BC Real Estate Update

BC Markets Finding Balance at Low Levels of Activity

Posted on Nov 14, 2023 in BC Real Estate Update



The British Columbia Real Estate Association (BCREA) reports that a total of 5,373 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in October 2023, an increase of 1.8 per cent from October 2022. The average MLS® residential price in BC was $968,786 up 4.1 per cent compared to October 2022. The total sales dollar vol...

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Renewed Bank of Canada Tightening Slows Sales Activity

Posted on Oct 12, 2023 in BC Real Estate Update



The British Columbia Real Estate Association (BCREA) reports that a total of 5,531 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in September 2023, an increase of 10.4 per cent from September 2022. The average MLS® residential price in BC was $966,530 up 4.8 per cent compared to September 2022. The total sales dol...

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Sales Trend Slightly Lower in August

Posted on Sep 13, 2023 in BC Real Estate Update

Tim Wray BCREA

The British Columbia Real Estate Association (BCREA) reports that a total of 6,608 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in August 2023, an increase of 15.7 per cent from August 2022. The average MLS® residential price in BC was $958,424, up 5.2 per cent compared to August 2022. The total sales dollar volu...

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Bank of Canada Upends Summer Sales Recovery

Posted on Aug 10, 2023 in BC Real Estate Update



The British Columbia Real Estate Association (BCREA) reports that a total of 7,103 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in July 2023, an increase of 25.9 per cent from July 2022. The average MLS® residential price in BC was $967,948, up 5.6 per cent compared to July 2022. The total sales dollar volume was...

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Strong Start to the Summer, But Higher Interest Rates Loom

Posted on Jul 13, 2023 in BC Real Estate Update

Tim Wray BCREA

The British Columbia Real Estate Association (BCREA) reports that a total of 8,740 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in June 2023, an increase of 21.9 per cent from June 2022. The average MLS® residential price in BC was $991,648, up 4.7 per cent compared to June 2022. The total sales dollar volume was...

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Strong Rebound for BC Home Sales in May 

Posted on Jun 14, 2023 in BC Real Estate Update



The British Columbia Real Estate Association (BCREA) reports that a total of 9,191 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in May 2023, an increase of 9.9 per cent from May 2022. The average MLS® residential price in BC was $1.02 million up 3 per cent compared to May 2022. The total sales dollar volume was...

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