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Housing market continues to moderate in June

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down between May and June 2021.

Summary:

  • National home sales declined by 8.4% on a month-over-month basis in June.
  • Actual (not seasonally adjusted) activity was up 13.6% year-over-year.
  • The number of newly listed properties edged back by 0.7% from May to June.
  • The MLS® Home Price Index (MLS® HPI) rose 0.9% month-over-month and was up 24.4% year-over-year.
  • The actual (not seasonally adjusted) national average sale price posted a 25.9% year-over-year gain in June.

Home sales recorded...

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Fantastic First Half of 2021


Despite many challenges, the first half of 2021 has been fantastic and I could not have done it without my amazing clients and referrals. Thank you so much and cannot wait to see what the 2nd half of the year will bring. Congrats to all the June Top 10 realtors!

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Housing Market Activity Normalizing After a Frenetic Year

The British Columbia Real Estate Association (BCREA) reports that a total of 11,070 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in June 2021, an increase of 34.7 per cent over June 2020. The average MLS® residential price in BC was $910,445, a 22.2 per cent increase from $745,194 recorded in June 2020. Total sales dollar volume was $10.1 billion, a 64.6 per cent increase from last year.

“As expected, housing market activity is calming to start the second half of 2021,” said BCREA Chief Economist Brendon Ogmundson. “That said, while down...

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Metro Vancouver’s housing market sets a steady, calmer pace to begin the summer season

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.

Last month’s sales were 18.4 per cent above the 10-year June sales average.

“Metro Vancouver’s housing market continues to experience strong seller’s market...

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