Please visit our Open House at 2802 1189 MELVILLE ST in Vancouver. See details here

Open House on Saturday, November 26, 2022 1:00PM - 3:00PM

Welcome to The Melville! Prestigious 2bdrms, 2 full baths plus 1 den. Priced well under assessed value! rarely used by owner as a pied-a-terre. Terrific Coal Harbour view from all rooms! Perfect location for shopping, downtown, Standley park and Coal Harbour seawall. Stainless-steel Gas stove, Kitchen Aid brand collection of appliances open concept dining/living room. Balcony all surrounded by ocean, urban & mountain views! Full amenities such as beautiful rooftop sky garden with 40" lap outdoor pool and hot tub, fully equipped gym with water view! Comes with resident's lounge, children play outdoor area, games and media room with large TV on the terrace level, 24hr concierge, 1 parking and 1 storage included.

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Please visit our Open House at 2802 1189 MELVILLE ST in Vancouver. See details here

Open House on Sunday, November 27, 2022 1:00PM - 3:00PM

Welcome to The Melville! Prestigious 2bdrms, 2 full baths plus 1 den. Priced well under assessed value! rarely used by owner as a pied-a-terre. Terrific Coal Harbour view from all rooms! Perfect location for shopping, downtown, Standley park and Coal Harbour seawall. Stainless-steel Gas stove, Kitchen Aid brand collection of appliances open concept dining/living room. Balcony all surrounded by ocean, urban & mountain views! Full amenities such as beautiful rooftop sky garden with 40" lap outdoor pool and hot tub, fully equipped gym with water view! Comes with resident's lounge, children play outdoor area, games and media room with large TV on the terrace level, 24hr concierge, 1 parking and 1 storage included.

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I have listed a new property at 2802 1189 MELVILLE ST in Vancouver. See details here

Welcome to The Melville! Prestigious 2bdrms, 2 full baths plus 1 den. Priced well under assessed value! rarely used by owner as a pied-a-terre. Terrific Coal Harbour view from all rooms! Perfect location for shopping, downtown, Standley park and Coal Harbour seawall. Stainless-steel Gas stove, Kitchen Aid brand collection of appliances open concept dining/living room. Balcony all surrounded by ocean, urban & mountain views! Full amenities such as beautiful rooftop sky garden with 40" lap outdoor pool and hot tub, fully equipped gym with water view! Comes with resident's lounge, children play outdoor area, games and media room with large TV on the terrace level, 24hr concierge, 1 parking and 1 storage included.

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Please visit our Open House at 2802 1189 MELVILLE ST in Vancouver. See details here

Open House on Saturday, November 19, 2022 1:00PM - 3:00PM

Welcome to The Melville! Prestigious 2bdrms, 2 full baths plus 1 den. Priced well under assessed value! rarely used by owner as a pied-a-terre. Terrific Coal Harbour view from all rooms! Perfect location for shopping, downtown, Standley park and Coal Harbour seawall. Stainless-steel Gas stove, Kitchen Aid brand collection of appliances open concept dining/living room. Balcony all surrounded by ocean, urban & mountain views! Full amenities such as beautiful rooftop sky garden with 40" lap outdoor pool and hot tub, fully equipped gym with water view! Comes with resident's lounge, children play outdoor area, games and media room with large TV on the terrace level, 24hr concierge, 1 parking and 1 storage included.

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Please visit our Open House at 2802 1189 MELVILLE ST in Vancouver. See details here

Open House on Sunday, November 20, 2022 1:00PM - 3:00PM

Welcome to The Melville! Prestigious 2bdrms, 2 full baths plus 1 den. Priced well under assessed value! rarely used by owner as a pied-a-terre. Terrific Coal Harbour view from all rooms! Perfect location for shopping, downtown, Standley park and Coal Harbour seawall. Stainless-steel Gas stove, Kitchen Aid brand collection of appliances open concept dining/living room. Balcony all surrounded by ocean, urban & mountain views! Full amenities such as beautiful rooftop sky garden with 40" lap outdoor pool and hot tub, fully equipped gym with water view! Comes with resident's lounge, children play outdoor area, games and media room with large TV on the terrace level, 24hr concierge, 1 parking and 1 storage included.

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Metro Vancouver saw more home sellers and fewer buyers in September


Home sellers were more active in Metro Vancouver’s housing market in September while home buyer demand remained below the region’s long-term averages. 


The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,687 in September 2022, a 46.4 per cent decrease from the 3,149 sales recorded in September 2021, and a 9.8 per cent decrease from the 1,870 homes sold in August 2022. 


Last month’s sales were 35.7 per cent below the 10-year September sales average. 


“With the Bank of Canada and other central banks around the globe hiking rates in an effort to stamp out inflation, the cost to borrow funds has risen substantially over a short period,” said Andrew Lis, REBGV director, economics and data analytics. “This has resulted in a more challenging environment for borrowers looking to purchase a home, and home sales across the region have dropped accordingly.” 


There were 4,229 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in September 2022. This represents an 18.2 per cent decrease compared to the 5,171 homes listed in September 2021 and a 27.1 per cent increase compared to August 2022 when 3,328 homes were listed. 


The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 9,971, an eight per cent increase compared to September 2021 (9,236) and a 3.2 per cent increase compared to August 2022 (9,662). 


“With fewer homes selling and new listings continuing to come to market, inventory is beginning to accumulate, providing buyers with more selection compared to last year,” Lis said. “With more supply and less demand within this market cycle, residential home prices have edged down in the region over the last six months.” 


For all property types, the sales-to-active listings ratio for September 2022 is 16.9 per cent. By property type, the ratio is 12.4 per cent for detached homes, 18.4 per cent for townhomes, and 20.9 per cent for apartments. 


Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months. 


