Housing Market Stats: April 2019


  • Decreased demand continues to allow the supply of homes for sale to accumulate across the Metro Vancouver* housing market.
  • residential home sales totalled 1,829 in April 2019, a 29.1 per cent decrease from the 2,579 sales in April 2018.
  • a 5.9 per cent increase from the 1,727 homes sold in March 2019.
  • Last month’s sales were 43.1 per cent below the 10-year April sales average.
  • MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,008,400. 
  • The overall sales-to-active listings ratio for April 2019 is 12.7 per cent. By property type, the ratio is 9.4 per cent for detached homes, 15.4 per cent for townhomes, and 15.3 per cent for apartments.

"Government policy continues to hinder home sale activity. The federal government’s mortgage stress test has reduced buyers’ purchasing power by about 20 per cent, which is causing people at the entry-level side of the market to struggle to secure financing. Suppressing housing activity through government policy not only reduces home sales, it harms the job market, economic growth and creates pent-up demand."