Record Setting Home Sales in BC
Blog by Diane Cardoso | January 15th, 2016
The British Columbia Real Estate Association just reported that a record number of home sales were recorded in BC for the month of December 2015. A total of 6,590 residential unit sales were recorded by the Multiple Listing Service® (MLS®) last month, up 29.8 per cent from the same month the previous year. Cameron Muir, BCREA Chief Economist comments that, "BC home sales breeched the 100,000 unit threshold in 2015, and it was only the third time on record that this high watermark was achieved." The average MLS® residential price in BC climbed above the $700,000 threshold for the first time last month, rising 19.7 from December 2014 to $700,943.