Home buyer demand in Metro Vancouver* returned to more historically typical levels in April.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,232 in April 2022, a 34.1 per cent decrease from the 4,908 sales recorded in April 2021, and a 25.6 per cent decrease from the 4,344 homes sold in March 2022.
Most areas saw a slow down of price jumps, however there were still small increases in some markets.
The Burnaby Detached market continues to see a rise in prices. Average sale of homes jumped from $$2,190,000 to $2,216,000 from March to April.
New Westminster Detached market sales jump from $1,640,000 to $1,701,000
The Coquitlam market saw a slight increase in both detached and attached markets.