The British Columbia Real Estate Association (BCREA) reports that a total of 9,162 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August, an increase of 2.4 per cent from the same period last year. Total sales dollar volume was $6.2 billion, up 22 per cent from August 2016. The average MLS® residential price in the province was $678,186, a 19.1 per cent increase from August 2016.
“BC home sales in August remained unchanged from July, on a seasonally adjusted basis,” said Cameron Muir, BCREA Chief Economist. “Strong economic conditions are underpinning demand. However, rising home prices combined with upward pressure on mortgage interest rates is expected to temper demand over the balance of the year.”
Year-to-date, BC residential sales dollar volume was down 15.9 per cent to $51.8 billion, when compared with the same period in 2016. Residential unit sales declined 15.0 per cent to 73,267 units, while the average MLS® residential price was down 1.1 per cent to $706,839.
August 2017 Year-to-Date BC Residential Multiple Listing Service® Data by Board
|
Board |
Dollar Volume (000s) |
Unit Sales |
Average Price |
||||||
|
|
2017 ($) |
2016 ($) |
% change |
2017 |
2016 |
% change |
2017 ($) |
2016 ($) |
% change |
|
BC Northern |
825,228 |
770,706 |
7.1 |
2,936 |
2,925 |
0.4 |
281,072 |
263,489 |
6.7 |
|
Chilliwack |
1,303,747 |
1,310,868 |
-0.5 |
2,833 |
3,325 |
-14.8 |
460,200 |
394,246 |
16.7 |
|
Fraser Valley |
10,623,789 |
12,747,816 |
-16.7 |
15,230 |
18,353 |
-17 |
697,557 |
694,590 |
0.4 |
|
Greater Vancouver |
26,458,791 |
33,884,455 |
-21.9 |
25,750 |
32,294 |
-20.3 |
1,027,526 |
1,049,249 |
-2.1 |
|
Kamloops |
849,285 |
780,258 |
8.8 |
2,340 |
2,291 |
2.1 |
362,942 |
340,575 |
6.6 |
|
Kootenay |
701,653 |
554,960 |
26.4 |
2,272 |
1,983 |
14.6 |
308,826 |
279,859 |
10.4 |
|
Okanagan Mainline |
3,208,514 |
3,381,822 |
-5.1 |
6,513 |
7,349 |
-11.4 |
492,632 |
460,174 |
7.1 |
|
Powell River |
84,139 |
86,413 |
-2.6 |
272 |
303 |
-10.2 |
309,333 |
285,193 |
8.5 |
|
South Okanagan |
689,090 |
648,591 |
6.2 |
1,752 |
1,789 |
-2.1 |
393,316 |
362,544 |
8.5 |
|
Northern Lights |
68,222 |
40,542 |
68.3 |
269 |
163 |
65 |
253,615 |
248,725 |
2 |
|
Vancouver Island |
2,981,920 |
2,983,738 |
-0.1 |
6,934 |
7,828 |
-11.4 |
430,043 |
381,162 |
12.8 |
|
Victoria |
3,993,567 |
4,393,742 |
-9.1 |
6,166 |
7,604 |
-18.9 |
647,676 |
577,820 |
12.1 |
|
Provincial Totals* |
51,787,944 |
61,583,913 |
-15.9 |
73,267 |
86,207 |
-15 |
706,839 |
714,373 |
-1.1 |
* Numbers may not add due to rounding
August 2017 Residential Average Price, Active Listings and Sales-to-Active-Listings Data by Board
|
Board |
Average Price |
Active Listings |
Sales-to-Active-Listings |
|||||
|
August 2017 Residential Average Price ($) |
August 2016 Residential Average Price ($) |
% change |
August 2017 Residential Active Listings (Units) |
August 2016 Residential Active Listings (Units) |
% change |
August 2017 Residential Sales to Active Listings (%) |
August 2016 Residential Sales to Active Listings (%) |
|
|
BC Northern |
288,175 |
264,902 |
8.8 |
2,794 |
2,936 |
-4.8 |
13.7 |
14.9 |
|
Chilliwack |
477,515 |
396,958 |
20.3 |
894 |
938 |
-4.7 |
39.3 |
40.5 |
|
Fraser Valley |
689,700 |
616,286 |
