Skip to Main content

7.05°^C Vancouver

News Entertainment Videos Shows Podcast Contact Us

Mar 2, 2021 8:24 PM -

Vancouver home sales up 73% year over year, market shifts in favour of sellers: REBGV

Share On

The Real Estate Board of Greater Vancouver says the market is heating up so fast that home sales in the region doubled between January and February and have climbed by more than 70 per cent since last year.

The board says February sales in the B.C. region totalled 3,727, a 73.3 per cent increase from the 2,150 sales recorded the year before and a 56 per cent spike from the 2,389 homes sold the month before.

February sales were so strong that REBGV says they were 42.8 per cent higher than the month's 10 year sales average.

The board says the region saw 5,048 new listings in February, up from 4,002 the year prior.

The MLS home price index composite benchmark for all residential properties in Metro Vancouver reached just over $1 million in February, a 6.8 per cent increase.

REBGV says the market is shifting in favour of sellers because housing supply listings aren't keeping up with the demand and competition among homebuyers is pushing up prices.

Latest news

liberal-minister-signals-possible-further-mp-defections-as-government-nears-majority

CanadaDec 15, 2025

Liberal minister signals possible further MP defections as government nears majority

A federal cabinet minister says the governing Liberals are hearing increased interest from opposition MPs following a recent high-profile defection that has brought the government to the brink of a majority in the House of Commons. Energy Minister Tim Hodgson told reporters Tuesday that he has received “lots of inquiries” when asked whether additional MPs are considering crossing the floor to join the Liberal caucus. His comments come days after Ontario MP Michael Ma left the Conservative Party to sit with the Liberals. Ma’s move has left the Liberals one seat short of a majority, a shif

b-c-braces-for-more-flooding-as-heavy-rain-forecast-across-fraser-valley-and-vancouver-island

B.C. braces for more flooding as heavy rain forecast across Fraser Valley and Vancouver Island

The B.C. government is warning that heavy rain expected across parts of the province could lead to additional flooding in low-lying areas. Authorities say the Sumas and Chilliwack Rivers remain under flood warnings, though rainfall is anticipated to be less severe than last week’s storms that caused extensive flooding in Abbotsford. Environment Canada has issued "high impact" rainfall warnings for the Fraser and Skagit valleys, with some areas expected to receive up to 80 millimetres of rain, particularly in higher elevations. Officials cautioned that the situation is unpredictable and that

three-children-die-from-flu-related-complications-in-ottawa-eastern-ontario-as-cases-surge

CanadaDec 15, 2025

Three children die from flu-related complications in Ottawa, eastern Ontario as cases surge

Public health officials in Ottawa and eastern Ontario say three children have died from complications linked to influenza over the past two weeks, underscoring growing concerns as flu activity rises sharply across the province. Medical officers of health for Ottawa and the Eastern Ontario Health Unit say the children were between the ages of five and nine. Officials describe the recent deaths as rare but serious, noting that influenza can lead to severe illness, particularly among young children. Health units report a rapid and significant increase in Influenza A activity across Ontario, with

b-c-police-watchdog-investigates-fatal-collision-involving-surrey-police-vehicle

B.C. police watchdog investigates fatal collision involving Surrey police vehicle

British Columbia’s police oversight agency has launched an investigation after a woman was struck and killed by a Surrey police vehicle late Sunday night. Surrey Police Service says the incident occurred at a busy intersection near 152 Street and 64 Avenue, an area that serves as a major commuter route for residents travelling through the city and into Metro Vancouver. Despite immediate medical assistance from first responders, the woman was pronounced dead at the scene. Authorities have not released the woman’s identity, and further details about the circumstances leading up to the collis

IndiaDec 15, 2025

Bomb Threat Emails Sent to Around 11 Schools in Jalandhar, Police Launch Investigation

Authorities in Punjab are investigating bomb threat emails sent to approximately 11 schools in Jalandhar, prompting temporary closures and heightened security measures across the city. The threats were received by email early Monday morning, according to district officials. The incident comes just days after similar bomb threats were reported at several schools in Amritsar, raising concerns among parents, educators, and local authorities about student safety. In Jalandhar, school administrations alerted police after receiving the emails, leading to immediate search operations on school premise

Related News

B.C. braces for more flooding as heavy rain forecast across Fraser Valley and Vancouver Island

B.C. braces for more flooding as heavy rain forecast across Fraser Valley and Vancouver Island

The B.C. government is warning that heavy rain expected across parts of the province could lead to additional flooding in low-lying areas. Authorities say the Sumas and Chilliwack Rivers remain under flood warnings, though rainfall is anticipated to be less severe than last week’s storms that caused extensive flooding in Abbotsford. Environment Canada has issued "high impact" rainfall warnings for the Fraser and Skagit valleys, with some areas expected to receive up to 80 millimetres of rain, particularly in higher elevations. Officials cautioned that the situation is unpredictable and that

B.C. police watchdog investigates fatal collision involving Surrey police vehicle

B.C. police watchdog investigates fatal collision involving Surrey police vehicle

British Columbia’s police oversight agency has launched an investigation after a woman was struck and killed by a Surrey police vehicle late Sunday night. Surrey Police Service says the incident occurred at a busy intersection near 152 Street and 64 Avenue, an area that serves as a major commuter route for residents travelling through the city and into Metro Vancouver. Despite immediate medical assistance from first responders, the woman was pronounced dead at the scene. Authorities have not released the woman’s identity, and further details about the circumstances leading up to the collis

WorkSafeBC issues more than 1.3 million dollars in penalties after fatal crane incident at Oakridge Park

WorkSafeBC issues more than 1.3 million dollars in penalties after fatal crane incident at Oakridge Park

WorkSafeBC has levied more than 1.3 million dollars in fines against EllisDon Corporation and Newway Concrete Forming following a series of crane-related safety violations, including the February 2024 incident at Vancouver’s Oakridge Park development that killed construction worker Yuridia Flores. The penalties stem from multiple investigations involving highrise projects in Vancouver and Victoria. Flores died when a large concrete form mould – measuring nearly 10 metres by six metres – fell 26 storeys after accelerating out of the side of the building while being moved between floors. E

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

BC Children's Hospital