highlights • MLSsalesintheVancouverRegionroseto5,256inOctober2021,a9%increasecomparedto September2021,andthefirstmonth-to-monthincreasesinceMarch.Thisincreaseinsaleswas acrosalhometypes,withdetachedhomesalesincreasingthemostcomparedtoSeptember,at 11%. • Thoughtotalsalesweredown9%fromOctober2020,theyremained25%higherthanthe October10-yearaverage. • Detached-homeandtownhomesaleswere22%lowerthaninOctober2020.Notably,condosales wereup14%versusoneyearago,asbuyersgravitatebacktowardshigher-densityacommodation afteraperiodofrelativelyslowcondosalesintheimmediateaftermathoftheonsetofthe pandemic.
THERENNIEADVANCE sales
OCTOBER 2021
4,000
-22% vsOct2020
3,500
3,000
2,500
2,000
1,749 10 yrOctAvg
1,882
1,500
1,000
DETACHED sales
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 0 500
+8% vs10yrOctAvg
﹍ 10 yrOctoberAverage
● October
-22% vsOct2020
1,000 1,200 1,400 1,600
1,011
806 10 yrOctAvg
200 400 600 800
TOWNHOME sales
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 0
+25% vs10yrOctAvg
﹍ 10 yrOctoberAverage
● October
3,500
+14% vsOct2020
3,000
2,500
2,363
2,000
1,633 10 yrOctAvg
1,500
1,000
CONDO sales
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 0 500
+45% vs10yrOctAvg
﹍ 10 yrOctoberAverage
● October
Copyright©November1,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember1,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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