The slow down in the real-estate market hasn’t cooled down prices, which saw a 22 per cent jump to $910,445 last month, compared to the $745,194 recorded in June 2020.

VANCOUVER – While the BC real estate market is starting to cool but prices are still up above 20 percent from last year.

Home sales across B.C. are still seeing above-average activity, but it has began to normalize, according to the British Columbia Real Estate Association (BCREA).

But total home listings were down 23 percent compared to last June.

“As expected, housing market activity is calming to start in the second half of 2021,” said BCREA chief economist Brendon Ogmundson in a statement. “That said, while down from record highs earlier this year, home sales across the province remain well above long-run average levels.”

The slow down in the real-estate market hasn’t cooled down prices, which saw a 22 per cent jump to $910,445 last month, compared to the $745,194 recorded in June 2020.

The largest year-to-year price increases were recorded by real-estate boards in Vancouver Island, the Interior and the Fraser Valley.

Year-over-year listings for June dipped 23 per cent across the province.

At 2,726 units, the number of active residential listings in the Interior is nearly 48 per cent less than last year’s 5,212.