BC Housing Markets Off to a Strong Start in 2020
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 percent from the 3,579 units sold in January 2019. The average MLS® residential price in BC was $725,370, a 9.1 percent increase from $664,633 recorded the previous year. Total sales dollar volume in January was $3.2 billion, a 35 percent increase over 2019.
“Housing markets in BC are off to a strong start in 2020,” said BCREA Chief Economist Brendon Ogmundson. “We expect a much more typical year of home sales in 2020 as markets recover from the policy-induced…