Economics

BCREA Nowcast

BC Monthly Real GDP Estimate for July 2022 & Preliminary Estimate for August 2022​ The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for July 2022 is 4.9 per cent. For comparison, year-over-year growth in the Canadian economy in July was 4.3 per cent. The preliminary estimate for year-over-year

UPDATE: COVID-19 Recovery Dashboard

The dashboard was last updated on September 28, 2022. The BCREA Economics team has created the COVID-19 Recovery Dashboard to help REALTORS® monitor BC’s economic recovery. This dashboard focuses on the sectors and activities that have been most significantly impacted by the pandemic and the province’s state of emergency. To monitor the province’s progress, we

CLI Falls in Second Quarter 2022

To view the full Commercial Leading Indicator PDF, click here. The BCREA Commercial Leading Indicator (CLI) fell to 153 from 155 in the second quarter of 2022, but the six-month moving average hit a record high. Compared to the same time in 2021, the index was down by 1.6 per cent. It is important to

Mortgage Rate Forecast

To view the Mortgage Rate Forecast PDF, click here. Highlights Bond yields on a rollercoaster ride but mortgage rates remain flat. Is the Canadian economy slowing? When will the Bank of Canada reverse course? Mortgage Rate Outlook Volatility continued in the Canadian mortgage market over the third quarter. Financial markets are currently digesting a complex

Housing Market Update – September 2022

Watch BCREA Chief Economist Brendon Ogmundson discuss the August 2022 statistics. [iframe width=”560″ height=”315″ src=”https://www.youtube.com/embed/GytZxO9YYeM” frameborder=”0″ allowfullscreen style=”position:absolute;top:0;left:0;width:100%;height:100%;”][/iframe] Click here for the Housing Market Update charts. Click here to visit BCREA's YouTube channel. Read the news release here. For more information, please contact: Brendon Ogmundson Chief Economist Direct: 604.742.2796 Mobile: 604.505.6793 Email: [email protected] To subscribe to

BC Housing Market Showing Signs of Stabilizing Despite Decreased Activity

For the complete news release, including detailed statistics, click here. Vancouver, BC – September 13, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 5,645 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August 2022, a decrease of 40.8 per cent from August 2021. The average MLS® residential

BCREA 2022 Third Quarter Housing Forecast Update: High Mortgage Rates Will Weigh on Housing Activity Through 2023

To view the BCREA Housing Forecast Update PDF, click here. Vancouver, BC – September 8, 2022. The British Columbia Real Estate Association (BCREA) released its 2022 Third Quarter Housing Forecast Update today. Multiple Listing Service® (MLS®) residential sales in BC are forecast to decline 34.4 per cent from a record high 2021 to 81,900 units

BC Home Sales Continue to Slow in July

For the complete news release, including detailed statistics, click here. Vancouver, BC – August 11, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 5,572 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in July 2022, a decrease of 42.4 per cent from July 2021. The average MLS® residential

High Mortgage Rates Keeping Potential Buyers Sidelined

For the complete news release, including detailed statistics, click here. Vancouver, BC – July 12, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 7,136 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in June 2022, a decrease of 35.7 per cent from June 2021. The average MLS® residential

Rising Mortgage Rates Continue to Slow Market Activity

For the complete news release, including detailed statistics, click here. Vancouver, BC – June 13, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 8,214 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in May 2022, a decrease of 35.1 per cent from May 2021. The average MLS® residential

BC Home Sales Trending Toward Normal Activity

For the complete news release, including detailed statistics, click here. Vancouver, BC – May 12, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 8,939 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in  April 2022, a decrease of 34.9 per cent from a record April 2021. The average

New BC Real Estate Association Report Estimates Impacts of Increased Supply on BC Housing Market

Vancouver, BC – The British Columbia Real Estate Association (BCREA) has released a new Market Intelligence report estimating the potential impacts of increased housing supply on BC’s housing market. The report, Bigger, Faster…More Affordable? Evaluating the Impact of Supply-Side Policies on the BC Housing Market, finds that policies designed to streamline the development cycle are

