Vancouver rings in another month of double digit sales increases across the board, for all property types. Home sales totalled 2,150 - a 44.9% increase from the 1,484 sales recorded in February 2019, and a 36.9% increase from the 1,571 homes sold in January 2020.
Realtors are reporting the return of multiple offer scenarios, coupled with healthy open house turn outs.
The number of newly listed homes was 2.8% higher than February 2019, yet inventory still seems unable to meet demand given the sheer volume of active buyers. Despite 4,002 properties having come to market, this is still about 5% lower than February of 2018.