BC Real Estate Update

Stress Test Creating Pent-up Demand

Posted on Apr 15, 2019 in BC Real Estate Update



The British Columbia Real Estate Association (BCREA) reports that a total of 5,707 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in March, a decline of 23 per cent from the same month last year. The average MLS® residential price in the province was $687,720, a decline of 5.4 per cent from March 2018. Total sales doll...

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Mortgage Stress Test Continues to Dampen Home Sales in February

Posted on Mar 13, 2019 in BC Real Estate Update

Tim Wray - RE/MAX Crest Realty, REBGV

The British Columbia Real Estate Association (BCREA) reports that a total of 4,533 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in February, a decline of 27 per cent from the same month last year. The average MLS® residential price in the province was $678,625, a decline of 9.3 per cent from February 2018. Total sale...

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Policy-Induced Housing Slowdown Continues into 2019

Posted on Feb 15, 2019 in BC Real Estate Update

Tim Wray - RE/MAX Crest Realty, BCREA

The British Columbia Real Estate Association (BCREA) reports that a total of 3,546 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in January, a decline of 33.2 per cent from the same month last year. The average MLS® residential price in the province was $665,590, a decline of 7.7 per cent from January 2018. Total sale...

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BC Home Sales Decline 25% in 2018

Posted on Jan 15, 2019 in BC Real Estate Update



The British Columbia Real Estate Association (BCREA) reports that a total of 78,345 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2018, a decline of 24.5 per cent from the 103,758 units sold in 2017. The annual average MLS® residential price in BC was $712,508, an increase of 0.4 per cent from $709,601 recorded the...

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BC Home Sales Continue at Slower Pace

Posted on Dec 14, 2018 in BC Real Estate Update



The British Columbia Real Estate Association (BCREA) reports that a total of 5,179 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in November, down 33.1 per cent from the same month last year. The average MLS® residential price in BC was $718,903, a decline of 1.9 per cent from November 2017. Total...

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Balanced Conditions Prevail in BC Housing Market

Posted on Nov 14, 2018 in BC Real Estate Update



The British Columbia Real Estate Association (BCREA) reports that a total of 6,405 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in October, down 26.2 per cent from the same month last year. The average MLS® residential price in BC was $690,161, a decline of 4.1 per cent from October 2017. Total sa...

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