11.9 |
4,480 |
4,800 |
-6.7 |
40.7 |
33.5 |
|
Greater Vancouver |
982,454 |
833,065 |
17.9 |
9,470 |
9,198 |
3 |
32.7 |
27.8 |
|
Kamloops |
360,288 |
352,588 |
2.2 |
1,278 |
1,708 |
-25.2 |
25.9 |
21.2 |
|
Kootenay |
300,824 |
299,602 |
0.4 |
2,302 |
2,679 |
-14.1 |
14.8 |
12.3 |
|
Okanagan Mainline |
489,130 |
464,982 |
5.2 |
3,365 |
3,374 |
-0.3 |
26.2 |
30.2 |
|
Powell River |
318,950 |
319,784 |
-0.3 |
92 |
115 |
-20 |
32.6 |
40 |
|
South Okanagan |
390,611 |
346,338 |
12.8 |
1,106 |
1,126 |
-1.8 |
20.3 |
22.3 |
|
Northern Lights |
262,685 |
242,782 |
8.2 |
491 |
440 |
11.6 |
7.9 |
6.4 |
|
Vancouver Island |
438,212 |
384,590 |
13.9 |
2,730 |
2,996 |
-8.9 |
35.6 |
36.3 |
|
Victoria |
651,023 |
570,196 |
14.2 |
1,398 |
1,440 |
-2.9 |
49.5 |
58.2 |
|
Provincial Totals* |
678,186 |
569,281 |
19.1 |
30,400 |
31,750 |
-4.3 |
30.1 |
28.2 |
*Numbers may not add due to rounding
August 2017 BC Residential Multiple Listing Service® Data by Board
|
Board |
Dollar Volume (000s) |
Units |
||||
|
August 2017 Residential Sales ($) |
August 2016 Residential Sales ($) |
% change |
August 2017 Residential Sales (Units) |
August 2016 Residential Sales (Units) |
% change |
|
|
BC Northern |
110,371 |
116,027 |
-4.9 |
383 |
438 |
-12.6 |
|
Chilliwack |
167,608 |
150,844 |
11.1 |
351 |
380 |
-7.6 |
|
Fraser Valley |
1,256,634 |
992,220 |
26.6 |
1,822 |
1,610 |
13.2 |
|
Greater Vancouver |
3,042,660 |
2,127,648 |
43 |
3,097 |
2,554 |
21.3 |
|
Kamloops |
119,255 |
127,637 |
-6.6 |
331 |
362 |
-8.6 |
|
Kootenay |
102,280 |
98,869 |
3.5 |
340 |
330 |
3 |
|
Okanagan Mainline |
431,413 |
474,281 |
-9 |
882 |
1,020 |
-13.5 |
|
Powell River |
9,569 |
14,710 |
-35 |
30 |
46 |
-34.8 |
|
South Okanagan |
87,497 |
86,931 |
0.7 |
224 |
251 |
-10.8 |
|
Northern Lights |
10,245 |
6,798 |
50.7 |
39 |
28 |
39.3 |
|
Vancouver Island |
425,504 |
418,434 |
1.7 |
971 |
1,088 |
-10.8 |
|
Victoria |
450,508 |
477,824 |
-5.7 |
692 |
838 |
-17.4 |
|
Provincial Totals* |
6,213,543 |
5,092,222 |
22 |
9,162 |
8,945 |
2.4 |
*Numbers may not add due to rounding
**NOTE: The Northern Lights Real Estate Board (NLREB) became part of the South Okanagan Real Estate Board (SOREB) on May 1, 2011.
BCREA is the professional association for about 22,000 REALTORS® in BC, focusing on provincial issues that impact real estate. Working with the province’s 11 real estate boards, BCREA provides continuing professional education, advocacy, economic research and standard forms to help REALTORS® provide value for their clients.
To demonstrate the profession’s commitment to improving Quality of Life in BC communities, BCREA supports policies that help ensure economic vitality, provide housing opportunities, preserve the environment, protect property owners and build better communities with good schools and safe neighbourhoods.
For detailed statistical information, contact your local real estate board. MLS® is a cooperative marketing system used only by Canada’s real estate boards to ensure maximum exposure of properties listed for sale.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), 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 GVR, 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 GVR, the FVREB or the CADREB.