British Columbia 2021 Real Estate Sales Stats

Below we have comprised the residential sales stats for 2021 from each of the ten British Columbia Real Estate Boards. Our goal is to help you compare and easily understand the changes in the real estate market.


We do our best to transfer all data to one comparable variable. However, some boards measure in benchmark and others in average. Average prices are taken by adding the total dollar amount of sales for the month and dividing it by the number of houses sold. The average sale price can sometimes be misleading if there are outlier houses, such as significantly higher-priced homes or lower-priced houses.

A benchmark price is based on the predicted value of houses in a general neighbourhood or community. Several factors, such as the number of bedrooms and bathrooms, square footage, and house age, contribute to the benchmark price. These factors are given a value; then, they are entered into a formula to determine the benchmark price.

Vancouver Island Real Estate Stats

Vancouver Island recorded 11,045 property sales in 2021 (includes all property types), which did not quite pass 2016's sales of 12,014. VIREB's January 4th news release stated that if inventory weren't at a historical low, 2021 would have likely hit a sales record due to excessive demand.

In 2021, there were 5,212 single-family property sales, a 10.6% increase from 2020 sales of 4,711. Furthermore, the average sale price increased 26.47%, from $587,064 in 2020 to $742,463 in 2021.

According to BCREA (British Columbia Real Estate Association), even if property sales return to "average levels, total listings would need to nearly double" 1 to balance the market. The most feasible way to achieve such a thing is to build more housing.

                                Unit Sales            

Average Sale Price

2021 2020 2019 % Change* 2021 2020 2019 % Change*
Campbell River 535 518 445 3.28 % $ 692,906 $ 537,494 $ 490,519 28.91 %
Comox Valley 820 778 685 5.40 % $ 797,678 $ 631,705 $ 574,446 26.27 %
Cowichan Valley 884 809 706 9.27 % $ 742,103 $ 571,342 $ 521,244 29.89 %
Nanaimo 1577 1306 1157  20.75 % $ 784,527 $ 616,588 $ 562,175 27.24 %
Parksville/Qualicum 697 725 574 - 3.86 % $ 854,018 $ 688,034 $ 614,134 24.12 %
Port Alberni/West Coast 437 382 329 14.40 % $ 530,892 $ 420,172 $ 370,742 26.35 %
Vancouver Island 5212  4711 4069 10.63 % $ 742,463 $ 587,064 $ 532,523 26.47 %

Victoria Real Estate Stats

Victoria Real Estate Board recorded 10,052 house sales over the course of 2021, a 18.3% increase from 2020 sales of 8,497. While property sales were high in 2020, they did not quite beat the record of 10,622 sales in 2016.

Victoria saw a 5.47% increase from 3,950 single-family sales in 2020 to 4,166 sales in 2021. With that came a 21.6% increase in average sale price from 2020 compared to 2021.

Market conditions were quite persistent throughout 2021, where high demand exceeded supply. Across BC, this put pressure on housing prices and attainability. VREB president David Langlois mentioned 2021 ends with “the lowest number of properties for sale that we have on record - but with such strong demand that most transactions see multiple offers.” 2

