Greater Vancouver Real Estate Activity Sept 2020

Source: REBGV Oct 2020

Home sale and new listing activity reached record levels in Metro Vancouver in September.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled
3,643 in SEPTEMBER 2020,
a 56.2 % ⬆️⬆️ from the
2,333 sales recorded in September 2019,
a 19.6 % ⬆️⬆️ from the
3,047 homes sold in AUGUST 2020.

The total # of  currently listed for sale on the MLS® system in Metro Vancouver is 13,096, a 2.6% decrease compared to September 2019 (13,439) and a 2.3% increase compared to August 2020 (12,803).

"While the pace of new MLS® listings entering the market is increasing, the heightened demand from home buyers is keeping overall supply levels down," Gerber said. "This is creating upward pressure ⬆️on home price$, which have been edging  since the spring."

For all property types, the sales-to-active listings ratio for SEPTEMBER 2020 is 27.8%. By property type, the ratio is
28.3% for detached homes,
36.1% for townhomes, and
24.8% for apartments.

Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12% for a sustained period, while HOME PRICES often experience upward pressure ⬆️⬆️when it surpasses 2️⃣0️⃣% over several months.


Location: On River Drive, between 4 Rd & Shell


This is what we like:

  • Easy access to Bridgeport skytrain station
  • 4,000 feet of riverfront dyke trail for walking & biking
  • North Shore riverfront views
  • 5 acres of park & natural oasis
  • On-site 5,500sf daycare
  • Geothermal heating & cooling
  • Spacious 9' ceilings
  • Quartz countertops
  • Extensive clubhouse, lap pool, hot tub, fitness centre
  • Restaurant & retail shops, kid's playgrounds & family picnic areas

 Please call to inquire about this new development.



Location: On W.2nd Ave, between Columbia & Manitoba


With over 100 homes from $268,900 to $459,900, Daycare facility and full city block of street level shops and restaurants, interest in WEST has been overwhelming and definitely a reflection that today's buyer appreciates the exceptional value and the convenience of having every amenity at their doorstep.


Exceptional Opportunity

1 Bedroom - City Collection 478 Sq.ft. from $268,900

1 Bedroom - Tower Collection 597 Sq.ft. from $349,900

1 Bedroom + Den 721 Sq.ft. from $389,900

2 Bedroom 747 Sq.ft. from $449,900

2 Bedroom + Den 1045 Sq.ft. from $579,900


This is what we like:

  • Great location at The Village on False Creek

  • Steps to bicycle seawall route & Creekside Community Centre
  • Easy access to transit & Olympic skytrain station
  • 43,000sf of street level shops, restaurants, banking & retail services
  • Architecture by Walter Francl Architects with stunning lobby & dramatic lighting
  • Uniformed lobby attendant, insuite TV-monitored entry system
  • Floor to ceiling windows, flat profile baseboard heating,  & high efficiency toilets
  • Extensive green roof & landscaped amenity spaces & a car share program


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