It may come as no surprise but both home sales and average prices rose across B.C. in September, according to the latest figures from the British Columbia Real Estate Association (BCREA).
In September, a total of 8,340 residential unit sales were recorded by the Multiple Listing Service (MLS), which is an increase of 9.9 per cent from the same period in 2016.
The total home sales were also up 30.2 per cent from last September, worth a total of $5.8 billion.
Get breaking National news
The average price across the province on the MLS database was $693,774, up 18.5 per cent from last September.
READ MORE: No change in housing market from July to August: B.C. Real Estate Association
However, the BCREA says residential unit sales declined 13 per cent year-to-date to 81,608 units, while the average price was down 0.2 per cent to $705,501.
- Federal government invests $9 million into southern Alberta projects
- Alberta proposes new pipeline, but hurdles to construction, profitability remain
- Environmental groups wanted to see clear decarbonization commitment in pipeline plan
- Liberals refuse to provide proof of Carney’s NATO defence spending claims
Meanwhile, Royal LePage has released its latest housing survey results for July, August and September.
He says condo prices in Metro Vancouver are up 17.6 per cent year-over-year, with the average condo price now approximately $620,000.
He says the price gap between condos and detached homes has shrunk by roughly $110,000 and is good news for those who want to upgrade.
— With files from Emily Lazatin, CKNW
Comments
Want to discuss? Please read our Commenting Policy first.