British Columbia 2021 Real Estate Sales Stats
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 % |
Chilliwack BC Real Estate Stats
Chilliwack & District Real Estate Board reported 4,799 homes sold in 2021, a 37.3% increase from 2020 sales of 3,495. Average sale price saw a 26.2% increase from $576,977 in 2020 to $728,146 in 2021.
Unit Sales |
Average Sale Price |
| 2021 | 2020 | % Change | 2021 | 2020 | % Change | |
| Chilliwack | 4799 | 3495 | 37.3 % | $ 728,146 | $ 576,977 | 26.2 % |
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