BC Housing Market Update for June 2021

BC housing market is calming down to start the 2nd half of 2021. For the third consecutive month, total home sales cooled down on a month-over-month basis with 12.4%. On a yearly basis, BC home sales remain well above long run average levels with 34.7% increase. Many parts of BC still remain in seller's market.

The average MLS® residential price in BC was $910,445. This represents a 22.2% increase from the same month last year and 0.6% decrease from June 2021. Regions in Powell River and Kamloops have the biggest jump in average sale price from a year ago than the rest of the province.

Karen Tsao
Karen Tsao
1428 W 7th Ave Vancouver BC V6H 1C1