Home sales in Metro Vancouver hit an all-time high last year spurred by changing housing needs during the pandemic, the Real Estate Board of Greater Vancouver says.

The board says sales in 2021 rose 42.2 per cent to 43,999 compared with 30,944 the year before.

The previous record was set in 2015 with 42,326 home sales.

Keith Stewart, the board91裸聊视频檚 economist, says in a news release that Metro Vancouver residents have been assessing their housing needs and options in record numbers in the last few years.

91裸聊视频淗ome has been a focus for residents throughout the pandemic.91裸聊视频�

The record year came as home sales in the region in December totalled 2,688, down from 3,093 sales in December 2020, while 3,428 homes sold in November 2021.

91裸聊视频淲hile steady, home listing activity didn91裸聊视频檛 keep pace with the record demand we saw throughout 2021. This imbalance caused residential home prices to rise over the past 12 months,91裸聊视频� Stewart says.

The benchmark price for all residential properties in the board91裸聊视频檚 coverage area increased 17.3 per cent from the prior year to $1.23 million.

The total number of homes listed for sale on the Multiple Listing Service to start 2022 is 5,236, the lowest level seen in almost 30 years, Stewart says.

91裸聊视频淲ith demand at record levels, residents shouldn91裸聊视频檛 expect home price growth to relent until there91裸聊视频檚 a more adequate supply of housing available to purchase.91裸聊视频�

Sales of detached homes in December 2021 totalled 794, down from 1,026 sales in December 2020.

Attached home sales fell to 430 last month compared with 593 a year earlier and apartment home sales dipped to 1,464 in December, from 1,474 a year earlier.

Areas covered by the board include Vancouver, Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, the Sunshine Coast, West Vancouver and Whistler.

91裸聊视频擳he Canadian Press

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