Strong First Quarter for BC Housing Markets, But Rising Rates Loom Large

For the complete news release, including detailed statistics, click here. Vancouver, BC – April 12, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 11,463 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in March 2022, a decrease of 24.1 per cent from a record March 2021. The average

Sales Activity Remains Strong Heading into Spring

For the complete news release, including detailed statistics, click here. Vancouver, BC – March 14, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 8,902 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in February 2022, a decrease of 18.8 per cent from February 2021. The average MLS® residential

Extremely Tight Conditions Persist in the BC Housing Market

For the complete news release, including detailed statistics, click here. Vancouver, BC – February 14, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 6,138 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in January 2022, a decrease of 14.7 per cent from January 2021. The average MLS® residential

Too Tight? The Impact of Bank of Canada Tightening on BC Housing Markets

Vancouver, BC – January 18, 2022. The number of home sales in British Columbia is expected to fall and home price growth will moderate because of rising interest rates according to a new report from the British Real Estate Association (BCREA) examining the potential impacts of the Bank of Canada’s rate tightening widely expected this

A Record Year for the BC Housing Market

For the complete news release, including detailed statistics, click here. Vancouver, BC – January 12, 2022. The British Columbia Real Estate Association (BCREA) reports that a record 124,854 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2021, a 32.8 per cent increase from the 94,001 units sold in 2020. The annual average

November Home Sales Lead to New Annual Record in BC

For the complete news release, including detailed statistics, click here. Vancouver, BC – December 15, 2021. The British Columbia Real Estate Association (BCREA) reports that a total of 9,159 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November 2021, a decrease of 3.4 per cent from November 2020. The average MLS® residential

BC Housing Market at Historically Low Level of Supply

For the complete news release, including detailed statistics, click here. Vancouver, BC – November 10, 2021. The British Columbia Real Estate Association (BCREA) reports that a total 9,593 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in October 2021, a decrease of 13.7 per cent from October 2020. The average MLS® residential price

Record-Low Supply Keeps Market Conditions Tight in September

For the complete news release, including detailed statistics, click here. Vancouver, BC – October 12, 2021. The British Columbia Real Estate Association (BCREA) reports that a total of 9,164 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in September 2021, a decrease of 19.9 per cent from September 2020. The average MLS® residential

Way Out of Balance: Housing Supply and Demand During the Pandemic

Vancouver, BC – October 7, 2021. The British Columbia Real Estate Association (BCREA) has published a report quantifying the imbalance between supply and demand in the BC housing market during the COVID-19 pandemic. BCREA’s recent Market Intelligence report, Way Out of Balance: Housing Supply and Demand During the Pandemic, estimates at the peak of market

BC Home Sales Returning to Normal While Supply Hits Record Low

For the complete news release, including detailed statistics, click here. Vancouver, BC – September 14, 2021. The British Columbia Real Estate Association (BCREA) reports that a total 9,507 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August 2021, a decrease of 7.1 per cent over August 2020. The average MLS® residential price

BC Housing Market Activity Continues Moderating Trend in July

For the complete news release, including detailed statistics, click here. Vancouver, BC – August 11, 2021. The British Columbia Real Estate Association (BCREA) reports that a total of 9,663 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in July 2021, a decrease of 7.2 per cent over July 2020. The average MLS® residential

Housing Market Activity Normalizing After a Frenetic Year

For the complete news release, including detailed statistics, click here. Vancouver, BC – July 12, 2021. The British Columbia Real Estate Association (BCREA) reports that a total of 11,070 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in June 2021, an increase of 34.7 per cent over June 2020. The average MLS® residential

Five Questions for the Post-Pandemic Housing Market

The COVID-19 pandemic has had substantial and often counter-intuitive impacts on the BC economy and housing market. As we hopefully put the worst of the pandemic behind us and look ahead to a post-pandemic world, there remains significant uncertainty about what exactly that world is going to look like. In this Market Intelligence, we look

Strong Demand, Dwindling Supply for BC Housing Markets

For the complete news release, including detailed statistics, click here. Vancouver, BC – June 14, 2021. 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

