Categories for market conditions

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 ...

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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 ...

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BC Housing Markets Heat Up as Summer Ends

The British Columbia Real Estate Association (BCREA) reports that a total of 10,172 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August 2020, an increase of 42.8 per cent from August 2019. The average MLS® residential price in BC was $771,309, a 12.7 per cent increase from $684,093 ...

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“The Unusual World of Pandemic Economics” – Why BC’s Housing Market Remains Strong Despite COVID-19

he British Columbia Real Estate Association’s (BCREA) latest Market Intelligence report, The Unusual World of Pandemic Economics, points to uneven job losses across sectors, an increase in many households’ rate of savings, swift government aid, a tighter-than-ever housing supply and low interest rates as the drivers behind BC’s recent housing market ...

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