Real Estate Board of Greater Vancouver: July 2021 Statistics Update

At Oakwyn we’re always wanting to present the facts in an engaging way. Every month, one of our agents will unpick current market statistics from the Real Estate Board of Greater Vancouver to help you understand what’s going on in the real estate market and what you should be looking out for.

For July 2021 statistics, we have Oakwyn agent Adam Chahl here for his statistics report.

The Calm After the Storm

Things are calming down. July 2021 saw 3,128 sales which is down 11.6% from June this year so a 10% drop in the number of sales. We’re starting to see prices level off. We’re no longer seeing that crazy increase that we’ve seen for the past 12, 13, 14 months since the Covid push.

Real estate is somewhat on the back burner for now and that’s seen in the number of sales decreasing. There are a number of reasons for this but Adam identifies his two main factors:

No. 1: The Covid push or the desire for people to move up, down, or even leave Vancouver has happened. That change in status, change in property uses already happened. If you wanted to move, you’ve probably already done so.

No. 2: Now, all we’re talking about is travel. Where we’re going to go next, and when can we travel internationally. The attention seems to have focused off homes and onto travel.

The number of listings has also decreased. Last month we had 4,377 new listings which was down 25% on June. Not only are people not purchasing as much real estate but they’re also not listing their homes for sale. Whether the inventory levels pick back up and we see more people putting their properties on the market by fall will be interesting to see.

Get in Touch!

Work with your Oakwyn agent, work with your trusted real estate advisor, and come up with a plan that makes sense for you in 2021 if you’re thinking about making a move.

To keep up with the latest market statistics and join the conversation, be sure to follow us on Instagram and Twitter, and visit our website.

Episode 76: Reflecting (pt. II)

They’re back! Co-hosts Morgan Browne and Michael Uy reflect on new parenthood and on the real estate market. They also give tips on how to plan, whether as an individual or with your team, for the future.

Oakwyn Presale Projects 2021

Take a look at the current presale projects our agents are working on.

North Vancouver

Wedgewood Ventures, 2021

4672-4686 Capilano Road, North Vancouver
Canyon North TownhomesCam Walker & Dinah Fast
  • Large private garages with deep driveways for extra parking. Excellent location (5 minute walk to Handsworth Secondary). Great open plan layouts and approximately 2,200 SF spread over 3 levels.

Denna Homes 2023

1500 Fern Street, North Vancouver
Apex at Seylynn VillageAnthony Riglietti
  • Apex is designed to integrate into the stone-paved ground level with townhomes and a convenient mix of retail. Sharply-designed three-level townhomes include rooftop terraces, while residences on the seventh floor are surrounded by lush landscaping and greenery for added privacy.

East Vancouver

Hudson Projects

E 5th Avenue & Prince Edward, Vancouver
Block 1910Jenny Wun
  • Private rooftop terraces, attached garages and chefs kitchens. 2 and 3 bedroom homes at one historic landmark in Mount Pleasant

Hudson Projects, 2022

3493 Commercial Street, Vancouver
Broadhurst & WhitakerJenny Wun
  • 1 & 2 Bedroom Courtyard Townhomes, restored and revitalized from an iconic 1910 building, outdoor living space into the courtyard or rooftop deck


Bosa Properties 2023/2024

749-815 W 49th Avenue, Vancouver
ROWEKen Leong & Mary Porohowski
  • These townhomes are distinctive and with well-appointed interiors, are truly in a class of their own. Some of the features included for each home are parking with EV charging capability, a private storage locker, a private outdoor patio and many more!

Vancouver West

Enera Enteprises, 2023

Ash & 24th Avenue, Vancouver
ASTRIDVoy Wong, Rebecca Shiu, Kiat Chang & Cecilia Fatiguso
  • Info to come.

Jim Pattison Developments & Reliance Properties1

Burrard & Davie Street, Vancouver
2Burrard PlaceJoyce Chan
  • Over 30,000 sf of indoor/outdoor amenities: full length pool, private spa, amenity concierge, children’s clubhouse, study lounge, music rooms, wine cellars + tasting bar, fitness centre, yoga room, dining facilities, etc.

Gryphon Development, 2024

W 46th Avenue & W Boulevard, Vancouver
Gryphon HouseKatherine Chan Sison
  • Directly facing Arbutus Greenway, one of the most anticipated city planning initiatives in Vancouver. The most elaborate amenities offering in a low density Van West project, including concierge, two-level gym, infra red sauna, massage room, library lounge etc. Heritage retention for our commercial unit facade

Vicini Homes, 2024

2135 W 7th Avenue, Vancouver
KaiJenny Wun
  • Built-in air conditioning, multiple outdoor spaces and direct access to secure underground parking. Two beautiful colour schemes to complement your own personal style. Miele appliance package with superior quality finishings.