The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,155,300. This represents a 3.9 per cent increase over September 2021, an 8.5 per cent decline over the past six months, and a 2.1 per cent decline compared to August 2022.


Sales of detached homes in September 2022 reached 525, a 44.7 per cent decrease from the 950 detached sales recorded in September 2021. The benchmark price for a detached home is $1,906,400. This represents a 3.8 per cent increase from September 2021 and a 2.4 per cent decrease compared to August 2022. 


Sales of apartment homes reached 888 in September 2022, a 45.2 per cent decrease compared to the 1,621 sales in September 2021. The benchmark price of an apartment home is $728,500. This represents a 6.2% per cent increase from September 2021 and a 1.6 per cent decrease compared to August 2022. 


Attached home sales in September 2022 totalled 274, a 52.6 per cent decrease compared to the 578 sales in September 2021. The benchmark price of an attached home is $1,048,900. This represents a 9.1 per cent increase from September 2021 and a 1.9 per cent decrease compared to August 2022. 

Download the September 2022 stats package.

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Metro Vancouver’s housing market sees fewer home buyers and sellers in August 

Metro Vancouver’s housing market is experiencing a quieter summer season marked by reduced sale and listing activity.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,870 in August 2022, a 40.7 per cent decrease from the 3,152 sales recorded in August 2021, and a 0.9 per cent decrease from the 1,887 homes sold in July 2022.

Last month’s sales were 29.2 per cent below the 10-year August sales average.

“With inflationary pressure and interest rates on the rise, home buyer and seller activity shifted below our long-term seasonal averages this summer,” Andrew Lis, REBGV’s director, economics and data analytics said. “This shift in market conditions caused prices to edge down over the past four months.”

There were 3,328 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in August 2022. This represents a 17.5 per cent decrease compared to the 4,032 homes listed in August 2021 and a 16 per cent decrease compared to July 2022 when 3,960 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 9,662, a 7.3 per cent increase compared to August 2021 (9,005) and a 6.1 per cent decrease compared to July 2022 (10,288).

“Home buyers and sellers are taking more time to assess what this changing landscape means for their housing needs,” Lis said. “Preparation is critical in today’s market. Work with your Realtor to assess what today’s home prices, financing options, and other considerations mean for you.”

For all property types, the sales-to-active listings ratio for August 2022 is 19.4 per cent. By property type, the ratio is 12.2 per cent for detached homes, 25.3 per cent for townhomes, and 24.8 per cent for apartments.

Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,180,500. This represents a 7.4 per cent increase over August 2021 and a 2.2 per cent decrease compared to July 2022.

Sales of detached homes in August 2022 reached 517, a 45.3 per cent decrease from the 945 detached sales recorded in August 2021. The benchmark price for a detached home is $1,954,100. This represents a 7.9 per cent increase from August 2021 and a 2.3 per cent decrease compared to July 2022.

Sales of apartment homes reached 998 in August 2022, a 38.8 per cent decrease compared to the 1,631 sales in August 2021. The benchmark price of an apartment home is $740,100. This represents an 8.7 per cent increase from August 2021 and a two per cent decrease compared to July 2022.

Attached home sales in August 2022 totalled 355, a 38.4 per cent decrease compared to the 576 sales in August 2021. The benchmark price of an attached home is $1,069,100. This represents a 12.7 per cent increase from August 2021 and a 2.5 per cent decrease compared to July 2022.

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Home buyer demand continues to ease across Metro Vancouver 


Metro Vancouver’s housing market has entered a new cycle marked by quieter home buyer demand and a gradual rise in the supply of homes for sale.


The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,887 in July 2022, a 43.3 per cent decrease from the 3,326 sales recorded in July 2021, and a 22.8 per cent decrease from the 2,444 homes sold in June 2022.


Last month’s sales were 35.2 per cent below the 10-year July sales average.


“Home buyers are exercising more caution in today’s market in response to rising interest rates and inflationary concerns,” Daniel John, REBGV Chair said. “This allowed the selection of homes for sale to increase and prices to edge down in the region over the last three months.”


There were 3,960 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in July 2022. This represents a 9.5 per cent decrease compared to the 4,377 homes listed in July 2021 and a 24.7 per cent decrease compared to June 2022 when 5,256 homes were listed.


The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 10,288, a 4.4 per cent increase compared to July 2021 (9,850) and a 1.3 per cent decrease compared to June 2022 (10,425).


“After two years of market conditions that favoured home sellers, home buyers now have more selection to choose from and more time to make their decision,” John said. “In today’s changing housing market, both home buyers and sellers should invest the time to understand what these changes mean for their personal circumstances.”


For all property types, the sales-to-active listings ratio for July 2022 is 18.3 per cent. By property type, the ratio is 11.8 per cent for detached homes, 20 per cent for townhomes, and 24.5 per cent for apartments.


Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.


The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,207,400. This represents a 10.3 per cent increase over July 2021 and a 2.3 per cent decrease compared to June 2022.


Sales of detached homes in July 2022 reached 523, a 50.2 per cent decrease from the 1,050 detached sales recorded in July 2021. The benchmark price for a detached home is $2,000,600. This represents an 11 per cent increase from July 2021 and a 2.8 per cent decrease compared to June 2022.


Sales of apartment homes reached 1,060 in July 2022, a 36.4 per cent decrease compared to the 1,666 sales in July 2021. The benchmark price of an apartment home is $755,000. This represents an 11.4 per cent increase from July 2021 and a 1.5 per cent decrease compared to June 2022.


Attached home sales in July 2022 totalled 304, a 50.2 per cent decrease compared to the 610 sales in July 2021. The benchmark price of an attached home is $1,096,500. This represents a 15.8 per cent increase from July 2021 and a 1.7 per cent decrease compared to June 2022.

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.