Categories for Economics

Provincial Housing Market Set Up for Very Strong 2021

BCREA 2021 First Quarter Housing Forecast Update The British Columbia Real Estate Association (BCREA) released its 2021 First Quarter Housing Forecast Update. Multiple Listing Service® (MLS®) residential sales in the province are forecast to rise 15.6 percent to 108,680 units this year, after recording 94,021 sales in 2020. In 2022, MLS® residential ...

Continue Reading

BC Housing Market Continues Record Pace in October

The British Columbia Real Estate Association (BCREA) reports that a total of 11,051 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in October 2020, an increase of 43.8 per cent from October 2019. The average MLS® residential price in BC set a record of $812,960, a 12.5 per cent increase ...

Continue Reading

Economic Recovery and Low Rates Drive Housing Market in 2021

BCREA 2020 Fourth Quarter Housing Forecast The British Columbia Real Estate Association (BCREA) released its 2020 Fourth Quarter Housing Forecast today.             Multiple Listing Service® (MLS®) residential sales in the province are forecast to rise 16.9 per cent to 90,450 units this year, after recording 77,350 residential ...

Continue Reading

Record September for BC Housing Markets

The British Columbia Real Estate Association (BCREA) reports that a total of 11,368 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in September 2020, an increase of 63.3 per cent from September 2019. The average MLS® residential price in BC set a monthly record of $803,210, a 15.3 per ...

Continue Reading