BC Home Sales Surpass 2006 Total in 11 Months

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Highlights

  • Residential sales in B.C. climbed 26.4 per cent compared to the same month last year.
  • Residential unit sales increased 11.9 per cent
  • Average residential price reached $452,755
  • Increase of 12.9 per cent from November 2006.
  • Total sales to date 98,014 homes were sold in the first 11 months of 2007.
  • 2006 total was 96,671
  • Expect to see this go over 100,000 units for 2007.
  • Reasons

  • Consumer demand remains strong
  • Economic growth
  • Rising wages and salaries
  • Increased population growth
  • Increasing proportion of affordable condominiums in the housing stock
  • Longer mortgage amortizations with lower monthly carrying costs
  • The Numbers

  • MLS® residential sales volume increased 19.2 per cent
  • Residential sales climbed 6.2 per cent
  • Average residential sales price rose 12.2 per cent to $438,189 January to November.
  • About Larry Yatkowsky

    Larry is a recognized real estate expert. A veteran professional, his experienced counsel leads Vancouverites in his west side community to place their trust in a man passionate about his work. Uncompromising ethics bring a balanced approach to realizing your real estate dreams.

    When Life Moves You - contact Larry:

    *Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
    **Numbers provided may vary as they are dynamically posted by the REBGV.

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