                               Unit Sales            

Average Sale Price

2021 2020 2019 % Change* 2021 2020 2019 % Change*
Victoria/Vic West 521 436 335 19.50 % $ 1,237,458 $ 1,055,057 $ 939,066 17.29 %
Oak Bay 285 284 195 0.35 % $ 1,958,963 $ 1,702,414 $ 1,435,923 15.07 %
Esquimalt 113 112 119 0.89 % $ 1,061,366 $ 817,934 $ 794,390 29.76 %
View Royal 96 97 98 - 1.03 % $ 1,108,882 $ 871,255 $ 774,919 27.27 %
Saanich East 848 729 645 16.32 % $ 1,325,531 $ 1,150,271 $ 986,974 15.24 %
Saanich West 380 287 283 32.40 % $ 1,111,394 $ 949,681 $ 800,898 17.03 %
Central Saanich 177 180 150 - 1.67 % $ 1,457,164 $ 1,018,998 $ 941,973 43.00 %
North Saanich 207 249 173 - 16.87 % $ 1,699,583 $ 1,355,996 $ 1,157,278 25.34 %
Sidney 151 157 136 - 3.82 % $ 1,060,868 $ 905,567 $ 820,434 17.15 %
Highlands 25 44 37 - 43.18 % $ 1,259,368 $ 1,064,132  $ 898,740 18.35 %
Colwood 234 227 164 3.08 % $ 1,009,120 $ 806,086 $ 725,937 25.19 %
Langford 669 703 572 - 4.84 % $ 1,050,258 $ 825,592 $ 729,358 27.21 %
Metchosin 48 47 30  2.13 % $ 1,645,208 $ 1,023,077 $ 1,017.076 60.81 %
Sooke 412 398 375 3.52 % $ 862,762 $ 664,181 $ 607,683 29.90 %
Gulf Islands 352 290 211 21.38 % $ 938,143 $ 808,257 $ 693,749 16.07 %
Victoria  4,166 3,950 3,312  5.47 % $ 1,236,289 $ 1,016,855 $ 878,411 21.58 %

Fraser Valley Real Estate Stats

The Fraser Valley Real Estate Board saw property sales that destroyed the old annual record from 2016. 27,692 property sales were recorded in 2021 (including all property types, not just single-family detached), a 39% increase from the 19,926 sales in 2020.

Detached house sales increased 31.8% from 2020 to 2021, and with increases in property prices, many purchased more affordable real estate such as condos which saw a 68.9% increase in sales this year compared to 2020.

With the pandemic, more individuals realize they can work from home rather than commute an hour or more to Vancouver. This ability has caused many people to move out of the city to areas in the Fraser Valley.

                                 Unit Sales            

Average Sale Price

2021 2020 2019 % Change* 2021 2020 2019 % Change*
Abbotsford 1728 1323 919 30.61 % $ 1,172,983 $ 869,134 $ 805,948  34.96 %
Mission 795 604 504 31.62 % $ 1,011,060  $ 760,422 $ 677,004  32.96 %
White Rock/South Surrey 1753 1192 726 47.06 % $ 1,865,058 $ 1,499,351 $ 1,398,131  24.39 %
Langley 1599 1238 963 29.16 % $ 1,474,338 $ 1,127,097 $ 1,033,844  30.81 %
Delta North 764 554 452 37.91 % $ 1,368,633 $ 1,036,383 $ 971,110  32.06 %
Surrey Central 2206 1810 1196 21.88 % $ 1,513,508 $ 1,143,798 $ 1,049,749   32.32 %
Surrey Cloverdale 796 623 468 27.77 % $ 1,436,680 $ 1,096,953 $  1,002,857 30.97 %
Surrey North 1146 851 565 34.67 % $ 1,444,683 $ 1,087,987 $ 994,450  32.78 %
Fraser Valley 10,790  8,199 5,796 31.60 % $ 1,450,961 $ 1,102,155 $ 1,006,326  31.65 %

Greater Vancouver Real Estate Stats

The Greater Vancouver Real Estate Board said in their January 5th News Release that the region reached an “all-time high in 2021” for house sales. In 2021, residential house sales reached 43,999, a significant 42.2% increase from 2020 residential sales of 30,944. Compared to 2019 sales, 2021 saw a 73.6% increase. (25,351 in 2019 to 43,999 in 2021)

Single-family-detached house sales increased 31.4%, from 10,719 in 2020 to 14,088 in 2021, and 71.5% from 8,215 in 2019 to 2021s sales of 14,088.

We have seen more people working from home, low-interest rates, and record-high house prices throughout the pandemic. As we enter 2022, inventory continues to be imbalanced with demand. Keith Stewart, an economist for REBGV, said people should not “expect home price growth to relent until there’s a more adequate supply of housing.” 3

