Housing Market Update - September 2022
Posted by Team Biberger on
Vancouver, BC – September 13, 2022
The British Columbia Real Estate Association (BCREA) reports that a total of 5,645 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August 2022, a decrease of 40.8 per cent from August 2021. The average MLS® residential price in BC was $918,378, a 2.1 per cent increase from $899,428 recorded in August 2021. Total sales dollar volume was $5.2 billion, a 39.6 per cent decline from the same time last year.
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Watch BCREA Chief Economist Brendon Ogmundson discuss the August 2022 statistics.
This information is provided by the British Columbia Real Estate Association (BCREA)