Email: dean@deanbirks.com

Blogs
Posts By Date
Categories

Housing Market Conditions Improve on the South Coast

For the complete news release, including detailed statistics, click here.
For immediate release
July Home Sales Highest Since 2009
Vancouver, BC – August 14, 2013.  The British Columbia Real Estate Association (BCREA) reports that a total of 7,650 residential sales were recorded by the Multiple Listing Service® (MLS®) in BC for July, up 18 per cent from July of 2012. Total sales dollar volume was 32.8 per cent higher than a year ago at $4.09 billion. The average MLS® residential price in the province was $534,360, up 12.5 per cent from July 2012.

"Home sales in the province posted their strongest July since 2009,” said Cameron Muir, BCREA Chief Economist. “After six consecutive months of rising consumer demand, it’s now clear that BC housing markets are recovering from tighter lending regulations introduced last year,” added Muir.
"Rising home sales are unlikely to put any significant upward pressure on home prices,” cautioned Muir, “as the inventory of homes for sale is expected to keep pace with demand.” Many potential home sellers that have been holding off for improved market conditions are expected to put their homes on the market to meet the swelling ranks of home buyers.
Year-to-date, BC residential sales dollar volume was down 2.8 per cent to $22.9 billion, compared to the same period last year. Residential unit sales were down 4 per cent to 42,986 units, while the average MLS® residential price was up 1.3 per cent at $531,928.
 
 
-30-
For more information, please contact: 
Cameron Muir Damian Stathonikos
Chief Economist Director of Communications and Public Affairs
Direct: 604.742.2780 Direct: 604.742.2793
Mobile: 778.229.1884 Mobile: 778.990.1320
Email: cmuir@bcrea.bc.ca Email: dstathonikos@bcrea.bc.ca
BCREA represents 11 member real estate boards and their approximately 18,000 REALTORS® on all provincial issues, providing an extensive communications network, standard forms, economic research and analysis, government relations, applied practice courses and continuing professional education (cpe).
To demonstrate the profession's commitment to improving Quality of Life in BC communities, BCREA supports policies that help ensure economic vitality, provide housing opportunities, preserve the environment, protect property owners and build better communities with good schools and safe neighbourhoods.
For detailed statistical information, contact your local real estate board. MLS® is a cooperative marketing system used only by Canada's real estate boards to ensure maximum exposure of properties listed for sale.
...
Read full post
Categories:   bc hemp, prince george, bioethanol, yxs, | bc housing, real estate, report, yxs. prince george, northern bc, home prices, | BCR, petrochemical, prince george, olefins, yxs, | BCREA | city of | city of prince george, pool, activity, new construction, yxs, dean birks, downtown, | cn rail, prince george cougars, whl, hockey, family day, cn centre, city of pg, | CREA | dinosaur, prince george, museum, yxs, british columbia | dp todd, school district 57, prince george, expansion, yxs | Eco | econo | econom | economic development, indicators, city of prince george, real estate, employment, report, | economic update, city | economic update, city of prince george, yxs passengers, building permits, home sales, employment, | home ownership, tips, suggestions, real estate, canada, prince george bc, | Kelly Road, School, Hart Highway, SD57, Kelly Rd, High School, | LNG, Mega Project, Central BC, Prince George, Hub, | new construction, new home, building, costs, | prices, real estate, yxs, prince george, covid, increase, MLS, | Prince George & area | prince george life, | prince george, building boom, lng, building permits, yxs, prince george real estate, dean birks, | prince george, conference board of canada, economic outlook, jobs, unemployment, building permits, real estate, | Prince George, Investment, real estate, central bc, Western investor, | prince george, yxs, film festival, | Property tax, deferral, ptd program, | Real Estate related | student housing, prince george, faction projects, downtown, unbc, cnc, | telus, fibre optic, network, prince george, yxs, | Uncategorized