Real Estate Blog by Adina

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Vancouver Market Update - January 2016

Blog by Adina Dragasanu, Personal Real Estate Corporation | February 22nd, 2016

Home buyer activity remains at near record levels across the Metro Vancouver housing market.

Residential property sales in Metro Vancouver* totalled 2,519 in January 2016, an increase of 31.7 per cent from the 1,913 sales recorded in January 2015 and a 10.9 per cent decline compared to December 2015 when 2,827 home sales occurred.

Last month’s sales were 46 per cent above the 10-year sales average for the month and rank as the second highest January on record.

“Fundamental economics are driving today’s market. Home buyer demand is at near record heights and home seller supply is as low as we’ve seen in many years,” Darcy McLeod, REBGV president said.

Read Full Report & Downlaod the REBGV January Stats Package here