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

501 COVID19 cases for Tuesday

The number of active infections is up to nearly 5,300, with about 58 per cent located in the Interior Health region. There are 111 people in hospital, an increase of seven since Monday, including 51 in intensive care.

501 COVID19 cases for Tuesday

Slow down - Surrey Traffic Services issue 41 tickets in two hours: Surrey RCMP

Police were in the area for two hours and in that short time issued 41 violation tickets and one impaired driver was taken off the streets through a 90-day Immediate Roadside Prohibition and a 30-day vehicle impound.

Slow down - Surrey Traffic Services issue 41 tickets in two hours: Surrey RCMP

All Canadian diplomats out of Afghanistan: Trudeau

The Department of National Defence has confirmed one of those planes carrying Canadian diplomats and special forces troops landed in Ottawa while a second plane arrived in Toronto carrying Afghans who previously helped Canada in Afghanistan.

All Canadian diplomats out of Afghanistan: Trudeau

Consequences for unvaxxed federal workers: Trudeau

Justin Trudeau is coming out firing today against public servants who can get vaccinated and choose not to, telling them they'll face "consequences" for their decision. What those consequences are, the Liberal leader won't say.

Consequences for unvaxxed federal workers: Trudeau

Showers slow B.C. wildfires but threat remains

The Regional District of Central Okanagan says it plans to contact individual property owners through the day to inform them about the state of their homes along the northwest side of Okanagan Lake.

Showers slow B.C. wildfires but threat remains

Meng defence expected to tackle reputational risk

Meng was arrested at Vancouver's airport in 2018 at the request of the United States, where she is wanted on fraud charges that both she and Huawei deny.