The real estate market in Greater Vancouver has really outperformed this year despite the pandemic. For example the West Side inventory of single family homes has shimmied down from 15 months of supply in January to 6 months supply in December with sales volume up about 18% year over year. We've had 889 West Side single family homes sell so far this year as compared with 752 last year, while supply is significantly lower this year. This is good news after over two years of slump. As the supply has diminished the benchmark prices have risen slightly.
Have a look at the numbers for detached, townhome and apartment properties in the Greater Vancouver regions:
SEVEN DAYS UNTIL CHRISTMAS