Numbers show sales-to-active listings are 94.6 per cent for condominiums, 76.1 per cent for townhomes and 31 per cent for detached homes.

VANCOUVER—Home sales across Metro Vancouver rebounded to near record levels in May but demand is now being driven by condominiums and townhomes, a real estate expert says.

That’s a shift from booming single-family home sales last year, said Real Estate Board of Greater Vancouver president Jill Oudil.

“First-time buyers and people looking to downsize from their single-family homes are both competing for these two types of housing,” she said in a news release.

Source: https://www.thestar.com/business/real_estate/2017/06/02/condos-townhomes-hottest-sellers-in-metro-vancouver-real-estate-board.html

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