January Market Update
Posted on Feb 10, 2021 in Monthly Market Stats
Without hesitation, the first month of 2021 saw a continued level of demand that has outpaced incoming supply.
During a historically slower month for sales, we've kicked off the year in an environment that is increasingly competitive.
Check out summary of January stats below!
- 36.4% increase in sales (2,389) compared to the 10-year January sales aver...
December Market Update
Posted on Jan 14, 2021 in Monthly Market Stats
Strong activity in December rounded out 2020 to be in line with annual sales averages, after a complete stand still at the beginning of the pandemic. Home sales totalled 30,944 in 2020, which is a 22.1% increase from the 25,351 sales we saw in 2019.
Looking into 2021, the Bank of Canada has forecasted no immediate increase to the overnight rate, le...
November Market Update
Posted on Dec 07, 2020 in Monthly Market Stats
November home sales continue to outshine historical averages, with last month bringing in over 3,000 sales for the first time since 2015. We're continuing to see homes often selling within 1 week of list, regularly in multiple offers. Most popular right now continues to be the townhome and detached market, with keen focus towards having more space...
October Market Update: Greater Vancouver & East Vancouver
Posted on Nov 13, 2020 in Monthly Market Stats
Another busy month with prices continuing to increase in most areas due to competition increasing with less inventory to choose from, as we move toward typically slower late Fall/Winter months.
Check out summary of Greater Vancouver October stats below!
- 34.7% increase in sales (3,687) increase in sales compared to the 10-year October sales average...
Record High Sales in September
Posted on Oct 09, 2020 in Monthly Market Stats
The effects of COVID have created a build-up of buyers and we're experiencing the peak of activity thus-far.
September has been another record breaker, shattering the forecasted market decline projected by many industry giants and commentators. It's been a month spent in multiple-offer situations and seeing consistent increase of buyer demand in lar...
Hot August!
Posted on Sep 06, 2020 in Monthly Market Stats
August was not a let down coming off the heels of a record breaking July!
With social effects of COVID-19 pushing back the Spring market to be sprinkled throughout the summer, we saw August 2020 outpace historical averages for the Metro Vancouver area.
- 36.6% increase in home sales compared to August 2019
- 2.6% decrease in home sales compared to Jul...