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Statistics  released today by the Canadian Real Estate Association (CREA) show national home sales remained historically high in December 2021, as the end-of-month supply of properties for sale hit an all-time low.

Highlights:

• National home sales inched up 0.2% on a month-over-month basis in December.
• Actual (not seasonally adjusted) monthly activity came in 9.9% below the record posted in December 2020.
• The number of newly listed properties fell 3.2% from November to December.
• The MLS® Home Price Index (MLS® HPI) rose 2.5% month-over-month and was up a record 26.6% year-...

The British Columbia Real Estate Association (BCREA) reports that a record 124,854 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2021, a 32.8 per cent increase from the 94,001 units sold in 2020. The annual average MLS® residential price in BC was $927,877, an 18.7 per cent increase from $781,572 recorded the previous year. Total sales dollar volume was $115.8 billion, a 57.7 per cent increase from 2020.

“Last year was a record year for BC homes sales with seven market areas setting new highs,” said BCREA Chief Economist Brendon Ogmundson....

Metro Vancouver* home sales reached an all-time high in 2021 as housing needs remained a top priority for residents in the second year of the COVID-19 pandemic.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 43,999 in 2021, a 42.2 per cent increase from the 30,944 sales recorded in 2020, a 73.6 per cent increase from the 25,351 homes sold in 2019, and a four per cent increase over the previous all-time sales record of 42,326 set in 2015.

Last year’s sales total was 33.4 per cent above the 10-year sales average.

“Home has...

The British Columbia Real Estate Association (BCREA) reports that a total of 9,159 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November 2021, a decrease of 3.4 per cent from November 2020. The average MLS® residential price in BC was $993,922, a 22.1 per cent increase from $814,310 recorded in November 2020. Total sales dollar volume was $9.1 billion, a 17.9 per cent increase from the same time last year.

“Provincial MLS® home sales reached a new annual record in November with still one month to go in 2021,” said BCREA Chief Economist...

As we near the end of 2021, home buyer demand remains well in excess of long-term averages and the supply of homes for sale continues to decline across Metro Vancouver’s* housing market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,428 in November 2021, an 11.9 per cent increase from the 3,064 sales recorded in November 2020, and a 1.9 per cent decrease from the 3,494 homes sold in October 2021.

Last month’s sales were 33.6 per cent above the 10-year November sales average.

“We expect home sale totals to end the...

The BCREA Commercial Leading Indicator (CLI) fell from 155.4 to 150.9 in the third quarter of 2021,representing the first decline since the economy began recovering from the COVID-19-induced recession.Compared to the same time last year, the index was up by 9 per cent.

It is important to note that while the economy generally continues recovering strongly, we are still in a very abnormal and uncertain environment for commercial real estate. Therefore, the strong economic and employment growth we have seen in previous quarters may not translate...

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales have already set a new annual record in 2021.

Highlights:

• National home sales rose 8.6% on a month-over-month basis in October.
• Actual (not seasonally adjusted) monthly activity was down 11.5% on a year-over-year basis.
• The number of newly listed properties climbed by 3.2% from September to October.
• The MLS® Home Price Index (MLS® HPI) rose 2.7% month-over-month and was up 23.4% year-over-year.
• The actual (not seasonally adjusted) national average sale price posted an 18.2% year-over-year...

Bright and Spacious

Updates Throughout

2 bed, 2 bath, 1124sqft

Priced at $624,800

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FINALLY! The search is over. Welcome to this bright, spacious and updated corner/end unit home with plenty of windows and natural light. Conveniently located w/street access in Serenity, a pet & rental friendly SFU, UniverCity townhome complex. This 2bed/2bath/1124sqft., home features: an open layout, fresh paint, quality wood flooring, crown moldings, over height ceilings, no-cord privacy blinds, cozy F/P, cute patio, tree/mountain views & much more. Enjoy the large kitchen w/SS apps,...

Bright and Spacious

Updates Throughout

2 bed, 2 bath, 1124sqft

Priced at $624,800

Click here for more... 

FINALLY! The search is over. Welcome to this bright, spacious and updated corner/end unit home with plenty of windows and natural light. Conveniently located w/street access in Serenity, a pet & rental friendly SFU, UniverCity townhome complex. This 2bed/2bath/1124sqft+ home features: an open layout, fresh paint, quality wood flooring, crown moldings, over height ceilings, no-cord privacy blinds, cozy F/P, cute patio, tree/mountain views & much more. Enjoy the large kitchen w/SS...

Home sale activity in Metro Vancouver* remained above historical averages in October while the overall supply of homes for sale dipped to levels not seen in three years.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,494 in October 2021, a 5.2 per cent decrease from the 3,687 sales recorded in October 2020, and an 11 per cent increase from the 3,149 homes sold in September 2021.

Last month’s sales were 22.4 per cent above the 10-year October sales average.

“Home sale activity continues to outpace what’s typical for...

Third Quarter – August 2021

The pace of home sales in the province has slowed in recent months but an unprecedented start to the year still has BC on track for a record-breaking year.

An expected second-half slowdown has arrived, prompted by eroding affordability and a tightening of mortgage qualification rules. However, with the BC economy on track for very strong growth this year and next, along with the eventual return of normal migration flows, home sales are anticipated to remain well above long-run average levels into 2022.

Canadian mortgage rates have remained stable after rising from...

Spacious & Open Layout

Lush Forest Outlook

2 Bed + Den, 2 Bath, 1024sqft

Priced at $598,800

Click here for more...

Bright, spacious and very private. Just a few ways to describe this immaculate one-owner home. Welcome to a 2 bed + den, 2 bath, 1024sqft home with lush forest outlook that breaks away during winter months to allow for plenty of natural light. Located in Novo II, a concrete building found in UniverCity; Vancouver's premier lifestyle neighborhood, allowing for rentals and pets. Features: new flooring, new dishwasher, open layout, plenty of counter and cupboard space, island w/breakfast...

The trend in housing starts was 271,068 units in September 2021, down from 284,757 units in August 2021, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

“The six-month trend in housing starts declined from August to September, with total starts continuing to pull back from their earlier 2021 levels,” said Bob Dugan, CMHC's chief economist. “Single-detached and multi-family SAAR starts were both lower in Canada’s urban areas...

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales edged up between August and September 2021.

Highlights:

• National home sales rose 0.9% on a month-over-month basis in September.
• Actual (not seasonally adjusted) activity was down 17.5% on a year-over-year basis.
• The number of newly listed properties declined by 1.6% from August to September.
• The MLS® Home Price Index (MLS® HPI) rose 1.7% month-over-month and was up 21.5% year-over-year.
• The actual (not seasonally adjusted) national average sale price posted a 13.9% year-over-year gain...

The British Columbia Real Estate Association (BCREA) reports that a total of 9,164 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in September 2021, a decrease of 19.9 per cent from September 2020. The average MLS® residential price in BC was $913,471, a 14 per cent increase from $801,241 recorded in September 2020. Total sales dollar volume was $8.4 billion, an 8.6 per cent decline from last year.

“Home sales have settled at levels that are slightly above long-term average,” said BCREA Chief Economist Brendon Ogmundson. “The main story...