Neighbourhood Search

Search All Listings

Buyer Resources

Neighbourhood Pages

Real Estate Matters

Real Estate Matters Blog

Back to Blog

One month after introduction of the infamous 'foreign buyer tax' we're seeing a market that appears to be returning to stability after some frenetic-paced years (ok, let's just say it: CRAZY). As expected, Vancouver real estate sales were down in August compared to August 2015 in all categories: detached, townhouses, and apartments (condos). The number of detached sales were down 45%, townhomes -25% and condos -10%. Prices are still rising though, although at a slower pace, both year over year AND over the past 3 months. Vancouver detached prices are up 36% year over year and 4% over the past 3 months. Vancouver townhomes are +31% and +7% respectively, while condos prices are up +27% for the year and +6% over 3 months.