Vancouver’s detached real estate market has wiped out over a year of gains. Real Estate Board of Greater Vancouver (REBGV) numbers show prices continued to fall in December. The falling prices were accompanied by a record low for sales, and higher inventory.

Greater Vancouver Detached Prices Fall Over 7%

The price of a typical Vancouver detached home is dropping. REBGV reported a benchmark price of $1,479,000 in December, down 1.4% from the month before. Prices are now down 7.8% compared to the same month last year. In the City, Vancouver East fell to $1,447,300, down 7.2% from last year. Vancouver West saw detached prices fall to $3,135,400, an even more steep decline of 11.8% from last year. The region has officially wiped out over a year worth of gains, falling back to April 2016 levels.

Greater Vancouver Detached Benchmark Price

The price of a typical detached home across the Greater Vancouver Real Estate Board, in Canadian dollars.

Source: REBGV, Better Dwelling.

The price declines for a detached home are getting larger across Greater Vancouver. The 7.8% in December, is a very large jump from the 6.5% seen the month before. The 12 month pace of loss is now the largest it’s been since June 2009. Prices have fallen 8.53% from peak so far.

Greater Vancouver Detached Benchmark Percent Change

The 12 month percent change of a typical detached home across the Greater Vancouver Real Estate Board.

Steven Axford

Steve Axford grew up in Victoria, BC and has always been active in his community. Steve is a Victoria Cougars Hockey Team alumni as well as a Victoria Shamrocks (intermediate) alumni. During his time....

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Types Single Family Condos Commercial Land Townhouse Pending Multi-Family

Style Arts & Crafts California Character Condo Apartment Contemporary Contemporary,West Coast Half Duplex Row/Townhouse Single Family Detached West Coast

Beds Any 1+ 2+ 3+ 4+ 5+ 6+

Baths Any 1+ 1.5+ 2+ 2.5+ 3+ 4+ 5+ 6+

Min Min $25,000 $50,000 $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 $750,000 $800,000 $850,000 $900,000 $950,000 $1,000,000 $1,050,000 $1,100,000 $1,150,000 $1,200,000 $1,250,000 $1,300,000 $1,350,000 $1,400,000 $1,450,000 $1,500,000 $1,550,000 $1,600,000 $1,650,000 $1,700,000 $1,750,000 $1,800,000 $1,850,000 $1,900,000 $1,950,000 $2,000,000 $5,000,000 $10,000,000

Max Max $50,000 $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 $750,000 $800,000 $850,000 $900,000 $950,000 $1,000,000 $1,050,000 $1,100,000 $1,150,000 $1,200,000 $1,250,000 $1,300,000 $1,350,000 $1,400,000 $1,450,000 $1,500,000 $1,550,000 $1,600,000 $1,650,000 $1,700,000 $1,750,000 $1,800,000 $1,850,000 $1,900,000 $1,950,000 $2,000,000 $5,000,000 $10,000,000 $15,000,000

Min Sqr ft 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 5,500 6,000 6,500 7,000 7,500 8,000 8,500 9,000 9,500

Min Acres

Year Built Any 1900+ 1905+ 1910+ 1915+ 1920+ 1925+ 1930+ 1935+ 1940+ 1945+ 1950+ 1955+ 1960+ 1965+ 1970+ 1975+ 1980+ 1985+ 1990+ 1995+ 2000+ 2005+ 2010+ 2015+ Any Year

Max Year Built 2021 1900 1905 1910 1915 1920 1925 1930 1935 1940 1945 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015

Walkscore Any Somewhat Walkable Very Walkable Walkers Paradise

Options Just Listed Walkable Fixer Upper Newly Built Open House Adult 55+ Green/Energy Star Horse Property Golf Course Pool Water Front Water View Views Foreclosures Shortsales Not Distressed Lease to Own No Strata Fees Seller Financing Fireplace 1+ Garage 2+ Garage 3+ Garage 1 Story 2 Stories 3+ Stories Deck Basement Master on Main Air Conditioning Furnished Allows Pets

