The Saretsky Report. May 2020

Steve Saretsky -

It was another month to forget, not just for the Vancouver housing market but the world in general. On a more positive note, things appear to be getting better on the virus front, at least in BC anyways. This encouraged buyers to step outside, and become a bit more comfortable with testing the waters in the housing market. Sales across Greater Vancouver increased 34% month-over-month. However, let’s not get too ahead of ourselves here. Despite the pick-up in activity, the 1499 sales registered for the month of May was the lowest total for the month since we began collecting data in the early 1990’s. Although, it certainly helped that new listings crashed 37% year-over-year to new lows. In essence, people opting not to sell helped cushion the housing market. It’s impossible to put an exact percentage on prices in a highly volatile market, however, we are seeing minor price declines in the condo market which we’ll get into later in the report.


Steve is a regular speaker at industry events, hosts an online video series ‘The Saretsky Show’, and authors the popular “Saretsky Report” which is read by over 7000 subscribers.

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The Saretsky Report. December 2022