Latest Market News, Updates & Statistics 

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...

Read More

Housing Market Update for December 2022 (Video)

Posted on Jan 10, 2023 in Market Insights Videos


Metro Vancouver’s housing market experienced a year of caution in 2022 due to rising borrowing costs fueled by the Bank of Canada’s ongoing battle with inflation.

Here's a summary of the December 2022 and year-end housing market statistics.

Read More

Rising mortgage rates brought uncertainty and caution to Metro Vancouver’s housing market in 2022

Posted on Jan 04, 2023 in Vancouver Update



After seeing record sales and prices during the pandemic, Metro Vancouver’s housing market experienced a year of caution in 2022 due to rising borrowing costs fueled by the Bank of Canada’s ongoing battle with inflation.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 28,903 in 2022, a 3...

Read More

Housing Market Activity Remains Slow in November

Posted on Dec 13, 2022 in BC Real Estate Update



The British Columbia Real Estate Association (BCREA) reports that a total of 4,512 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November 2022, a decrease of 50.8 per cent from November 2021 and about 30 per cent below a historical average November. The average MLS® residential price in BC was $906,785 an 8.6 per c...

Read More

Housing Market Update for November 2022 (Video)

Posted on Dec 06, 2022 in Market Insights Videos


While typically a quiet month of market activity based on seasonal patterns, November home sale and listing totals lagged below the region’s long-term averages.

Here's a summary of the November 2022 housing market statistics.

Read More

View Older Posts