Thanks for taking the time to look at my monthly real estate update for South Delta and the Real Estate Board of Greater Vancouver (REBGV).
Here is a link to the complete set of charts and graphs – it may be useful to refer to them as you read through this piece!
Property sales remain brisk while available listings are very low. Last month’s sales were 33.6 per cent above the 10-year November sales average.
“We expect home sale totals to end the year at or near an all-time record in our region,” Keith
Stewart, REBGV economist said. “We’ve had elevated home sale activity throughout 2021
despite persistently low levels of homes available for sale. With a new year around the corner,
it’s critical that this supply crunch remains the focus for addressing the housing affordability
challenges in our region.”
“The imbalance between supply and demand, coupled with some buyers wanting to use rate
holds on lower rate fixed-term mortgages, is keeping upward pressure on home prices in this
traditionally quieter time of year for the market,” Stewart said.
Here are Price Distribution graphs for detached homes in Ladner & Tsawwassen:
Stay tuned as we near the end of this very different year and try to anticipate what to expect in 2022!
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