January 2021

Mortgage Rate Forecast

Posted on Jan 29, 2021

British Columbia Real Estate Association (BCREA) predicts low mortgage rates to remain low until 2023.

Very low inventory levels in all categories have created upward pressure on home prices and low inventory levels have reduced competition in the market, resulting in a strong seller's market entering into 2021. 
On the buyer's side, record low mortga...

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"We expect considerable momentum heading into 2021"

Posted on Jan 15, 2021

BCREA Housing Market Update - January 2012

Vancouver, BC – January 13, 2021. 
The British Columbia Real Estate Association (BCREA) reports that a total of 93,953 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2020, an increase of 21.5 per cent from the 77,350 units sold in 2019. The annual average MLS® residential pric...

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STATS ON BOWEN - Year-end December 2020

Posted on Jan 13, 2021

2020 Year-end report – Benchmark price at new high

The YoY* MLS® Home Price Index (benchmark price) for Bowen Island passed $1.0 million in November, 2020, and ended the year at $1.025 million. Without exception, 2019 was a year of decline across all indicators: The benchmark price reached an all-time high in March, 2019, and then lost 5 per cent of...

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