The downtown skyline including BC Place stadium, condo towers and numerous construction cranes is seen from Queen Elizabeth Park in Vancouver on Sunday, Nov. 8, 2020. (Darryl Dyck / THE CANADIAN PRESS)  

A just-published report suggests the inventory in the Vancouver real estate market has reached a low not seen since


The Q3 report posted Thursday morning by the Real Estate Board of Greater Vancouver noted the number of active

listings was low over the summer months, a trend that isn't exactly new in the region.

"Since the last half of 2019, the total inventory of homes for sale in the market has been operating at near-historic lows

despite higher-than-typical sales and new listing activity," the REBGV wrote.

"The increasing correlation between sales and new listings over the pandemic is consistent with more buyers selling their

current homes and purchasing other, typically larger, homes," the board said.

It described the trend board members are seeing since early 2021 as the market "settling down," and said a monthly survey

pointed to first-time and move-up buyers becoming a larger portion of total home sales.

While inventory is down, prices are generally not.

The August 2021 benchmark price – a measure that is not an average or median but is calculated based on the typical type,

size and age of home available in a region – was a record-breaking $1,176,600.

Looking at detached homes alone, the benchmark was $1,807,000. Benchmarks for attached homes and condos were at

$952,600 and $735,100 in the market.

While growth in prices hasn't been to the extent seen at other times in the local market, things are expected to pick up again

in the fall.

The board forecast an upward pressure due to above-average sales volumes, coupled with the low inventory noted previously.

It says buyers and sellers should expect new listings and sales in Q4 to remain near to long-term averages, and expects the

number of listings to increase, but at a level still well below the norm.


New property listed in North Coquitlam, Coquitlam
I have listed a new property at 1003 1196 PIPELINE RD in Coquitlam.
Welcome to the Hudson and this amazing home with its massive deck and panoramic view! If you enjoy outdoor living and spectacular views, then this is the property for you!! Very spacious 2 bedroom with over 1,300 square feet of living space and a whopping 1,900 square foot deck! New carpeting throughout the home. Bright kitchen, good sized laundry room, master with his & hers closets & 4 piece ensuite, second bedroom/den with Murphy bed. Impressive building with indoor pool, recreation centre, a very pro active strata council and an on site caretaker. 2 side by side parking and bonus 2 good sized lockers! You are steps to Lafarge Lake, Transit, Skytrain station, shopping, restaurants and recreation. Showings start Saturday, September 25th by appointment.

New property listed in Whalley, North Surrey
I have listed a new property at 10656 138A ST in Surrey.
Attention Developers!! Surrey's City Centre Official Community Plan has this site as multi-family residential development. With low to mid rise buildings at 2.5 FAR. Purchase for development or as an excellent holding property with good rental income. Great location, walking distance to SFU Surrey campus & skytrain stations. Close to shopping and restaurants and great for your commute with quick access to Hwy 1 and King George Blvd.

I have sold a property at 34 1486 JOHNSON ST in Coquitlam
I have sold a property at 34 1486 JOHNSON ST in Coquitlam.
Bright end unit townhome in Stoney Creek. Sitting at the base of Westwood plateau, this complex is well maintained & close to everything. You will love this private end unit with its panoramic views & generous outdoor space with decks & patios for you to relax. This 4 bedroom home has a living room with a wall of windows to enjoy the views & floor to ceiling rock fireplace, galley kitchen with adjacent dining room that has your deck access with southern exposure. Up are 3 good sized bedrooms incl master with walk-in closet and ensuite. Down is a family room that opens to the patio and yard, an extra bedroom, den and laundry. Home has A/C, EV charger in garage & a fresh designer paint palette incl doors & mouldings. Close to schools & shopping & only steps to the trails of Ridge Park.

New property listed in New Horizons, Coquitlam
I have listed a new property at 210 3105 LINCOLN AVE in Coquitlam.
The Larkin House East by Polygon is in the perfect location! You can walk to transit, skytrain, parks, Henderson Mall, recreation, Lafarge Lake, shopping and restaurants and still be in a quiet complex! This 2 bedroom and den unit enjoys overlooking the tranquil inner courtyard and gardens. Kitchen with granite, stainless steel appliances, including a gas stove and breakfast bar. Open floor plan with fireplace and sliders to the large balcony. Master bedroom with walk in closet and 5 piece ensuite. Excellent resort like amenities in the Nakoma Club and 18,000 square foot meeting place with an outdoor pool, hot tub, gymnasium, basketball court, clubhouse, movie screening room and pool table. You will love living here!

I have sold a property at 3293 CHARTWELL GREEN in Coquitlam
I have sold a property at 3293 CHARTWELL GREEN in Coquitlam.
Move in & Enjoy! Westwood Plateau at its finest. Just a few mins walk to the 1st tee or Clubhouse. Privacy & seclusion while overlooking the 17th fairway & mtns. Renovated 5bdrm features open floor plan on the main w/ high ceilings, ENG HW floors, custom kitchen w/ quartz & granite, white shaker cabinetry, SS appliances incl: 5 burner gas cooktop, wall oven & microwave combo, eating bar, dining & fam rm. Also a den, powder rm & laundry which could be used as a wok kitchen with it's sink & gas cooktop. Up - 3 bdrms, master has huge w/i closet, vaulted ceiling & new ensuite w/ massive walk in jetted shower. Main bath fully renovated. Down has 2 bdrms w/ suite potential, walk out basement to covered patio. Newer furnace, HW tank & AC. Also BI Vac, designer paint & low maintenance yard.

I have sold a property at 1535 EAGLE MOUNTAIN DR in Coquitlam
I have sold a property at 1535 EAGLE MOUNTAIN DR in Coquitlam.
This professionally renovated and fully refined home sits on a unique 11,000sqft. lot atop Eagle Mountain. Over $200,000 invested on interior renovations and landscaping. Featuring a large, fully fenced yard with multiple outdoor entertainment areas, hot tub, granite fire pit and strategically placed mature trees maintaining full privacy. Breathtaking from the first step, you will notice meticulous care throughout the home, including crown moulding/baseboards, French doors, updated bathrooms, modernized kitchen revisions and expansion of the patio. The walk out basement is perfect space for a growing family or mortgage helper. With the Coquitlam Crunch at your doorstep, golf courses and schools only blocks away, your family will love this secluded large greenbelt lot.
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