February 2021 - The Demand for New Listings are High
As of March 3 2021, low interest rates remain a key-driver in today’s real estate market. If you are re-evaluating your living space to accommodate working from home or homeschooling, low interest rates reduce mortgage costs. The market is active with many first-time homebuyers and move-up buyers entering.
If you are looking to sell, the demand for new listings are high. The total number of homes listed for sale in the region decreased by 9.1% than in February 2020 but increased by 0.6% from January 2021.
“Competition amongst homebuyers is causing multiple offer situations and upward pressure on prices.” - REBGV chair Collette Gerber.
(Photo Credit: https://www.vancouverisawesome.com/)
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.