January 2021

Schools - Kindergarten to Grade 8

St Alcuin College for the Liberal Arts
200-1046 St. Georges Ave
North Vancouver

Seymour Heights StrongStart Centre
2640 Carnation St
North Vancouver

Montroyal StrongStart Centre
5310 Sonora Dr
North Vancouver

Boundary StrongStart
750 26th St E
North Vancouver

Mulgrave School
2330 Cypress Bowl Lane
West Vancouver

Eagle Harbour StrongStart Centre
5575 Marine Dr
West Vancouver

St Edmund's
535 Mahon Ave
North Vancouver

Holy Trinity School
128 27th St W
North Vancouver

Caulfeild Elementary
4685 Keith Rd
West Vancouver

Ecole Cedardale
595 Burley Dr
West Vancouver

Eagle Harbour Montessori
5575 Marine Dr
West Vancouver

Gleneagles Elementary
6350 Marine Dr
West Vancouver

Chartwell Elementary
1300 Chartwell Dr
West Vancouver

Cypress Park Primary
4355 Marine Dr
West Vancouver

Irwin Park Elementary
2455 Haywood Ave
West Vancouver

Ecole Pauline Johnson Elementary
1150 22nd St
West Vancouver

Hollyburn Elementary
1329 Duchess Ave
West Vancouver

Cleveland Elementary
1255 Eldon Rd
North Vancouver

Ross Road Elementary
2875 Bushnell Pl
North Vancouver

Carisbrooke Elementary
510 Carisbrooke Rd E
North Vancouver

Braemar Elementary
3600 Mahon Ave
North Vancouver

Westcot Elementary
760 Westcot Rd
West Vancouver

Upper Lynn Elementary
1540 Coleman St
North Vancouver

Queensbury Elementary
2020 Moody Ave
North Vancouver

Eastview Elementary
1801 Mountain Hwy
North Vancouver

Highlands Elementary
3150 Colwood Dr
North Vancouver

Canyon Heights Elementary
4501 Highland Blvd
North Vancouver

West Bay Elementary
3175 Thompson Pl
West Vancouver

Norgate Community Elementary
1295 Sowden St
North Vancouver

Ridgeview Elementary
1250 Mathers Ave
West Vancouver

Seymour Heights Elementary
2640 Carnation St
North Vancouver

Queen Mary Community Elementary
230 Keith Rd W
North Vancouver

Lynn Valley Elementary
3207 Institute Road
North Vancouver

Ridgeway Elementary
420 8th St E
North Vancouver

Westview Elementary
641 17th St W
North Vancouver

Capilano Elementary
1230 20th St W
North Vancouver

Hollyburn StrongStart Centre
1329 Duchess Ave
West Vancouver

Cove Cliff Elementary
1818 Banbury Rd
North Vancouver

Dorothy Lynas Elementary
4000 Inlet Cres
North Vancouver

Lynnmour Elementary School
800 Forsman Ave
North Vancouver

Blueridge Elementary
2650 Bronte Dr
North Vancouver

Boundary Elementary
750 26th St E
North Vancouver

Brooksbank Elementary
980 13th St E
North Vancouver

Larson Elementary
2605 Larson Rd
North Vancouver

Sherwood Park Elementary
4085 Dollar Rd
North Vancouver

Montroyal Elementary
5310 Sonora Dr
North Vancouver

North Star Montessori Elementary School
1325 Keith Rd E
North Vancouver

St Pius X Elementary School
1150 Mount Seymour Rd
North Vancouver

Kenneth Gordon
420 Seymour River Pl
North Vancouver

St Anthony's
595 Keith Rd
West Vancouver

Cousteau L'Ecole Francaise Interna'le
3657 Fromme Rd
North Vancouver

Westview StrongStart Centre
1660 Bewicke Ave
North Vancouver

Vancouver Waldorf School
2725 St. Christopher's Rd
North Vancouver

Lions Gate Christian Academy
919 Tollcross Rd
North Vancouver

Collingwood School
70 Morven Dr
West Vancouver

Lynnmour StrongStart Centre
800 Forsman Ave
North Vancouver

Eastview StrongStart Centre
1801 Mountain Hwy
North Vancouver

Norgate StrongStart Centre
1295 Sowden St
North Vancouver

Brockton Preparatory School
3467 Duval Rd
North Vancouver

Andre-Piolat
380 Kings Rd W
North Vancouver

Schools - Grade 9 to Grade 12

West Vancouver Inglewood Secondary
1750 Mathers Ave
West Vancouver

St Alcuin College for the Liberal Arts
200-1046 St. Georges Ave
North Vancouver

Mulgrave School
2330 Cypress Bowl Lane
West Vancouver

Bodwell High School
955 Harbourside Dr
North Vancouver

Sentinel Secondary
1250 Chartwell Dr
West Vancouver

West Vancouver Secondary
1750 Mathers Ave
West Vancouver

St Thomas Aquinas
541 Keith Rd W
North Vancouver

Windsor Secondary
931 Broadview Dr
North Vancouver

Argyle Secondary
1131 Frederick Rd
North Vancouver

Handsworth Secondary
1044 Edgewood Rd
North Vancouver

Rockridge Secondary
5350 Headland Dr
West Vancouver

Sutherland Secondary
1860 Sutherland Ave
North Vancouver

North Vancouver Distributed Learning
3365 Mahon Ave
North Vancouver

Seycove Secondary Community
