Real Estate Market Report for
Vancouver, BC

Updated : Aug 2016
House
  • Median price $1,364,000
  • Monthly growth 70.71 %
  • Quarterly trend
  • Stock on market 0.14%
Apartment
  • Median price $698,000
  • Monthly growth 16.52 %
  • Quarterly trend
  • Stock on market 0.37%
Vancouver Home Price

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The median asking price in Vancouver is $1,364,000, a substantial increase over the median three months ago which was $2,255,000 .

Vancouver, British Columbia has a median house price of $1,364,000 when compiling all the home listings in Aug .

How big are the houses being sold in Vancouver? This month there are 11 one bedroom 81 two bedroom 89 three bedroom 79 four bedroom 82 five bedroom homes on the market.

If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Vancouver has a huge choice compared to the rest of the province

There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Vancouver will hopefully provide an indicator to help you where to research in-depth

Because the amount of real estate listed for sale has increased it looks like housing market forces in neighbourhood are likely to drive prices down.

Last month, Vancouver was Canada’s 11th priciest – this month at number 11 it’s dropped -6 While month on month that number shouldn’t matter too much, as fluctuation is common, it’s worth checking back regularly to see whether the deterioration continues.

Want a cheaply priced house? Then at $698,000 this month, Vancouver, British Columbia is definitely not for you price wise.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.

Across British Columbia Vancouver has the 1st most properties on offer with 124.

Can we guarantee how well Vancouver is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.

Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.

Beds Median price (House) Median price (Apartment)
1 bedroom $699,900 $549,000
2 bedrooms $1,030,000 $878,000
3 bedrooms $1,238,000 $1,199,000
4 bedrooms $1,398,000 $1,299,000
5 bedrooms $1,459,000 $1,239,000
6 bedrooms $1,400,000
Demographics
  • Population in 2011603502
  • Population in 2006578041
  • 2006 to 2011 population change (%)4.4
  • Total private dwellings286742
  • Private dwellings occupied by usual residents264573
  • Population density per square kilometre5249.1
  • Land area (square km)114.97
  • Age Characteristics
    Total population by age groups 603500
    0 to 4 years 24770
    5 to 9 years 22400
    10 to 14 years 24175
    15 to 19 years 29095
    15 years 5500
    16 years 5625
    17 years 5715
    18 years 5985
    19 years 6275
    20 to 24 years 44285
    25 to 29 years 59465
    30 to 34 years 53335
    35 to 39 years 47230
    40 to 44 years 48640
    45 to 49 years 49195
    50 to 54 years 44105
    55 to 59 years 39500
    60 to 64 years 35365
    65 to 69 years 22845
    70 to 74 years 18800
    75 to 79 years 15870
    80 to 84 years 12305
    85 years and over 12110
    Median age of the population 39.7
    % of the population aged 15 and over 88.2
  • Marital Status
    Total population 15 years and over by marital status 532150
    Married or living with a common-law partner 264105
    Married (and not separated) 216815
    Living common-law 47285
    Not married and not living with a common-law partner 268050
    Single (never legally married) 194270
    Separated 12850
    Divorced 35825
    Widowed 25110
    Family Characteristics
    Total number of census families in private households 151335
    Size of census family: 2 persons 79030
    Size of census family: 3 persons 34395
    Size of census family: 4 persons 28625
    Size of census family: 5 or more persons 9280
    Total number of census families in private households 151330
    Total couple families by family structure and number of children 126610
    Married couples 103030
    Without children at home 43510
    With children at home 59520
    1 child 25375
    2 children 25655
    3 or more children 8495
    Common-law couples 23580
    Without children at home 19305
    With children at home 4270
    1 child 2450
    2 children 1420
    3 or more children 405
    Total lone-parent families by sex of parent and number of children 24725
    Female parent 20120
    1 child 13055
    2 children 5435
    3 or more children 1630
    Male parent 4600
    1 child 3160
    2 children 1135
    3 or more children 305
    Total children in census families in private households 146430
    Under six years of age 29245
    6 to 14 years 41480
    15 to 17 years 16065
    18 to 24 years 31885
    25 years and over 27755
    Average number of children at home per census family 1
  • Household And Dwelling Characteristics
    Total number of persons in private households 590205
    Number of persons not in census families 165840
    Living with relatives 18175
    Living with non-relatives only 46460
    Living alone 101200
    Number of census family persons 424370
    Average number of persons per census family 2.8
    Total number of persons 65 years and over in private households 75360
    Number of persons not in census families aged 65 years and over 28975
    Living with relatives 5605
    Living with non-relatives only 1795
    Living alone 21575
    Number of census family persons aged 65 years and over 46390
    Total number of private households by household type 264575
    Census-family households 142960
    One-family-only households 122540
    Couple-family households 103885
    Without children 52895
    With children 50985
    Lone-parent-family households 18655
    Other family households 20420
    One-family households with persons not in a census family 12745
    Couple-family households 9820
    Without children 3300
    With children 6520
    Lone-parent-family households 2925
    Two-or-more-family households 7675
    Non-census-family households 121615
    One-person households 101205
    Two-or-more-person households 20410
    Total number of occupied private dwellings by structural type of dwelling 264575
    Single-detached house 47530
    Apartment, building that has five or more storeys 70270
    Movable dwelling 65
    Other dwelling 146705
    Semi-detached house 4000
    Row house 9040
    Apartment, duplex 45845
    Apartment, building that has fewer than five storeys 87430
    Other single-attached house 390
    Total number of private households by household size 264570
    1 person 101205
    2 persons 81465
    3 persons 34770
    4 persons 28070
    5 persons 10985
    6 or more persons 8070
    Number of persons in private households 590205
    Average number of persons in private households 2.2
Census 2011

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