Market Update

BC Government Responds to Rising Insurance Costs for Strata Owners

Posted on Jul 20, 2020 in Market Update

BC Government Responds to Rising Insurance Costs for Strata OwnersOn June 23, 2020, the BC government tabled Bill 14 - Municipal Affairs and Housing Statutes Amendment Act (No. 2), 2020 (“Bill 14”), which aims to help strata owners mitigate costs associated with purchasing strata insurance. Bill 14 proposes amendments to the Strata Property Act, SBC 1998, c 43 and the Financial Institutions Act, RSBC 1996, c 141...

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BC Housing Markets Bounce Back in June

Posted on Jul 14, 2020 in Market Update

MLS Sales by Region in BCThe British Columbia Real Estate Association (BCREA) reports that a total of 8,166 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in June 2020, an increase of 16.9 per cent from June 2019. The average MLS® residential price in BC was $748,155, a 9.1 per cent increase from $685,968 recorded the previous year. Total sale...

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Vancouver Real Estate Statistics - June 2020

Posted on Jul 03, 2020 in Market Update

June 2020 - Greater Vancouver Real Estate StatisticsSteady increases in home sale and listing activity continue in June


Home buyers and sellers have gradually become more active in each month of the COVID-19 pandemic. In June, home sale and listing activity in Metro Vancouver* returned to more historically typical levels.

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

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Canadian home sales and new listings on the rise in May

Posted on Jun 18, 2020 in Market Update

Canadian MLS Home Sales Data - CREAStatistics released today by the Canadian Real Estate Association (CREA) show national home sales and new listings were up noticeably in May 2020 compared to April, though still historically low at this point.

SUMMARY:

National home sales rose 56.9% on a month-over-month (m-o-m) basis in May.

That said, actual (not seasonally adjusted) activity was st...

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Housing Market Activity Shows Signs of Recovery in May

Posted on Jun 15, 2020 in Market Update

MLS Home SalesThe British Columbia Real Estate Association (BCREA) reports that a total of 4,518 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in May 2020, a decline of 45.2 per cent from May 2019. The average MLS® residential price in BC was $728,898, a 3.2 per cent increase from $706,394 recorded the previous year. Total sales do...

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BC Homes Sales to Post Strong Recovery in 2021

Posted on Jun 10, 2020 in Market Update

MLS Home Sales in BC

BCREA 2020 Second Quarter Housing Forecast


The British Columbia Real Estate Association (BCREA) released its 2020 Second Quarter Housing Forecast today.

Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 21 per cent to approximately 61,000 units this year, after recording 77,347 residential sales in 2019. MLS®...

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