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

Guidance for fully vaccinated coming soon: Tam

More than 7.5 million Canadians, or 20 per cent of the entire population, has now received both doses of a COVID-19 vaccine but there is still no guidance on what that means for personal behaviour.

Guidance for fully vaccinated coming soon: Tam

MPs: Add to internet bills to subsidize low-income

A House of Commons committee is recommending the government consider adding a little extra to internet and wireless bills so those who can afford it can help those having a hard time covering costs.

MPs: Add to internet bills to subsidize low-income

Study rates Canadian governments on conservation

A new report grades Canadian governments in how they responded to the country's international promise to conserve at least 17 per cent of its land mass and 10 per cent of its oceans by 2020.

Study rates Canadian governments on conservation

CRA audits of ultra-wealthy yield zero convictions

Data from the Canada Revenue Agency shows its recent efforts to combat tax evasion by the super-rich have resulted in zero prosecutions or convictions.

CRA audits of ultra-wealthy yield zero convictions

Canadians say COVID-19 restrictions should stay

Sixty-nine per cent of respondents to an online survey by Leger and the Association for Canadian Studies say restrictions should stay in place as people continue to get vaccinated against the novel coronavirus.

Canadians say COVID-19 restrictions should stay

Commission on election debates sets criteria

The commission of the official leaders' debates for Canada's elections says one of the criteria for participating in the next set is parties must have at least four per cent of national support.