| The summer season opened with an air of optimism | | | | units listed in June 2009. However, there is a decrease |
| and high hopes for the Real Estate market of Greater | | | | by 21 percent from that of the 7,014 properties added |
| Vancouver. There is steady activity being experienced | | | | to the MLS for May 2010. The MLS property listing |
| with the Real Estate Board of Greater Vancouver | | | | totaled to 17,564 showing an increase of 1.2 percent |
| (REBGV) reporting total residential property sales of | | | | compared to May2010 and by 32 percent in |
| 2,972 in Greater Vancouver for June 2010. Despite a | | | | comparison to June 2009. |
| drop of 30.2 percent from the 4,296 June 2009 sales, | | | | According to Moldowan, "there has been less upward |
| June 2010 sales reached 22.6 percent higher than | | | | pressure on prices in our market the last few months, |
| 2,425 June 2008 sales. | | | | which has allowed prices to ease back from the |
| REBGV president Jake Moldowan said that the 4,244 | | | | record high numbers seen in April." Actually, there has |
| sales in June 2007 appears to be 30 percent higher | | | | been an increase of 11.8 percent of the MLS Link® |
| than this year's June sales which is 5.8 lower than May | | | | Housing Price Index (HPI) standard price for all Greater |
| 2010 total sales. There was also no record-breaking | | | | Vancouver housing properties for the past 12 months. |
| activity experienced but generally there are signs of a | | | | From $518,855 in June 2009 it rose to $580,237 June |
| stable property and real estate market this summer. | | | | this year. |
| There are also a number of new listings for properties | | | | Evidently, there is a healthy balance being established |
| up in the market but these are not as significant | | | | between the bullish real estate sales in 2009 and the |
| compared to the past three months. But because it is | | | | slower pace of 2008. Trailing behind 2009 overall real |
| the traditionally quiet time of the year, it is worth noting | | | | estate sales, total sales and benchmark prices of 2010 |
| that demand remains to be at a robust level. | | | | have been showing optimistic and increasing growth in |
| New listings for properties reached 5,544 for attached, | | | | comparison to 2008. This is a good indicator that |
| detached and apartment residential units showing an | | | | Greater Vancouver's housing property market is going |
| increase of 3.2 percent in comparison to 5,372 new | | | | steady. |
