highlights • Forthefulyear2021,theVancouverRegionregistereditsmostMLShomesalesever,atcloseto 71,000. • December’sMLShomesalesintheVancouverRegiontotaled4,397,down17%fromNovember (versusatypical19%seasonaldecline)and13%fromDecember2020.ThoughDecember’ssales talywasthesecond-lowestin2022(toJanuary’s4,000sales),itwas43%higherthanthe past-decadeDecemberaverage. • Inconsideringpropertytypes,December’sdetachedhomeandtownhomesalescountswere25% and22%lower,respectively,thanoneyearearlierwhendemandinthegroundorientedmarket wasveryrobust.Thatsaid,condosexperienceda4%increaseinyear-over-yearsales,continuing buyers’trendsofincreasinginterestinhigher-densityhousing.
THERENNIEADVANCE sales
DECEMBER 2021
4,000
-25% vsDec2020
3,500
3,000
2,500
2,000
1,266 10 yrDecAvg
1,500
1,497
1,000
DETACHED sales
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 0 500
+18% vs10yrDecAvg
● December ﹍ 10 yrDecemberAverage
-22% vsDec2020
1,000 1,200 1,400 1,600
569 10 yrDecAvg
200 400 600 800
794
TOWNHOME sales
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 0
+39% vs10yrDecAvg
● December ﹍ 10 yrDecemberAverage
3,500
+4% vsDec2020
3,000
2,500
2,000
2,011
1,250 10 yrDecAvg
1,500
1,000
CONDO sales
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 0 500
+61% vs10yrDecAvg
● December ﹍ 10 yrDecemberAverage
Copyright©January5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofJanuary5,202.AldatafromRealEstateBoard ofGreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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