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Steady Growth in BC Home Sales

Blog by Diane Cardoso | January 25th, 2014

Steady Growth in BC Homes Sales in 2013!
Courtesy of: BCREA 2013 Third Quarter Housing Forecast Update

Vancouver, BC – January 13, 2014….Great News!!  After declining nearly 12 per cent in 2012, home sales posted steady growth through last year,” said Cameron Muir, BCREA Chief Economist. “Greater Vancouver, Kamloops and Okanagan Mainline Board areas posted the most significant changes, with home sales rising between 12.5 and 14 per cent. Stronger consumer demand        combined with fewer homes listed for sale improved market conditions in most regions last year.”  In December, BC residential unit sales rose 47 per cent to 4,426 units, compared to December 2012. Total dollar volume was 67.7 per cent higher at $2.5 billion, while the average MLS® residential sale price rose 14.1 per cent to $568,416.  l