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Market Statistics

These Real Estate Statistics track current Market Statistics for Greater Vancouver and the Fraser Valley, including home prices, sales, inventory and other key indicators across detached homes, townhouses and condos. Comparing the Greater Vancouver Housing Market with the Fraser Valley Housing Market helps show how market conditions can differ across the Lower Mainland.

Our Real Estate Market Statistics are updated as new monthly data becomes available, with regional charts and links to individual city statistics below. Use the charts to compare Greater Vancouver Home Prices and Fraser Valley Home Prices over time, then explore the city-level pages when you need a more local view.

See our Housing Market in Vancouver analysis comparing home-price performance by city over the five years ending June 2023.

For monthly commentary on the Greater Vancouver Housing Market, watch our Market Statistics videos for current sales, inventory, home-price trends and market conditions across the region.

Interpreting these charts is not difficult, but it might take a few minutes of study the first time you look.

MLS® HPI Price: The MLS® Home Price Index benchmark represents the price of a typical property within a particular market. It accounts for property characteristics and is especially useful for tracking changes in home values over time rather than estimating the value of one specific property. GVR describes benchmark prices as representing a typical property within each market.

Median Sales Price: The median sales price is the middle price of all homes sold in a specific period. Half of the sales were above this price, and half were below. It reflects the actual prices buyers and sellers agreed on, but it can swing up or down depending on what types of homes happened to sell that month (e.g., more luxury homes or more entry-level units).

Total Inventory: The total number of homes currently listed for sale at the end of the month. This shows how much supply is available in the market. Rising inventory usually signals more selection for buyers, while declining inventory can indicate tightening conditions and increased competition.

New Listings: The number of homes that were newly added to the market during the month. This shows how much fresh supply is entering the market. Higher levels of new listings mean more options for buyers, while lower levels can signal limited selection and increased competition for available homes.

Sales: The number of homes sold during the month. Sales are most useful when viewed together with active inventory and the sales-to-active-listings ratio, because sales volume alone does not show the balance between supply and demand.

Sales to Active Ratio: The sales-to-active-listings ratio compares monthly sales with the number of active listings. Historically, Greater Vancouver prices have tended to face downward pressure when the ratio remains below 12% for a sustained period and upward pressure when it remains above 20% for several months.

Find more in depth reports below.

Greater Vancouver REALTORS® (GVR) and the Fraser Valley Real Estate Board (FVREB) publish the market data used in the regional charts on this page. The statistics include home-price measures, sales, inventory, new listings and other indicators used to follow changes in the Greater Vancouver Housing Market and Fraser Valley Housing Market.

These Real Estate Statistics are updated as new monthly market data becomes available. Reviewing several months of data provides better context than relying on a single month, particularly when comparing Greater Vancouver Home Prices, Fraser Valley Home Prices and changes in sales or inventory.

Real Estate Statistics by City

Detached Homes Statistics

Greater Vancouver

Fraser Valley

Townhouse Statistics

Greater Vancouver

Fraser Valley

Condos Statistics

Greater Vancouver

Fraser Valley

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The Greater Vancouver Housing Market and Fraser Valley Housing Market can move differently because they have different housing stock, price ranges, buyer demand and inventory levels. Comparing both regions helps show whether a change in sales, supply or home prices is local to one market or part of a broader Lower Mainland trend.

Use the regional charts below to compare detached homes, townhouses and condos, or choose a city from our Real Estate Statistics by City section for more local Market Statistics.

Real Estate Market Statistics are most useful when several numbers are looked at together. Price alone does not tell you whether buyers have more choice, whether listings are building up or whether sales activity is strengthening. Inventory, new listings, sales and the sales-to-active-listings ratio add the context that a single monthly price cannot provide.

Following these measures over several months makes it easier to see whether conditions are actually changing or whether one unusual month is distorting the picture.

Comparing Greater Vancouver and Fraser Valley home prices only makes sense within the same property type — detached homes, townhouses and condos each have their own price range and market dynamics, so mixing them together muddies the comparison. There’s also a data quirk worth knowing: Greater Vancouver charts typically use HPI benchmark pricing, while Fraser Valley numbers may be based on median sale price instead, depending on the source.

Because of that, don’t read too much into the raw price gap between the two regions. What actually matters is the direction each market is heading and how long that trend has held — that tells you a lot more than comparing one number to another.

Market Statistics are generally updated monthly as new data becomes available from Greater Vancouver REALTORS® and the Fraser Valley Real Estate Board.

One month can be affected by the number and type of properties that happened to sell, so several months of Real Estate Statistics usually give a better picture of where the market is heading.

For additional commentary on current regional conditions, watch our monthly Market Statistics videos.

Detached homes, townhouses and condos don’t always move in sync — each has its own buyer pool, inventory levels, price range and supply pressures, so it’s entirely possible for condos to be booming while detached homes barely budge, or the reverse.

That’s the reason these stats are broken out by property type for both Greater Vancouver and the Fraser Valley, rather than blended into one regional number that would just average out — and obscure — what’s actually happening in each market.