Mondevo, 2021

2345 Rindall Avenue, Port Coquitlam
ALBAJosephine Choi
  • Open, landscaped courtyard bringing more light and fresh air into homes. Communal WorkHub with WiFi. Convenient location, but on a parkside, cul-de-sac resulting in a peaceful environment. Minimalist Danish-inspired design.

Dolomiti Homes Inc, 2021

700 Clarke Road, Coquitlam
VistaMichael Uy
  • 7 min walking distance to Burquitlam Skytrain station making downtown and the rest of the tri cities very accessible.

Trillium Projects, 2022

609 Sydney Avenue, Coquitlam
Sydney TownhomesJenny Wun
  • 3 bedroom townhomes with laundry rooms, built-in desks, direct access to parking, pre-wired EV charging, private yards, rooftop decks, resident only outdoor amenity space with lounge area, large harvest table and garden.


Streetside Developments, 2024

4780 Hastings Street, Burnaby
ValeoJenny Wun
  • Penthouse units have private rooftop patios, concrete and steel condos with expansive views of the North Shore mountains.


Orchard Park Properties, 2024

1660 Water St (Presentation Center)
Water Street By The ParkDonovan Pagtakhan
  • Unobstructed residential views in the city. Tower 2 will be the tallest tower in the BC Interior. The Deck by Water, an amenities space including a golf simulator, an outdoor recreational and entertainment area overlooking the lake, and a heated pool. Each unit has its own private terrace for seamless indoor/outdoor living.


South Street Development Group

8671 - 8731 Spires Road, Richmond
Brighouse 22Jenny Wun
  • Ground-oriented, family-friendly 3 or 4 bedroom townhomes bringing more room to play. Walking distance to Richmond Brighouse Skytrain, Richmond Shopping Centre, and world-class amenities.

Dava Developments

10333 River Drive, Richmond
Parc PortofinoDennis Lai
  • Private outdoor space for every home (roof decks or garden patios). Spacious 2-level/floor townhomes from 1,350 to 2,123 SF amazing value starting from $695/SF convenient location, minutes away from Vancouver.

Life Above Par: Oakwyn's Golf Tournament

Oakwyn will always find ways to come together – even over the last year when it has been hard to do so- we have made time for our community to be together, in whatever ways possible.

We were so fortunate to be able to organize an in-person, Covid-safe golf tournament for the Oakwyn community. The tournament was the first time we have been able to physically meet as a community, and it’s been a long time coming.

Catch up on all the summertime festivities below.

Going Above Par

In lieu of Oakwyn’s annual summer party, we were thrilled to be able to organize Oakwyn’s Corporate Golf Tournament at Mayfair Lakes Golf Club as an alternative way to celebrate and get together in a Covid-safe way.

A portion of the ticket sales went to Oakwyn’s featured charity, I’m a HIPpy, along with the full amount raised from 50/50 tickets as our winner Casey Archibald donated his winnings. Oakwyn also sponsored a Cocktail kit to support the Dr. Peter AIDS Foundation. With 76 attendees and 19 teams, our big day out was a big success.

You're a Winner!

Prizes for the tournament were sponsored by Oakwyn Alliances. See the full list of winners below!

Paul Bains

was awarded a Nordstrom Gift Card!
Prize sponsored by Inspect Canada:
David Asselin | fastreply@inspect.ca

Cam Walker

Prize sponsored by Sherlock Yam of Win Liu Group:

Steven Van Vooght

was awarded a Harry Rosen Gift Card & Fancy Socks!
Prize sponsored by Scotiabank
Davis Liu | Davis.Liu@Scotiabank.com
Stephanie Camps | Stephanie.Camps@Scotiabank.com
Brittany Do | Brittany.Do@Scotiabank.com
Minh Nguyen | Minh.Nguyen@Scotiabank.com
Lauren Francis | Lauren.Francis@Scotiabank.com

Sharlene Wark & Vanessa Miller

were awarded a Nordstrom Gift Card!
Prize sponsored by RBC
Tina Saddik | tina.saddik@rbc.com
Ayesha Moghal | ayesha.moghal@rbc.com

Mark Kol

was awarded with a Donation (in their name) to the Charity of Choice!
Prize sponsored by Alison Setton:

Dan Braun
with a score of 72!

was awarded a Golf Town Gift Card!
Prize sponsored by Jonathan Wong at Marine Landing Notary:

Cam Walker, Scott Wallace, Carson Green & Jamie Wallace
with a team score of 68!

