The average MLS residential price in BC was $946,606, a 29.1 per cent increase from $733,330 recorded in April 2020. Total sales dollar volume was $12.9 billion, a 432.2 per cent increase from last year. “Although provincial home sales were down slightly from an all-time high in March, sales activity was the highest on record for April,” said BCREA Chief Economist Brendon Ogmundson. “Home sales continue on a record pace, though we do see a calming environment compared to the frenzied activity of recent months.”
VANCOUVER – 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 the COVID-19 pandemic prompted a lockdown of the provincial economy.
Multiple Listing Service (MLS) residential sales in the province are forecast to rise 33.6 per cent to 125,600 units this year, after recording 94,013 sales in 2020. In 2022, MLS® residential sales are forecast to pull back 20.3 per cent to 100,150 units.
VANCOUVER – The British Columbia Real Estate Association (BCREA) released its 2021 Second Quarter Housing Forecast which details a record setting pace.
Multiple Listing Service (MLS) residential sales in the province are forecast to rise 33.6 per cent to 125,600 units this year, after recording 94,013 sales in 2020. In 2022, MLS® residential sales are forecast to pull back 20.3 per cent to 100,150 units.
“Home sales across the province are on pace to shatter previous records,” said Brendon Ogmundson, BCREA Chief Economist. “However, there are early signs that markets are calming from the frenetic pace of recent months and could balance out over the second half of this year.”
Slim pickings for home hunters on Vancouver Island in April
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There’s little relief in sight for potential Vancouver Island homebuyers.
While the number of single-family homes and condos on the market rose by eight percent and 16 percent, respectively, in April, active listings of townhouses dropped by eight percent.
There was also a slight uptick in sales, with 590 houses sold compared to 567 in March.
In the condo apartment category, 133 units sold last month versus 136 in March 2021.
As for townhouses, 106 units changed hands in April compared to 124 the previous month.
The Vancouver Island Real Estate Board is not doing year-by-year comparisons, because of the impact the pandemic had on the market last spring.
A real estate sign is pictured in Vancouver on June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward
The average MLS residential price in BC was $947,707, a 20.4 per cent increase from $787,032 recorded in March 2020. It should be noted that average prices across the province are being skewed higher as more expensive single-detached homes remain a higher share of dollar volume during the pandemic. Total sales dollar volume was $14.3 billion, a 168.9 per cent increase from last year.
VANCOUVER – 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 record for monthly BC home sales.
All-time new monthly record reached in March 2021 for BC home sales dailyhive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyhive.com Daily Mail and Mail on Sunday newspapers.