header

July 2021 Market Update

 

How did the market fare in our regions in June?

The real estate market in Metro Vancouver eased in June from its record-setting pace in March and April with 3,762 homes sold in June. That is a 54% increase from 2020 but 11.9% decrease from May 2021. Sales last month were 18.4 per cent above the 10-year June sales average. Similarly, sales in the Fraser Valley decreased by 24% compared to May 2021 and increased by 31% compared to June 2020.

In Victoria, property inventory is low but there is a high demand. Property sales in June 2021 were 16.6% more than in June 2020, but 10.2% fewer than the previous month of May. Vancouver Island's scorching real estate market cooled down a bit in June. In June 2021, the Island saw sales of 533 single-family detached properties compared to 531 the previous month and 473 in June 2020. In the condo apartment category, sales dropped by 10% from May. Townhouse sales decreased by 18% from May and were 15% lower than in June 2020.

In the Central Okanagan and North Okanagan, home prices remain substantially higher than last year, with benchmark single-family homes in each region selling for more than 30% higher than they did last year.

READ MORE:

Metro Vancouver
Fraser Valley
Victoria
Vancouver Island
Okanagan

 

Click the link below to view the monthly market statistics for your area in an easy to understand infographic. Listings, sales and prices are summarized for condos, townhomes and single-family homes in cities across BC. For more up-to-date market information please visit macrealty.com/blog.

 

Abbotsford

Bowen Island

Burnaby East

Burnaby North

Burnaby South

Cloverdale

Coquitlam

Kelowna

Ladner

Langley

Maple Ridge

Mission

Nanaimo

New Westminster

North Delta

North Surrey

North Vancouver

Parksville

Pitt Meadows

Port Coquitlam

Port Moody

Richmond

South Surrey/
White Rock

Squamish

Sunshine Coast

Surrey - Central

Tsawwassen

Vancouver - East

Vancouver - West

Victoria

Vernon

West Vancouver

Whistler

Top 65 home trends in June

Elements of nature, travel and luxury are woven throughout the top June 2021 home trends, as seen in ideas like indoor gardens that incorporate lichens, armchairs inspired by blooming flowers, plush organic towels and high-end monochromatic loungers.

READ MORE

 
 

B.C. Real Estate News

BRITISH COLUMBIA

A new wave of buyers expected to hit B.C. real estate market (The Globe and Mail)

Canadian home down payments are huge, with the average in BC hitting $160k (Better Dwelling)

Future condos being designed with Zoom rooms, balconies and touchless tech (The Daily Courier)

B.C. residents split on effectiveness of current housing policies, poll finds (CTV News)

Average B.C. home down payment is almost $160k (BIV)

This week's top stories: Bank of Canada discovers credit impacts home prices, and building sees a historic drop (Better Dwelling)

LOWER MAINLAND

Detached home prices fall in many Metro Vancouver markets as early summer sales see "steady, calmer pace" (The Georgia Straight)

Langley home prices flat as buying frenzy ebbs (Aldergrove Star)

Lower Mainland housing market saw strong demand in spring, low supply (News 1130)

Vancouver's post-pandemic real estate recovery (Western Investor)

WHISTLER & SQUAMISH

Public survey launches for Northlands rezoning (Pique News Magazine)

Whistler bookings picking up as B.C. enters Phase 2 of Restart Plan (Pique News Magazine)

A presentable Oceanfront (The Squamish Chief)

VICTORIA & VANCOUVER ISLAND

New record set for highest house price in B.C.'s capital region (The Squamish Chief)

Real estate market hot despite COVID rules (Times Colonist)

OKANAGAN

Kelowna's North Glenmore area ticks all the boxes for a 'good family lifestyle' (Vancouver Sun)

Huge increase in construction activity kicked off 2021 in Kelowna (infotel.ca)

Kelowna takes building boom to next level (Western Investor)

 
 

This communication is not intended to cause or induce breach of an existing agency agreement.

**Should you no longer wish to receive this communication, please reply to this email with "Unsubscribe" in the subject line.

©2021 Macdonald Realty Ltd. 2105 W 38th Ave, Vancouver, B.C. V6M 1R8 | macrealty.com