Market Update

BCREA 2020 First Quarter Housing Forecast Update

Posted on Jan 23, 2020 in Market Update

MLS Home Sales Predictions for 2020

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...

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Housing Markets Flat in 2019 After Strong Second Half

Posted on Jan 13, 2020 in Market Update

MLS Residential SalesThe British Columbia Real Estate Association (BCREA) reports that a total of 77,331 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2019, a decline of 1.5 per cent from the 78,516 units sold in 2018. The annual average MLS® residential price in BC was $700,460, a decline of 1.6 per cent from $711,564 recorded the pre...

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Year End Summary & December 2019 Real Estate Statistics

Posted on Jan 03, 2020 in Market Update

December 2019 Real Estate Statistics - Vancouver, BCHome sales decline below long-term averages in 2019 despite increased demand to end the year


The Metro Vancouver housing market experienced below average sales activity and moderate price declines in 2019.

The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment homes reached 25,351 in 2019, a three pe...

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Home Sales Firming Across the Province

Posted on Dec 12, 2019 in Market Update

MLS Sales Data - Residential SalesThe British Columbia Real Estate Association (BCREA) reports that a total of 6,616 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November, an increase of 27.5 per cent from the same month last year. The average MLS® residential price in the province was $746,939, an increase of 5.5 per cent from November 2018. Tota...

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Canadian Housing Starts (November)

Posted on Dec 09, 2019 in Market Update

BC Housing Starts - November 2019Canadian housing starts decreased by 0.3% in November to 201,318 units at a seasonally adjusted annual rate (SAAR). The trend in national housing starts continues to be healthy, averaging about 219,000 units SAAR over the past six months. 

In BC, housing starts rose by 41% on a monthly basis to 48,840 units SAAR, largely due to a 59% increase in cons...

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November Vancouver Real Estate Statistics

Posted on Dec 03, 2019 in Market Update

Vancouver - November Real Estate StatisticsMetro Vancouver home sales return to historically typical levels


After a quieter first half of 2019, home buyer activity has returned to more historically typical levels in Metro Vancouver*.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,498 in November 2019, a 55.3 per cent increase fr...

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