VANCOUVER, BC – November 2, 2021 – Home sale activity in Metro Vancouver* remained
above historical averages in October while the overall supply of homes for sale dipped to levels
not seen in three years.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the
region totalled 3,494 in October 2021, a 5.2 per cent decrease from the 3,687 sales recorded in
October 2020, and an 11 per cent increase from the 3,149 homes sold in September 2021.
Last month’s sales were 22.4 per cent above the 10-year October sales average.
“Home sale activity continues to outpace what’s typical for this time of year and the pool of
homes available for sale is in decline. This dynamic between supply and demand is causing
home prices to continue to edge up across the region,” Keith Stewart, REBGV economist said.
There were 4,049 detached, attached and apartment properties newly listed for sale on the
Multiple Listing Service® (MLS®) in Metro Vancouver in October 2021. This represents a 27.3
per cent decrease compared to the 5,571 homes listed in October 2020 and a 21.7 per cent
decrease compared to September 2021 when 5,171 homes were listed.