Blog

While still elevated, home sale and listing activity in Metro Vancouver* has eased back from the record-setting pace seen in March and April of this year.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,762 in June 2021, a 54 per cent increase from the 2,443 sales recorded in June 2020, and an 11.9 per cent decrease from the 4,268 homes sold in May 2021.

The Metro Vancouver housing market saw steady home sale and listing activity in May, a shift back from the record-breaking activity seen in the earlier spring months.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 4,268 in May 2021, a 187.4 per cent increase from the 1,485 sales recorded in May 2020, and a 13 per cent decrease from the 4,908 homes sold in April 2021.
 
Last month’s sales were 27.7 per cent above the 10-year May sales average.

Home sellers have become increasingly active in Metro Vancouver’s housing market this spring in response to heightened demand and rising home values that have materialized during the pandemic.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 4,908 in April 2021, a 342.6 per cent increase from the 1,109 sales recorded in April 2020, and a 14 per cent decrease from the 5,708 homes sold in March 2021.

Last month’s sales were 56.2 per cent above the 10-year April sales average and is the highest total on record for the month.

“Our housing market has changed considerably from one year ago when COVID-19 concerns brought activity to a near standstill,” Keith Stewart, REBGV’s economist said. “This was followed by a well-documented spike in home buyer demand across the region. So far this spring, we’ve seen a corresponding supply response from home sellers.” 

Congratulations to my client for making a quick decision to buy a 2 bedroom 2 full bath unit at SAAVIN. A new development next to the skytrain station and walking distance to Metrotown Shopping Centre, Burnaby. My client will move in before the end of the month.   

Address:  409 – 6968 Royal Oak Ave, Burnaby BC

Congrats to my clients.
403 828 Agnes Street, New Westminster BC
This listing has been sold in just 1 week on the market and over the asking price!
Congrats to the buyer who finds a dream home!

Have plans to upgrade or downsize, contact Eva Li today!
All meetings and discussions can be arranged by an online meeting.

Competition amongst home buyers is putting upward pressure on home prices across Metro Vancouver’s* housing market. 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,727 in February 2021, a 73.3 per cent increase from the 2,150 sales recorded in February 2020, and a 56 per cent increase from the 2,389 homes sold in January 2021. 

Last month’s sales were 42.8 per cent above the 10-year February sales average.