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2021 JANUARY VANCOUVER REAL ESTATE MONTHLY MARKET REPORT

Home buyer demand remains elevated across Metro Vancouver


“Shifting housing needs during the pandemic and historically low-interest rates have been key drivers of demand in our market over the last six months,” Gerber said. “People who managed to enter the market a few years ago, and have seen their home values increase, are now looking to move up in the market to accommodate their changing needs.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,056,600. This represents a 5.5 percent increase compared to January 2020 and a 0.9 percent increase compared to December 2020.


Sales of detached homes in January 2021 reached 740, a 68.6 percent increase from the 439 detached sales recorded in January 2020. The benchmark price of a detached home is $1,576,800. This represents a 10.8 percent increase from January 2020 and a 1.4 percent increase compared to December 2020.

Sales of apartment homes reached 1,195 in January 2021, a 46.8 percent increase compared to the 814 sales in January 2020. The benchmark price of an apartment home is $680,800. This represents a 2.2 percent increase from January 2020 and a 0.6 percent increase compared to December 2020.


Attached home sales in January 2021 totaled 454, a 42.8 percent increase compared to the 318 sales in January 2020. The benchmark price of an attached home is $815,800. This represents a 4.3 percent increase from January 2020 and a 0.2 per cent increase compared to December 2020.




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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.