BC Housing Relatively Calm Heading into Spring in Around Town
The BC Real Estate Association reports that a total of 5,497 residential unit sales were recorded in Multiple Listing Service® systems in February 2024, an increase of 15.3 per cent from February 2023.
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In the Vancouver Island market (not including Victoria) average residential prices in February 2024 were up 12 per cent to $733,706, with 11.7% more sales at 479 units.
For all of BC, active listings are up 20.3 per cent over last year as a result of slower sales. Last year was the slowest pace of new listing activity since 2005.
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