Categories for market conditions

Provincial Housing Market Showing Signs of Recovery Heading into Spring

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 ...

Continue Reading

Strong Demand, Dwindling Supply for BC Housing Markets

The British Columbia Real Estate Association (BCREA) reports that a total of 12,638 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in May 2021, an increase of 178.2 per cent over May 2020 when the onset of the COVID-19 pandemic prompted a lockdown of the provincial economy. The ...

Continue Reading

Provincial Housing Market on a Record-Setting Pace

The British Columbia Real Estate Association (BCREA) released its 2021 Second Quarter Housing Forecast. Multiple Listing Service® (MLS®) residential sales in the province are forecast to rise 33.6 per cent to 125,600 units this year, after recording 94,013 sales in 2020. In 2022, MLS® residential sales are forecast to pull back 20.3 ...

Continue Reading

BCREA Housing Market Update (April 2021)

https://youtu.be/49ABaYoIrCY ...

Continue Reading