Metro Vancouver home sales volume plummets nearly 80% from peak

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.

3 thoughts on “Metro Vancouver home sales volume plummets nearly 80% from peak

  1. Awwwwww!
    The poor Rock Star Realtors arent making obscene commissions any more!
    I feel soooo sad for them.
    It’s sooooo unfair.
    After they struggle through an 8 week course ( a monkey fornicating a football could pass). Spending money on a business license…….
    They deserve 10’s of thousands of dollars in commissions for

    A) Signing a seller to a sales agreement.
    B) Taking pictures of the House, condo, whatever.
    C) Thinking up a sales pitch.
    D) Meeting potential buyers and unlocking a door
    E) Telling potential buyers all the great things about a place.
    F) Collecting their commission.

    The gravy train is over Rock stars!
    The commissions are few and far between.
    Time to actually work up a sweat hammering in road signs
    Better yet.
    McDonalds is hiring!


    Hope you paid 2018 taxes!
    Cause Revenue Canada never ever forgets……..

  2. July 4th 2019 !
    Happy Real Estate crash everyone!

    Will July 4th 2020 STILL see sales tanking and prices at 1990 levels?
    Will realtors be taking Skytrain to viewings?
    Will mortgage renewals be in the toilet?
    Will thousands of sheeple be walking away from their mortgages?
    Will Trudeau be on the retirement lecture circuit flogging a new book?
    Will Ms Meng still be under house arrest in Vancouver?

    We can only hope……


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