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Home buyers and sellers activity reached unprecedented levels across Metro Vancouver in March. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region were 126.1 % what they were in March 2020, and 53.2 % more compared to that one in February 2021.


Last month’s sales were the highest monthly sales total ever recorded in the region. While we noticed a record number of listings enter the market last month, at the same time, the demand is so high that it isn’t allowing home inventory to accumulate.


That’s why the overall inventory of homes for sale decreased compared to last year.

The current real estate market situation can partly be attributed to an economy that is showing signs of recovery, historically low-interest rates, high demand for homes, and increased household savings.

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CBC | Business News

17/06/2021
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.