{"id":1453,"date":"2021-05-04T13:30:00","date_gmt":"2021-05-04T20:30:00","guid":{"rendered":"https:\/\/rodrhearyan.com\/blog\/rod-rhea-ryan-hayes-neighbourhood-tri-city-realtor-royal-lepage-sterling-sellers-buyers-average-price-increasing-2021-invest-money-supply-active-listings-historic-percentage\/"},"modified":"2026-04-08T09:24:10","modified_gmt":"2026-04-08T16:24:10","slug":"rod-rhea-ryan-hayes-neighbourhood-tri-city-realtor-royal-lepage-sterling-sellers-buyers-average-price-increasing-2021-invest-money-supply-active-listings-historic-percentage","status":"publish","type":"post","link":"https:\/\/www.rodrhearyan.com\/blog\/rod-rhea-ryan-hayes-neighbourhood-tri-city-realtor-royal-lepage-sterling-sellers-buyers-average-price-increasing-2021-invest-money-supply-active-listings-historic-percentage\/","title":{"rendered":"Supply response emerges in Metro Vancouver\u2019s active housing market (via REBGV)"},"content":{"rendered":"

H<\/span>ome sellers ha<\/span>ve become increasingly <\/span>act<\/span>ive in M<\/span>etro <\/span>Vancouver’s* housing market <\/span>this <\/span>spring in response <\/span>to heightened demand and rising home <\/span>values t<\/span>hat have <\/span>materialized during t<\/span>he pandemic. <\/span><\/p>\n

The Real E<\/span>state Board of<\/span> Greater V<\/span>ancouver (REBGV) r<\/span>eports t<\/span>hat r<\/span>esidential home <\/span>sales i<\/span>n<\/span> the <\/span>region totalled 4,908 in April <\/span>2021,<\/span> a 342.6 pe<\/span>r c<\/span>ent<\/span>increase f<\/span>rom<\/span> the 1,109 s<\/span>ales r<\/span>ecorded i<\/span>n <\/span>April <\/span>2020, a<\/span>nd a<\/span> 14 pe<\/span>r cent<\/span> decrease f<\/span>rom<\/span> the 5,708 homes <\/span>sold in March <\/span>2021. <\/span><\/p>\n

Last m<\/span>onth’s s<\/span>ales w<\/span>ere 56.2 pe<\/span>r cent<\/span> above the 10-year April sales av<\/span>erage and is <\/span>the <\/span>highest <\/span>total on r<\/span>ecord f<\/span>or the <\/span>month. <\/span><\/p>\n

“Our <\/span>hous<\/span>ing market <\/span>has changed consi<\/span>derably from one <\/span>year ago when COVID-<\/span>19 <\/span>concerns <\/span>brought <\/span>activity to a ne<\/span>ar <\/span>standstill,” <\/span>Keith S<\/span>tewart, R<\/span>EBGV<\/span>’s economist said. “<\/span>Thi<\/span>s was <\/span>followed by a <\/span>well-documented spike <\/span>in home buyer <\/span>demand <\/span>across the <\/span>region. So<\/span> far this <\/span>spring, w<\/span>e’ve <\/span>seen a<\/span> corresponding supply response <\/span>from <\/span>home <\/span>sellers<\/span>.<\/span>” <\/span><\/p>\n

There were 7,938 detached,<\/span> attached and ap<\/span>artment<\/span>homes <\/span>newly <\/span>listed f<\/span>or sale on<\/span> the<\/span> Multiple <\/span>Lis<\/span>ting Service® (MLS®) <\/span>in Metro Vancouver <\/span>in April <\/span>2021.<\/span> This r<\/span>epresents a 243.2 pe<\/span>r cent<\/span>increase compared to the 2,313 hom<\/span>es lis<\/span>ted in April <\/span>2020, a<\/span> 4.2 per c<\/span>ent<\/span> decrease compared to <\/span>March 2021 w<\/span>hen 8,287 <\/span>homes w<\/span>ere l<\/span>isted<\/span> and<\/span> is the <\/span>highest <\/span>new lis<\/span>ting<\/span> tot<\/span>al ever recorded in <\/span>the <\/span>region in A<\/span>pril<\/span><\/p>\n

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Home sellers have become increasingly active in Metro Vancouver’s* housing market this spring in response to heightened demand and rising home values that have materialized during …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-1453","post","type-post","status-publish","format-standard","hentry","category-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t