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BC Market 101

1 / 5

How the BC Real Estate Market Works

Board areas, listing services, and market structure

8 min · 50 XP

Slide 1 of 5

Average Price Is Misleading

If one $15 million mansion sells in a month full of $800K condos, the "average price" spikes - even though the typical home did not get more expensive. Average price is easily skewed by a handful of outlier sales.

Tip: Never quote average price to argue the market went up or down. It is the least reliable headline stat.