August 2021 couldn’t maintain the standards of record-setting August 2020, but the dip was slight
2nd highest August sales ever, yet supply continues to shrink
B.C. Real Estate Association forecasts a 32% increase in sales over last year with a cooling in 2022
Buyers significantly outnumber sellers, resulting in lowest inventory since 1981
While sales dropped, prices did not, with the average value of a single-family home hitting $870,000
Halifax led with prices climbing 30.8 per cent over the past year
The seasonally adjusted annual rate of housing starts fell 1.5% to 282,070 units in June compared to 286,296 in May
CREA said 73,402 homes were listed in June, down 0.7 per cent from 73,912 in May
47 homes sold for more than $1 million last month the third hottest June ever
Canadian Real Estate Association predicting 2021 will see transactions rise 23.8 per cent
Owner wants to sell waterfront home in White Rock so she can buy a castle in France
While sales dropped month to month, the 2021 total for May dwarfed what happened in 2020
FVREB processed 2,951 sales in May, a 267% increase compared to last year
The actual national average home price was a little under $696,000 in April
Liberals are proposing a one per cent tax on vacant homes owned by foreign non-residents
Ozzie Jurrock wrote the book on real estate
Average price to rise another 10% in 2021, credit unions say
