March 2023

Signs of Improving Sales, But Supply Still Needed

Posted on Mar 13, 2023 in BC Real Estate Update



The British Columbia Real Estate Association (BCREA) reports that a total of 4,775 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in February 2023, a decrease of 46.5 per cent from February 2022. The average MLS® residential price in BC in 2023 was 941,575, down 14.7 per cent compared to the average price of over...

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Housing Market Update for February 2023 (Video)

Posted on Mar 08, 2023 in Market Insights Videos


February listing data show slow sales resulting in below-average sales activity in the Metro Vancouver area.

With sales remaining well-below historical norms, the number of available homes for sale in the region have continued inching upwards.

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Below average home sales allow inventory to inch upwards

Posted on Mar 02, 2023 in Vancouver Update



February listing data show a continued reluctance among prospective home sellers to engage in Metro Vancouver’s housing market, leading to below-average sales activity. With sales remaining well-below historical norms, the number of available homes for sale in the region have continued inching upwards.

The Real Estate Board of Greater Vancouver (RE...

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