Vancouver realty report lists 3 market realities for 2022

A report by Dexter Realty tells everyone to brace for a fascinating year.

“As the Metro Vancouver housing market comes off a record sales year, we are entering what could be the most interesting 12 months this region has ever seen,” executive Kevin Skipworth wrote.

Skipworth is a partner, managing broker, and economist with the Vancouver realty company.

Skipworth issued his latest report on the heels of the 2021 annual recaps released by the Real Estate Board of Greater Vancouver (REBGV) and the Fraser Valley Real Estate Board (FVREB).

The two boards have stated that last year’s sales set a new best record in their respective jurisdictions.

In Greater Vancouver, residential sales totalled 43,999 in 2021, marking a four percent increase over the previous all-time record of 42,326 in 2015.

Over at the Fraser Valley, realtors made 27,692 sales in 2021, beating the previous best annual record of 23,974 in 2016.

With this backdrop, Skipworth lists three realities that he believes will define the housing market in 2022.

Read the full article HERE

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