Fridays Facts

According to the British Columbia Real Estate Association B.C. Home Sales – 2007 is a Record Year.

In summary:

The Numbers

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  • residential sales volume on the Multiple Listing Service® (MLS®) in BC climbed 19.5%
  • residential unit sales increased 6.4 per cent to 102,811 units in 2007
  • average MLS® residential price in the province reached a record $439,121 in 2007
  • up 12.3 per cent from 2006

Reason

  • consumer demand buoyed by employment growth
  • rising wages
  • migration

Hottest Property Types in Urban Centers

  • condominium
  • apartments
  • townhouses

More Homes Sold in Kamloops, Okanagan and Kootenay

Reason

  • recreation
  • retiree
  • investment buyers

Prediction

less activity in 2008

Reason

  • eroding affordability
  • rising new home completions adding inventories
  • weaker economic growth

Summary

  • sales volume in December increased 24.2 %
  • Residential unit sales climbed 8.8 %
  • average residential sales price rose 14.2 %

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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