Sketching Out the Potential Impact of COVID-19 on the BC Housing Market
Posted on Mar 17, 2020 in Market Update
• While it’s unknown how the unfolding COVID-19 outbreak will impact the economy in the long-term, BC is facing a sudden stop in economic activity with little guidance to when things may return to normal.• Based on our scenario analysis, BC home sales and prices will likely face declines in the spring and early summer but should recover along with...
BC Home Sales Trend Higher in February
Posted on Mar 12, 2020 in Market Update
The British Columbia Real Estate Association (BCREA) reports that a total of 5,741 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in February 2020, an increase of 26.3 per cent from February 2019. The average MLS® residential price in BC was $758,863, a 12 per cent increase from $677,681 recorded the previous year. Tot...February 2020 - Vancouver Real Estate Statistics
Posted on Mar 03, 2020 in Market Update
Steady demand and low supply benefits home sellers
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,150 in February 2020, a 44.9 per cent increase from the 1,484 sales recorded in February 2019, a...
BC Housing Markets Off to a Strong Start in 2020
Posted on Feb 13, 2020 in Market Update
The British Columbia Real Estate Association (BCREA) reports that a total of 4,426 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in January 2020, an increase of 23.7 per cent from the 3,579 units sold in January 2019. The average MLS® residential price in BC was $725,370, a 9.1 per cent increase from $664,633 recorded...January 2020 - Real Estate Statistics
Posted on Feb 04, 2020 in Market Update
Home sale activity up, supply down to start 2020
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,571 in January 2020, a 42.4 per cent increase from the 1,103 sal...
BCREA 2020 First Quarter Housing Forecast Update
Posted on Jan 23, 2020 in Market Update
BC Homes Sales Carry Momentum into 2020
The British Columbia Real Estate Association (BCREA) released its 2020 First Quarter Housing Forecast Update today.
Multiple Listing Service® (MLS®) residential sales in the province are forecast to increase 10.3 per cent to 85,290 units this year, after recording 77,349 residential sales in 2019. MLS® resident...
Multiple Listing Service® (MLS®) residential sales in the province are forecast to increase 10.3 per cent to 85,290 units this year, after recording 77,349 residential sales in 2019. MLS® resident...
