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Fraser Valley posts the highest home sale, price increases

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Valley home sales ↑ 80% YoY and prices ↑ 25% YoY, but active listings ↓ to 30-yr lows. Total sales as of August in the Valley had reached 19,311 homes, while the avg composite home price ↑ to $991,151. This compares to Greater Vancouver, ↑ 79.3% in home sales compared to the first 8-mo of 2020, to 31,910 transactions. Greater Vancouver avg home prices ↑ 12.6% YoY, to a composite price of $1.04M, according to BCREA data. B.C.’s total sales dollar volume in August was $8.6B, ↑ 8.9% YoY, and a total of 9,507 residential unit sales were recorded.

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