Market Updates

June 6, 2020

2019 Buyer Profile

The Vancouver Island Real Estate Board created the 2019 Buyer Profile based on responses form 1,378 households in the area. It reveals the who, what and where of residential properties purchased last year.

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April 18, 2020

March Housing Market Update

Brendon Ogmundson, Chief Economist for BCREA, shares the effect of COVID-19 on the March housing market around the province.

March 12, 2020

February Housing Market Update

February home sales for Vancouver Island are up 6.1% and the average house price has increased to $501,828. BCREA Chief Economist Brendon Ogmundson. attributes the trend to the recent decline in mortgage rates and the reduction in the mortgage stress test rate.

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Jan. 23, 2020

BCREA 2020 First Quarter Housing Forecast Update

"The outlook for home sales in 2020 is considerably brighter than the past two year," said Brendon Ogmundson, BCREA Chief Economist.

BCREA is forecasting residential sales in BC will increase 10.3% this year. And due to limited inventory, home prices will likely rise 4.8%.

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July 31, 2017

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood ...

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Posted in Market Updates