Karen Tsao | 604-422-0855

BC Housing Market Update for July 2019

C Housing Market Update for July 2019

The British Columbia Real Estate Association (BCREA) reports that a total of 6,960 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in June, a decline of 11.8% from the same month last year. The average MLS® residential price in the province was $687,584, a decline of 4% from June 2018. Total sales dollar volume was $4.8 billion, a 15.3% decline from the same month last year.


“BC home sales moderated lower in June after a stronger showing in May,” said BCREA Deputy Chief Economist Brendon Ogmundson. “While mortgage rates offered by lenders have moved below 3%, a static qualifying rate has limited the impact of the lower cost of borrowing.”


Total MLS® residential active listings were up 18.6% to 42,625 units compared to the same month last year and were essentially flat on a seasonally adjusted basis compared to May.


Year-to-date, BC residential sales dollar volume was down 23.4% to $24.5 billion, compared with the same period in 2018. Residential unit sales decreased 18.7% to 35,679 units, while the average MLS® residential price was down 5.8% to $688,080.














For the complete news release, including detailed statistics, click here.



Karen Tsao
Cell:604-422-0855
Office:604-602-1111
RE/MAX Crest Realty
1428 West 7th Avenue
Vancouver, BC
V6H 1C1 CA
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.