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Pandemic Halts Sales Activity in March

The British Columbia Real Estate Association (BCREA) reports that a total of 6,717 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in March 2020, an increase of 17.2 percent from March 2019. The average MLS® residential price in BC was $789,548, a 15.1 percent increase from $685,892 recorded the ...

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Sketching Out the Potential Impact of COVID-19 on the BC Housing Market

Summary Findings While it’s unknown how the unfolding COVID-19 outbreak will impact the economy in the long-term, BC is facing a sudden stop in economic activity with little guidance to when things may return to normal. Based on our scenario analysis, BC home sales and prices will likely face declines ...

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BC Housing Markets Off to a Strong Start in 2020

The British Columbia Real Estate Association (BCREA) reports that a total of 4,426 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in January 2020, an increase of 23.7 per cent from the 3,579 units sold in January 2019. The average MLS® residential price in BC was $725,370, a 9.1 ...

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Housing Markets Flat in 2019 After Strong Second Half

The British Columbia Real Estate Association (BCREA) reports that a total of 77,331 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2019, a decline of 1.5 percent from the 78,516 units sold in 2018. The annual average MLS® residential price in BC was $700,460, a decline of 1.6 ...

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