- Price of detached homes continue to outpace condominiums as Canadians trade location for square footage
- Despite strong push toward the suburbs, Toronto and Montreal single-family homes see double-digit price gains in city centres
- Median price of a two-storey home in Greater Vancouver rises 8.8% as buyers prioritize square footage
- Out-of-region buyers spur Maritimes’ home prices, as option of remote work and demand for large, affordable properties grows
News: Vancouver Real Estate Market
Posted in: Canada Real Estate , Greater Vancouver , Greater Vancouver Home Sales , Real Estate Stats
Fourth quarter regional highlights:
Posted on January 5, 2021 by David Reimers
Posted in: Greater Vancouver Housing , Greater Vancouver Real Estate Board , Market Updates , Real Estate Board , real estate sales , real estate stats
Strong December home sales brought Metro Vancouver's* 2020 sales total in line with the long-term annual average.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 30,944 in 2020, a 22.1% increase from the 25,351 sales recorded in 2019, and a 25.7% increase from the 24,619 homes sold in 2018.
Last year's sales total was 2.8% below the 10-year sales average.
"When the pandemic began in March, the housing market came to a near...