Pride Cocktail Kit from the Dr. Peter AIDS Foundation Event
Oakwyn Swag
Wellness Kit sponsored by Kelvin Ng Insurance:

50/50 WINNER:
Casey Archibald of Xeva Mortgage
generously donated all his winnings of $1,325 to our Featured Charity, I’m a HIPpy!

Episode 75: Open Houses

As Open Houses are now allowed during Phase 3 of BC’s Restart Plan, hosts Morgan Browne and Arlene Chiang discuss tips & tricks on how to host an Open House and meeting prospective clients.

Oakwyn's Guide to Vancouver Pride 2021

Oakwyn will always celebrate the power and individuality of people. We will continue to push towards a world that is inclusive for everyone regardless of their race, sexuality, or gender identity. We work hard every day to make strides towards a society where we all feel safe to be ourselves.

As Vancouver Pride is approaching, we have put together our recommendations for the weekend, along with LGBTQ+ businesses and organizations the Oakwyn community continues to support.

Let the countdown to festivities begin!

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Vancouver Pride 2021 Schedule

Here are all the amazing events taking place for Vancouver Pride 2021 (please note most of the in-person events require tickets/registration):

July 30th

VanPrideFest: Beyond the Binary Picnic

A gathering for Trans*, Enby, Genderqueer, Genderfluid, Agender, and folks outside of the gender binary, their friends and allies.

Stoli Pride Lounge

Book a two-hour time slot with up to five friends and enjoy some lounge-style entertainment including drag artists. Running Friday 30th to Sunday 1st.


TOGETHER AGAIN co-presented by Level Up is a QTBIPOC-CENTRED hip hop dance party with DJs, gogo dancers, and drag performances. The event is for those who identify as Black, and/or Indigenous, and/or people of colour (BIPOC).

July 31st

VanPrideFest: Ace & Aro Prom in the Park

Afternoon prom-theme picnic in Mount Pleasant. Every year, the local Ace and Aro community hosts a prom, in order to provide an alternative for those who don’t feel comfortable at their own proms.

Vizzy Pride Lounge

More lounge-style entertainment including drinks and drag artists! Running Friday 30th to Sunday 1st.

Pride Art Walk

Enjoy a self-guided tour of five public art pieces and murals celebrating queer folks in Vancouver Downtown. Running July 19th to August 3rd

August 1st

Decentralized Pride Parade

Rally your bubble to snap a Pride-parade-worthy pic or video and upload it to Facebook, Instagram, or Twitter using #VanPride for your chance to be featured live in the parade broadcast.

VanPrideFest: Commercial Drag

Co-presented by Sleepy Queers Production. This event takes place in the park and promises an “outrageous Commercial Drag experience”.

VanPrideFest: Pride Picnic

An afternoon picnic offering Pride without the crowds! Featuring live music, drag, and sunshine.

If you’re more comfortable celebrating Vancouver Pride 2021 online, be sure to catch the Pride Livestream, featuring the following events (& more).

Drag Deliveries
Human Rights Panel
VanPride Classroom Series
Posh Ball 2021 – Online Kiki Ball
Pride Summer Series 
Queer History Panel 
Symphonic Pride 

Oakwyn's Pride Organizations

Pride means action! We believe in showing our support, not simply saying it. After the success of the initiative last year, for Vancouver Pride 2021 Oakwyn has again created a line of exclusive Pride-themed Nalgene bottles. Proceeds from these bottles will go to supporting two local charities, Rainbow Refugee part of QMUNITY and Dr. Peter AIDS Foundation.

We will also be purchasing a Pride-themed cocktail kit from our friends at Dr. Peter AIDS Foundation, Oakwyn’s featured charity for the month of August.  The kit will be part of the Grand Prize of our Golf Tournament on July 22nd. Keep your eyes peeled for our next Charity Feature article for more information on this amazing foundation.

Welcome to the Gaybourhood

From bars to brunch spots, Vancouver’s LGBTQ+ neighbourhood is a celebrated part of Vancouver Pride and queer culture and community in general. While we can’t shout out everyone, here is a list of some of our favourite spots. Make sure to support local queer businesses during Vancouver Pride 2021!

Food & Beverage

Enjoy these queer-friendly/queer-owned spots this Vancouver Pride 2021 for drinks, food, and general celebrations.

