RSS

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
Categories:   about prince george, yxs, central bc, british columbia, | about prince george, yxs, central bc, british columbia, nechako river, ice flows, | affordable housing, solutions, ideas, real estate | awards, | awards, dean birks, top producer, top realtor, city of prince george, royal lepage, free market evaluations, list your home, | BC Assessments, Prince George, YXS, Home values, | bc housing, real estate, report, yxs. prince george, northern bc, home prices, | BC Hydro | BC Natural Resources | BCR, petrochemical, prince george, olefins, yxs, | BCREA | building permits, | Canada Q1 2023 | carriage house, cottage house, prince george, secondary housing, | city of | cn rail, prince george cougars, whl, hockey, family day, cn centre, city of pg, | covid, virus, reports, stats, british columbia, pandemic, real estate, | covid-19, virus, | CREA | dinosaur, prince george, museum, yxs, british columbia | dp todd, school district 57, prince george, expansion, yxs | Eco | econo | econom | economic | economic conditions | economic development, indicators, city of prince george, real estate, employment, report, | economic update, city | economic update, city of prince george, dean birks, top realtor, | economic update, city of prince george, yxs passengers, building permits, home sales, employment, | government policies | home ownership, tips, suggestions, real estate, canada, prince george bc, | home prices | home prices, increase, mls, single family home, prince george, yxs, | housing needs, prince george, yxs, city report, real estate, | housing supply | hyatt, prince george, yxs, downtown, hotel, | interest rates | Kelly Road, School, Hart Highway, SD57, Kelly Rd, High School, | listing, selling, home values, prince george, yxs, dean birks, top realtor, royal lepage, covid, | LNG, Mega Project, Central BC, Prince George, Hub, | mls sales data, bcrea, fall sales, august sales, dean birks, prince george real estate, yxs, | new construction, new home, building, costs, | Nordic ski | Olefins, petrochemical, natural gas, lng, western canada, prince george, yxs, | population, infrastructure, | predictions | Prince George | 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 agent | real estate market | Real Estate related | real estate report, city of prince george, november 2020 update, | Real Estate stats, yxs, prince george, | recovery, real estate, BCREA, MLS, Stats, covid-19, | repayment, rent, tenancies, delinquency, bc, rent control, | Signal, secure communication, private, real estate, dean birks, prince george, | Simon Yu | stats | student housing, prince george, faction projects, downtown, unbc, cnc, | Summer Games | telus, fibre optic, network, prince george, yxs, | Terrace | Tourism | Transmission line | Twinning project | Uncategorized | West Coast Olefins, petrochemical, plant, yxs, prince george, ken james, | winter, check list, maintenance, home, repairs, ice, | Woman World Curling