LS listingsfel 12% m onth-over-m onth to9,629,providingm oresupporttothenotion thatA pril’ssharp increase(of10,893 new listings)w asdriven by thenew provinciallegislation on short-term rentalsthatcam einto efecton M ay 1st.N ew listingshavehistoricaly risen 7% between Apriland M ay. • Al hom etypessaw declinesin new listingsm onth-over-m onth:detached hom esand condoswere bothdown 12%,whiletownhom esweredown 9%. • N ew listingswerestil 6% higherthan theprior10-yearM ayaverage.Condoswerefurthestabove thenorm ,up 20% (at3,980),whiletownhom eswere11% higher(at1,727);detached hom eswere 13% lower(at3,538).
VANCOUVERREGION THERENNIEADVANCE new listings
MAY 2024
7,000
- 4% vsM ay2023
6,000
5,000
4,000
4,052 10 yrM ayAvg
3,000
3,538
2,000
DETACHED new listings
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1,000
- 13% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
+ 13% vsM ay2023
2,500
2,000
1,500
1,727
1,552 10 yrM ayAvg
1,000
TOWNHOME new listings
500
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 11% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
5,000
+ 12% vsM ay2023
4,000
3,980
3,000
3,320 10 yrM ayAvg
2,000
CONDO new listings
1,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
+ 20% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
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