The British Columbia Real Estate Association (BCREA) reports that a total of 5,179 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in November, down 33.1 per cent from the same month last year. The average MLS® residential price in BC was $718,903, a decline of 1.9 per cent from November 2017. Total sales dollar volume was $3.7 billion, a 34.3 per cent decline from November 2017.
“BC households continue to struggle with the sharp decline in purchasing power caused by the B20 mortgage stress test,” said Cameron Muir, BCREA Chief Economist. “Most BC regions are now exhibiting relative balance between supply and demand.”
Total active residential listings were up nearly 31 per cent to 33,500 units in November, compared to the same month last year. However, it should be noted that this compares to 2017, when active listings for the month of November were at their lowest level in more than 15 years.
Year-to-date, BC residential sales dollar volume was down 23.1 per cent to $53.4 billion, compared with the same period in 2017. Residential unit sales declined 23.6 per cent to 74,847 units, while the average MLS® residential price was up 0.7 per cent to $713,302.
November 2018 Residential Average Price, Active Listings and Sales-to-Active-Listings Data by Board
|
Board |
Average Price |
Active Listings |
Sales-to-Active-Listings |
|||||
|
November 2018 Residential Average Price ($) |
November 2017 Residential Average Price ($) |
% change |
November 2018 Residential Active Listings (Units) |
November 2017 Residential Active Listings (Units) |
% change |
November 2018 Residential Sales to Active Listings (%) |
November 2017 Residential Sales to Active Listings (%) |
|
|
BC Northern |
295,568 |
265,040 |
11.5 |
1,768 |
2,005 |
-11.8 |
19.5 |
15.3 |
|
Chilliwack |
539,600 |
484,753 |
11.3 |
1,272 |
766 |
66.1 |
13.9 |
37.1 |
|
Fraser Valley |
746,651 |
715,364 |
4.4 |
6,032 |
3,891 |
55 |
16.2 |
42.2 |
|
Greater Vancouver |
1,050,151 |
1,026,506 |
2.3 |
12,978 |
9,369 |
38.5 |
12.6 |
30.2 |
|
Kamloops |
405,411 |
363,762 |
11.4 |
967 |
923 |
4.8 |
21.8 |
24.1 |
|
Kootenay |
321,861 |
306,988 |
4.8 |
1,519 |
1,605 |
-5.4 |
12.9 |
16.4 |
|
Okanagan Mainline |
518,848 |
501,335 |
3.5 |
3,383 |
2,521 |
34.2 |
13.6 |
24 |
|
Powell River |
309,089 |
312,255 |
-1 |
98 |
75 |
30.7 |
27.6 |
26.7 |
|
South Okanagan |
409,098 |
446,554 |
-8.4 |
1,145 |
853 |
34.2 |
8.6 |
18.4 |
|
Northern Lights |
243,162 |
230,934 |
5.3 |
412 |
376 |
9.6 |
8 |
12 |
|
Vancouver Island |
462,906 |
432,410 |
7.1 |
2,170 |
2,007 |
8.1 |
25.3 |
36.5 |
|
Victoria |
699,452 |
675,372 |
3.6 |
1,764 |
1,265 |
39.4 |
27 |
49.7 |
|
Provincial Totals* |
708,903 |
722,859 |
-1.9 |
33,508 |
25,656 |
30.6 |
15.5 |
30.2 |
*Numbers may not add due to rounding
November 2018 BC Residential Multiple Listing Service® Data by Board
|
Board |
Dollar Volume (000s) |
Units |
||||
|
November 2018 Residential Sales ($) |
November 2017 Residential Sales ($) |
% change |
November 2018 Residential Sales (Units) |
November 2017 Residential Sales (Units) |
% change |
|
|
BC Northern |
101,675 |
81,102 |
25.4 |
344 |
306 |
12.4 |
|
Chilliwack |
95,509 |
137,670 |
-30.6 |
177 |
284 |
-37.7 |
|
Fraser Valley |
729,479 |
1,173,912 |
-37.9 |
977 |
1,641 |
-40.5 |
|
Greater Vancouver |
1,714,896 |
2,906,038 |
-41 |
1,633 |
2,831 |
-42.3 |
|
Kamloops |
85,542 |
80,755 |
5.9 |
211 |
222 |
-5 |
|
Kootenay |
63,085 |
80,738 |
-21.9 |
196 |
263 |
-25.5 |
|
Okanagan Mainline |
238,151 |
303,307 |
-21.5 |
459 |
605 |
-24.1 |
|
Powell River |
8,345 |
6,245 |
33.6 |
27 |
20 |
35 |
|
South Okanagan |
40,092 |
70,109 |
-42.8 |
98 |
157 |
-37.6 |
|
Northern Lights |
8,024 |
10,392 |
-22.8 |
33 |
45 |
-26.7 |
|
Vancouver Island |
253,672 |
316,957 |
-20 |
548 |
733 |
-25.2 |
|
Victoria |
332,939 |
424,809 |
-21.6 |
476 |
629 |
-24.3 |
|
Provincial Totals* |
3,671,410 |
5,592,034 |
-34.3 |
5,179 |
7,736 |
-33.1 |
*Numbers may not add due to rounding
**NOTE: The Northern Lights Real Estate Board (NLREB) became part of the South Okanagan Real Estate Board (SOREB) on May 1, 2011.
Provided by: BCREA
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.