In July 2020, the British Columbia Real Estate Association (BCREA) reported a total of 10,090 residential unit sales recorded by the Multiple Listing Service® (MLS®). This showed an increase of...
Blog & News: Vancouver Real Estate Market
STRONG RECOVERY OF BC HOMES SALES PREDICTED FOR 2021
The British Columbia Real Estate Association (BCREA) has released its 2020 Second Quarter Forecast. According to the release, a 21% decline in Multiple Listing Service® (MLS®) residential sales...
RESILIENT RESPONSE AS HOUSING MARKET SLOWS AMID PANDEMIC
According to the British Columbia Real Estate Association (BCREA), there was a total of 3,284 residential units recorded by the Multiple Listing Service® (MLS®) in April 2020. This is a decline...
BC HOUSING MARKET AND RECESSIONS
In the past 40 years, the Canadian economy has had three recessions, each of them different in cause, depth, and duration. The 2020 COVID-19 recession is said to be deep, but will not last long when compared...
SALES ACTIVITY IN MARCH COMES TO A HALT DUE TO THE PANDEMIC
In March 2020, the British Columbia Real Estate Association (BCREA), reported a total of 6,717 residential unit sales recorded by the Multiple Listing Service® (MLS®). This is a 17.2% increase from...
INTEREST RATE ANNOUNCEMENT FROM BANK OF CANADA
The Bank of Canada has lowered its overnight policy rate for the second time this month, taking the rate down a further 50 basis points to 0.25%. This is what the Bank considers as its effective lower bound...
COVID-19 AND ITS POTENTIAL IMPACT ON THE BC HOUSING MARKET
The COVID-19 outbreak has caused a steep decline in interest rates, however, it is uncertain as to how severe the impact will be on economic activity. Considering the importance of tourism and our trade...
STRONG START FOR BC HOUSING MARKET IN 2020
In January 2020, a total of 4,426 residential units were recorded by the Multiple Listing Service® (MLS®), as reposted by the British Columbia Real Estate Association (BCREA). This was an increase...
HOUSING MARKETS FLAT IN 2019
The Multiple Listing Service® (MLS®) recorded a total of 77,331 residential unit sales in 2019, a decrease of 1.5% from the 78,516 units sold in 2018 as reported by the British Columbia Real Estate...
HOME SALES FIRM UP ACROSS BC
According to the British Columbia Real Estate Association (BCREA) report, there were 6,616 residential unit sales recorded by the Multiple Listing Service® (MLS®) in November. This showed an increase...
Normalization trend of home sales to continue in October
According to the British Columbia Real Estate Association (BCREA), residential unit sales totalled 7,666 as recorded by the Multiple Listing Service® (MLS®) in October. This is an increase of 19.3%...
Home sales in BC to carry momentum into 2020
According to the Multiple Listing Service® (MLS®)forecast, residential sales in the province are to decline 1.8% to about 77,100 units this year, compared to 78,505 residential sales in 2018. R...
Market keeps momentum into fall
The British Columbia Real Estate Association (BCREA)reports shows residential unit sales reached a total of 6,938 as recorded by the Multiple Listing Service® (MLS®) in September, a 24% increase...
A rise in demand helps to balance the housing market
Home buyer demand has returned to more usual levels in Metro Vancouver over the last three months.
The residential home sales in the area has reached 2,333 in September 2019, when compared to 1,595 in September...
Sales in BC are forecast to rise in 2020
According to the British Columbia Real Estate Association (BCREA), sales in BC are forecast to rise next year.
Multiple Listing Service® (MLS®) residential sales in the province are expected to...
Balanced Conditions Prevail in BC Housing Market
Slower Growth Expected for Economy and Housing Market in the Second Quarter of 2018

Vancouver, BC – May 31, 2018. The British Columbia Real Estate Association (BCREA) released its 2018 Second Quarter Housing Forecast today.
Multiple Listing Service® (MLS® )...
The Economic Fallout of Housing Price Shocks
April 04, 2018 - The desire of some well-meaning British Columbians for government to drive down the price of homes through demand-side policy may sound practical at first blush. However, when you consider...
BC Housing Demand to Slow Through 2019
First Quarter, March 2018 - HOUSING FORECAST UPDATE
Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 8.6 per cent to 94,855 units this...
New Mortgage Qualification Rules Temper Housing Demand
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®...