Tim Wray | RE/MAX Crest Realty, Vancouver

Sales Slow in August, but Falling Rates Should Drive Activity Higher in the Fall

Posted on Sep 11, 2024 in BC Real Estate Update

The British Columbia Real Estate Association (BCREA) reports that 5,943 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in August 2024, a 10 per cent decrease from August 2023. The average MLS® residential price in BC in August 2024 was down 1.7 per cent at $938,500 compared to an average price of $955,063 in August...

Home Sales Up Slightly on Bank of Canada Rate Cuts

Posted on Aug 13, 2024 in BC Real Estate Update

The British Columbia Real Estate Association (BCREA) reports that 6,943 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in July 2024, a 2 per cent decrease from July 2023. The average MLS® residential price in BC in July 2024 was down 0.8 per cent at $959,480 compared to an average price of $967,298 in July 2023. Th...

Home Sales Continue at Below Average Pace in June

Posted on Jul 15, 2024 in BC Real Estate Update

The British Columbia Real Estate Association (BCREA) reports that 7,082 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in June 2024, a 19 per cent decrease from June 2023. The average MLS® residential price in BC in June 2024 was up 1 per cent at $998,159 compared to an average price of $988,632 in June 2023. The t...

Markets Remain in Balance Heading into Summer

Posted on Jun 13, 2024 in BC Real Estate Update

The British Columbia Real Estate Association (BCREA) reports that 8,075 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in May 2024, a 11.6 per cent decrease from May 2023. The average MLS® residential price in BC in May 2024 was down 1.5 per cent at $1 million, compared to an average price of $1.02 million in May 2...

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...

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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