National

Vancouver home sales plateau after highs in March

Darpan News Desk The Canadian Press, 16 Sep, 2021 12:07 PM

- The Real Estate Board of Greater Vancouver says home sales have plateaued after reaching record highs in March.

In its third-quarter housing overview for 2021, it says the number of homes listed for sale in Metro Vancouver has fallen to lows not seen since 2016.

The board says new homes have continued to be built during the pandemic, with a specific focus on projects for the rental market.

It says Metro Vancouver's job market continues to recover, but the recovery will be slower in the future.

The report says job vacancies are high in the Lower Mainland compared with other cities in the country, and a large increase in housing supply is needed to close the gap.

The board says listings and sales across the region are expected to reflect long-term averages as the fourth quarter begins, and any increase in the number of homes for sale to be "at a rate well below historical norms."

Prev Next

MORE National ARTICLES

Job action fuels long lines at Canada-U.S. border

Guards who work for the Canada Border Services Agency were following procedures to the letter, part of a job action that began early Friday amid contract talks between the federal government and the Public Service Alliance of Canada's Customs and Immigration Union.

Job action fuels long lines at Canada-U.S. border

Privacy watchdog investigating federal Liberals

B.C. information and privacy commissioner Michael McEvoy's office confirmed the investigation today following a complaint from the Canadian Civil Liberties Association.

Privacy watchdog investigating federal Liberals

Homes lost to wildfire east of Kamloops, B.C.

Hundreds of properties in communities east and west of Monte Lake were already under evacuation order, but further evacuation orders had been issued by Friday morning.

Homes lost to wildfire east of Kamloops, B.C.

U.S. acted honourably says Canada attorney general

Monika Rahman told a British Columbia Supreme Court that the United States has a "very high" standard on what evidence to give in making its case for extradition and the lack of evidence doesn't justify a stay of proceedings.

U.S. acted honourably says Canada attorney general

White Rock Lake fire jumps Highway 97

Fire information officer Hannah Swift says the BC Wildfire Service doesn't have an update on the perimeter of the fire, last measured at 325-square kilometres, because crews are focused on suppressing the blaze and helping people get out of the area.