As of today, West Vancouver housing data shows median days on market for a home is 33 days. The Sunshine Coast is officially the hottest real estate market in B.C., recording an 82 per cent increase in home sales last month compared with November 2019. Only condos in Whistler (1.9 per cent) and Coquitlam (1.8 per cent) saw gains. See also: 11,000 condos added to Metro Vancouver’s rental market in 2019 due to vacancy taxes Vancouver also has the country's steepest market for two-bedroom rentals, which it has for several months. Just Squamish (2.3 per cent), Whistler (2.2 per cent) and Port Coquitlam (0.5 per cent) saw price increases year-over-year. Housing Market Report for December 2020. The federal insurer reiterated its forecast on June 23 with the release of its outlook for the 2020 summer housing market. In 2019, sales in the REBGV region totaled 25,681; and 2018 came to 25,051. Get a roundup of the most important and intriguing national stories delivered to your inbox every weekday. Learn what's happening in the Vancouver Real Estate Market Report December 2019, exclusive insight into Vancouver's real estate market. Dexter Realty released its report on December 1, which shows that January to November 2020 home and land sales on east and west sides of Vancouver totaled 7,636. Apartment buildings in downtown Vancouver, on the north shore of False Creek, Vancouver, B.C. CMHC has said Canadian housing markets will plunge in 2021, but nothing of the sort is happening. However, analysts with Central 1 Credit Union and the Canada Mortgage and Housing Corporation have both predicted the market will stabilize in 2020, with price acceleration returning by 2021. The REBGV also confirmed Friday what most homeowners already know: 2019 was a weak year for the market. © 2020 Global News, a division of Corus Entertainment Inc. Current (Nov 18 - Dec 16) Past (Oct 21 - Nov 18) $1.1M. Real Estate Trends Housing Market Report for December 2020 Current West Vancouver MLS® stats indicate an average house price of $2,566,781 and 75 new listings in the last 28 days. Vancouver real estate: 2020 sales so far surpass whole of 2018, 2019, and December has just started [Georgia Straight – December 8, 2020] A new market report by Vancouver-based Dexter Realty shows that 2020 will finish with a bang. Homeowners in some parts of the Lower Mainland saw their provincial home assessments drop by as much as 16 per cent this month, based on valuations taken in July. That was a 22.3% jump from the 2,557 sales last July 2019, and up 28% from the 2,443 homes sold last month. Fax: 604-730-3100. facebook; … Even Calgary, Edmonton, and Vancouver, real estate markets that have been impacted by the decline of the oil industry and foreign investment, have returned to year over year growth. November 2020 West and North Vancouver Real Estate Market Statistics & Trends - See homes sold, active December real estate listings, & sale prices stats + trends. For example, the BC Real Estate Association (BCREA) economist, BCREA is a real estate industry advocacy organization, predicts Greater Vancouver prices will rise 6% in 2021. Sticker shock from 2020 property assessments, Sticker shock from 2020 property assessments – Jan 2, 2020, Ontario to enter ‘provincewide shutdown’ on Boxing Day, Ontario reports 2,202 new coronavirus cases, COVID-19 hospitalizations surpass 1,000. Best Commercial Real Estate in Vancouver, BC - Tina Heidari, Paradigm Group Commercial Real Estate Services, Brandon Harding-Nai Commercial, Maude MacKay & Company, WSV Real Estate Services, BC Estate - Buiness Brokers, Tang and Kung Real Estate Group, Cass Lao, Shari Bahri, Klein Group, Royal LePage Commerical VICTORIA -- The latest report from the Canada Mortgage and Housing Corporation (CMHC) shows that despite the pandemic, the Victoria real estate market remains hot. Sales volumes down 39.4% y/y in December Prices down 5.6% y/y in December. Condos in West Vancouver (10.2 per cent), East Burnaby (7.2 per cent), Tsawwassen (6.8 per cent) and New Westminster (6.6 per cent) saw the largest price drops year-over-year. The number of downtown Vancouver condos listed for sale, but not selling, has been on the rise for most of this past year. your email. December 2020 sales have yet to be accounted for. Year-to-date sales also surpass the whole of 2018 in Vancouver, which came to 7,285. 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