BC Real Estate Update

New Listings Bounce Higher in April

Posted on May 15, 2024 in BC Real Estate Update



The British Columbia Real Estate Association (BCREA) reports that 7,569 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in April 2024, an increase of 1.5 per cent from April 2023. The average MLS® residential price in BC in April 2024 was up 1.4 per cent at $1 million, compared to an average price of $992,440 in Apr...

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Pent-up Demand Continues to Build as Sales Remain Slow

Posted on Apr 15, 2024 in BC Real Estate Update



The British Columbia Real Estate Association (BCREA) reports that a total of 6,460 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in March 2024, a decline of 9.5 per cent from March 2023. The average MLS® residential price in BC in March 2024 was up 6.5 per cent at $1.02 million, compared to an average price of $95...

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Provincial Housing Market Relatively Calm Heading into Spring

Posted on Mar 14, 2024 in BC Real Estate Update



The British Columbia Real Estate Association (BCREA) reports that a total of 5,497 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in February 2024, an increase of 15.3 per cent from February 2023. The average MLS® residential price in BC in February 2024 was up 4.7 per cent at $987,798 compared to an average price...

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Housing Market Activity Picks Up to Start 2024

Posted on Feb 13, 2024 in BC Real Estate Update



The British Columbia Real Estate Association (BCREA) reports that a total of 3,979 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in January 2024, an increase of 29.4 per cent from January 2023. The average MLS® residential price in BC in January 2024 was up 10.5 per cent at $957,909 compared to an average price of...

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The 2023 Housing Market was Defined by High Rates and Slow Sales

Posted on Jan 15, 2024 in BC Real Estate Update



The British Columbia Real Estate Association (BCREA) reports that 73,109 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2023, a 9.2 per cent decline from 80,506 units sold in 2022. The annual average MLS® residential price in BC was $971,144, a 2.6 per cent decrease from $996,943 recorded the previous year. Total sa...

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Softening Home Sales but Prices Remain Firm Across BC

Posted on Dec 13, 2023 in BC Real Estate Update



The British Columbia Real Estate Association (BCREA) reports that a total of 4,630 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in November 2023, an increase of 2.2 per cent from November 2022. The average MLS® residential price in BC was $964,246 up 6.6 per cent compared to November 2022. The total sales dollar...

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