Blog Post

B.C.’s real estate market expected to ‘remain vigorous’ in 2022: BCREA

Jon Azpiri - Global News • November 12, 2021
Home prices are expected to rise in 2022, but sales will take a dip, according to new data from the BC Real Estate Association.

A BCREA report issued Thursday said sales in B.C. are expected to jump 29 per cent to more than 120,000 units this year, compared with 94,000 in 2020.

The association forecasts sales of 102,000 units in 2022, a pullback of 15 per cent.

After a frenzied start to the year, activity in B.C. housing markets has settled back to a level that is broadly in-line with long-run trends. The strength of the first half of this year has sales on track to easily break the previous record for annual sales,” BCREA chief economist Brendon Ogmundson said.

“While we do not anticipate a repeat of the record-setting market of 2021, we do expect housing market activity to remain vigorous in 2022.”

With strong demand and low inventory, particularly in smaller markets in B.C., the average home price is predicted to see a 17 per cent bump in 2021, with prices forecast to rise about three per cent next year.

🚗 Live Traffic Views in Langley

By Andy Schildhorn • February 20, 2025
The Township of Langley Traffic Cameras for up to date traffic information. Click here

🏡 Fraser Valley’s Market Snapshot January, 2025 📈

By Andy Schildhorn • February 19, 2025
SURREY, BC — Growing inventory and stable prices could lead to opportunities for buyers in the Fraser Valley market this winter despite uncertain economic conditions. Read More

🏡 Langley & Fraser Valley Market Update – What’s Happening in 2025

By Andy Schildhorn • February 18, 2025
Looking for the latest Langley and Fraser Valley real estate market trends? Wondering if now is the right time to buy or sell a home in Langley, Surrey, or Abbotsford? This video breaks down sales trends, home prices, and what to expect this spring. 📉 Sales are down 📈 Inventory is rising 💰 Buyers have more negotiating power But with spring approaching, interest rate cuts expected, and growing inventory, what’s next for Fraser Valley’s housing market? 📊 What’s Covered in This Video? ✅ Langley & Fraser Valley Home Prices: Detached, Townhomes & Condos ✅ Is It a Buyer’s Market? What You Need to Know ✅ Economic Factors Affecting Fraser Valley Real Estate 🏡 Buying or Selling in Langley or Fraser Valley? Let’s Talk! If you’re considering buying or selling a home in Langley, Fraser Valley, or surrounding areas, I can help you navigate the current market trends, pricing strategies, and investment opportunities. 📊 Full FVREB Market Stats → bit.ly/FVREB-Stats 📅 Book a Call → https://calendly.com/andyschildhorn 📞 778.835.8957 📧 [email protected] 🌐 www.AndytheRealtor.com 📺 Subscribe for Weekly Langley & Fraser Valley Real Estate Updates! 🔔 Like, Subscribe & Ring the Bell for More Market Insights! Thanks for watching—see you in the next video! 👋
More Posts
Share by: