September 2020 was another all-time record in National Home Sales, with an +0.92% increase over August 2020. Newly listed homes fell by 10.2% in September, thus causing a shortage in supply.
“ Many Canadian housing markets are continuing to see historically strong levels of activity as we enter into the fall market of this very strange year. Along with historic supply shortages in a number of regions, fierce competition among buyers has been putting upward pressure on home prices. "
~ Costa Poulopoulos, Chair of CREA
(Source: CREA, 2020)
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.
Comments:
Post Your Comment: