BC Market Statistics Updated Monthly
Below are the current statistics from the Real Estate Board Of Greater Vancouver (REBGV), Fraser Valley Real Estate Board (FVREB), Victoria Real Estate Board (VREB) and the Okanagan Real Estate Statistics (from the Association of Interior Realtors).
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British Columbia Real Estate Market Statistics Data Providers
1. Real Estate Board Of Greater Vancouver (REBGV)
Introduction: Established in 1919, the REBGV represents over 14,000 realtors in the Greater Vancouver area. It’s one of the largest and oldest real estate boards in Canada.
Significance: The REBGV plays a pivotal role in shaping the real estate landscape of Vancouver, one of the hottest property markets in the country. By providing market intelligence, professional development opportunities, and setting standards for its members, the board ensures that the real estate transactions in the region are conducted with integrity and professionalism.
2. Fraser Valley Real Estate Board (FVREB)
Introduction: The FVREB serves the communities of North Delta, Surrey, White Rock, Langley, Abbotsford, and Mission. Founded in 1921, it represents over 3,600 real estate professionals.
Significance: The Fraser Valley has seen significant growth and development in recent years, making it a key player in BC’s real estate market. FVREB provides crucial market data, supports its members with training, and ensures ethical practices, thereby playing a central role in the region’s property market dynamics.
3. Victoria Real Estate Board (VREB)
Introduction: Representing realtors in the Greater Victoria region since 1921, the VREB has over 1,300 members. The board covers areas including Victoria, Saanich, Oak Bay, the Western Communities, and the Saanich Peninsula.
Significance: As the primary real estate authority in the capital city of British Columbia, VREB’s influence is paramount. The board not only offers insights into the property market of the region but also ensures that its members adhere to the highest standards of practice, which is crucial given Victoria’s growing appeal as a residential and investment destination.
4. Okanagan Real Estate Board (associated with the Association of Interior Realtors)
Introduction: The Okanagan Real Estate Board, now a part of the Association of Interior Realtors, represents realtors in the Okanagan Valley region. This includes areas like Kelowna, Penticton, and Vernon.
Significance: The Okanagan Valley, known for its picturesque landscapes and vineyards, has become a sought-after real estate destination. The board plays a crucial role in this region by providing market data, ensuring ethical practices among its members, and offering training and resources. Its insights are invaluable for understanding the property trends in BC’s interior.
Each of these boards holds a significant position in the BC real estate market, offering insights, setting standards, and ensuring that the property market operates smoothly and ethically in their respective regions.
All of these real estate boards are overseen by the British Columbia Real Estate Board BCREA.