highlights • As social distancing policies were implemented across Canada, total MLS sales in the Greater Vancouver board area fell by 39% in April 2020 compared to one year earlier. This was the largest year-over-year decrease since January of 2019, with detached home sales falling 33%, townhomes 39%, and condos 43%. • Compared to the previous month, April’s sales were down 54% for detached homes, 53% for townhomes, and 57% for condos. These were the largest month-over-month declines in sales for each respective product type in at least 15 years. • Over the past decade, total sales counts have fallen by 0.2% on average between March and April, contrasting strongly with 2020’s drop of 56%.
sales THE RENNIE ADVANCE
APRIL 2020
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DETACHED sales
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TOWNHOME sales
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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 May 4, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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