highlights • In June, the median sales price increased for all home types compared to last month, rising 0.3% for detached homes, 1.9% for townhomes, and 0.7% for condos. • Compared to last year, the median sales price of detached homes increased 5%, townhomes by 7%, and condos by 3%. This was the largest year-over-year increase in the townhome median sales price since September of 2018, while detached homes and condos saw their largest increase since February and March 2020, respectively. • The detached-to-townhome price ratio fell for a 5th straight month in May, to 1.70—a change favouring up-sizers. Conversely, the townhome-to-condo price ratio rose for a 5th straight month, to 1.35—a change favouring down-sizers in multi-family housing.
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Copyright © 2020 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of July 2, 2020. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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