Provincial Housing Market on a Record-Setting Pace
BCREA 2021 Second Quarter Housing Forecast
To view the BCREA Housing Forecast PDF, click here.
For immediate release
Vancouver, BC – May 5, 2021. The British Columbia Real Estate Association (BCREA) released it's 2021 Second Quarter Housing Forecast today.
Multiple Listing Service® (MLS®) residential sales in the province are forecast to rise 33.6 percent 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 percent 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
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