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

Chamber to leaders: Let's talk critical minerals

The chamber says Canada is missing a "major opportunity" to be a world power in producing the minerals and rare-earth elements that power everything from cellphones to electric cars.

Chamber to leaders: Let's talk critical minerals

Four leaders square off in first campaign debate

Only four leaders — the Liberals' Justin Trudeau, the Conservatives' Erin O'Toole, the Bloc Québécois' Yves-Francois Blanchet and the NDP's Jagmeet Singh — will take part.

Four leaders square off in first campaign debate

August home sales slowed, prices rose: REBGV

The board says August home sales in the region totalled 3,152, a 3.4 per cent increase from 3,047 last August, but a 5.2 per cent decrease from 3,326 in July. The board says sales last month were about 20 per cent higher than the 10-year August sales average.

August home sales slowed, prices rose: REBGV

A look at vaccine passports across Canada

Starting Sept. 13, people will have to show proof of having had a single dose of a vaccine to enter gyms, fitness centres and casinos. After Oct. 24, those aged 12 and older will need to be fully vaccinated at least seven days earlier. The government says the B.C. Vaccine Card will be downloaded onto mobile phones.

A look at vaccine passports across Canada

785 COVID19 cases for Wednesday

B.C. added 785 new COVID-19 cases for Wednesday. There have now been 166,853 cases of COVID-19 in B.C. since the pandemic began, as well as 1,818 related deaths.

785 COVID19 cases for Wednesday

Threatening note received at Langley Islamic Center

Investigators have engaged the BC Hate Crime Unit and INSET (Integrated National Security Enforcement Team) to collaborate and are endeavouring to identify the author of the note and following all investigative avenues in this investigation.