Home Sales Higher in British Columbia

Real Estate Agent with DFH Real Estate, Victoria, BC 800-668-2272



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Record Low Mortgage Rates Push Home Sales Higher


From BCREA, Vancouver, BC – May 13, 2014.  


TheBritish Columbia Real Estate Association (BCREA) reports that a total of 7,730 residential sales were recorded by the Multiple Listing Service® (MLS®) in April, up 12 per cent from April 2013. Total sales dollar volume was $4.3 billion, an increase of 19 per cent compared to a year ago. The average MLS® residential price in the province rose to $561,613, up 6.3 per cent from the same month last year.


"BC home sales trended higher in April as the typically robust spring market unfolds,” said Cameron Muir, BCREA Chief Economist. “Rising consumer demand coupled with fewer homes for sale has most BC housing markets now exhibiting balanced conditions, where neither buyers nor sellers have any particular advantage."


For the full report, CLICK HERE



Comments (1)

Wendy Tomm
Beyond the Walls - East St Paul, MB
CCSP, RESA-PRO, BBB - Wpg Realtors

Great stats.  Nice to see the housing market did that well in April.  Hopefully your business had a successful April as well.

May 17, 2014 10:06 AM