                                  Unit Sales

              Benchmark Price

2021 2020 2019 % Change* 2021 2020 2019 % Change*
Burnaby 1199 833 688  43.94 % $ 1,793,704 $ 1,505,536 $ 1,431,513 19.14 %
Coquitlam 1302 991 810  31.38 % $ 1,573,200 $ 1,285,442 $ 1,199,563  22.39 %
Delta - South 747 606 355  23.27 % $ 1,377,333 $ 1,108,754 $ 1,020,016  24.22 %
Gulf Islands 109 81 49  34.57 % n/a n/a n/a n/a
Maple Ridge/Pitt Meadows 1762 1357 1025  29.85 % $ 1,193,688 $ 919,840 $ 833,461  29.77 %
New Westminster 348 263 210  32.32 % $ 1,393,182 $ 1,196,611 $ 1,090,347 16.43 %
North Vancouver 1184 977 804  21.19 % $ 1,989,667 $ 1,637,436 $ 1,553,829 21.51 %
Port Coquitlam 555 375 297  48 % $ 1,299,792 $ 1,002,136 $ 928,438  29.70 %
Port Moody/Belcarra 264 218 141 21.10 % $1,700,676  n/a  n/a n/a
Richmond 1568 964 759 62.66 % $ 1,819,650 $ 1,580,000 $ 1,486,125  15.17 %
Squamish 299 260 209  15 % $ 1,475,569 n/a n/a  n/a
Sunshine Coast 823 773 502  6.47 % $ 897,737 $ 699,590 $ 625,364  28.32 %
Vancouver East 1797 1317 1000 36.45 % $ 1,779,333 $ 1,535,907 $ 1,398,075 15.85 %
Vancouver West 1210 929 752 30.25 % $ 3,360,458 $ 3,042,750 $ 2,844,662 10.44 %
West Van/Howe Sound 688 555 434 23.96 % $ 2,999,167 $ 2,582,946 $ 2,420,923  16.11 %
Whistler/Pemberton 243 210 121 15.71 % $ 2,485,825 n/a n/a n/a
Greater Vancouver  14,088 10,719 8,215 31.43 % n/a n/a n/a  n/a

Kootenay Real Estate Stats

The Kootenay Association of Realtors® recorded 2,794 single-family residential sales in 2021, a 6.64% increase from the 2,620 single-family sales recorded in the prior year and a 24% increase from 2019 sales of 2,253.

The average price sale price of single-family homes in 2021 reached %531,415, a 21% increase from 2020 ($439,185) and a 37.3% increase from the average price of $387,046 in 2019.

KAR president Bruce Seitz mentions that increased average sale prices are directly correlated with the lack of inventory, and he does not “see any reduction in the upward pressure on average prices” 4 in the near future.

                                 Unit Sales

Average Sale Price

2021 2020 2019 % Change* 2021 2020 2019 % Change*
Castlegar 150 135 108 11.11 % $ 471,581 $ 394,628 $ 362,754 19.5 %
Cranbrook 379 325 300 16.62 % $ 425,691 $ 377,385 $ 343,853 12.8 %
Cranbrook Lakes 75 66 61 13.64 % $ 826,850 $ 604,422 $ 560,956 36.8 %
Creston 145 121 104 19.83 % $ 390,511 $ 331,222 $ 312,159 17.9 %
Elkford 51 59 46 - 13.56 % $ 348,324 $ 256,497 $ 283,882 35.8 %
Fernie 82 107 92 - 23.36 % $ 775,015 $ 666,966 $648,548 16.2 %
Golden 40 35 29 14.29 % $586,602 $ 437,762 $ 412,518 34 %
Grand Forks 70 99 67 - 29.29% $ 405,146 $299,221 $ 295,727 35.4 %
Invermere 87 77 47 12.99% $ 591,061 $ 505,612 $479,757 16.9 %
Kimberley 163 160 134 1.88 % $ 450,589 $ 375,491 $ 349,294 20 %
Nelson 140 126 120 11.11 % $673,881 $ 536,529 $ 515,200 25.6 %
Rossland 65 63 56 3.17 % $ 581,343 $ 502,892 $ 464,703 15.6 %
Sparwood 71 69 62 2.90 % $ 402,438 $347,828 $ 340,472 15.7 %
Trail 190 163 166 16.56 % $ 320,564 $256,451 $ 209,519 25 %
Kootenay 2,794 2,620 2,253  6.64 % $ 531,415 $ 439,185 $ 387,046 21 %

BC Interior Real Estate Stats

The Association of Interior Realtors® reported an increase in residential sales across all regions in 2021 compared to the prior year. Central Okanagan saw a 20,85% increase in sales from 2,758 in 2020 to 3,333 this year. Compared to 2019 sales of 2,045, 2021 saw a 62.98% increase. Average sale prices also increase across the region. Central Okanagan reported a 23.1% increase from $801,736 in 2020 to $989,605 in 2021. Demand continues to exceed inventory, and it is unlikely buyers will see prices level out as we head into 2022.

