highlights • ThenumberofmonthlyMLSsalesintheVancouverRegionsurpasedthe5,000-marklastmonth (5,199salesinFebruary2022,tobeprecise)forthefirsttimesinceNovember2021.Thisalso representedthe3rd-mostsalesinaFebruaryinthepastdecade.Andwhilelastmonth’ssaleswere down19%fromtheFebruary2021’snear-recordcount,theywereup47%versusJanuary2022. • Onamonth-over-monthbasis,salesincreasedacrosalhometypes.Townhomesexperiencedthe greatestincrease,at60%,folowedbydetachedhomesandcondosat53%and37%,respectively. ComparedtoFebruary2021,salesacrosalhometypesdeclined,withtownhomesdownthe most,at34%,folowedbydetachedhomes(down27%)andthencondos(down2%). • Themarketmomentumthatemergedinlate-JanuarycontinuedintoFebruary,withdailysales averaging240inthefirsthalfofthemonthbeforeincreasingtoadailyaverageof310salesinthe secondhalfofFebruary.
THERENNIEADVANCE sales
FEBRUARY 202
4,000
-27% vsFeb2021
3,500
3,000
2,500
1,768
2,000
1,688 10 yrFebAvg
1,500
1,000
DETACHED sales
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 0 500
+5% vs10yrFebAvg
﹍ 10 yrFebruaryAverage
● February
-34% vsFeb2021
1,000 1,200 1,400 1,600
928
743 10 yrFebAvg
200 400 600 800
TOWNHOME sales
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 0
+25% vs10yrFebAvg
﹍ 10 yrFebruaryAverage
● February
3,500
-2% vsFeb2021
3,000
2,385
2,500
2,000
1,507 10 yrFebAvg
1,500
1,000
CONDO sales
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 0 500
+58% vs10yrFebAvg
﹍ 10 yrFebruaryAverage
● February
Copyright©March1,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch1,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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