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BCREA 2020 Third Quarter Housing Forecast Update indicates a Surprisingly Strong Recovery Propelling Housing Market in 2021.

The British Columbia Real Estate Association (BCREA) has recently released its 2020 Third Quarter Housing Forecast Update.

Multiple Listing Service® (MLS®) residential sales in the province are forecast to rise 6.5 % this year, and 17.6 % in 2021.

The BCREA Chief Economist believes that the outlook for the BC housing market is much brighter following a surprisingly strong recovery and, aided by record-low mortgage rates and a recovering economy, we expect home sales to sustain this momentum into 2021.

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), 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 REBGV, 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 REBGV, the FVREB or the CADREB.