| BC Home Sales Continue to Smash Record Book |
Vancouver, BC – May 13, 2016. The British Columbia Real Estate Association (BCREA) reports
that a record 12,969 residential unit sales were recorded by the Multiple Listing Service®
(MLS®) in April, up 30.3 per cent from the same month last year. Home sales last month beat
March's record of 12,560 units. Total sales dollar volume was $9.64 billion in April, up 52.7 per
cent compared to the previous year. The average MLS® residential price in the province was up
17.2 per cent year-over-year, to $743,640.
"Housing demand is exceptionally
strong across the southern regions of
the province," said Cameron Muir,
BCREA Chief Economist. "Consumers
appear to be particularly active in the
Vancouver Island, the Fraser Valley and
the Thompson/Okanagan regions."
"Strong employment growth is helping
underpin consumer confidence," added
Muir. The BC economy employed more
than 78,000 additional workers during the first four months of the year, an increase of 3.5 per
cent compared to the same period last year.
The year-to-date, BC residential sales dollar volume increased 64.3 per cent to $31.2 billion,
when compared with the same period in 2015. Residential unit sales climbed by 36.2 per cent
to 28,028 units, while the average MLS® residential price was up 20.6 per cent to $761,860.
For more information, please contact:
|Cameron Muir ||Damian Stathonikos |
|Chief Economist ||Director, 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 over 20,000 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.
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