Vancouver, BC – October 15, 2014. The British Columbia Real Estate
Association (BCREA) reports that a total of 7,636 residential sales were
recorded by the Multiple Listing Service® (MLS®) in September, up 17.5 per cent
from September 2013. Total sales dollar volume was $4.4 billion, an increase of
25.8 per cent compared to a year ago. The average MLS® residential price in the
province rose to $574,641, up 7.1 per cent from the same month last year.
“Consumer demand remains robust in most BC regions,” said Cameron Muir,
BCREA Chief Economist. “More homes traded hands last month in BC than any
September since 2009, while the Okanagan had its most robust September in nine
years.”
“Population growth, low interest rates and strengthening economic
conditions continue to be supportive of housing demand,” added Muir.
Year-to-date, BC residential sales dollar volume was up 23.2 per cent
to $37 billion, compared to the same period last year. Residential unit sales
were up 16 per cent to 65,353 units, while the average MLS® residential price
was up 6.2 per cent at $565,655.
For full press release including detailed board statistics, click here.
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