![BC MLS Sales Data BC MLS Sales Data](https://s.realtyninja.com/static/media/med/7650_9142d5fa_BC_MLS_Home_Sales.gif)
“The provincial housing market sustained its blistering pace of activity in October,” said BCREA Chief Economist Brendon Ogmundson. “While pent-up demand may be starting to fade, record low interest rates and a recovering job market are supporting strong sales.”
“A pandemic-driven shift in buyers’ preference for extra space is pushing average prices to record highs as larger value transactions account for a higher share of sales,” added Ogmundson. Prices are also being pushed higher by a lack of inventory. Total provincial active listings continue to trend lower and were close to 14 per cent lower in October 2020 compared to 2019.
Year-to-date, BC residential sales dollar volume was up 29.7 per cent to $58.7 billion, compared with the same period in 2019. Residential unit sales were up 16.3 per cent to 76,140 units, while the average MLS® residential price was up 11.5 per cent to $771,085.
![Around the Province MLS Data Around the Province MLS Data](https://s.realtyninja.com/static/media/med/7650_34081e3a_Around_the_Province_MLS_Sales_Numbers.png)
Source - BCREA