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Metro Vancouver home sales hit record in 2021

Darpan News Desk The Canadian Press, 05 Jan, 2022 10:43 AM

The Real Estate Board of Greater Vancouver says home sales in Metro Vancouver hit an all-time record last year.

The board says sales in 2021 rose 42.2 per cent to 43,999 compared with 30,944 in 2020.

The previous record was 42,326 set in 2015.

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 https://t.co/1UVKYMr5Cy #REBGV #vanre #vancouverrealestate
— REBGV (@REBGV) January 5, 2022

The record year came as home sales in the region in December totalled 2,688, down from 3,093 sales recorded in December 2020 and 3,428 homes sold in November 2021.

The benchmark price for all residential properties increased 17.3 per cent from the prior year to $1.23 million.

Sales of detached homes in December 2021 totalled 794, down from 1,026 sales in December 2020, attached home sales fell to 430 compared with 593 a year earlier and apartment home sales dipped to 1,464 in December, from 1,474 a year earlier.

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