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November home sales up nearly 12% from last year: Vancouver real estate board – Energeticcity.ca

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The number of homes listed for sale in Metro Vancouver reached 7,144 last month, a 35.7 per cent decrease from 11,118 in November 2020 and a 11.1 per cent  decrease from 8,034 in October 2021.

The benchmark price for a home in the region hit $1,211,200, up 16 per cent from last November and one per cent from October 2021.

The board’s economist says the figures indicate that home sales will end the year at or near an all-time record for the region.

“We’ve had elevated home sale activity throughout 2021, despite persistently low levels of homes available for sale,” Keith Stewart, said in a statement. 

“With a new year around the corner, it’s critical that this supply crunch remains the focus for addressing the housing affordability challenges in our region.”

This report by The Canadian Press was first published Dec. 2, 2021.

The Canadian Press

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Canadian Real Estate Prices Jump Another $17,000 and Growth Is Accelerating – Better Dwelling

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Canadian Real Estate Prices Jump Another $17,000 and Growth Is Accelerating  Better Dwelling



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Canadian home sales up 0.2% in December

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Canadian home sales rose 0.2% in December from November even as supply fell to a record low level, data from the Canadian Real Estate Association showed on Monday.

The national average selling price was C$713,500 ($569,161) in December, up 17.7% from a year earlier, the industry group said.

($1 = 1.2536 Canadian dollars)

 

(Reporting by Julie Gordon in Ottawa)

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New analytics tool helps companies take the guesswork out of their real estate needs – Business in Vancouver

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New analytics tool helps companies take the guesswork out of their real estate needs – Real Estate | Business in Vancouver


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