Categories for market conditions

Strong Demand, Dwindling Supply for BC Housing Markets

The British Columbia Real Estate Association (BCREA) reports that a total of 12,638 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in May 2021, an increase of 178.2 per cent over May 2020 when the onset of the COVID-19 pandemic prompted a lockdown of the provincial economy. The ...

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Provincial Housing Market on a Record-Setting Pace

The British Columbia Real Estate Association (BCREA) released its 2021 Second Quarter Housing Forecast. Multiple Listing Service® (MLS®) residential sales in the province are forecast to rise 33.6 per cent to 125,600 units this year, after recording 94,013 sales in 2020. In 2022, MLS® residential sales are forecast to pull back 20.3 ...

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BCREA Housing Market Update (April 2021)

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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 ...

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