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Metro Vancouver home sales rise, listings fall

Mike Lloyd and Hana Mae Nassar - City News 1130 • September 15, 2021
VANCOUVER (NEWS 1130) – More people bought homes in Metro Vancouver in August but listings were down.

The Real Estate Board of Greater Vancouver says August was busier than expected on the sales side, down slightly from July but still more than 20 per cent above the 10-year average for the month.

The REBGV says there were 3,152 home sales last month, which is a 3.4 per cent increase over the same time last year. The month saw 4,032 new listings, down 30.6 per cent from 5,813 last August and off 7.9 per cent from 4,377 in July.

“Listings activity isn’t keeping up with the pace of demand. This is leaving the market under supplied,” said Keith Stewart, an REBGV economist.

The board notes that is keeping pressure on prices, adding housing supply is the biggest factor currently at play.

“To help relieve pressure on prices and improve peoples’ home buying options, the market needs a more abundant supply of homes for sale,” Stewart said. “Housing affordability has been a key issue in the federal election.”

The REBGV is encouraging Canada’s political parties to put a focus on solutions that will help create “more diverse housing options for hopeful home buyers” for years to come.

The board says its multiple listing service composite benchmark price for all residential properties reached $1,176,600 in August, up 13.2 per cent from the same period last year and a 0.1 per cent increase from July.

There are currently 9,005 homes listed for sale on the MLS system in the Metro Vancouver region.

🏑 Langley & Fraser Valley Market Update – What’s Happening in 2025

By Andy Schildhorn • February 18, 2025
Looking for the latest Langley and Fraser Valley real estate market trends? Wondering if now is the right time to buy or sell a home in Langley, Surrey, or Abbotsford? This video breaks down sales trends, home prices, and what to expect this spring. πŸ“‰ Sales are down πŸ“ˆ Inventory is rising πŸ’° Buyers have more negotiating power But with spring approaching, interest rate cuts expected, and growing inventory, what’s next for Fraser Valley’s housing market? πŸ“Š What’s Covered in This Video? βœ… Langley & Fraser Valley Home Prices: Detached, Townhomes & Condos βœ… Is It a Buyer’s Market? What You Need to Know βœ… Economic Factors Affecting Fraser Valley Real Estate 🏑 Buying or Selling in Langley or Fraser Valley? Let’s Talk! If you’re considering buying or selling a home in Langley, Fraser Valley, or surrounding areas, I can help you navigate the current market trends, pricing strategies, and investment opportunities. πŸ“Š Full FVREB Market Stats → bit.ly/FVREB-Stats πŸ“… Book a Call → https://calendly.com/andyschildhorn πŸ“ž 778.835.8957 πŸ“§ [email protected] 🌐 www.AndytheRealtor.com πŸ“Ί Subscribe for Weekly Langley & Fraser Valley Real Estate Updates! πŸ”” Like, Subscribe & Ring the Bell for More Market Insights! Thanks for watching—see you in the next video! πŸ‘‹

πŸŽ‰ Family Day Fun in Langley! πŸ‘¨‍πŸ‘©‍πŸ‘§‍πŸ‘¦πŸŽΆπŸŽ¨

By Andy Schildhorn • February 17, 2025
Langley residents have plenty of fun to choose from when deciding how to celebrate Family Day this month. Started in 2013, the annual statutory holiday is celebrated on the third Monday of February, but some local events also take place on the weekend leading up to Feb. 17. Find out more.

Sometimes we need to smile

By Andy Schildhorn • February 14, 2025
I typically steer away from politics in my content and anything like that. So....here's a baby beaver for no particular reason.
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