The Vancouver real-estate market shows no sign of slowing down.
Year to date sales as of February 15, 2021 have already exceeded deals made in each of the first-two-month periods of 2020 and 2021.
Numbers compiled by Dexter Realty of home and lot sales show that a total of 1,127 transactions happened from January 1 to February 15 in Vancouver.
Vancouver’s West Side recorded 673 deals, and East Vancouver, 454.
For the whole of the January and February 2020, the city saw 1,046 sales of homes and lots.
For the same period in 2019, the tally was 712.
The trend in Vancouver is mirrored across the market serviced by the Real Estate Board of Greater Vancouver.
In addition to Vancouver, the REBGV covers Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, West Vancouver, and Whistler.
A total of 4,207 deals happened between January and February 15, 2021 across the REBGV region.
For the whole of January and February 2020, the number was 3,787. In 2019, it was 2,632.
Dexter Realty released its mid-February report on February 16.
Report author Kevin Skipworth, a partner and managing broker with the company, described the market activity as “blistering”.
According to Skipworth, the market is “definitely…on the rise”.
Moreover, “it’s safe to say we should expect this to continue through the first half of 2021”.
For more details, here are the numbers put together by Dexter Realty.