Housing Market Ends Year in Balanced Conditions |
Vancouver, BC – December 12, 2014. The British Columbia Real Estate Association (BCREA)
reports that a total of 5,972 residential unit sales were recorded by the Multiple Listing Service®
(MLS®) in November, up 8.8 per cent from November 2013. Total sales dollar volume was $3.4
billion, an increase of 12.1 per cent compared to a year ago. The average MLS® residential price
in the province rose to $574,694, up 3.1 per cent from the same month last year.
"BC home sales were robust in November,"
said Cameron Muir, BCREA Chief Economist.
"Improving economic conditions, strong
consumer confidence and persistently low
mortgage interest rates are providing a solid
foundation for elevated consumer demand."
"Market conditions have improved province-wide,
with most regional markets now in the
mid to high range of a balanced market,"
Year-to-date, BC residential sales dollar volume was up 22.1 per cent to $44.8 billion, compared
to the same period last year. Residential unit sales were up 15.3 per cent to 78,973 units, while
the average MLS® residential price was up 6.0 per cent at $567,292.
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: [email protected] ||Email: [email protected] |
The British Columbia Real Estate Association (BCREA) is the professional association for more than 18,500 REALTORS® in BC, focusing on provincial issues that impact real estate. Working with the province’s 11 real estate boards, BCREA provides continuing professional education, advocacy, economic research and standard forms to help REALTORS® provide value for their clients.
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.
To subscribe to receive BCREA publications such as this one, or to update your email address or current subscriptions, click here.