Lack of Inventory Creating Tighter Market Conditions Across BC
Posted on May 13, 2023 in BC Real Estate Update
The British Columbia Real Estate Association (BCREA) reports that a total of 7,427 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in April 2023, a decrease of 17.7 per cent from April 2022. The average MLS® residential price in BC was 995,506 down 5.6 per cent compared to the average price of close to $1.1 million...
BC Markets Showing Signs of Recovery As Supply Remains Scarce
Posted on Apr 13, 2023 in BC Real Estate Update
The British Columbia Real Estate Association (BCREA) reports that a total of 7,118 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in March 2023, a decrease of 38.3 per cent from March 2022. The average MLS® residential price in BC was 961,451 down 11.6 per cent compared to the average price of close to $1.1 million...
Signs of Improving Sales, But Supply Still Needed
Posted on Mar 13, 2023 in BC Real Estate Update
The British Columbia Real Estate Association (BCREA) reports that a total of 4,775 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in February 2023, a decrease of 46.5 per cent from February 2022. The average MLS® residential price in BC in 2023 was 941,575, down 14.7 per cent compared to the average price of over...
Housing Market Activity Off to a Slow Start in 2023
Posted on Feb 14, 2023 in BC Real Estate Update
Home Sales Decline in 2022 After a Record 2021
Posted on Jan 12, 2023 in BC Real Estate Update
The British Columbia Real Estate Association (BCREA) reports that 80,874 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2022, a 35.2 per cent decline from a record 124,788 units sold in 2021. The annual average MLS® residential price in BC was $996,878, a 7.5 per cent increase from $927,513 recorded the previous yea...
Housing Market Activity Remains Slow in November
Posted on Dec 13, 2022 in BC Real Estate Update
