BC Home Sales to Rise in 2020

Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 9 percent to 71,400 units this year, after recording 78,346 residential sales in 2018. MLS® residential sales are forecast to increase by 14 percent to 81,700 units in 2020. The 10-year average for MLS® residential sales in ...

Continue Reading

BC Home Sales on the Rise in May

The British Columbia Real Estate Association (BCREA) reports that a total of 8,221 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in May, a decline of 7 percent from the same month last year. The average MLS® residential price in the province was $707,829, a decline of ...

Continue Reading

Canadian Housing Starts

Canadian housing starts decreased by 13 percent on a monthly basis in May to 202,337 units at a seasonally adjusted annual rate (SAAR). This decline follows a strong rebound reported in the previous month. The trend in Canadian housing starts was down, averaging 202,000 units SAAR over the past six months, which is still a robust trend. In BC, ...

Continue Reading