B.C. real estate sales off to a stronger start in January 2025
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$0 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*No charge for 4 weeks then price increases to the regular rate of $19.95 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.99/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19.95 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 13/02/2025 (329 days ago), so information in it may no longer be current.
VANCOUVER – Real estate sales across British Columbia were up in January compared with the year before, but average prices went down slightly.
The B.C. Real Estate Association says in a statement that the 4,221 residential sales in January were up 6.4 per cent from January 2024, although unit sales were 12 per cent below the 10-year average.
The association’s chief economist Brendon Ogmundson says an increase in both sales and listings may foreshadow a stronger year, with a caution that global uncertainties might trigger higher or lower rates from the Bank of Canada.
Active listings jumped by 27 per cent to almost 31,000, in what the association says is a normalization of trends for homes being placed on the market.
The statement says it will be crucial for supply to keep pace with growing demand to see markets balanced and prevent a rampant price increase.
The average residential price on the Multiple Listing Service in B.C. last month was down about one per cent to $949,560 from $959,191 in January last year.
Here are some of the average sale prices around the province:
Northern B.C.— $396,187, up 3.4 per cent
Chilliwack — $694,700, down 3.7 per cent
Greater Vancouver — $1,208,415, down 3.7 per cent
Okanagan — $736,479, up 2.7 per cent
Kamloops — $536,082, down 3.8 per cent
Kootenay — $505,729, up nine per cent
South Peace River — $281,028, up 30.5 per cent
Vancouver Island — $722,305, up 11.4 per cent
Victoria — $986,258, up 5.3 per cent
This report by The Canadian Press was first published Feb. 13, 2025.