                          Unit Sales  

            Average Sales Price

2021 2020 2019 % Change* 2021 2020 2019 % Change*
Central Okanagan 3333 2758 2045 20.85 % $ 986.605 $ 801,736 $ 703,111 23.06 %
North Okanagan 1289 1151 966 11.99 % $ 686,476  $ 583,256 $ 523,152 17.7 %
Shuswap/Revelstoke 631 536 508 17.72 % $ 659,944 $ 525,688 $475,625 25.54 %
South Okanagan 1225 1107 n.a 10.66 % $ 707,174 $ 577,616 n/a 22.43 %
South Peace River 358 220 n/a 62.73 % $ 280,808 $ 255,044 n/a 10.1 %

Kamloops Real Estate Stats

Kamloops & District Real Estate Association (KADREA) saw an increase in unit sales across all regions (except for Logan Lake, which saw 82 unit sales in 2021 and 2020). With the unit increase in sales followed increases in average sale price.

Kamloops saw an 18.7% increase in average sale price from $489,354 in 2020 to $580,927 in 2021. Chase and area's average sale price increased 37.1% from $468,003 (2020) to $641,654 (2021).

KADREA's president Chelsea Mann said Kamloops had the best year in terms of yearly sales performance and that 2021 sales shattered sales records back to 2007.As inventory remains low, Mann does not believe the market will balance out in 2022 due to high demand and the fact that Kamloops and region are "far below the benchmark of approximately 2,000 active listings" 6 needed to balance out the market.

                           Unit Sales

                  Average Sale Price

2021 2020 % Change 2021 2020 % Change
Kamloops 2802 2268  23.54 % $ 580,927 $ 489,354  18.71 %
Merrit & Area 358 305  17.38 % $ 438,158  $ 360,130  21.67 %
Barriere & Area 166 151  9.93 % $ 442,196 $ 344,223  28.46 %
Logan Lake 82 82  0.00 % $ 385,434 $ 249,932  54.22 %
Chase & Area 176 116  51.72 % $ 641,654 $ 468,003  37.10 %

Powell River & Sunshine Coast Real Estate Stats

Powell River Sunshine Coast recorded 431 sales in 2021, a slight increase of 3.6% from 2020, which saw 416 sales. The average sale price for 2021 was $519,928 compared to $420,653 in 2020 (a 23.6% increase).

2021 sales saw equivalent levels to those of 2016, “marking the highest figure in five years,” 7 according to CREA. Unlike other boards across the province, Powell River Sunshine Coast has relatively stable inventory levels. While their supply is still low, it is by no means restricting buyers' options.

                         Unit Sales            

Average Sale Price

2021 2020 % Change 2021 2020 % Change
Powell River & Sunshine Coast 431 416  3.61 % $ 519,928  $ 420,653  23.6 %

Northern BC Real Estate Stats

BC Northern Real Estate Board reported 5,495 sales over 2021, a 28.6% increase from 2020 sales of 4,272. Average sale price also saw a 15.5% increase, from $333,040 in 2020 to $384,661 in 2021.

2021 sales were just shy of the 2006 all-time record, said BC Northern Real Estate Board president Sandra Hinchliffe. As we enter 2022, inventory remains well below the demand; therefore, it is unlikely we will see a release on average prices any time soon.

                         Unit Sales            

Average Sale Price

2021 2020 % Change 2021 2020 % Change
Northern BC  5495  5272 28.63 % $ 384,661 $ 333,040 15.5 %

* % change is from 2020 to 2021 sales. 
Not yet included is Chillwack & District Real Estate Stats.
*All Stats come from MLS data retreived from virebvrebfvrebrebgvcadrebinteriorrealtors, bcnreb, creastats, kar, and kadrea

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