{"id":17383,"date":"2021-02-11T10:10:00","date_gmt":"2021-02-11T18:10:00","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=17383"},"modified":"2021-02-11T09:13:37","modified_gmt":"2021-02-11T17:13:37","slug":"bcrea-a-record-setting-start-to-2021","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2021\/02\/bcrea-a-record-setting-start-to-2021\/","title":{"rendered":"BCREA : A Record-Setting Start to 2021"},"content":{"rendered":"<p style=\"text-align: justify;\">Vancouver, BC \u2013 February 11, 2021. The British Columbia Real Estate Association (BCREA) reports that a total of 7,169 residential unit sales were recorded by the Multiple Listing Service\u00ae (MLS\u00ae) in January 2021, an increase of 63.3% over January 2020 and over a thousand sales higher than the previous record for the month of January. The average MLS\u00ae residential price in BC was $845,169, a 16.1% increase from $728,269 recorded in January 2020. Total sales dollar volume was $6.1 billion, an 89.6% increase from last year.<\/p>\n<p style=\"text-align: justify;\">\u201cIt was once again a record-setting month for the provincial housing market,\u201d said BCREA Chief Economist Brendon Ogmundson. \u201cWhile sales were strong across all regions of the province, the Fraser Valley, Interior and Vancouver Island regions shattered previous sales records and pushed January sales to new heights.\u201d<\/p>\n<p style=\"text-align: justify;\">Total active residential listings were down 21.5% to 20,254 units in January, the lowest level of provincial active listings on record, going back to 2000. With strong sales and so few listings, market conditions are exceptionally tight with less than three months of total supply.<\/p>\n<p style=\"text-align: justify;\">\u201cThe supply of listings continues to be held back by the pandemic,\u201d added Ogmundson. \u201cWith so few listings, markets are starved for supply and prices are under extraordinary pressure.\u201d<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.bcrea.bc.ca\/wp-content\/uploads\/2021-01.pdf\" target=\"_blank\" rel=\"noopener\">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\/a-record-setting-start-to-2021\/\" target=\"_blank\" rel=\"noopener\">A Record-Setting Start to 2021<\/a> by Brendon Ogmundson | Chief Economist | BCREA<\/p>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vancouver, BC \u2013 February 11, 2021. The British Columbia Real Estate Association (BCREA) reports that a total of 7,169 residential unit sales were recorded by the Multiple Listing Service\u00ae (MLS\u00ae) &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2021\/02\/bcrea-a-record-setting-start-to-2021\/\">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-17383","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BCREA : A Record-Setting Start to 2021 &#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\/2021\/02\/bcrea-a-record-setting-start-to-2021\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"BCREA : A Record-Setting Start to 2021 &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Vancouver, BC \u2013 February 11, 2021. 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