Home sales in Vancouver are up 29 percent compared to October 2019. Which makes it the 2nd-best October on record. The board said its agents sold 2,858 homes in October 2019 and 3,687 homes last month in 2020.
"The benchmark price for Vancouver homes hit $1,045,100 in October, up six per cent from last October and 0.4 per cent from September."
Due to the pandemic many inviduals and families are reevaluating their home environment as they have been spending a lot more time working and living at home. The market continues to reflect strong sales as per low inventory and lack of lisitings, and low intrest rates.
“With demand on the rise, homes priced right for today’s market are receiving attention and, at times, garnering multiple offers,said board chairwoman Colette Gerberr.