I have sold a property at 303 271 FRANCIS WAY in New Westminster
I have sold a property at 303 271 FRANCIS WAY in New Westminster.
Live Parkside at Victoria Hill. New Westminster's best master-planned community with over 40 acres of dedicated green space, 120 species of old growth trees, breathtaking views and easy access to Queen's Park. Parkside offers over 5,400 sq ft of private indoor and outdoor amenity space, including a professionally-equipped fitness studio, guest suites, media room, games room, outdoor pool and hot tub. This 2 bedroom and den home offers a spacious 1,051sf of living space and a 64sf private covered balcony showcasing South facing views, bright open concept design. Must be seen to be appreciated! 1 Parking and 1 locker included.

I have sold a property at 2435 Kingsway in Vancouver
I have sold a property at 2435 Kingsway in Vancouver.
1 Bedroom plus Den in Vancouver's vibrant Norquay Village! Livable size 1 bedroom home facing the quiet North side. 12-storey LEED GOLD Certified energy efficient Concrete tower. Modern interior design, Air-conditioning, wide-plank laminate flooring, sleek roller-shades, high 9ft ceiling, premium s/s appliances, Gas cooktop, 2/5/10 warranty, rental & pets allowed. 1 Parking stall incl, EV stalls in building. Convenient access to 2 Skytrain stations, Steps to T&T, Shoppers Drug Mart, RBC, parks & schools. Rooftop lounge for BBQ with North Shore mountain view & fully equip gym.


Home sale activity in Metro Vancouver* remained above historical averages in October while the overall supply of homes for sale dipped to levels not seen in three years.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,494 in October 2021, a 5.2 per cent decrease from the 3,687 sales recorded in October 2020, and an 11 per cent increase from the 3,149 homes sold in September 2021.

Last month’s sales were 22.4 per cent above the 10-year October sales average.

“Home sale activity continues to outpace what’s typical for this time of year and the pool of homes available for sale is in decline. This dynamic between supply and demand is causing home prices to continue to edge up across the region,” Keith Stewart, REBGV economist said.

There were 4,049 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in October 2021. This represents a 27.3 per cent decrease compared to the 5,571 homes listed in October 2020 and a 21.7 per cent decrease compared to September 2021 when 5,171 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,034, a 35.3 per cent decrease compared to October 2020 (12,416) and a 13 per cent decrease compared to September 2021 (9,236).

“Rising fixed mortgage rates should eventually help ease demand, but for now sales remain strong and buyers with rate holds will remain motivated to find a property for the rest of the year,” Stewart said.

For all property types, the sales-to-active listings ratio for October 2021 is 43.5 per cent. By property type, the ratio is 33.6 per cent for detached homes, 64.4 per cent for townhomes, and 46.7 per cent for apartments.

Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

The MLS® Home Price Index composite benchmark price for all residential homes in Metro Vancouver is $1,199,400. This represents a 14.7 per cent increase over October 2020 and a 1.1 per cent increase compared to September 2021.

Get in touch with Iwa if you want to know specifically about any areas, property types, or trends that you can take advantage of.
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), 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 GVR, 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 GVR, the FVREB or the CADREB.