In the 30 days leading up to March 15, 2016, Metro Vancouver detached home sales volume averaged a staggering $159 million dollars a day. In the 30 days leading up to June 11, 2019, the figure had dropped to just $33 million –– a 79% plunge, and a year-over-year drop of 41%.
Condo sales are not doing any better, falling from the May 17,2017, peak of $46 million to just $16 million –– a drop of 66%, marking a 54% year-over-year drop.
Looking at the major municipalities individually, Vancouver detached house sales volume has dropped 79% from peak, West Vancouver 82%, Richmond 83%, Burnaby 81%, Surrey 79% and Langley 70%.
Metro Vancouver home sales data used in this analysis covers the municipalities of Vancouver, Richmond, Burnaby, West Vancouver, New Westminster, North Vancouver, Delta, Surrey, Port Moody, Port Coquitlam, Pitt Meadows, Maple Ridge, Lions Bay, Bower Island, Anmore, and Belcarra, Langley and White Rock. Data for Vancouver also include University British Columbia and University Endowment Lands.