National

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.

Prev Next

MORE National ARTICLES

NDP leader defends leadership after minimal gains

New Democrats had high hopes heading into Monday’s vote that a breakthrough might be coming thanks to greater voter recognition of Singh, more money to spend on the campaign, and a sense the Liberals under Justin Trudeau were vulnerable.

NDP leader defends leadership after minimal gains

Justin Trudeau's Liberals win second minority

Late Monday, Justin Trudeau's Liberals were leading or elected in 157 seats — exactly the same number they won in 2019, 13 short of the 170 needed for a majority in the House of Commons.

Justin Trudeau's Liberals win second minority

Special prosecutor named after mayor's complaint

The BC Prosecution Service says Juk concluded a special prosecutor was needed in light of allegations made by Mayor Doug McCallum amid ongoing public discussions about the RCMP in Surrey being replaced by a municipal police force.

Special prosecutor named after mayor's complaint

New travel rules ignore Canada-U.S. border ban

Air travel to the U.S. from Canada has never been restricted, and it's not yet clear whether the new vaccination rules will be imposed on Canadian passengers when they take effect. The rules at the Canada-U.S. border have also allowed trade and essential workers to move between the two countries unfettered.

New travel rules ignore Canada-U.S. border ban

Elections Canada reports disruptions at some polls

While the majority of polling stations opened on time and without incident, Elections Canada spokeswoman Diane Benson says issues have been reported with several sites in Ontario and Western Canada, resulting in some stations opening late or having to be relocated.

Elections Canada reports disruptions at some polls

1,692 COVID19 cases over 3 days

There are 5,608 active cases of COVID-19 in the province and 171,769 people who tested positive have recovered. Of the active cases, 307 individuals are in hospital and 156 are in intensive care. The remaining people are recovering at home in self-isolation.