To view the BCREA Housing Forecast Update PDF, click here.
Provincial Housing Market Set Up for Very Strong 2021
BCREA 2021 First Quarter Housing Forecast Update
Vancouver, BC – January 25, 2021. The British Columbia Real Estate Association (BCREA) released its 2021 First Quarter Housing Forecast Update today.
Multiple Listing Service® (MLS®) residential sales in the province are forecast to rise 15.6 per cent to 108,680 units this year, after recording 94,021 sales in 2020. In 2022, MLS® residential sales are forecast to pull back 9 per cent to 98,850 units.
“After an unprecedented and often surprising performance in 2020, the provincial housing market is set up for a very strong year in 2021,”...