{"id":19044,"date":"2021-12-13T10:10:00","date_gmt":"2021-12-13T18:10:00","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=19044"},"modified":"2021-12-07T08:55:25","modified_gmt":"2021-12-07T16:55:25","slug":"rebgv-new-covid-19-housing-market-report-where-have-all-the-homes-gone","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2021\/12\/rebgv-new-covid-19-housing-market-report-where-have-all-the-homes-gone\/","title":{"rendered":"REBGV New COVID-19 Housing Market Report : Where Have All The Homes Gone?"},"content":{"rendered":"<p style=\"text-align: justify;\">Your Board\u2019s latest economic analysis takes a deeper look at housing supply trends in Metro Vancouver and the ratio of buyers to sellers that have been active in the market throughout the COVID-19 pandemic.<\/p>\n<p style=\"text-align: justify;\">Metro Vancouver\u2019s real estate market has seen heightened, and in some cases record-breaking, sales activity throughout much of this period. On the supply side, home listings have struggled to keep pace, causing inventory levels to reach lows not seen in years.<\/p>\n<p style=\"text-align: justify;\">In our new report, REBGV Economist Keith Stewart assesses housing supply levels in Metro Vancouver and the factors affecting it during the pandemic.<\/p>\n<p style=\"text-align: justify;\"><strong>Report Highlights :<\/strong><\/p>\n<p style=\"text-align: justify;\">\u2022 In 2021, the market moved into a diverging pattern of rising demand and decreasing supply, placing renewed upward pressure on prices.<br \/>\n\u2022 The ratio of buyers to sellers in the region peaked at 1.5 in March 2021 and remains elevated.<br \/>\n\u2022 Current lows in housing inventory are, in part, a consequence of rising demand.<br \/>\n\u2022 Despite high sales, many detached and attached sub-markets continue to see multiple buyers searching for homes compared to sellers.<br \/>\n\u2022 COVID-19 has highlighted the challenge of crafting policies that help supply keep pace when demand rises. All levels of government can help by supporting policies that encourage supply creation.<\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/members.rebgv.org\/news\/KS-COVID-report-Dec2021.pdf\" target=\"_blank\" rel=\"noopener\">Click here<\/a> to read the report today!<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.rebgv.org\/news-archive\/where-have-the-homes-gone--rebgvs-latest-economic-analysis-explo.html\" target=\"_blank\" rel=\"noopener\">Where Have All The Homes Gone? Read Your Board&#8217;s New COVID-19 Housing Market Report to Find Out<\/a> by REBGV<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Your Board\u2019s latest economic analysis takes a deeper look at housing supply trends in Metro Vancouver and the ratio of buyers to sellers that have been active in the market &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2021\/12\/rebgv-new-covid-19-housing-market-report-where-have-all-the-homes-gone\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-19044","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>REBGV New COVID-19 Housing Market Report : Where Have All The Homes Gone? 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