BC Markets Calming but Sales Still on Record Pace

For the complete news release, including detailed statistics, click here. Vancouver, BC – May 12, 2021. The British Columbia Real Estate Association (BCREA) reports that a total of 13,683 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in April 2021, an increase of 312.3 per cent over April 2020 when the onset of

Record-Setting Month for BC Homes Sales

For the complete news release, including detailed statistics, click here. Vancouver, BC – April 13, 2021. The British Columbia Real Estate Association (BCREA) reports that a total of 15,073 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in March 2021, an increase of 123.3 per cent over March 2020 and a new all-time

Supply and Demand: A Quantitative History of BC Home Prices

To view the Market Intelligence Report PDF, click here. Summary Findings: Growth in home prices is a function of many factors and those factors do not always impact prices to the same degree Shocks to housing demand and interest rates are the largest contributors to fluctuations in home prices, but provincial and municipal governments have

BC Housing Market Continues at a Record Pace

For the complete news release, including detailed statistics, click here. Vancouver, BC – March 11, 2021. The British Columbia Real Estate Association (BCREA) reports that a total of 10,918 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in February 2021, an increase of 89.1 per cent over February 2020 and over a thousand

A Record-Setting Start to 2021

For the complete news release, including detailed statistics, click here. Vancouver, BC – February 11, 2021. The British Columbia Real Estate Association (BCREA) reports that a total of 7,169 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in January 2021, an increase of 63.3 per cent over January 2020 and over a thousand

Strong December Home Sales Close Out an Unprecedented Year

For the complete news release, including detailed statistics, click here. Vancouver, BC – January 13, 2021. The British Columbia Real Estate Association (BCREA) reports that a total of 93,953 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2020, an increase of 21.5 per cent from the 77,350 units sold in 2019. The

BC Housing Market Posts Strongest November on Record

For the complete news release, including detailed statistics, click here. Vancouver, BC – December 14, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 9,416 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November 2020, an increase of 42.1 per cent from November 2019. The average MLS® residential

BC Housing Market Continues Record Pace in October

For the complete news release, including detailed statistics, click here. Vancouver, BC – November 12, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 11,051 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in October 2020, an increase of 43.8 per cent from October 2019. The average MLS® residential

COVID-19: Population Growth and Housing Demand

To view the Market Intelligence Report PDF, click here. Summary Findings: Immigration is the most important driver of population growth in BC, with a growing share within the prime working-age and household-forming demographic. The global pandemic has resulted in a sharp drop in immigration and consequently BC reporting one of the lowest quarterly increases in

Record September for BC Housing Markets

For the complete news release, including detailed statistics, click here. Vancouver, BC – October 14, 2020. 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

BC Housing Markets Heat Up as Summer Ends

For the complete news release, including detailed statistics, click here. Vancouver, BC – September 14, 2020. 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

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

Vancouver, BC – September 9, 2020. The 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

Strong Recovery Continues for BC Housing Markets

For the complete news release, including detailed statistics, click here. Vancouver, BC – August 13, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 10,090 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in July 2020, an increase of 26.6 per cent from July 2019. The average MLS® residential

BC Housing Markets Bounce Back in June

For the complete news release, including detailed statistics, click here. Vancouver, BC – July 14, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 8,166 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in June 2020, an increase of 16.9 per cent from June 2019. The average MLS® residential

Housing Market Activity Shows Signs of Recovery in May

For the complete news release, including detailed statistics, click here. Vancouver, BC – June 15, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 4,518 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in May 2020, a decline of 45.2 per cent from May 2019. The average MLS® residential

BCREA Chief Economist Re-appointed to Economic Forecast Council

British Columbia Real Estate Association (BCREA) Chief Economist Brendon Ogmundson has been re-appointed as a member of the Province of British Columbia’s Economic Forecast Council until July 2023. Ogmundson was invited to extend his current term by Minister of Finance Carole James. “COVID-19 has had unprecedented impacts on BC’s economy,” says Ogmundson. “Now more than ever, I welcome

Behind BC’s Unemployment Rate During COVID-19

Highlights: BC’s unemployment rate 11.5 per cent in April, would have been 16.8 percent if underutilized workers included Services sector bears the brunt of physical distancing measures Younger workers have been more impacted, particularly younger women Since the pandemic was declared in March 2020, an unprecedented number of jobs have been lost in a very

