With home buyer demand below long-term historical averages in June, the supply of homes for sale continued to accumulate in Metro Vancouver.
The Real Estate Board of Greater Vancouver reports that residential home sales in the region totalled 2,077 in June 2019, a 14.4 per cent decrease from the 2,425 sales recorded in June 2018 and a 21.3 per cent decrease from the 2,638 homes sold in May 2019.
Commercial real estate sales in the Lower Mainland declined in the first quarter (Q1) of 2019 compared to the active market experienced across the region last year.
Monthly Metro Vancouver home sales eclipsed 2,000 for the first time this year in May, although home buyer demand remains below historical averages. REBGV reports that residential home sales in the region totalled 2,638 in May 2019, a 6.9 per cent decrease from the 2,833 sales recorded in May 2018, and a 44.2 per cent increase from the 1,829 homes sold in April 2019.
Ashley Smith became a REALTOR® in 2008, and four years later became one of the youngest people ever elected to REBGV’s Board of Directors. A self-described governance enthusiast, Ashley has completed the Institute of Corporate Directors Not-For-Profit Governance Essentials program, WATSON’s Governing with Intention and Chair with Intention programs, and BoardSource’s Leadership Certificate for Not-For-Profit Board Chairs. Leading up to her year as president, Ashley also served on REBGV’s Governance and Government Relations committees.