{"id":14067,"date":"2021-07-19T08:30:00","date_gmt":"2021-07-19T15:30:00","guid":{"rendered":"https:\/\/www.roomvu.com\/academy\/?p=14067"},"modified":"2021-07-19T03:44:45","modified_gmt":"2021-07-19T10:44:45","slug":"bc-demand-for-detached-homes-driving-up-prices-across-province","status":"publish","type":"post","link":"https:\/\/www.roomvu.com\/academy\/bc-demand-for-detached-homes-driving-up-prices-across-province\/","title":{"rendered":"BC Demand for Detached Homes Driving up Prices across Province"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/www.roomvu.com\" target=\"_blank\" rel=\"roomvu.com noopener\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1024x178.jpg\" alt=\"\" class=\"wp-image-12734\" width=\"834\" height=\"145\" srcset=\"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1024x178.jpg 1024w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-300x52.jpg 300w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-768x133.jpg 768w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1536x266.jpg 1536w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-scaled.jpg 2048w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1250x217.jpg 1250w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-400x69.jpg 400w\" sizes=\"(max-width: 834px) 100vw, 834px\" \/><\/a><\/figure>\n\n\n\n<iframe width=\"640\" height=\"480\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/real-estate-trends\/bc-demand-detached\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen=\"\"><\/iframe>\n\n\n\n<p>It is cooling down a bit, but the real estate market in BC is still hot, and it is likely to stay that way for some time. <\/p>\n\n\n\n<p>The BCREA says the average price of a home in BC was just over <strong>$915,000 <\/strong>in June, a 22% increase y-o-y. <\/p>\n\n\n\n<p>Prices for condos are seeing <strong>less <\/strong>of a spike, as demand for single-family detached properties remains <strong>strong<\/strong>. <\/p>\n\n\n\n<p>one of the consequences of the pandemic has been this shift into single-family detached, i.e more space. <\/p>\n\n\n\n<p>Market activity has dipped slightly since hitting a record-high in mid-March, but overall sales increased <strong>35% yoy<\/strong>. <\/p>\n\n\n\n<p>The economy is growing at a <strong>5-6%<\/strong> rate this year into an environment that is still very <strong>supportive <\/strong>of solid sales. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/www.roomvu.com\" target=\"_blank\" rel=\"roomvu.com noopener\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1024x178.jpg\" alt=\"\" class=\"wp-image-12734\" width=\"834\" height=\"145\" srcset=\"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1024x178.jpg 1024w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-300x52.jpg 300w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-768x133.jpg 768w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1536x266.jpg 1536w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-scaled.jpg 2048w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1250x217.jpg 1250w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-400x69.jpg 400w\" sizes=\"(max-width: 834px) 100vw, 834px\" \/><\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>It is cooling down a bit, but the real estate market in BC is still hot, and it is likely to stay that way for some time. The BCREA says the average price of a home in BC was just over $915,000 in June, a 22% increase y-o-y. Prices for condos are seeing less of &hellip;<\/p>\n","protected":false},"author":1,"featured_media":14069,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[917],"tags":[],"class_list":["post-14067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-trends"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.7 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>BC Demand for Detached Homes Driving up Prices across Province - roomvu Academy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roomvu.com\/academy\/bc-demand-for-detached-homes-driving-up-prices-across-province\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BC Demand for Detached Homes Driving up Prices across Province\" \/>\n<meta property=\"og:description\" content=\"It is cooling down a bit, but the real estate market in BC is still hot, and it is likely to stay that way for some time. The BCREA says the average price of a home in BC was just over $915,000 in June, a 22% increase y-o-y. 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