{"id":14927,"date":"2020-02-17T10:10:00","date_gmt":"2020-02-17T18:10:00","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=14927"},"modified":"2020-02-13T07:59:21","modified_gmt":"2020-02-13T15:59:21","slug":"bcrea-housing-markets-off-to-a-strong-start-in-2020","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2020\/02\/bcrea-housing-markets-off-to-a-strong-start-in-2020\/","title":{"rendered":"BCREA Housing Markets Off to A Strong Start in 2020"},"content":{"rendered":"<p style=\"text-align: justify;\">Vancouver, BC \u2013 February 13, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 4,426 residential unit sales were recorded by the Multiple Listing Service\u00ae (MLS\u00ae) in January 2020, an increase of 23.7% from the 3,579 units sold in January 2019. The average MLS\u00ae residential price in BC was $725,370, a 9.1% increase from $664,633 recorded the previous year. Total sales dollar volume in January was $3.2 billion, a 35% increase over 2019.<\/p>\n<p>\u00a0\u00a0 <a href=\"https:\/\/www.roryc.ca\/blog\/?attachment_id=14931\" rel=\"attachment wp-att-14931\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-14931\" src=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2020\/02\/BCREA-288x216.jpg\" alt=\"\" width=\"555\" height=\"416\" srcset=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2020\/02\/BCREA-288x216.jpg 288w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2020\/02\/BCREA.jpg 600w\" sizes=\"auto, (max-width: 555px) 100vw, 555px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">\u201cHousing markets in BC are off to a strong start in 2020,\u201d said BCREA Chief Economist Brendon Ogmundson. \u201cWe expect a much more typical year of home sales in 2020 as markets recover from the policy-induced slowdown of the past two years.\u201d<\/p>\n<p style=\"text-align: justify;\">Total MLS\u00ae residential active listings fell 12.6% to 25,790 units compared to the same month last year. The ratio of sales to active residential listings increased to 17.2% from just 12.1% last January.<\/p>\n<p style=\"text-align: justify;\">\u201cWhile many markets are showing strong signs of recovery, the struggling forestry sector is having a clear impact on housing demand, particularly in the North and parts of Vancouver Island,\u201d added Ogmundson.<\/p>\n<p>\u00a0\u00a0\u00a0 <a href=\"https:\/\/www.roryc.ca\/blog\/?attachment_id=14929\" rel=\"attachment wp-att-14929\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-14929\" src=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2020\/02\/2-168x288.png\" alt=\"\" width=\"485\" height=\"831\" srcset=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2020\/02\/2-168x288.png 168w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2020\/02\/2.png 441w\" sizes=\"auto, (max-width: 485px) 100vw, 485px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.bcrea.bc.ca\/wp-content\/uploads\/2020-01.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Click here<\/a> for the complete news release, including detailed statistics.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.bcrea.bc.ca\/economics\/bc-housing-markets-off-to-a-strong-start-in-2020\/\" target=\"_blank\" rel=\"noopener noreferrer\">BC Housing Markets Off to A Strong Start in 2020<\/a> by <span class=\"details\">Brendon Ogmundson | BCREA<br \/>\n<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vancouver, BC \u2013 February 13, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 4,426 residential unit sales were recorded by the Multiple Listing Service\u00ae (MLS\u00ae) &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2020\/02\/bcrea-housing-markets-off-to-a-strong-start-in-2020\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-14927","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BCREA Housing Markets Off to A Strong Start in 2020 &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2020\/02\/bcrea-housing-markets-off-to-a-strong-start-in-2020\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"BCREA Housing Markets Off to A Strong Start in 2020 &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Vancouver, BC \u2013 February 13, 2020. 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