Joe’s Cafe



The Basic

The Fountainhead Pub

The Junction

The Score

Pumpjack Pub


Support LGBTQ+ and inclusive apparel with the following businesses:

Venus & Mars Clothing

Womyn’s Ware

Peau De Loup

From book shops to barber shops, find more celebrated queer operated/queer friendly businesses below:

Little Sisters Book Store

Awl Together Leather

Big Bro’s Barber Shop

Cmmn Grnd

Pride Podcasting

Oakwynites Casey Archibald from Xeva Mortgage and Catherine Worthy were featured on the BHB Podcast to celebrate Pride month. The pair joined guest host Scott MacArthur of Sportsnet 590, Kyra Wong, and Chris Baker to discuss all things Pride month and celebrating Pride across the mortgage industry.

You can catch up on the podcast below!

Be safe & responsible and enjoy the Pride celebrations!

For more information on any of the organizations or Oakwyn’s involvement, please reach out to us!

Episode 74: with Special Guest Lynn Hughes

Lynn Hughes, Principal at SSDG Interiors Inc., joins hosts Morgan Browne & Arlene Chiang as they reminisce about designing the Oakwyn offices! They also discuss the trials and tribulations of opening a new office, how to find the right team and what it’s like getting into a leadership role.

Episode 73: Parenting in the Real Estate Industry

Shout out to all the hardworking parents out there! Our cohosts, Morgan Browne & Arlene Chiang, discuss what they’ve learned from being mothers while maintaining their businesses and client relationships.


Real Estate Board of Greater Vancouver: June 2021 Statistics Update

At Oakwyn we’re always wanting to present the facts in an engaging way. Every month, one of our agents will unpick current market statistics from the Real Estate Board of Greater Vancouver to help you understand what’s going on in the real estate market and what you should be looking out for.

For June 2021 statistics, we have Oakwyn agent Jeff Appelbe here for his statistics report.

June Cools Down

The past two months have shown a market that’s shifting towards more historically typical conditions. June 2021 statistics show sales have eased back from the record-setting pace of March and April, and are down another 12% from May. However, sales were still 18% above the 10-year average for the month of June. In any other year, sales 18% above the 10-year average would be the headline, but it’s not right now, because we’ve come out of such a crazy phase.

If we look at a few other things, inventory is down 17% across the board, while sales are only down 12%. Sales being down in June is historically normal as well. Typically June is never quite as busy as March, April, May.

Jeff's Key Findings

If we look at the sales to active ratios in a couple of areas, there’s a few things that stand out. June 2021 statistics show the sales to active ratio in East Vancouver is at 53%. 53 homes out of 100 are selling in a month, which is a really strong sales to active ratio. Things are moving, there’s high demand.

If we look at Vancouver West, it’s 26%, it’s about half as strong. That includes Downtown. If we look further at Yaletown, the West End, and Gastown, those are 22%, 19%, and 23%. Those are straddling the balanced market and the seller’s market. So only 20 homes out of 100 are selling in a month. Jeff remains bullish on Downtown in the long-term. “I think it’s a great opportunity to buy still, because we’re not fully opened and that will change,” he concluded.

On the detached side, we have seen a bit more normalization. One area that stands out is North Vancouver. We still have really strong detached demand in North Van and a 45% sales to active ratio. We are having more upward pressure on pricing there.

Mount Pleasant condos are at a 56% sales to active ratio. Kits is at a 71% sales to active ratio. These markets are still moving really quickly. These are central, highly desirable areas, outside of the Downtown core, and that’s the trend we’re seeing there.

Get in Touch!

Work with your Oakwyn agent, work with your trusted real estate advisor, and come up with a plan that makes sense for you in 2021 if you’re thinking about making a move.

To keep up with the latest market statistics and join the conversation, be sure to follow us on Instagram and Twitter, and visit our website.

Episode 72: with Special Guest Michael White

Our hosts, Morgan Browne & Arlene Chiang, are joined by Michael White, the Associate VP of Campus and Community Planning at UBC! They discuss real estate and developments at UBC and what city planning’s role is in the jurisdiction.

Episode 71: Running a Family Business with Arlene Chiang

Arlene Chiang, Oakwyn Co-Founder & C.O.O, joins us in this week’s episode to discuss what it’s like to work with her sibling, host Michael Uy.

Episode 70: with Special Guest Jacqueline Adler

The angelic Jacqueline Adler joins us on our 70th episode! Jackie shares how she was encouraged to take a leap into real estate, getting clients by being authentic and genuine and how she feels empowered when contributing to our community.