July 2022 – Lower Mainland Monthly Update (REBGV & FVREB) | Shauna O'Callaghan

With the 2nd lowest sales in a decade, the Vancouver RE market is taking a long-overdue summer break this year.

YTD sales are still above the 10-year average, but will likely dip below by months’ end.

The most reliable indicator of market prices is the Sales to Active Listings Ratio (SAL). This is the ratio between the number of sales in a given month and the number of active listings at month-end.

We offer all the real estate services you need

Macdonald Realty was founded in Vancouver in 1944 and has continued to grow through the years and the changes in the real estate market. We’re solid, established and respected, with 20 offices throughout British Columbia. Today, we’re Western Canada’s largest independent full service real estate company, with Residential, Commercial, Property Management and Project Marketing divisions. And we’re still proudly BC owned and operated.

About Shauna

As an agent with the largest realtor network in Canada, Macdonald Realty, Shauna O’Callaghan, works locally on a national scale. Shauna’s excellent reputation is the result of unparalleled respect for clients and market smarts.