Housing Market Slows, but Resilient in Response to Pandemic

For the complete news release, including detailed statistics, click here. Vancouver, BC – May 13, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 3,284 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in April 2020, a decline of 50.8 per cent from April 2019. The average MLS® residential

Is It Different This Time? Recessions and the BC Housing Market

To view the Market Intelligence Report PDF, click here. Summary Findings: The 2020 COVID-19 driven recession will be deep, though the duration may be shorter than past recessions. We expect that home sales will post an initial sharp decline as households and the real estate sector adhere to social distancing. As measures implemented to mitigate

Pandemic Halts Sales Activity in March

For the complete news release, including detailed statistics, click here. Vancouver, BC – April 15, 2020. 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 per cent from March 2019. The average MLS® residential

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

To view the Market Intelligence Report PDF, click here. 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

BC Home Sales Trend Higher in February

For the complete news release, including detailed statistics, click here. Vancouver, BC – March 12, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 5,741 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in February 2020, an increase of 26.3 per cent from February 2019. The average MLS® residential

Estimating the Impacts of the Speculation and Vacancy Tax

To view the Market Intelligence Report PDF, click here. Summary Findings: While all BC markets experienced sharp declines since 2018, the Speculation and Vacancy tax (SVT) is estimated to have reduced home sales in taxable regions in BC by an additional 12.5 per cent compared to non-taxable regions. Growth in home prices since 2018 is

BCREA Welcomes Change to Stress Test

Vancouver, BC – February 19, 2020. As the voice of BC’s 23,000 REALTORS®, the British Columbia Real Estate Association (BCREA) welcomes Minister of Finance Bill Morneau’s announcement of changes to the benchmark rate used to determine the minimum qualifying rate for insured mortgages, also known as the “stress test”. Minister Morneau announced that as of April 6,

BC Housing Markets Off to a Strong Start in 2020

For the complete news release, including detailed statistics, click here. Vancouver, BC – February 13, 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

Housing Markets Flat in 2019 After Strong Second Half

For the complete news release, including detailed statistics, click here. Vancouver, BC – January 13, 2020. 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 per cent from the 78,516 units sold in 2018. The

Home Sales Firming Across the Province

For the complete news release, including detailed statistics, click here. Vancouver, BC – December 12, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 6,616 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November, an increase of 27.5 per cent from the same month last year. The average

Home Sales Continue Normalization Trend in October

For the complete news release, including detailed statistics, click here. Vancouver, BC – November 13, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 7,666 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in October, an increase of 19.3 per cent from the same month last year. The average

Market Momentum Continues into the Fall

For the complete news release, including detailed statistics, click here. Vancouver, BC – October 15, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 6,938 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in September, an increase of 24 per cent from the same month last year. The average

Brendon Ogmundson Steps Into Role of BCREA Chief Economist

Darlene Hyde, Chief Executive Officer of the BC Real Estate Association (BCREA), is pleased to announce the appointment of Brendon Ogmundson as Chief Economist for BCREA. Brendon has been with BCREA for nine years, most recently serving as Deputy Chief Economist. Earlier this year, he was awarded the Crystal Ball Award by the Association of

Potential Uptake of the First-Time Home Buyer Incentive

To view the Market Intelligence Report PDF, click here. Summary Findings: Evaluating the First-Time Home Buyer Incentive (FTHBI) based on its principle eligibility criteria, the highest potential uptake of the FTHBI would be in more affordable regions located outside of the Lower Mainland. In contrast, the lowest uptake would be in the Lower Mainland and

Housing Demand Continues to Recover in August

For the complete news release, including detailed statistics, click here. Vancouver, BC – September 12, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 7,093 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August, an increase of 4.9 per cent from the same month last year. The average

Housing Demand Improves in July

For the complete news release, including detailed statistics, click here. Vancouver, BC – August 13, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 7,930 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in July, an increase of 12.4 per cent from the same month last year. The average

