Greater Vancouver Home Sales Boom

Home sales in Greater Vancouver, BC, shot up 342.6 per cent in April, compared to the same month last year. However, the Real Estate Board of Greater Vancouver says this doesn't tell the whole story of early signs of a housing market cool down. One year ago, COVID-19 concerns brought activity to a near standstill which was followed by a spike in home buyer demand across the region. This spring has seen a corresponding supply response from home sellers. Compared to the previous month, sales actually fell 14 per cent. The number of newly-listed homes was up 243.2 per cent, the highest new listing total ever for the month of April.