Bank of Canada Upends Summer Sales Recovery
Posted on Aug 10, 2023 in BC Real Estate Update
Strong Start to the Summer, But Higher Interest Rates Loom
Posted on Jul 13, 2023 in BC Real Estate Update
Strong Rebound for BC Home Sales in May
Posted on Jun 14, 2023 in BC Real Estate Update
The British Columbia Real Estate Association (BCREA) reports that a total of 9,191 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in May 2023, an increase of 9.9 per cent from May 2022. The average MLS® residential price in BC was $1.02 million up 3 per cent compared to May 2022. The total sales dollar volume was...
Lack of Inventory Creating Tighter Market Conditions Across BC
Posted on May 13, 2023 in BC Real Estate Update
The British Columbia Real Estate Association (BCREA) reports that a total of 7,427 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in April 2023, a decrease of 17.7 per cent from April 2022. The average MLS® residential price in BC was 995,506 down 5.6 per cent compared to the average price of close to $1.1 million...
BC Markets Showing Signs of Recovery As Supply Remains Scarce
Posted on Apr 13, 2023 in BC Real Estate Update
The British Columbia Real Estate Association (BCREA) reports that a total of 7,118 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in March 2023, a decrease of 38.3 per cent from March 2022. The average MLS® residential price in BC was 961,451 down 11.6 per cent compared to the average price of close to $1.1 million...
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...
Housing Market Activity Off to a Slow Start in 2023
Posted on Feb 14, 2023 in BC Real Estate Update
Home Sales Decline in 2022 After a Record 2021
Posted on Jan 12, 2023 in BC Real Estate Update
The British Columbia Real Estate Association (BCREA) reports that 80,874 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2022, a 35.2 per cent decline from a record 124,788 units sold in 2021. The annual average MLS® residential price in BC was $996,878, a 7.5 per cent increase from $927,513 recorded the previous yea...
Housing Market Activity Remains Slow in November
Posted on Dec 13, 2022 in BC Real Estate Update
BC Home Sales Remain SlowWhile Active Listings Plateau
Posted on Nov 14, 2022 in BC Real Estate Update
BC Market Activity Remains Subdued in September
Posted on Oct 12, 2022 in BC Real Estate Update
The British Columbia Real Estate Association (BCREA) reports that a total of 4,977 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in September 2022, a decrease of 45.8 per cent from September 2021. The average MLS® residential price in BC was $927,119, a 1.7 per cent increase from $912,008 recorded in September 2021. T...
BC Housing Market Showing Signs of Stabilizing Despite Decreased Activity
Posted on Sep 14, 2022 in BC Real Estate Update
The British Columbia Real Estate Association (BCREA) reports that a total of 5,645 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August 2022, a decrease of 40.8 per cent from August 2021. The average MLS® residential price in BC was $918,378, a 2.1 per cent increase from $899,428 recorded in August 2021. Total sale...