Calmer than last spring’s record pace, Metro Vancouver home buyer demand remains elevated

While down from last year’s record numbers, home sale activity in Metro Vancouver’s housing market remained elevated in March.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 4,344 in March 2022, a 23.9 per cent decrease from the 5,708 sales recorded in March 2021, and a 26.9 per cent increase from the 3,424 homes sold in February 2022. 

Last month’s sales were 25.5 per cent above the 10-year March sales average. 

“March of 2021 was the highest selling month in our history. This year’s activity, while still elevated, is happening at a calmer pace than we experienced 12 months ago,” Daniel John, REBGV Chair said. “Home buyers are keeping a close eye on rising interest rates, hoping to make a move before their locked-in rates expire.” 

There were 6,673 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in March 2022. This represents a 19.5 per cent decrease compared to the 8,287 homes listed in March 2021 and a 22 per cent increase compared to February 2022 when 5,471 homes were listed.

 
The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 7,628, a 16.6 per cent decrease compared to March 2021 (9,145) and a 13.1 per cent increase compared to February 2022 (6,742). 

“We’re still seeing upward pressure on prices across all housing categories in the region. Lack of supply is driving this pressure,” John said. “The number of homes listed for sale on our MLS® system today is less than half of what’s needed to shift the market into balanced territory.” 

For all property types, the sales-to-active listings ratio for March 2022 is 56.9 per cent. By property type, the ratio is 38.8 per cent for detached homes, 73.3 per cent for townhomes, and 70.3 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 $1,360,500. This represents a 20.7 per cent increase over March 2021 and a 3.6 per cent increase compared to February 2022. 

Sales of detached homes in March 2022 reached 1,291, a 34.3 per cent decrease from the 1,965 detached sales recorded in March 2021. The benchmark price for a detached home is $2,118,600. This represents a 23.4 per cent increase from March 2021 and a 3.6 per cent increase compared to February 2022. 

Sales of apartment homes reached 2,310 in March 2022, a 14.3 per cent decrease compared to the 2,697 sales in March 2021. The benchmark price of an apartment home is $835,500. This represents a 16.8 per cent increase from March 2021 and a 3.4 per cent increase compared to February 2022. 

Attached home sales in March 2022 totalled 743, a 29.0 per cent decrease compared to the 1,046 sales in March 2021. The benchmark price of an attached home is $1,138,300. This represents a 4.4 per cent increase from March 2021 and a 28.1 per cent increase compared to February 2022.

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雖然比去年春天的紀錄更平靜些，大溫哥華地區的購房者需求仍然強勁

雖然低於去年的紀錄，但大溫哥華地區房地產市場的房屋銷售活動在3月份仍然強勁。 大溫哥華房地產局（REBGV）報告顯示，2022年3月大溫哥華地區住宅銷售總額為4,344套，比2021年3月的5,708套下降了23.9%，相比2022年2月售出的3,424套房屋銷量增長了26.9%。上個月的銷售量比3月份的10年銷量平均水準高出25.5%。

REBGV主席Daniel John表示: "2021年3月是我們歷史上銷量最高的月份。今年的銷售雖然仍然強勁，但相較於我們12個月前經歷的銷售速度較為平靜。 購房者正在密切關注利率上升，希望在鎖定利率期截止之前採取行動。

2022年3月，在大溫哥華地區的房源上市系統®（MLS®）上，有6,673套獨立，聯排/城市屋和公寓物業新上市出售。與2021年3月上市的8,287套房屋相比減少了19.5%，與2022年2月的5,471套房屋相比增長了22%。

目前在大溫哥華地區MLS®系統上掛牌待售的房屋總數為7,628套，與2021年3月（9,145套）相比下降了16.6%，與2022年2月（6,742套）相比增長了13.1%。

Daniel John表示: “ 我們仍然看到該地區所有住房類別的價格面臨上行壓力，供應不足為主要因素。相較於將市場轉移到平衡領域所需的待售量，目前在我們的MLS®系統上列出的待售房屋數量不到所需數量的一半。”

對於所有房產類型，2022年3月的售出房源與上市房源比率為56.9%。按房屋類型區分，獨立式住宅的售出房源與上市房源比率為38.8%，聯排別墅為73.3%，公寓為70.3%。

分析師表示，一般來說，當售出房源與上市房源比率持續降至12%以下時，房價就會出現下行壓力，而售出房源與上市房源比率在數月超過20%時，房價往往會面臨上行壓力。

大溫哥華地區所有住宅物業的MLS®房屋價格指數綜合基準價格目前為1,360,500加元。這比2021年3月增長了20.7%，比2022年2月增長了3.6%。

2022年3月獨立式住宅的銷售量達到1,291套，比2021年3月的1,965套獨立式住宅銷量下降34.3%。獨立式住宅的基準價格為2,118,600加元。這比2021年3月增長了23.4%，比2022年2月增長了3.6%。

2022年3月公寓銷售量達到2,310套，與2021年3月的2,697套相比下降了14.3%。公寓的基準價格為835,500加元。這比2021年3月增長了16.8%，比2022年2月增長了3.4%。

2022年3月聯排/城市屋房屋 銷售量為743套，與2021年3月的1,046套相比下降了29.0%。聯排/城市屋房屋的基準價格為1,138,300加元。這比2021年3月增長了4.4%，比2022年2月增長了28.1%。

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