Market Update

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 totaled 3,494 in October 2021, a 5.2% decrease from October 2020, and an 11% increase from September 2021.⁠ ⁠

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,034, and the sales-to-active listings ratio for October 2021 is 43.5%. ⁠

⁠ “Rising fixed mortgage rates should eventually help ease demand, but for now sales remain strong and buyers with rate hold will remain motivated to find a property for the rest of the year,” Keith Stewart, REBGV economist said.⁠ ⁠

To better understand the latest home price trends in your preferred location and home type, talk with your local REALTOR® today! ⁠ 

📞 604-787-4691⁠ ✉️ adam@adamlloyd.ca⁠ ⁠

For more MARKET UPDATE, please visit www.adamlloyd.ca⁠

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