Real Estate Board of Greater Vancouver reports 3,643 homes sold in September, posting new record high

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      The official numbers are in, and a new record has been set.

      A total of 3,643 homes sold in September 2020, according to the Real Estate Board of Greater Vancouver.

      The sales surpassed by 19.6 percent the 3,047 deals made in August this year.

      Last month’s transactions also represent a 56.2 percent increase from the 2,333 sales in September 2019.

      The sales were 44.8 percent above the 10-year September sales average.

      The transactions also marked the highest total on record for the month, REBGV noted in a media release Friday (October 2).

      Prices also saw an increase.

      Compared to August 2020, the benchmark price of all residential properties in Metro Vancouver increased 0.3 percent.

      Currently at $1,041,300, this number means a 5.8 percent increase over September 2019.

      REBGV chair Colette Gerber said that the region has “seen robust home sale and listing activity”.

      “This increased activity can be attributed, in part, to lower interest rates and changing housing needs during the COVID-19 pandemic,” Gerber said.

      The REBGV covers Vancouver, Burnaby, New Westminster, Coquitlam, Maple Ridge, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, North Vancouver, West Vancouver, and Whistler.