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March 2022 British Columbia Real Estate Association Statistics

 Strong First Quarter for BC Housing Markets, But Rising Rates Loom Large  Vancouver, BC – April 12, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 11,463 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in March 2022, a decrease of 24.1 per cent from a record March 2021. The average MLS® residential price in BC was $1.096 million, a 15.7 per cent increase from $946,813 recorded in March 2021. Total sales dollar volume was $12.6 billion, a 12.1 per cent decline from the same time last year. “Home sales in the province continue…

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February 2022 British Columbia Real Estate Association Statistics

 Sales Activity Remains Strong Heading Into Spring Vancouver, BC – March 14, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 8,902 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in February 2022, a decrease of 18.8 per cent from February 2021. The average MLS® residential price in BC was $1.109 million, a 24.9 per cent increase from $887,866 recorded in February 2021. Total sales dollar volume was $9.9 billion, a 1.5 per cent increase from the same time last year. “While sales are not keeping pace with the unprecedented level of activity we…

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November 2021 British Columbia Real Estate Association Statistics

https://youtu.be/59bodMw32SE  November Home Sales Lead to New Annual Record in BC Vancouver, BC – December 15, 2021. The British Columbia Real Estate Association (BCREA) reports that a total of 9,159 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November 2021, a decrease of 3.4 per cent from November 2020. The average MLS® residential price in BC was $993,922, a 22.1 per cent increase from $814,310 recorded in November 2020. Total sales dollar volume was $9.1 billion, a 17.9 per cent increase from the same time last year. “Provincial MLS® home sales reached a new annual…

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September 2021 British Columbia Real Estate Association Statistics

 Record-Low Supply Keeps Market Conditions Tight in September Vancouver, BC – October 12, 2021. The British Columbia Real Estate Association (BCREA) reports that a total of 9,164 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in September 2021, a decrease of 19.9 per cent from September 2020. The average MLS® residential price in BC was $913,471, a 14 per cent increase from $801,241 recorded in September 2020. Total sales dollar volume was $8.4 billion, an 8.6 per cent decline from last year. “Home sales have settled at levels that are slightly above long-term average,” said BCREA…

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BCREA Predicts Vancouver Market Rebound to Last into 2014?

The British Columbia Real Estate Association (BCREA) predicts the current market rebound will last into 2014. Personally I shy away from market predictions (If mine were accurate, I would be on my private island and wouldn't be typing this), this is interesting nonetheless. I would love to hear your thoughts in a comment below. BCREA 2014 Real Estate Forecast Mike Stewart Looking for more stats? Check the Monthly REBGV Stats!

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