British Columbia Home Sales Continue Well Above Usual

Total active residential listings were down 23.4 per cent year-over-year in June, reports the British Columbia Real Estate Association (BCREA). However, a total of 11,070 residential unit sales were recorded by the Multiple Listing Service (MLS) in June 2021, an increase of 34.7 per cent from June 2020. “As expected, housing market activity is calming to start the second half of 2021," said chief economist Brendon Ogmundson for BCREA. "That said, while down from record highs earlier this year, home sales across the province remain well above long-run average levels."