1204 Caledonia Ave
North Vancouver

Mountainside Secondary
3365 Mahon Ave
North Vancouver

Carson Graham Secondary
2145 Jones Ave
North Vancouver

Kenneth Gordon
420 Seymour River Pl
North Vancouver

Vancouver Waldorf School
2725 St. Christopher's Rd
North Vancouver

Lions Gate Christian Academy
919 Tollcross Rd
North Vancouver

Collingwood School
70 Morven Dr
West Vancouver

Brockton Preparatory School
3467 Duval Rd
North Vancouver

News Release

FOR IMMEDIATE RELEASE:

Home buyer demand remains elevated across Metro Vancouver

VANCOUVER, BC – February 2, 2021 –

In the first month of 2021, Metro Vancouver’s* housing market continued the pattern set at the end of last year with home sale activity outpacing the supply of homes listed for sale.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,389 in January 2021, a 52.1 per cent increase from the 1,571 sales recorded in January 2020, and a 22.8 per cent decrease from the 3,093 homes sold in December 2020. Last month’s sales were 36.4 per cent above the 10-year January sales average.

“With home sale activity well above our January average, the supply of homes for sale isn’t able to keep pace,” Colette Gerber, REBGV Chair said. “This is causing increased competition amongst home buyers and upward pressure on prices.”

There were 4,480 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in January 2021. This represents a 15.7 per cent increase compared to the 3,872 homes listed in January 2020 and an 86 per cent increase compared to December 2020 when 2,409 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,306, a 3.6 per cent decrease compared to January 2020 (8,617) and a 2.7 per cent decrease compared to December 2020 (8,538). For all property types, the sales-to-active listings ratio for January 2021 is 28.8 per cent. By property type, the ratio is 26.3 per cent for detached homes, 37.6 per cent for townhomes, and 27.8 per cent for apartments. Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

“Shifting housing needs during the pandemic and historically low interest rates have been key drivers of demand in our market over the last six months,” Gerber said. “People who managed to enter the market a few years ago, and have seen their home values increase, are now looking to move up in the market to accommodate their changing needs.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,056,600. This represents a 5.5 per cent increase compared to January 2020 and a 0.9 per cent increase compared to December 2020. Sales of detached homes in January 2021 reached 740, a 68.6 per cent increase from the 439 detached sales recorded in January 2020. The benchmark price of a detached homes is $1,576,800. This represents a 10.8 per cent increase from January 2020 and a 1.4 per cent increase compared to December 2020. Sales of apartment homes reached 1,195 in January 2021, a 46.8 per cent increase compared to the 814 sales in January 2020. The benchmark price of an apartment home is $680,800. This represents a 2.2 per cent increase from January 2020 and a 0.6 per cent increase compared to December 2020. Attached home sales in January 2021 totalled 454, a 42.8 per cent increase compared to the 318 sales in January 2020. The benchmark price of an attached home is $815,800. This represents a 4.3 per cent increase from January 2020 and a 0.2 per cent increase compared to December 2020.

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*Editor’s Note: Areas covered by the Real Estate Board of Greater Vancouver include: Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.

The real estate industry is a key economic driver in British Columbia. In 2020, 30,944 homes changed ownership in the Board’s area, generating $2.1 billion in economic spin-off activity and an estimated 14,728 jobs. The total dollar value of residential sales transacted through the MLS® system in Greater Vancouver totalled $33.7 billion in 2020. The Real Estate Board of Greater Vancouver is an association representing nearly 14,000 REALTORS® and their companies. The Board provides a variety of member services, including the Multiple Listing Service®. For more information on real estate, statistics, and buying or selling a home, contact a local REALTOR® or visit www.rebgv.org.