Metro Vancouver* home sales reached an all-time high in 2021 as housing needs remained a top priority for residents in thesecond year of the
COVID-19 pandemic.

The Real Estate Board of Greater Vancouver (REBGV) reports that residentialhomesales in the region totalled 43,999 in 2021,a 42.2percent increase from the 30,944 sales recorded in 2020, a 73.6per cent increase from the 25,351 homes sold in 2019, and a four percent increase over the
previous all-time sales record of 42,326 set in 2015. Last year’s sales total was 33.4 percent above the 10-year sales average.

“Home has been a focus for residents throughout the pandemic. With low interest rates, increased household savings, more flexible work arrangements, and higher home prices than ever before, Metro Vancouverites, in record numbers, areassessing their housing needs and options,” Keith Stewart, REBGV economist said.

Home listingson the Multiple Listing Service® (MLS®)in Metro Vancouver reached 62,265 in 2021. This is a14.7 percent increase compared to the 54,305 homes listed in 2020 and a19.9 percent increase compared to the 51,918 homes listed in 2019. Last year’s listings total was11 percent above the 10-year average.

“While steady, home listing activity didn't keep pace with the record demand we saw throughout 2021. This imbalance caused residential home prices to rise over the past 12 months,” Stewart said. The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is
5,236, a 38.7 percent decrease compared to December 2020(8,538) and a 26.7 percent decrease compared to November 2021(7,144).

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