BCREA 2021 Second Quarter Housing Forecast for the Lower Mainland – South West

July 28, 2021

“Second Quarter – May 2021 1 The record-setting pace of home sales that began in late fall of 2020 has continued into 2021 with markets across the province eclipsing previous monthly sales records by wide margins.”

“Early in the recovery, that record pace was led by markets outside of large metropolitan areas as buyers flocked to less populated markets with greater availability and affordability of single-detached homes. However, with the economic recovery in full swing and mortgage rates still near record lows, sales in large markets have ramped up, putting provincial home sales on track for a record year.”

BCRESecond Quarter – BCREA 2021 Second Quarter Housing Forecast