News: Vancouver Real Estate Market

In September 2020 the Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 3,643. This is a 56.2% increase from the 2,333 sales recorded in September 2019 and a 19.6% increase from the 3,047 homes sold in August 2020.

"We've seen robust home sale and listing activity across Metro Vancouver throughout the summer months," Colette Gerber, REBGV Chair said. "This increased activity can be attributed, in part, to lower interest rates and changing housing...

In August 2020, residential home sales in the region totaled 3,047 according to the Real Estate Board of Greater Vancouver (REBGV). This is a 36.6% increase from the 2,231 sales recorded in August 2019 and a 2.6% decrease from the 3,128 homes sold in July 2020.

"People who put their home buying and selling plans on hold in the spring have been returning to the market throughout the summer," Colette Gerber, REBGV Chair said. "Like everything else in our lives these days, the uncertainty COVID-19 presents...

In July 2020, the British Columbia Real Estate Association (BCREA) reported a total of 10,090 residential unit sales recorded by the Multiple Listing Service® (MLS®). This showed an increase of 26.6% from the same month last year. The average MLS® residential price in BC was $770,810, a 12.9% increase from $682,702 recorded the previous year. Total sales dollar volume in July was $7.8 billion, a 43% increase over 2019.

"The strong recovery in sales activity continued in July," said BCREA...

In July 2020, residential home sales in the region totaled 3,128 according to the Real Estate Board of Greater Vancouver (REBGV). This represents a 22.3% increase from the 2,557 sales recorded in July 2019 and a 28% increase from the 2,443 homes sold in June 2020.

"We're seeing the results today of pent up activity, from both home buyers and sellers, that had been accumulating in our market throughout the year," Colette Gerber, REBGV Chair said. "Low-interest rates and limited overall supply are also...

Residential home sales in the region totalled 2,443 in June 2020 accroding to the Real Estate Board of Greater Vancouver (REBGV). This is a 17.6% increase from 2,077 sales recorded in June 2019 and a 64.5% increase from the 1,485 homes sold in May 2020.

"REALTORS® continue to optimize new technology tools and practices to help their clients meet their housing needs in a safe and responsible way," Colette Gerber, REBGV Chair said "Over the last three months, home buyers and sellers have become...

The British Columbia Real Estate Association (BCREA) has released its 2020 Second Quarter Forecast. According to the release, a 21% decline in Multiple Listing Service® (MLS®) residential sales to approximately 61,000 units this year, after recording 77,347 residential sales in 2019. MLS® residential sales are forecast to increase by 45.3% to 88,500 units in 2021.

"The bright outlook for 2020 home sales has been upended by the COVID-19 pandemic and resulting recession," said Brendon Ogmundson,...

According to the British Columbia Real Estate Association (BCREA), there was a total of 3,284 residential units recorded by the Multiple Listing Service® (MLS®) in April 2020. This is a decline of 50.8% from April 2019.

The average MLS® residential price in BC was $737,834, a 7.8% increase from $684,430 recorded the previous year. Total sales dollar volume in March was $2.4 billion, a 46.9% decrease over 2019.

"We expected to see a sharp drop in sales for April as we confronted the COVID-19...

In April 2020, the residential home sales in the region totaled 1,109 as per the Real Estate Board of Greater Vancouver (REBGV). This is a 39.4% decrease from the 1,829 sales recorded in April 2019 and a 56.1% decrease from the 2,524 homes sold in March 2020.

"Predictably, the number of home sales and listings declined in April given the physical distancing measures in place," Colette Gerber, REBGV’s president-elect said. "People are, however, adapting. They’re working with their Realtors...

In March 2020, the British Columbia Real Estate Association (BCREA), reported a total of 6,717 residential unit sales recorded by the Multiple Listing Service® (MLS®). This is a 17.2% increase from March 2019. The average MLS® residential price in BC was $789,548, a 15.1% increase from $685,592 recorded the previous year. The total sales dollar volume showed an increase of 35%, to $5.3 billion over 2019.

"Provincial housing markets started the month very strong before the COVID-19 pandemic...