Inventory says.. Not a single new home sold on the west side in September, first zero sale month going back to 1994. Here’s the historical data:
Vancouver West New Home Sales September
YEAR = SALES / LISTINGS
1994 = 15 / 79
1995 = 16 / 157
1996 = 9 / 173
1997 = 12 / 126
1998 = 4 / 90
1999 = 4 / 35
2000 = 6 / 30
2001 = 2 / 35
2002 = 4 / 25
2003 = 14 / 43
2004 = 8 / 48
2005 = 15 / 43
2006 = 5 / 43
2007 = 4 / 42
2008 = 4 / 93
2009 = 11 / 74
2010 = 9 / 61
2011 = 0 / 77
Even the minicrash of 2008 saw four sales of new homes on the west side. The worst September for new home sales was back in 2001.
VMD also notes Burnaby sales are not looking so hot:
[Confirmed: Burnaby Sept/11 SFH Sales Lowest in 5+ years. 60% of last year, 1/3 of 2009, lower than 2008 levels]
2011: 46 (I predicted 45 on post #2)
2010: 75
2009: 127
2008: 51
2007: 81