Market Update

Housing Market Slows, but Resilient in Response to Pandemic

Posted on May 13, 2020 in Market Update

MLS Home Sales - Covid 19The British Columbia Real Estate Association (BCREA) reports that a total of 3,284 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in April 2020, a decline of 50.8 per cent from April 2019. The average MLS® residential price in BC was $737,834, a 7.8 per cent increase from $684,430 recorded the previous year. Total sale...

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Covid-19 Impacts March Real Estate Sales in Vancouver

Posted on Apr 15, 2020 in Market Update

MLS Home Sales March 2020The British Columbia Real Estate Association (BCREA) reports that a total of 6,717 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in March 2020, an increase of 17.2 per cent from March 2019. The average MLS® residential price in BC was $789,548, a 15.1 per cent increase from $685,892 recorded the previous year. Total s...

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March 2020 - Vancouver Real Estate Statistics

Posted on Apr 02, 2020 in Market Update


Home buyers and sellers adjust their activities in March amid challenging circumstances


Metro Vancouver’s* housing market saw steady home buyer demand to begin March and a levelling off of activity as the month went on and concerns about the COVID-19 outbreak intensified.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential ho...

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Commercial real estate sales decline in the Lower Mainland in 2019

Posted on Apr 01, 2020 in Market Update

Commercial real estate sales decline in the Lower Mainland in 2019Commercial real estate activity remains below the pace of recent years


Sales and dollar value activity in the Lower Mainland’s commercial real estate market declined in 2019 compared to long-term historical averages.

There were 1,538 commercial real estate sales in the Lower Mainland in 2019, a 32.8 per cent decrease from the 2,288 sales in 2018 and...

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Sketching Out the Potential Impact of COVID-19 on the BC Housing Market

Posted on Mar 17, 2020 in Market Update

Covid 19 and Vancouver Real Estate• 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...

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BC Home Sales Trend Higher in February

Posted on Mar 12, 2020 in Market Update

5 Year Mortgage TrendsThe 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...

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