Skip to Main content

6.15°^C Vancouver

News Entertainment Videos Shows Podcast Contact Us

Aug 5, 2020 5:22 PM -

Vancouver home sales jump to 3,128 in July while prices rise amid lower supply

Share On

Buyers purchased 3,128 homes in the Greater Vancouver area last month, up both from June and from July 2019.

The Real Estate Board of Greater Vancouver said on Wednesday that sales in July were up 22.3 per cent from this time last year, and up 28 per cent from June, as the economy has largely recovered from the COVID-19 pandemic and shutdown.

Home prices also rose in Vancouver, hitting a benchmark of $1,031,400, 4.5 per cent higher on a year-over-year basis.

While more homes hit the market in July compared to June, the total number of homes listed for sale, 12,083, is down compared to last July, when 14,240 homes were listed.

Colette Gerber, the real estate board's chair, said that low interest rates and limited supply have increased competition in the Vancouver real estate market over the past month. Gerber said in a statement that home buyers' demand has been growing throughout the year.

Latest news

surrey-driver-loses-lamborghini-after-alleged-197-km-h-speed-on-alex-fraser-bridge

Surrey driver loses Lamborghini after alleged 197 km/h speed on Alex Fraser Bridge

A Surrey man is facing steep fines, a vehicle impound, and long-term insurance penalties after police allege he was travelling at nearly three times the posted speed limit on the Alex Fraser Bridge earlier this week. BC Highway Patrol says officers observed a Lamborghini SUV moving significantly faster than surrounding traffic just after 8:00 p.m. on February 4. Using a laser speed reader, police clocked the vehicle at 197 kilometres per hour in a 70 kilometre per hour zone while it was heading northbound over the Delta span. Police say the 51-year-old driver was issued multiple violation tick

federal-government-tightens-return-to-office-rules-for-public-servants

CanadaFeb 06, 2026

Federal government tightens return-to-office rules for public servants

The federal government under Prime Minister Mark Carney has issued updated return-to-office requirements that will see most public servants spending more time working on-site each week. According to a notice from the Treasury Board, the changes will be introduced in phases. Executives will be required to work from the office five days a week starting May 4, while all other federal employees must report to the workplace at least four days per week beginning July 6. At present, most federal workers are required to be in the office three days a week under a hybrid work policy that came into effec

canada-records-job-losses-in-january-as-labour-market-shows-new-signs-of-strain

CanadaFeb 06, 2026

Canada records job losses in January as labour market shows new signs of strain

Canada’s economy took a step backward in January as the country recorded a net loss of about 25,000 jobs, according to the latest Labour Force Survey released by Statistics Canada. The decline marks the first monthly drop in employment since late summer and signals renewed pressure in key sectors tied to trade and construction. The manufacturing and construction industries experienced the sharpest losses, with economists pointing to ongoing trade uncertainty and U.S. tariff pressures as contributing factors. Private-sector employment and part-time work were particularly affected, while women

AlbertaFeb 06, 2026

TSB sending investigators after CN train derailment west of Edmonton

Federal transportation investigators are heading to central Alberta to examine a Canadian National Railway derailment that sent dozens of rail cars off the tracks west of Edmonton. The Transportation Safety Board of Canada confirmed it is deploying a team after 37 loaded train cars derailed Thursday near the hamlet of Wildwood, roughly 110 kilometres west of the provincial capital. The site is along a CN main line that carries a mix of freight through rural communities in the region. CN spokesperson Ashley Michnowski said preliminary information indicates the cars were loaded, but the company

AlbertaFeb 06, 2026

Airdrie youth hockey team honours junior players killed in Alberta highway crash

A youth hockey team from Airdrie is paying tribute to three junior players who died in a highway collision in southern Alberta by wearing and sharing memorial stickers during an upcoming tournament. The under-13 AA Airdrie Lightning team will place the stickers on their helmets and hand them out to opposing teams while competing in Regina this week. The stickers feature the jersey numbers of the players and the logo of the Southern Alberta Mustangs, the junior team the victims played for. The initiative was organized by a Lightning parent who ordered close to 100 stickers with the goal of keep

Related News

Surrey driver loses Lamborghini after alleged 197 km/h speed on Alex Fraser Bridge

Surrey driver loses Lamborghini after alleged 197 km/h speed on Alex Fraser Bridge

A Surrey man is facing steep fines, a vehicle impound, and long-term insurance penalties after police allege he was travelling at nearly three times the posted speed limit on the Alex Fraser Bridge earlier this week. BC Highway Patrol says officers observed a Lamborghini SUV moving significantly faster than surrounding traffic just after 8:00 p.m. on February 4. Using a laser speed reader, police clocked the vehicle at 197 kilometres per hour in a 70 kilometre per hour zone while it was heading northbound over the Delta span. Police say the 51-year-old driver was issued multiple violation tick

Two charged after bear spray assault during East Vancouver retail robbery attempt

Two charged after bear spray assault during East Vancouver retail robbery attempt

Two men are facing criminal charges after Vancouver Police say a loss prevention officer was assaulted during an attempted retail theft in East Vancouver earlier this week. Police were called shortly before 8:40 a.m. on February 2 to a store near Glen Drive and Terminal Avenue, where officers say two suspects used bear spray on an employee while trying to flee on foot with unpaid merchandise. The victim did not require hospital treatment, according to police. An extensive search of the surrounding area followed, involving patrol officers, a police drone, and a canine unit. The suspects were lo

Abbotsford man now faces first-degree murder charge in hotel homicide investigation

Abbotsford man now faces first-degree murder charge in hotel homicide investigation

Homicide investigators in Abbotsford say a 26-year-old man is now charged with first-degree murder in connection with the death of a 30-year-old woman whose body was discovered inside a local hotel last month. The Integrated Homicide Investigation Team says Sondeep Singh Gill was initially charged with second-degree murder, but the charge was upgraded following additional investigative work and a review of the evidence. Gill also faces a separate charge of indignity to human remains. Police were first called to the hotel after patrol officers received reports of suspicious circumstances. Inves

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

BC Children's Hospital