The Impact of the B20 Stress Test on BC Home Sales in 2018

To view the Market Intelligence Report PDF, click here. Summary Findings: The decline in home sales in 2018 was largely due to market factors like interest rates and affordability Without the stress test, home sales in BC would have been about 7,500 sales—or 10% higher—in 2018 Approximately $500 million in BC economic activity was lost

BC Home Sales Trend Lower in June

For the complete news release, including detailed statistics, click here. Vancouver, BC – July 15, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 6,960 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in June, a decline of 11.8 per cent from the same month last year. The

BC Home Sales on the Rise in May

For the complete news release, including detailed statistics, click here. Vancouver, BC – June 14, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 8,221 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in May, a decline of 7 per cent from the same month last year. The

Affordability Continues to Weigh on Housing Demand

For the complete news release, including detailed statistics, click here. Vancouver, BC – May 14, 2019.The British Columbia Real Estate Association (BCREA) reports that a total of 6,652 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in April, a decline of 18.9 per cent from the same month last year. The average

Stress Test Creating Pent-up Demand

For the complete news release, including detailed statistics, click here. Vancouver, BC – April 15, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 5,707 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in March, a decline of 23 per cent from the same month last year. The

Mortgage Stress Test Continues to Dampen Home Sales in February

For the complete news release, including detailed statistics, click here. Vancouver, BC – March 13, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 4,533 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in February, a decline of 27 per cent from the same month last year. The

Policy-Induced Housing Slowdown Continues into 2019

For the complete news release, including detailed statistics, click here. Vancouver, BC – February 15, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 3,546 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in January, a decline of 33.2 per cent from the same month last year. The

BC Home Sales Decline 25% in 2018

For the complete news release, including detailed statistics, click here. Vancouver, BC – January 15, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 78,345 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2018, a decline of 24.5 per cent from the 103,758 units sold in 2017.

BC Home Sales Continue at Slower Pace

For the complete news release, including detailed statistics, click here. Vancouver, BC – December 14, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 5,179 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in November, down 33.1 per cent from the same month last year.

Balanced Conditions Prevail in BC Housing Market

For the complete news release, including detailed statistics, click here. Vancouver, BC – November 14, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 6,405 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in October, down 26.2 per cent from the same month last year.

BC Home Sales Continue at Slower Pace in September

For the complete news release, including detailed statistics, click here. Vancouver, BC – October 11, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 5,573 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in September, a 33.2 per cent decrease from the same month last

August Home Sales Suggest Impact of Stress Test Fading

For the complete news release, including detailed statistics, click here. Vancouver, BC – September 13, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 6,743 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in August, a 26.4 per cent decrease from the same month last

Summer Home Sales Slow to a Simmer

For the complete news release, including detailed statistics, click here. Vancouver, BC – August 13, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 7,055 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in July, a 23.9 per cent decrease from the same month last

A Return to Balance for BC Housing Market

For the complete news release, including detailed statistics, click here. Vancouver, BC – July 13, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 7,884 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in June, a 32.5 per cent decrease from the same month last

Mortgage Policy Changes Hit Affordability Hard

For the complete news release, including detailed statistics, click here. Vancouver, BC – June 15, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 8,837 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in May, a 28.7 per cent decrease from the same month last

BC Home Sales Show Little Change in April

For the complete news release, including detailed statistics, click here. Vancouver, BC – May 14, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 8,203 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in April, a 16.8 per cent decrease from the same month last

Policy Induced Demand Slide Does Little to Impact Supply

For the complete news release, including detailed statistics, click here. Vancouver, BC – April 12, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 7,409 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in March, a 24.6 per cent decrease from the same month last

New Mortgage Qualification Rules Temper Housing Demand

For the complete news release, including detailed statistics, click here. Vancouver, BC – March 14, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 6,206 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in February, a 5.7 per cent decrease from the same period last

BC Home Sales Dip After Strong December

For the complete news release, including detailed statistics, click here. Vancouver, BC – February 15, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 5,306 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in January, an increase of 18.3 per cent from the same period

BC Home Sales Above 100,000 for Third Consecutive Year

For the complete news release, including detailed statistics, click here. Vancouver, BC – January 12, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 103,763 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in 2017, a decline of 7.5 per cent from a record 112,211