Accessibility Features Accessible Entrance Ground Level Main Floor No Step Entrance Primary Bedroom on Main Wheelchair Friendly

Basement Y/N 0 1

Cooling Air Conditioning Central Air HVAC None Other Partial Wall Unit(s) Window Unit(s)

Lot Size Dimensions 0 ft wide x 0 ft deep 100 ft wide 100 ft wide x 280 ft deep 100x100' 106 ft wide x 124 ft deep 106 ft wide x 154 ft deep 108 ft wide x 69 ft deep 110 ft deep 115 ft wide x 70 ft deep 120 ft wide x 200 ft deep 120 ft wide x 90 ft deep 132 ft wide x 195 ft deep 134.4 x 124.4 147 ft wide 150 ft wide 165 ft wide 166x629 173'x95' 25 ft wide x 100 ft deep 284 ft wide 29X80 30 ft wide x 100 ft deep 30 ft wide x 137 ft deep 38 ft wide x 50 ft deep 40 ft wide 40 ft wide x 103 ft deep 40 ft wide x 120 ft deep 40 ft wide x 94 ft deep 42 ft wide x 98 ft deep 46 ft wide x 131 ft deep 460 ft deep 48 ft wide x 120 ft deep 49 ft wide x 149 ft deep 49.9x112.7 50 ft wide x 104 ft deep 50 ft wide x 108 ft deep 50 ft wide x 110 ft deep 50 ft wide x 112 ft deep 50 ft wide x 113 ft deep 50 ft wide x 117 ft deep 50 ft wide x 120 ft deep 50 ft wide x 123 ft deep 50 ft wide x 125 ft deep 50 ft wide x 126 ft deep 50 ft wide x 140 ft deep 50 ft wide x 158 ft deep 50 ft wide x 64.5 ft deep 50 x 113 50X113 50x144 51 ft wide x 174 ft deep 52.493x112.861 52x198 53x113 54 ft wide x 104 ft deep 54 x 115 54'x99' 55 ft wide x 135 ft deep 55x120 56 ft wide x 160 ft deep 56 ft wide x 210 ft deep 57 ft wide 57 ft wide x 130 ft deep 57'x41' 59 ft wide x 108 ft deep 59 ft wide x 120 ft deep 60 by 150 60 ft wide x 100 ft deep 60 ft wide x 103 ft deep 60 ft wide x 110 ft deep 60 ft wide x 112 ft deep 60 ft wide x 115 ft deep 60 ft wide x 132 ft deep 60 ft wide x 135 ft deep 60 ft wide x 150 ft deep 60 ft wide x 157 ft deep 60 ft wide x 66 ft deep 60 ft wide x 90 ft deep 60 ft wide x 92 ft deep 60 x 120 60 x 128 60x109 60x113 60x120 60x144 62 ft wide x 120 ft deep 63'x326' 64 ft wide x 115 ft deep 64 ft wide x 199 ft deep 64x120 65 ft wide x 120 ft deep 65 ft wide x 129 ft deep 65 ft wide x 131 ft deep 65.5 x 71 approx. 67x100 69 ft wide x 120 ft deep 70 ft wide 70 ft wide x 120 ft deep 70 ft wide x 154 ft deep 70 ft wide x 194 ft deep 70 ft wide x 200 ft deep 75 ft wide x 151 ft deep 75 ft wide x 157 ft deep 78 ft wide 79 ft wide 80 ft wide x 112 ft deep 84 ft wide x 104 ft deep 860 ft deep 90 ft wide x 115 ft deep 91 ft wide x 92 ft deep 97x197 98 W x115 L 98 ft wide x 194.8 ft deep IRREG. Irregular

Number of Garage Spaces 0 1 2 3 4 5

Pets Allowed Y/N Aquariums Birds Caged Mammals Cats Dogs None Number Limit Size Limit Yes

Sewer Holding Tank None Other Perc Test on File Septic Needed Septic System Septic System: Common Sewer Available Sewer Connected Sewer To Lot

Total Kitchens 0 1 2 3 4

View City Lake Mountain(s) Ocean Other River Valley Water

Waterfront 0 1

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