It’s been a really good year for real estate in B.C.
Home sales from January to November 2021 have surpassed the previous highest annual record set in 2016.
Residential transactions in 2021 now stand as the new best yearly record.
And as Brendon Ogmundson, chief economist with the B.C. Real Estate Association, notes, there’s “still one month to go in 2021”.
This means that December sales have yet to be accounted for.
In a media release Wednesday (December 15), the BCREA indicated that 117,973 residential properties were sold from January to November 2021.
The previous annual record was 112,425 units in 2016.
It can be recalled that in a January 13, 2021 report, the BCREA stated that a total of 93,953 homes were sold throughout pandemic year 2020.
This means that January to November 2021 sales of 117,973 have now exceeded the previous year’s tally by 25.5 percent.