Vancouver, BC – July 12, 2021. The British Columbia Real Estate Association (BCREA) reports that a total of 11,070 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in June 2021, an increase of 34.7% over June 2020. The average MLS® residential price in BC was $910,445, a 22.2% increase from $745,194 recorded in June 2020. Total sales dollar volume was $10.1 billion, a 64.6% increase from last year.

“As expected, housing market activity is calming to start the second half of 2021,” said BCREA Chief Economist Brendon Ogmundson. “That said, while down from record highs earlier this year, home sales across the province remain well above long-run average levels”

Total active residential listings were down 23.4% year-over-year in June and continued to fall on a monthly seasonally adjusted basis.

Year-to-date, BC residential sales dollar volume was up 161.6% to $64.7 billion, compared with the same period in 2020. Residential unit sales were up 114.3% to 70,690 units, while the average MLS® residential price was up 22.1% to $915,563.

Click here for the complete news release, including detailed statistics.

Housing Market Activity Normalizing After A Frenetic Year by Brendon Ogmundson | Chief Economist | BCREA