This article appeared on News 1130 on November 16th, 2014 by Richard Dettman.
BC Home Sales in 2014 Have Already Topped Last Year’s Total: BCREAProvince-wide average price last month rose 7.1 per cent.
VANCOUVER (NEWS1130) – Home sales in BC have topped last year’s total in just 10 months.
An industry group reports 73,000 homes were sold across BC to the end of October, beating the 12-month total for 2013.
In October, more than 7,600 residential unit sales were made through the Multiple Listing Service, up 14.6 per cent from a year earlier. The province-wide average price of a home rose 7.1 per cent to $575,000.
BC Real Estate Association chief economist Cameron Muir says “Strong year-over-year increases in housing demand were experienced in Chilliwack (up 31 per cent), Victoria (21.9 per cent), and the Kootenay (19.4 per cent).”