Provincial Housing Market Set Up for Very Strong 2021
Posted on Jan 25, 2021 in Market Update
The British Columbia Real Estate Association (BCREA) released its 2021 First Quarter Housing Forecast Update today.Multiple Listing Service® (MLS®) residential sales in the province are forecast to rise 15.6 per cent to 108,680 units this year, after recording 94,021 sales in 2020. In 2022, MLS® residential sales are forecast to pull back 9 per cen...
Real Estate in Vancouver - 2020 in Review
Posted on Jan 19, 2021 in Market Update
A Year Like No Other
Taking a look back on 2020, it’s quite remarkable that we ended the year with as many transactions as we did. In early 2020 the market stalled as the pandemic took centre stage.However, as the year progressed we’ve seen a huge uptake in the number of transactions, driven by people’s desire for more space and more affordable hous...
Record December Canadian Housing Market Caps Record Year
Posted on Jan 15, 2021 in Market Update
2020 Was a Blockbuster Year for Housing
Despite the fears leading into the pandemic last Spring, 2020 marked a record number of home resales as new listings lagged and prices climbed. December housing data released by the Canadian Real Estate Association (CREA) today shows national home sales surged 7.2% month-over-month (m-o-m) at a time of the yea...
Strong December Home Sales Close Out an Unprecedented Year
Posted on Jan 13, 2021 in Market Update
The British Columbia Real Estate Association (BCREA) reports that a total of 93,953 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2020, an increase of 21.5 per cent from the 77,350 units sold in 2019. The annual average MLS® residential price in BC was $782,027, an 11.7 per cent increase from $700,369 recorded the...December 2020 - Real Estate Statistics
Posted on Jan 05, 2021 in Market Update
Metro Vancouver housing market shows resilience in 2020
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 30,944 in 2020, a 22.1 per cent increase from the 25,351 sal...
BC Housing Market Posts Strongest November on Record
Posted on Dec 20, 2020 in Market Update
The British Columbia Real Estate Association (BCREA) reports that a total of 9,416 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November 2020, an increase of 42.1 per cent from November 2019. The average MLS® residential price in BC set a record of $816,074, a 9.3 per cent increase from $746,310 recorded the previ...